The High Tide of Cloud Driven IT Transformation Coupled With the Focus on Security Spurs the Cloud Security Gateways Market
Growing adoption of cloud IT strategies
and the resulting rise in data leakages and security and privacy issues is
poised to drive the global market for Cloud Security Gateways to reach US$1.4
billion by 2024. The emergence of
cloud computing has unleashed disruptive changes in businesses and their IT
departments. The cloud revolution, which began over a decade ago has finally
run its course, with virtually every company today being cloud enabled. By
enabling a model of a utility computing, the cloud represents the ultimate in
disruptive innovation. Cloud-delivered enterprise solutions by offering a
simpler, cheaper, and more effective alternative to legacy models of enterprise
computing, will be almost a sacrosanct need for companies to survive in the
market. However, as companies flock to deploy the cloud in its various flavors
– private, public and hybrid, data security and privacy issues are gaining in
importance. The ubiquity of cloud applications and use of mobile devices for accessing corporate data residing in the
cloud is forcing companies to re-evaluate their security policies. Data is no
longer at rest behind the corporate firewall like in traditional IT, but is
rather stored on third party servers, travels across third party networks and
finally resides on employee owned mobile devices. The traditional corporate
network perimeter security technologies are therefore falling apart creating a
strong business case for cloud security gateways (CSGs).
Also called as Cloud Access Security
Brokers (CASBs), CSGs are defined as security policy enforcement solutions comprising
of single sign on, encryption, tokenization, logging, API control, vormetric
encryption and key management, that help protect cloud based resources. CSGs
act as a gatekeeper for organizations accessing cloud resources, allowing them
to extend the reach of security policies beyond their on-premise infrastructure. As full-scale cloud security tools, CSGs can
effectively deal with various data risks posed by cloud computing such as data breaches, data loss, data
leakage, cloud service abuse, cloud account and/or service traffic hijacking,
insecure interfaces & APIs, denial of service (DoS), threat from malicious
insiders, and insufficient due diligence etc. CSG typically deliver a reliable solution for
access governance, information protection, advanced threat protection, and
workload protection in enterprise cloud IT environments.
Few of the major factors driving growth in
the market include growing cloud IT investments; inadequate security cover
provided by cloud service providers (CSPs) and the need to fill the security
gaps left open by CSPs for enterprises to resolve; unchecked/ undisclosed
government surveillance against the backdrop of increased movement of sensitive
corporate data into the cloud; growing diversity in cloud deployment among
enterprises and the need to transition to the cloud confidently; and ballooning
BYOD trend and the resulting threat of shadow IT.
As
stated by the new market research report on Cloud Security Gateways, The United States represents
the largest market worldwide. Asia-Pacific ranks as the fastest growing market with
a CAGR of 38.3% over the analysis period, led by factors such as rise in the
number of cloud ready Asian countries, spurt in the number of SMBs which are
primarily adopters of public cloud services, and strong adoption of cloud IT
technologies.
Major players in the market include AT&T
Inc., Bitglass, Check Point Software, CipherCloud, Cisco Systems Inc.,
Forcepoint LLC, Fortinet Inc., Global Velocity Inc., Huawei Technologies Co.
Ltd., ManagedMethods Inc., McAfee Inc., Microsoft Corporation, Netskope, Oracle
Corporation, Palo Alto Networks, Proofpoint Inc., Sophos Plc, Symantec
Corporation, Thales eSecurity Inc., Trend Micro Inc., and Trustwave Holdings, among
others.
The
research report titled “Cloud Security Gateways: A
Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a
comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the US, Canada, Japan,
Europe, Asia-Pacific, Middle East & Africa, and Latin America.
For cutting edge analyst reviews on top industries
Cloud Access Security Broker is a secure application designed to protect the cloud and associated information from vulnerabilities. To get Cloud Access Security Broker Services in India, Securium Solutions is one of the best companies for giving cyber security services.
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