Sarasota, FL -- (SBWIRE) -- 10/13/2016 -- The report covers forecast and analysis for the cloud security market on a global and regional level. According to the report, global cloud security market was valued at around USD 4.7 billion in 2014 and is expected to reach USD 9.8 billion in 2020, growing at a CAGR of around 12.0% between 2015 and 2020.The study includes drivers and restraints for the cloud security market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cloud security market on a global level.

The cloud security market is expected to witness significant growth due to the increasing popularity of cloud computing worldwide. The major driving factor for cloud security market is enhanced and simplified IT management provided by the cloud security. In addition, increasing demand of SMB cloud computing is expected to have a positive impact on cloud security market. Cloud-based video storage is an emerging trend which is likely to open new market avenues in the near future. However, some restraints like lack of awareness about adoption of cloud computing may hamper the growth of this market.

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In order to give the users of this report a comprehensive view on the cloud security market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the cloud security market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

On the basis of types, the global cloud security market is divided into public, private and hybrid cloud. The hybrid cloud security type dominated the cloud security market and it accounted for almost 43% share of the total market in 2014. This was mainly due to its number of application such as work management of public, on-premise, and private sector. Hybrid cloud system plays vital role in classification of critical data and store it in different cloud deployments therefore it is the fastest growing segment of cloud security market.

Based on different services provided by cloud security, this market is segmented into data loss prevention, email and web security, cloud IAM, cloud database security and other services such as network security, virtualization security etc. The data loss prevention service held the majority share in 2014 in terms of revenue.

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Government and public utilities, BFSI, IT and telecommunication, healthcare and others are the key applications of cloud security market. IT and telecommunication segment was the largest segment of global cloud security market and accounted for more than 29% share of the entire market in 2014 due to the increasing use of cloud computing in IT operations. Government and public utilities, BFSI and healthcare are also expected to show substantial growth in the coming years.

The study provides a decisive view on the cloud security market by segmenting the market based on types, services and applications. Public cloud, private cloud and hybrid cloud security are the three types of cloud security included in this market. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes the use of this cloud security in government and public utilities, BFSI, IT and telecommunication, healthcare and other applications. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include CA Technologies, Fortinet, Inc., Intel Security Group, IBM Corporation, Panda Security, Symantec Corporation, Symplified, Inc., Sophos Ltd., Cisco Systems, Inc., and Trend Micro.

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The report segments the global cloud security market into:

Global Cloud Security Market: Type Segment Analysis

Public Cloud
Private Cloud
Hybrid Cloud

Global Cloud Security Market: Service Type Segment Analysis

Data Loss Prevention
Email and Web Security
Cloud IAM
Cloud Database Security
Others (including network security, virtualization security etc.)

Global Cloud Security Market: Application Segment Analysis

Government and Public Utilities
BFSI
IT and Telecommunication
Healthcare
Others (including retail and hospitality)

Global Cloud Security Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

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