The global cloud security solutions market to grow at a CAGR of 19.83% during the period 2017-2021.
The report, Global Cloud Security Solutions Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is emergence of IDaaS. The growing deployment of cloud computing solutions in many organizations has led many vendors to offer identity as a service (IDaaS). Identity management solutions have been prevalent for a few years now and are deployed on the company's server. IDaas is now becoming a trend because of the increased acceptance of cloud solutions.
According to the report, one driver in the market is rise in demand from SMBs. SMBs are increasing their investments in IT products and services to improve their business processes and gain a stronger foothold in the market. Many of these companies are adopting cloud-based solutions to reduce costs, improve service offerings, and enhance customer satisfaction. Cloud services enable these companies to use software products on a pay-per-use basis and reduce their expenditure. These solutions also do not require a dedicated internal IT team and entail no licensing costs, low maintenance costs, limited hardware infrastructure, and easier and faster implementation of IT solutions, driving SMBs toward the adoption of cloud services.