The global market for cloud security and vulnerability technologies reached $4.6 billion in 2016. The market should reach $5.3 billion in 2017 and $10.1 billion by 2022, increasing at a compound annual growth rate (CAGR) of 13.9% from 2017 to 2022

LONDON, Nov. 2, 2017 /PRNewswire/ -- • The global market for cloud security and vulnerability technologies reached $4.6 billion in 2016. The market should reach $5.3 billion in 2017 and $10.1 billion by 2022, increasing at a compound annual growth rate (CAGR) of 13.9% from 2017 to 2022.



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• The network security technologies market reached $1.8 billion in 2016. The market should reach $1.9 billion in 2017 and $3.1 billion by 2022, increasing at a CAGR of 10.1% from 2017 to 2022.
• The identity and access management market for cloud security technologies reached $850.0 million in 2016. The market should reach $1.1 billion in 2017 and $2.7 billion by 2022, increasing at a CAGR of 20.1% from 2017 to 2022.

Chapter 1: Introduction
As organizations move their businesses to cloud infrastructures, the fundamental concept of organizational assets has changed. The virtualization and remote locations of these assets have increased the purview of security.

Businesses need to ensure comprehensive and cohesive security management to keep data safe and security breaches at bay. The conventional approach of network scanning alone might not be sufficient to ensure a secure cloud environment. Attackers are continuously honing their tactics, deploying vectors ranging from mobile to social media and cloud-based attacks to sneak into an organization's infrastructure and steal vital information.

In addition, the growing number of devices, applications and dataflows through organizations is also increasing the need for a holistic security system. Businesses are turning to platforms that provide actionable intelligence pertaining to the threats facing them by analyzing vulnerabilities inside the organization. New technologies are leveraging the scaling benefits of the cloud while delivering greater visibility about organizations' assets and the risk posed to those assets.

This report on cloud security and vulnerability technologies assesses the market opportunities provided by these new cloud-oriented security measures.

Study Goals and Objectives
The goals of this report are to:
• Provide an industry overview of the cloud security and vulnerability technologies market by type of technology, including identity and access management, Security Information and Event Management (SIEM), endpoint security, web security, messaging security, network security and vulnerability assessment.
• Estimate the size of the current and future global markets for cloud security and vulnerability technologies and other segments. This includes making a comprehensive forecast (2017 through 2022) of the market for cloud security and vulnerability technologies and its key subsegments.
• Identify opportunities for all stakeholders in the cloud security and vulnerability technology space.
• Provide profiles of major cloud security and vulnerability technology suppliers and vendors.

Reasons for Doing This Study
BCC Research has undertaken this study to spotlight the market value and technologies related to cloud security. The study examines the market for cloud security and vulnerability as well as the market forces that are driving the growth of certain segments and applications of this market.

Scope of Report
This report focuses on the global markets for cloud security and vulnerability technologies. The scope of the report encompasses various technologies used in cloud security and vulnerability applications.
The cloud security and vulnerability market by application is segmented by identity and access management, security information and event management (SIEM), endpoint security, web security, messaging security, network security and vulnerability assessment.

In terms of end-use industry sectors, the market is segmented into government; banking and financial services; information technology (IT) and communications; retail; media and entertainment; manufacturing; and others.

The estimated and forecast market revenues given in this report represent the summation of revenues from major players. All dollar estimates in this report are based on 2017 constant dollars.
In addition to the above, the report also showcases the drivers, restraints and opportunities for the market collected through a combination of primary and secondary research.

The report also provides market share analysis and key vendor analysis with detailed profiles of the top cloud security and vulnerability assessment companies. The strategies adopted by the stakeholders, as well as mergers and acquisitions, are provided in the report in order to further analyze ongoing market trends.

Information Sources
The material presented in this report is based on information gathered from personal contacts with participants in the cloud security and vulnerability assessment technology industry, as well as analysis derived from technical papers and industry conferences.

The final analysis and projections combine the consensus of primary contacts and assumptions regarding the impact of historical and emerging trends. Additional data were obtained from analysis of secondary sources, including trade publications, trade associations, company literature and online databases. This research was performed to supplement an understanding of applications, markets, and trends in the cloud security and vulnerability technology industry.

Methodology
The entire study encompassing the cloud security and vulnerability technology industry consisted of two phases:
• Detailed secondary research.
• Primary interviews with industry experts to understand the industry dynamics.

In the first phase, we conducted a detailed review of data from secondary sources such as the internet, libraries, published data, annual reports of the company and other sources. This secondary data provided insights into the cloud security and vulnerability market.
Discussions with industry participants were conducted, to better understand market dynamics and key issues and refine report structure. This also provided valuable inputs in terms of planning the study, both in terms of logistics and analysis.

Geographic Breakdown
In this report, the geographic regions considered for market analysis include, and only include:
• North America
• Europe
• Middle East and Africa
• Asia-Pacific

Cloud Security and Vulnerability Technologies, BY TYPE
Identity and Access Management
Network Security
Endpoint Security
Messaging Security
Web Security
Security information and event management (SIEM)
Vulnerability Assessment
Cloud Security and Vulnerability Technologies, by Type

Cloud Security and Vulnerability Technologies, BY END USE MARKET
Government
Banking and Financial
Services
Healthcare
IT and Communications
Retail
Media and Entertainment
Manufacturing
Others

Chapter 2: Summary and Highlights
The growth of the digital world has opened business opportunities for numerous companies and individuals. However, with all this, the digital economy has also opened itself to unscrupulous hackers and cyber-attackers. The last 10 years have witnessed the strong emergence of computer hackers attacking businesses of varying sizes in nearly every industry. Ransomware has become a recurring theme in the last couple of years, with organizations and users experiencing demands for money in return for access to their files and data.

A key development in this regard has also been the changing approach of handling personally identifiable information (PII) or sensitive personal information (SPI). Users' exposure to social media and digital products is higher than ever, and with increasing digital products and touchpoints, every user is generating and exposing exponentially more data to companies and product developers. While the early phases of social media and internet exposure did not concern the users as much, a barrage of attacks and breaches in large organizations has fueled security concerns on a large scale. This development has also forced organizations to develop strong holistic security measures to ensure user safety and the safety of their businesses as well.

The cloud security and vulnerability technologies market is expected to reach $10.1 billion by 2022. The market is estimated at $5.3 billion in 2017, with the next five years likely to witness a compound annual growth rate (CAGR) of 13.9%. The number of network attacks, data security and network breaches has grown substantially.

And as businesses across geographies and verticals move to the cloud, the imperative to adapt strong security measures grows even further. This is further accentuated by the rising adoption of the Internet of Things (IoT) and the bring your own device (BYOD) corporate IT network access philosophy opening new avenues for cybercriminals to breach the secure data of consumers. As a result, enterprises of all sizes will increasingly invest in cloud security solutions to be secure while reaping benefits of better ROI from cloud adoption. Faster time-to-deployment, reduced software maintenance efforts and direct web access from any location are the major drivers for adopting cloud-based security solutions.

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