In a recent published report, Kenneth Research has updated the market report for Cloud Security Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Security Network Market products.
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Demand for Cloud computing is strong from corporate data centres as it enables data centres to work in similar manner to the Internet through the process of enabling computing resources to be accessed and shared. Among diverse end-use commercial ventures, IT and telecom fragment is the biggest and represent total market. Besides, IT and telecom portion is required to witness solid development amid the estimate period. The utilization of distributed computing among telecom transporters is relied upon to increment because of expanding reception of android-based telephones among end-clients. Cloud computing helps SMBs to access these resources and minimize or expand services as the requirements change.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Thus, growing demand for cloud computing by SMBs is propelling the market growth for cloud security solutions and services during the forecast period. However, sceptical nature of the enterprises towards the adoption of cloud services and lack of awareness are some of the factors restraining the market growth.
Geographically, North America was the largest market for cloud security in 2018 that accounted for maximum share of the global cloud security market owing to the increase in adoption of cloud security services in enterprise environment. The cloud security market is portioned on the premise of administrations into information misfortune aversion, email and web security, cloud IAM, cloud database security, system security, virtualization security and others. The others fragment incorporates SIEM, BCDR and encryption administrations.
Market Segmentation for this report is done by Security Type which includes Network Security, Content Security, End-point security, wireless security, Application Security, Cloud Security Market, By Solution that includes IAM (Identity And Access Management), Encryption, DLP (Data Loss Protection) Antivirus and Anti-Malware Intrusion Prevention System Risk and Compliance Management Firewall Unifies Threat Management System Web Filtering By Service: Consulting, Design and Integration, Managed Security Service, Training and Education and By Industry Application: Aerospace Banking, Financial service and insurance (BFSI) Government Departments Telecom IT Healthcare Retail Manufacturing.
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Companies profiled include
1 IBM Corporation
2 Cisco System INC
3 Intel Corporation
4 Trend Micro
5 CSC (Computer Science Corporation)
6 Lockheed Martin
7 Northrop Grumman
8 Symantec Corporation
10 Booz Allen Hamilton
11 McAfee Inc
12 CA Technologies
13 Symplified Inc
14 Panda Security SL
15 Trustwave Holdings, Inc
16 Fortinet, Inc
22 Voltage Security
25 PaloAlto Networks
This Occams Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies
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