More companies embracing cloud-based security
Everything cloud-based seems to be exploding in activity, and no less is true for cloud-based security as a service.
According to Gartner, the cloud-based security as a service market is on track to hit $4.13 billion in value by 2017. This market includes secure email, web gateways, identity access management, remote vulnerability assessment, security information and event management, notes Network World.
In its recent report, "Market Trends: Cloud-based Security Services Market, Worldwide, 2014," Gartner says interest in cloud-based security as a service by midsize businesses will drive much of the growth.
The biggest spending today is around secure email gateway as a service, the research firm notes. This market will grow to approximately $800 million in value by the end of this year; increase to a value of $942 million in 2015; and to a value of $1 billion by 2017.
The other area that is projected to see rapid growth is identity and access management. Gartner estimates the IAM market to be valued at approximately $500 million currently. But the firm expects IAM to grow to an $860 million market by 2015, and then to $1.24 billion by 2017. This represents a combined annual growth rate of 28 percent.
- see the Network World article
Managed cloud security market projected to reach $9 billion
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