Published on : Aug 24, 2016
ALBANY, New York, August 24, 2016: ResearchMoz.us has added a new report, titled “Global Cloud Security Market in the Retail Sector 2016-2020,” to its offering. This study encapsulates a detailed analysis on the utilization of cloud security in the retail sector. The key investment opportunities, trends, drivers, and impeders impacting the growth of the cloud security market in the retail sector have been highlighted in detail in this study. In addition, the technological developments taking place in the market or bound to take place through the forecast period have been presented in the report. A discussion on the prominent vendors penetrating the market and their respective shares in the market has also been presented in the report.
The first section of the report throws light on the architecture of cloud security and presents an overview of the cloud security market, including brief information on the types of cloud storage. The global cloud security market in the retail sector is expected to rise at a whopping 21.0% CAGR from 2016 to 2020. The increasing barriers in terms of time zone and work locations and the rising requirement for official data access from remote locations will raise the utilization of cloud service in the retail sector. Cloud security software often works on the pay and use model, wherein customers make payments as per the services they avail. Cloud security also provides a variety of connection options and thus any connection-related expenditures are also eliminated.
In the following part of the report, the segmentation of the cloud security market has been presented. On the basis of solution, the market is segmented into e-email security, data loss prevention (DLP), identity and access management (IAM), and intrusion detection system/intrusion prevention systems (IDS/IPS). Of these, the segment of IAM led the market with a share of 37% in 2015. The increasing requirement for data security, the increasing utilization of mobile devices, and the need to transfer huge amounts of data will fuel the growth of the segment of IAM.
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Geographically, the report segments the cloud security market in the retail sector into Asia Pacific (APAC), the Americas, and Europe, the Middle East, and Africa (EMEA). Amongst these, the Americas are poised to hold a share of 49% in the market by 2020. This is primarily due to the penetration achieved by a number of big companies and financial institutions in this region. In addition, the rising number of cyber-attacks in the Americas will positively influence the development of the cloud security market in this region.
Next, the dynamics impacting the development of the market are presented. The rising number of malware and phishing attacks in the retail sector and the growing requirement to lower the total cost of ownership (TCO) are the primary factors boosting the growth of the cloud security market in the retail sector. However, the rising menace from vendors of open-source cloud computing may impede the growth of this market in the coming years.
As per the study, the prime players dominant in the market are Cisco, IBM, Intel (McAfee), Symantec, Trend Micro, CA Technologies, and Check Point Software Technologies, among others.
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