DUBLIN, Feb. 27, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/q9h39b/global_cloud) has announced the addition of the "Global Cloud Security Software Market 2015-2019" report to their offering.
The Global Cloud Security Software market to grow at a CAGR of 48.46% over the period 2014-2019
This report covers the present scenario and the growth prospects of the Global Cloud Security Software market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of cloud security software solutions.
Partnership between cloud service providers and security solution providers is one key trend upcoming in the market. As the market matures, cloud security is expected to become an integral part of cloud services, which will encourage CSPs to partner with security solution providers to provide security software and maintain their competitiveness.
According to the report, one of the major drivers of this market is the reduced ownership cost. Cloud security software reduces the operational costs of an organization. Currently, organizations are concentrating on cost-effective solutions for deployment of security solutions. In the cloud security software model, the associated risks, maintenance and operation costs, infrastructure costs, and updates are handled by a third party or service provider.
Further, the report states that the presence of many open-source security software providers is one of the major challenges in the market. As a result of advances in technology, several open-source software solution providers have been able to enter the market, which has intensified the competition for traditional and cloud software solutions. Open-source software can be downloaded and run on all platforms. The presence of open-source security software vendors is reducing the market share of cloud security software vendors.
Key Vendors
- CA Technologies
- McAfee
- Symantec
- TrendMicro
Other Prominent Vendors
- CipherCloud
- CloudLock
- CloudPassage
- Commtouch Software
- CREDANT Technologies
- CYREN
- HyTrust
- IBM
- Okta
- Panda Security
- SafeNet
- Skyhigh Networks
- ThreatMetrix
- Zscaler
For more information visit http://www.researchandmarkets.com/research/q9h39b/global_cloud
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
