Cloud-based security market offers multiple opportunities
The cloud-based security services market is expected to witness a strong growth and provide multiple opportunities to the providers in the coming years, but its revenue opportunities will continue to vary, according to research firm Gartner. The research firm predicts the market to be worth $3.1 billion in 2015 from $2.1 billion in 2013.
Ruggero Contu, research director at Gartner states that encryption will be a new area of growth, but it remains a complex activity. The strongest interest will be in encryption products from cloud security brokers, which are relatively easy to deploy and have options for on-premises encryption management.
Gartner predicts that the top three most sought-after cloud services moving forward will remain email security, web security services and identity and access management (IAM). However, in the next one year, the highest growth will occur in cloud-based tokenization and encryption, security information and event management (SIEM), vulnerability assessment and web application firewalls.
Overall adoption of software as a service (SaaS) applications and other cloud-based services encourages organizations to adopt cloud-based security controls. These are delivered either as stand-alone features or as part of an integrated SaaS package. Managed security services (MSS) are also driving adoption of cloud-based security services among enterprises. MSS delivery models are in turn being affected by demand for cloud-based security services, which is enabling security providers to become de facto MSS players.
Gartner expects acceptance and reliance on cloud-based security-as-a-service offerings to increase, based on organizations gaining more experience with SaaS and more consumer-grade technology being made available to corporate systems as a result of trends, such as BYOD. In the next 24 months, new security-as-a-service-based offerings that address specific security controls for cloud-based IT resources will be available from larger IT and network service providers, aimed initially at SMBs. Gartner predicts that smaller, pure-play managed security service providers will be most affected by the introduction of these services, and expects them to consolidate.
One area of hitch is the service providers’ relative lack of interest in cloud-based encryption means it has remained a complex activity, requiring organizations to initiate complex, build-your-own deployments, says Contu. “The strongest interest is in encryption products from cloud security brokers, thanks to their relative ease of deployment and their options for on-premises encryption management. Nevertheless, Gartner expects cloud hosting providers and IaaS providers to show an increased interest in cloud-based encryption capabilities,” he says.
Given the differences in maturity, cultural acceptance and local IT infrastructures, considerable regional differences exist in the deployment rates of cloud-based security systems. Contu believes that maturity of the related business communities, local regulations and cultural aspects all play a part in the level of spending dedicated to this delivery model compared with on-premises deployments in the coming years.
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