Cloud Security Market Share, Size, Analysis and Forecast

Technavio Announces the Publication of its Research Report – Global Cloud Security Market in Retail Sector 2016-2020

Technavio recognizes the following companies as the key players in the global cloud security market in retail sector: Cisco Systems, IBM, Intel (McAfee), Symantec, and Trend Micro.

Other Prominent Vendors in the market are: CA Technologies, Check Point Software Technologies, CipherCloud, Clearswift, CloudPassage, CSC, Dell Secure Works, Fortinet, Microsoft, Netskope, Okta, SafeNet, Sophos, Symplified, and Zscaler.

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Commenting on the report, an analyst from Technavio’s team said: “Increasing mobile workforce will be a key trend for market growth. The mobile workforce in the US was 96 million in 2015, and it will reach 105 million by the end of 2020. Developing regions have been witnessing a change in the working culture of organizations. With constantly changing business scenarios, organizations are required to develop a mobile workforce in order to stay competitive. The demand for flexible IT services is increasing, which can be met by cloud solutions. In addition, changes in work locations, time zone barriers, and the need to access official and confidential data using employees' personal devices is resulting in an increased demand for cloud services. In order to address these changes, IT service providers are providing tailor-made cloud services for smartphones and tablets. This trend will strengthen in the future, thereby pushing the market growth.”

According to the report, increase in phishing and malware attacks in retail sector will be a key driver for market growth. Approximately 63% of the data breaches in 2015 were due to default, stolen, or weak passwords. A major reason for the adoption of cloud security is the increase in cloud-specific attacks such as crimeware, cyber-espionage, and DoS....