Cloud Application Security Service aims to provide security for applications that are deployed on the cloud. With the growing number of industries adopting cloud-based solutions to provide their customer with faster and continence of services they are developing their own apps. As per sources, nearly one out of three retailers have suffered huge revenue losses due to cyber-attacks. The end-user industries deal with large volumes of sensitive data such as credit card information and personal data. This data is increasingly targeted by hackers and there is a rising need to protect it.This growth is primarily driven by Need for Regulations and Compliance Requirements and Increased Adoption Of Internet of Things (IoT) Devices & Internet Users.
Globally, a noticeable market trend is evident Emergence of Artificial Intelligence and Big Data. The Business Services sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft Corporation (United States), Cisco Systems Inc. (United States), Fortinet, Inc. (United States), Skyhigh Networks (United States), IBM Corporation (United States), Symantec Corporation (United States), Bitglass Inc. (United States), Oracle Corporation (United States), Palo Alto Networks, Inc. (United States), Proof point Inc. (United States), Netskope Inc. (United States), Censor Net Ltd. (United Kingdom), Cipher Cloud (United States), Trend Micro Inc. (Japan), Zscaler (United States), McAfee, Inc. (United States) and Juniper Networks, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In April 2019, IBM signed a collaboration with the Indian government to provide security service to its Cloud servers to protect from cyber-attacks and criminals.
- Need for Regulations and Compliance Requirements
- Increased Adoption Of Internet of Things (IoT) Devices & Internet Users
- Emergence of Artificial Intelligence and Big Data
- Growing Adoption Of Integrated Cloud Application Security Services By Large Enterprises
- Ease To Integrate Cloud Application Security Solutions Within Existing Security Infrastructure
Negligence of Application Security by Industries
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