According to a recent article published on Cloud Computing News, a market study conducted by Gartner, the information technology research and advisory firm, projects that the cloud-based security services market will grow from $2.1 to $3.1 billion in 2015.
The article indicates that many variables, including local IT infrastructure, cultural acceptance, and the market's maturity, determine the deployment rate and the level of investment regarding cloud-based security models. The article also noted that the subject of privacy seems to be a primary inhibitor in the deployment of these systems. It remains a significant issue in Europe due to data protection legislation in that section of the world.
Research Director at Gartner, Ruggero Contu, is quoted in the article to say, "The cloud-based security market remains a viable one, offering providers many expansion opportunities. Encryption will be a new area of growth, but it remains a complex activity. The strongest interest will be in encryption products fromcloudsecurity brokers, which are relatively easy to deploy and have options for on-premises encryption management."
Gartner predicts that email security, web security services, and identity access management (IAM) will be the most popular services moving into the future. Moreover, the offering of encryption will ensure its increasing popularity in the marketplace.