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, according to a recent article published on Cloud Computing News.
The article indicates that many variables, including local IT infrastructure, cultural acceptance, and the maturity of the market determine the deployment rate and the level of investment regarding cloud-based security models. It is also noted in the article that the subject of privacy seems to be a primary inhibitor in the deployment of these systems. It remains a large 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 opportunities for expansion. 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.”
It is Gartner’s prediction 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 insure its increasing popularity in the marketplace.