According to a report generated by market research giant Gartner the development in universal Cloud-based security services will reach $5.9 billion in 2017, which is up by 21 percent from 2016. It is also said that, the Cloud-based security services marketplace will attain close to $9 billion by 2020.
“Email security, web security and identity and access management (IAM) remain organisations’ top-three Cloud priorities,” said Ruggero Contu, Research Director at Gartner, in a statement. The small and midsize businesses (SMBs) are driving development as they are becoming more and more conscious of security threats.
“The Cloud medium is a natural fit for the needs of SMBs. Its ease of deployment and management, pay-as-you-consume pricing and simplified features make this delivery model attractive for organizations that lack staffing resources,” Contu added.
The enterprise sector by realizing the operational benefits resulting from a Cloud-based security delivery model is also pouring development.
“Cloud-based delivery models will remain a popular choice for security practices, with deployment expanding further to controls, such as Cloud-based sandboxing and WAFs,” said Contu.
As per Gartner, by the end of 2017 the public Cloud will be the major delivery model for more than 60 per cent of security applications. “The ability to leverage security controls that are delivered, updated and managed through Cloud and therefore require less time-consuming and costly implementations and maintenance activities is of significant value to enterprises,” added Contu.