Market Overview:
The global cloud application security service market is expected to grow from USD 2.02 Billion in 2018 to USD 5.06 Billion by 2030, at a CAGR of 13.8% during the forecast period. The growth of this market can be attributed to the increasing adoption of cloud-based applications and services, growing concerns about data breaches and cyberattacks, and the need for compliance with government regulations. The support services segment is expected to hold the largest share of the global cloud application security service market in 2018. The growth of this segment can be attributed to the increasing demand for managed security services and 24/7 support from organizations worldwide.
Product Definition:
Cloud Application Security Service is a service that provides security for cloud-based applications. It helps protect against attacks and vulnerabilities, and ensures compliance with regulations. Cloud application security is important because it helps protect sensitive data and keep systems secure.
Support Services:
Support services are the set of tools, processes and practices that help to enhance and manage the operations of a product. It includes training & consulting services, maintenance services, integration & deployment services among others. In cloud application security service market support service means all those activities which help to secure an application in a cloud environment by providing monitoring capabilities along with fixing bugs found in the code or its operation.
Training and Education Services:
The global training and education services and it's usage in the cloud application security service market size was valued at USD 1.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period. The need for skilled workforce, especially across developing countries is anticipated to drive growth over the next few years.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global market in terms of revenue share in 2017. The BFSI sector is one of the leading adopters of cloud application security services owing to its critical nature for maintaining business operations and assets. The increasing need for improving operational efficiency while reducing costs is driving adoption across this industry vertical.
IT and telecom was the second largest segment accounted for over 15% share in 2017 due to rising cyber-attacks targeting end-user devices as well as network infrastructure that supports them. Increasing demand for mobility, IoT technologies along with a growing number of users are escalating risks associated with data & device breaches which could potentially lead toDoS attacks or other malware infections on mobile devices or personal computers connected to a network Infrastructure/device vulnerabilities can be remotely exploited resulting in loss of sensitive information stored on these systems resulting ultimately into monetary damages if not taken care off timely.
Regional Analysis:
North America dominated the global market in 2017, with a revenue share of over 35.0%. The growth can be attributed to the presence of prominent players such as FireEye Inc.; Trend Micro, Inc.; and vArmour Holdings, LLC. Moreover, increasing cyberattacks against organizations are driving their need for security solutions that help them prevent data breaches and maintain business operations during an attack. This is also likely to drive regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to rapid technological advancements coupled with increased adoption of cloud applications across various industry verticals including BFSI, IT and telecom sector in India has contributed significantly towards regional demand for cloud application security services during 2016-2017 through 2019-2020 period.
Growth Factors:
- Increased demand for cloud-based services and applications: The global market for cloud-based services is expected to grow at a CAGR of 17.5% from 2016 to 2020, reaching 6.8 billion by 2020. This growth is being driven by the increasing demand for cloud-based services and applications due to their scalability, flexibility, and cost-effectiveness.
- Proliferation of mobile devices and BYOD policies: The proliferation of mobile devices and the growing trend of BYOD (bring your own device) are leading to an increase in the number of sensitive data breaches as these devices are often not properly secured. Cloud application security service providers can help organizations secure their data against such breaches by providing comprehensive security solutions that protect both on-premises and cloud-based applications accessed through mobile devices or laptops/tablets owned by employees.
- Stringent government regulations: Governments around the world are increasingly implementing stringent regulations governing information security in order to protect citizens' personal data from cyber threats such as identity theft, fraud, etc., In addition, they are also mandating compliance with these regulations through various compliance frameworks such as PCI DSS (Payment Card Industry Data Security Standard), HIPAA (Health Insurance Portability and Accountability Act), SOX (Sarbanes–Oxley Act), etc., Cloud application security service providers who can help organizations meet these regulatory requirements will be in high demand going forward..
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Application Security Service Market Research Report
By Type
Support Services, Training and Education Services, Consulting Services
By Application
Banking, Financial Services, and Insurance (BFSI), Government and Defense, IT and Telecom, Healthcare and Life Sciences, Manufacturing, Retail, Others
By Companies
Cisco Systems (US), Fortinet (US), Microsoft (US), Oracle (US), Palo Alto Networks (US), Proofpoint (US), Symantec (US), Bitglass (US), CensorNet (UK), CipherCloud (US), Netskope (US), Skyhigh Networks (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Application Security Service Market Report Segments:
The global Cloud Application Security Service market is segmented on the basis of:
Types
Support Services, Training and Education Services, Consulting Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services, and Insurance (BFSI), Government and Defense, IT and Telecom, Healthcare and Life Sciences, Manufacturing, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems (US)
- Fortinet (US)
- Microsoft (US)
- Oracle (US)
- Palo Alto Networks (US)
- Proofpoint (US)
- Symantec (US)
- Bitglass (US)
- CensorNet (UK)
- CipherCloud (US)
- Netskope (US)
- Skyhigh Networks (US)
Highlights of The Cloud Application Security Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Support Services
- Training and Education Services
- Consulting Services
- By Application:
- Banking, Financial Services, and Insurance (BFSI)
- Government and Defense
- IT and Telecom
- Healthcare and Life Sciences
- Manufacturing
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Application Security Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Application Security Service (CAS) is a cloud-based service that helps organizations protect their applications from threats and attacks. CAS provides detection, response, and mitigation capabilities for application security incidents.
Some of the major companies in the cloud application security service market are Cisco Systems (US), Fortinet (US), Microsoft (US), Oracle (US), Palo Alto Networks (US), Proofpoint (US), Symantec (US), Bitglass (US), CensorNet (UK), CipherCloud (US), Netskope (US), Skyhigh Networks (US).
The cloud application security service market is expected to register a CAGR of 13.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Application Security Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Application Security Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Application Security Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Application Security Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Application Security Service Market Size & Forecast, 2020-2028
4.5.1 Cloud Application Security Service Market Size and Y-o-Y Growth
4.5.2 Cloud Application Security Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Support Services
5.2.2 Training and Education Services
5.2.3 Consulting Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services
6.2.3 and Insurance (BFSI)
6.2.4 Government and Defense
6.2.5 IT and Telecom
6.2.6 Healthcare and Life Sciences
6.2.7 Manufacturing
6.2.8 Retail
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Application Security Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Application Security Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Support Services
9.6.2 Training and Education Services
9.6.3 Consulting Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services
9.10.3 and Insurance (BFSI)
9.10.4 Government and Defense
9.10.5 IT and Telecom
9.10.6 Healthcare and Life Sciences
9.10.7 Manufacturing
9.10.8 Retail
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Support Services
10.6.2 Training and Education Services
10.6.3 Consulting Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services
10.10.3 and Insurance (BFSI)
10.10.4 Government and Defense
10.10.5 IT and Telecom
10.10.6 Healthcare and Life Sciences
10.10.7 Manufacturing
10.10.8 Retail
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Support Services
11.6.2 Training and Education Services
11.6.3 Consulting Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services
11.10.3 and Insurance (BFSI)
11.10.4 Government and Defense
11.10.5 IT and Telecom
11.10.6 Healthcare and Life Sciences
11.10.7 Manufacturing
11.10.8 Retail
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Support Services
12.6.2 Training and Education Services
12.6.3 Consulting Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services
12.10.3 and Insurance (BFSI)
12.10.4 Government and Defense
12.10.5 IT and Telecom
12.10.6 Healthcare and Life Sciences
12.10.7 Manufacturing
12.10.8 Retail
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Support Services
13.6.2 Training and Education Services
13.6.3 Consulting Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services
13.10.3 and Insurance (BFSI)
13.10.4 Government and Defense
13.10.5 IT and Telecom
13.10.6 Healthcare and Life Sciences
13.10.7 Manufacturing
13.10.8 Retail
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Application Security Service Market: Competitive Dashboard
14.2 Global Cloud Application Security Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems (US)
14.3.2 Fortinet (US)
14.3.3 Microsoft (US)
14.3.4 Oracle (US)
14.3.5 Palo Alto Networks (US)
14.3.6 Proofpoint (US)
14.3.7 Symantec (US)
14.3.8 Bitglass (US)
14.3.9 CensorNet (UK)
14.3.10 CipherCloud (US)
14.3.11 Netskope (US)
14.3.12 Skyhigh Networks (US)
