According to Zion Market Research, the cloud security market will reach $9.8 billion by 2020, growing at an overall CAGR of 12 percent. The market is split into three segments: public cloud, private cloud and hybrid cloud security.
Many enterprises and applications rely on cloud storage for its efficiency and ability to host more data than traditional technology storage methods. While cloud storage is more efficient, there are many reservations about the overall security of the cloud.
Cloud security is not only a growing concern in IT, but in mobile as well. A recent study revealed more than 60 percent of enterprise IT professionals answered cloud computing and data security were the top priorities of 2017 mobility.
With cloud computing’s rapid adoption, the need for high-grade cloud security is no secret. As more enterprises, consumers and apps utilize cloud computing to streamline services and efficiency, more will invest in top-notch cloud security solutions.