The Global Cloud Security Market Report scrutinizes the market by key industry peers, describe to define and analyses opportunities, trend and growth value.
Global “Cloud Security Market” (2022-2027) Research report delivers comprehensive analysis future forecast, growth opportunity, key market and key players like: Trend Micro, Inc., Imperva, Inc., … Moreover, provides a brief overview of the market focusing on definitions, classifications, product specifications, manufacturing processes, cost structures, market segmentation, end-use applications and industry chain analysis.
The cloud security market in retail is expected to register a CAGR of 27.8% over the forecast period 2021-2027. According to the 2018 Cost of a Data Breach Study by Ponemon Institute, the average cost of a data breach is USD 3.86 million, which is a 6.4% increase on the 2017 cost of USD 3.62 million. To counter the same, investment in cloud security solutions in retail is increasing.
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Company Coverage: –
– Trend Micro, Inc.
– Imperva, Inc.
– Symantec Corporation
– IBM Corporation
– Cisco Systems, Inc.
– Fortinet, Inc.
– Sophos, PLC
– Mcafee LLC
– Qualys, Inc.
– CA Technologies
– Check Point Software Technologies Ltd
– Computer Science Corporation (CSC)
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Market Players Competitor Analysis:
– Growing threats of cyber attacks are augmenting market growth. According to latest report by Thales eSecurity, half of U.S. retailers were breached in the past year, well above the 27% global average for retailers. Most of the login attempts made on online retailers’ websites are hackers using stolen data.
– Migration of retail decision processes from on-premise to cloud is a challenge since most of the processes like merchandise management and accounting are supported by on-premise solutions. Retailers should focus on new events like customer information storage or customer buying pattern that could be transferred to the cloud. For the old events, a more intelligent ERP system could be developed which enables the retail functions to scale as needed.
Scope of the Report
Retailers want to enable a seamless customer experience and ensure staying away from the security breach headlines, hence, they are adopting cloud applications to balance efficiency and security. It helps them to maximize shareholder value, streamline their business operations, and effectively address customer expectations.
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Key Market Trends
Intrusion Detection and Prevention to Register a Significant Growth
– An Intrusion Detection and Prevention Software (IDPS) monitors network traffic for signs of a possible attack. When it detects potentially dangerous activity, it takes action to stop the attack. Often this takes the form of dropping malicious packets, blocking network traffic or resetting connections. The IDPS also usually sends an alert to security administrators about the potential malicious activity.
– The two main contributors to the successful deployment and operation of an IDS or IPS are the deployed signatures and the network traffic that flows through it.
– According to Insider Threat 2018 report, most insider exploits are detected through IDPS. This indicates the popularity of IDPS and why majority of the vendors are offering this service.
Asia-Pacific to Witness the Highest Growth
– Asia is a major player in the changing retail landscape due to rise in e-commerce startups. China leads the e-commerce market with Alibaba recently opening a pop-up store in Australia and reflecting the ‘phygital’ trend towards digitally-enhanced offline experiences.
– Offline retail is also gaining popularity. According to the International Labour Organization (ILO), it employs an aggregate of 44.6 million workers, which represents 16 percent of the region’s total employment.
– Kroger and Microsoft announced a collaboration in January 2021 to redefine the customer experience using Kroger Technology products powered by Microsoft Azure, the retailer’s preferred cloud platform for Retail as a Service (RaaS).
– To retain the data authenticity generated by retail industry (for instance, customer shopping data for personalization), move towards cloud and hence its security is of utmost importance.
Competitive Landscape
The market for cloud security in retail is fragmented due to the rise in concerns regarding cyber attacks. Many companies are expanding their services to cater to online and offline stores.
– May 2021 – Trend Micro extended the reach of its container security offerings which will inspect all lateral and horizontal traffic movement between containers and platform layers It has added support for scanning of images prior to being loaded into a container registry.
– February 2021 – Together, Imperva and Prevoty announced to create a consolidated, comprehensive platform for application and data security. The combination of Imperva and RASP (Prevoty’s flagship product) extends customers’ visibility into how applications behave and how users interact with sensitive information.
– February 2021 – Announced Email Fraud Protection, an automated solution that helps organizations block fraudulent emails from reaching enterprises, ensuring complete brand reputation and sender trust.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growing Threats of Cyber Attacks are Augmenting Market Growth
4.4 Market Restraints
4.4.1 Migration of Retail Processes from On-Premise to Cloud is a Major Challenge
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Solution
5.1.1 Identity and Access Management
5.1.2 Data Loss Prevention
5.1.3 Intrusion Detection and Prevention
5.1.4 Security Information and Event Management
5.1.5 Encryption
5.2 By Security
5.2.1 Application Security
5.2.2 Database Security
5.2.3 Endpoint Security
5.2.4 Network Security
5.2.5 Web and Email Security
5.3 By Deployment Mode
5.3.1 Private
5.3.2 Hybrid
5.3.3 Public
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Trend Micro, Inc.
6.1.2 Imperva, Inc.
6.1.3 Symantec Corporation
6.1.4 IBM Corporation
6.1.5 Cisco Systems, Inc.
6.1.6 Fortinet, Inc.
6.1.7 Sophos, PLC
6.1.8 Mcafee LLC
6.1.9 Qualys, Inc.
6.1.10 CA Technologies
6.1.11 Check Point Software Technologies Ltd
6.1.12 Computer Science Corporation (CSC)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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