Worldwide cloud-based security services to grow 21 percent in 2017

Growth in worldwide cloud-based security services will remain strong, reaching $5.9 billion in 2017, according to Gartner. This is up 21 percent from 2016. Overall growth in the cloud-based security services market is above that of the total information security market. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020.

"Email security, web security and identity and access management (IAM) remain organizations' top-three cloud priorities," said Ruggero Contu, research director at Gartner. Gartner expects organizations to invest in mainstream services that address these priorities, including security information and event management (SIEM) and IAM, and emerging services. Emerging offerings are among the fastest-growing segments and include threat intelligence enablement, cloud-based malware sandboxes, cloud-based data encryption, endpoint protection management, threat intelligence and web application firewalls (WAFs).

Table 1: Worldwide Cloud-Based Security Services Forecast by Segment (Millions of Dollars)

IDaaS = identity and access management as a service

Note: Numbers may not add to totals shown due to rounding.

Source: Gartner (June 2017)

Increasing security threats
Small and midsize businesses (SMBs) are increasing their investments in security as they are becoming increasingly aware of security threats. They are also seeing that cloud deployments provide opportunities to reduce costs, especially for powering and cooling hardware-based security equipment and data center floor space. "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," said Mr. Contu.

The enterprise sector is also increasing its budget for security solutions as they realize the operational benefits derived from a cloud-based security delivery model. "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 Mr. Contu. According to a global survey conducted by Gartner at the beginning of 2016, public cloud will be the prime delivery model for more than 60 percent of security applications by the end of 2017.

"The ability to leverage security controls that are delivered, updated and managed through the cloud — and therefore require less time-consuming and costly implementations and maintenance activities — is of significant value to enterprises," said Mr. Contu.

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