Adjusting To The New Normal
An increasing number of security breaches and cyberattacks coupled with a mandate to follow regulatory and data protection laws are expected to contribute to stratospheric growth in the cloud security space coming out of COVID-19. The widespread shift to work from home has driven rapid adoption of cloud solutions, creating the need for security measures that protect against cyberattacks.
Data stored in cloud servers is more vulnerable to cyberattacks than data stored in organization servers, and the decision by SMBs to shift data onto cloud servers has led to a larger attack surface for hackers. And governments around the world are investing in cloud computing delivery models and are working with the private sector to promote projects like smart city initiatives and smart transportation projects.
The global cloud security market is expected to achieve a compound annual growth rate (CAGR) of 14.7 percent over the next decade, going from $34.5 billion in 2020 to $68.5 billion in 2025, according to MarketsandMarkets. Asia-Pacific is expected to register the highest growth rate as SMBs in places like Australia, South Korea and Japan rapidly adopt cloud-based solutions to manage their enterprise data.
As part of CRN’s annual Cloud 100 list, here’s a look at 20 cloud security vendors that have taken on the management, segmentation, compliance and governance challenges in the space.