Cloud
Recent research into the cloud security market that is expected to reach US$ 11.84 billion and CAGR of 12.8% by 2022 just published - WhaTech
Reported by whatech.com
The rising incidence of unethical attempts to access crucial data of various organizations has triggered the demand for cloud security in the global arena. In 2014, the global cloud security market stood at US$4.50 billion.
However, backed by the flexibility in management of cloud security solutions, the market is anticipated to register a rise at a 12.8% CAGR between 2015 and 2022 and to be valued at US$11.84 billion by 2022. The increase in the demand for cloud computing from small and medium sized businesses is also projected to drive the market for cloud security.