One of the long-time concerns companies have had about the cloud is the security risk of putting data into a shared environment managed by a service provider. So it’s interesting that one of the growing segments of the market is cloud-based security services. New research from Gartner Inc. says the cloud-based security services market will be worth $2.1 billion in 2013, rising to $3.1 billion in 2015. The firm says growth in cloud-based security will remain strong.
“Encryption will be a new area of growth, but it remains a complex activity,” Ruggero Contu, research director at Gartner, said in a statement. “The strongest interest will be in encryption products from cloud security brokers, which are relatively easy to deploy and have options for on-premises encryption management."
Gartner predicts that the top three most sought-after cloud services will remain email security, Web security services and identity and access management. However, in 2013 and 2014, the highest growth is forecast for cloud-based tokenisation and encryption, security information and event management, vulnerability assessment and Web application firewalls.
Overall adoption of software-as-a-service applications and other cloud-based services encourages organizations to adopt cloud-based security controls, Gartner says. These are delivered either as standalone features or as part of an integrated SaaS package.
Managed security services are also driving adoption of cloud-based security services among enterprises, the firm notes. MSS delivery models are in turn being affected by demand for cloud-based security services, which is enabling security providers to become de facto MSS players.
"The benefits of deploying cloud-based security services are clear," Kelly Kavanagh, principal research analyst at Gartner, said in a statement. "Aside from the broad area of IAM, specific controls, such as encryption, are becoming vital to the adoption of cloud computing."
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access