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Gartner UK Ltd

Gartner Forecasts Worldwide Cloud-Based Security Services to Grow 21 Per Cent in 2017

Cloud-Based Security Services Will Be Worth $9 Billion in 2020

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Growth in worldwide cloud-based security services will remain strong, reaching $5.9 billion in 2017, up 21 per cent from 2016, according to Gartner, Inc. 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 (see Table 1).

Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place in the US this week.

SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments.

"Email security, web security and identity and access management (IAM) remain organisations' top-three cloud priorities," said Ruggero Contu, research director at Gartner. Mainstream services that address these priorities, including security information and event management (SIEM) and IAM, and emerging services offer the most significant growth potential. 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).

Increasing security threats, operational and cost benefits and staffing pressure drive market growth.

Small and midsize businesses (SMBs) are driving growth 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 centre 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 organisations that lack staffing resources," said Mr Contu.

The enterprise sector is also driving growth as they realise 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% 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.

Cloud-based security services market growth presents opportunities and challenges for providers.

"On the one hand, new greenfield demand arising from emerging requirements from SMBs is driving growth. On the other hand, new competitive dynamics and alternative pricing practices threaten traditional business models," said Mr Contu. Providers need to adapt to the shift from an on-premises to a cloud-delivery business model. "Overall, one of the main focus areas for providers relates to the shift from owning and selling a product, to selling and supporting ongoing service delivery."

Visit the Gartner Digital Risk & Security hub for complimentary research and webinars.

Gartner clients can learn more about the cloud-based security services market in Market Trends: Global Demand for Cloud-Based Security Is Growing Through 2020.

Gartner analysts will provide additional analysis on IT security trends at the Gartner Security & Risk Management Summits 2017 taking place in Tokyo; Mumbai, India; Sao Paulo; Sydney; London; and Dubai. Follow news and updates from the events on Twitter at #GartnerSEC. 

Gartner UK Ltd

Gartner, Inc. (NYSE: IT) is the world's leading research and advisory company. The company helps business leaders across all major functions in every industry and enterprise size with the objective insights they need to make the right decisions. Gartner's comprehensive suite of services delivers strategic advice and proven best practices to help clients succeed in their mission-critical priorities. Gartner is headquartered in Stamford, Connecticut, USA, and has more than 13,000 associates serving clients in 11,000 enterprises in 100 countries. For more information, visit gartner.com.

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.