LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cloud security solutions market and it is poised to grow by USD 7.87 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Cloud Security Solutions Market Download free sample report
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Akamai Technologies Inc., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Imperva Inc., International Business Machines Corp., McAfee LLC, Sophos Ltd., and Trend Micro Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The low cost of ownership has been instrumental in driving the growth of the market. However, security risks associated with cloud offerings might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/cloud-security-solutions-market-industry-analysis
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