Cloud Security Market: Security Concerns Rise Amid Growing BYOD and Flexible Operations Environments
With the increasing adoption of cloud-based services by businesses, competition in the global cloud security market is likely to further intensify, states Transparency Market Research (TMR) in a new report. Key players in the cloud security market are expanding their product and service offerings to stay competitive. Savvy players are also focused on inorganic growth route such as M&As and strategic collaborations to consolidate their position. For example, in 2014, Trustwave Inc. took over Cenzic Inc. in a bid to expand its cloud security services. Further, in 2015, the company acquired Singapore Telecommunications Limited to expand its service offerings. Top companies operating in the global cloud security market include Symantec Corporation, CA Technologies Inc., IBM Corporation, Trend Micro Inc., and Intel Security Group (McAfee Inc.) Transparency Market Research, in one of its research publications predicts the global cloud security market to display a bri...