Cloud Security Gateway Market Size, Share & Industry Analysis, By Type (Web Security Gateways, Email Security Gateways, Encryption Gateways, Application Security Gateways, Network Security Gateways, Others), By Deployment (On-premises, Cloud), By Industry (Healthcare, Retail, Automotive, BFSI, IT & Telecom, Manufacturing) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Cloud security gateway offers a secured connection between on-premises and cloud networks. It provides secured service policies that offer threat protection and control of user’s and enterprises' data. The enterprise management can control and check the cloud service usage with gateways applications such as authentication, single sign-on, authorization, security token mapping, encryption, and more. Increasing the adoption of cloud-based services will boost the adoption of cloud security gateways. Also, the increasing concerns of data security and privacy over the cloud are likely to boost the cloud security gateway market.
The industries such as BFSI, government, healthcare, among others are undergoing digital transformation. These industries have confidential information and need to provide data security to maintain a trusted customer relationship. This is expected to lift the implementation of security gateway solutions. Similarly, the bring your own device policy is increasing the risk of internal attacks. The cloud security gateway keeps the track of user cloud activity and behavior to trace the internal data breaching activity. This is likely to boost market.
Key Market Driver -
• Increasing cloud-based cyber-attacks is likely to drive the market growth
Key Market Restraint -
• High investment cost is likely to hamper the market growth
Key Players Covered:
Some of the solution providers in the cloud security gateway market are FireLayers, Fortinet, Cisco Systems, Huawei Technologies, Bitglass, Inc., Perspecsys, Oracle Corporation, McAfee LLC, Checkpoint Systems, Inc. Managed Methods, Nevales, Palo Alto Networks, Inc., AT&T Inc., CipherCloud, Cisco Systems, Netskope, Inc., Forcepoint LLC, Symantec Corporation, Microsoft Corporation among others. The companies are offering a new cloud security solution for the work from home environments. Also, by strategic partnership or acquisition, the companies are keen in offering innovative cloud security solutions.
Regional Analysis
North America is expected to gain maximum market share during the forecast period. The adoption of cloud computing and digitalization solutions is driving the market in the region. The US is witnessing the ever-growing demand for cloud computing. The US is expected to gain traction owing to the rapid adoption of cloud-based solutions. According to the 2019 report of Gartner, by 2022 in US 14% of IT spending accounted for cloud-based services, this will likely drive the adoption of cloud security gateways in the near future. Europe is anticipated to gain traction as enterprises are shifting to cloud solutions. UK, Germany, and the Netherlands are the early adopters of data center and are expected to adopt cloud pay per use model owing to its flexibility. According to the UK’s government report, in 2019 32% of UK businesses witness cyber-attacks owing to the increasing cloud deployments.
Asia Pacific is witnessing the rapid emergence of industries and enterprises. The enterprises in the region are highly adopting cloud-based services owing to its high competencies. China with the dominance of Alibaba Cloud and Tencent Cloud presence is expected to be leading in adopting cloud-based services. This is expected to witness the increasing risk of cloud attacks. Japan and India are steadily adopting cloud services and security. Further, Latin America and Middle East and Africa are steadily investing in cloud security solutions.
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Segmentation
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Key Industry Developments
- July 2020 – Forcepoint LLC launched cloud-native Dynamic Edge Protection suite designed for enterprise security from work from home policy. The suite architecture includes cloud security gateway and private access capabilities.
- June 2020 – Netskope, Inc. in collaboration with Proofpoint and CrowdStrike has announced the launch of zero trust security strategy. The collaboration aims to achieve cloud security in today’s remote environment and digitalization.
- Ongoing
- 2023
- 2019-2022
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