Gartner: Cloud-based mostly safety providers market to hit virtually $9bn by 2020

Gartner has predicted the worldwide cloud-based mostly safety providers market will hit $5.9 billion this yr, saying the phase’s progress will ‘stay robust’.

The analyst agency checked out quite a lot of segments, with id and entry administration (IAM), id as a service (IDaaS) and consumer authentication remaining the most important class. Gartner predicts this space to comprise $2.1bn, or 35.6% of the general market, this yr, going as much as $three.42bn, or 38.three% of the general $eight.92bn market by 2020.

Safe e mail gateway ($702m) and safe net gateway ($707m) have been the subsequent largest classes, with the latter anticipating to outstrip the previous to the tune of just about $100m by 2020. Software safety testing, at virtually $400m ($397.3m) this yr, leads the remaining classes, forward of safety info and occasion administration (SIEM) at $359m and distant vulnerability evaluation at $250m. Different cloud-based mostly safety providers amounted to $1.3bn.

The announcement, which occurred in the course of the Gartner Safety & Danger Administration Summit this week, additionally examined the panorama for companies of various sizes. SMBs are driving progress as they turn out to be extra conscious of safety threats, whereas enterprises are additionally on board as they realise the operational advantages derived from a cloud-based mostly safety supply mannequin.

“Cloud-based mostly supply fashions will stay a well-liked selection for safety practices, with deployment increasing additional to controls, akin to cloud-based mostly sandboxing and WAFs (net software firewalls),” stated Ruggero Contu, analysis director at Gartner.

“The power to leverage safety controls which might be delivered, up to date and managed by means of the cloud – and subsequently require much less time-consuming and dear implementations and upkeep actions – is of serious worth to enterprises,” Contu added.

This enhances a report issued by fellow analyst agency Forrester Analysis earlier this month, which stated cloud safety spending would hit $three.5 billion by 2021 at a 28% annual progress fee.

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