Gartner Revise Cloud Security Services Value

News Article - Tuesday, 12 November 2013 11:15

By: Kerry Butters Category: Hosting

The forecasted value of the security services market for the cloud-based security services sector has been revised upwards by researchers at Gartner. This year should see the market value rising to $2.1bn and it’s expected that this will rise to $3.1bn by 2015.

According to many reports, this is due to the need for stronger encryption to be implemented amid fears over the recent NSA scandal. However, this appears to be based on a "quip” made by Gartner managing vice-president F Christian Byrnes, rather than the official Gartner release on the market sector.

"The cloud-based security market remains a viable one, offering providers many opportunities for expansion," said Ruggero Contu, research director at Gartner.

"Encryption will be a new area of growth, but it remains a complex activity. The strongest interest will be in encryption products from cloud security brokers, which are relatively easy to deploy and have options for on-premises encryption management."

It’s thought that the three top products in the cloud security services sector will continue to be email, web and IAM (Identity and access management) security, although it’s thought that the highest growth will be in "cloud-based tokenisation and encryption, security information and event management (SIEM), vulnerability assessment and web application firewalls.”

SaaS services continue to be the most popular new cloud adoption, alongside MMS (managed security services), the latter of which is proving to be driving cloud adoption in general.

"The benefits of deploying cloud-based security services are clear," said Mr Kavanagh. "Aside from the broad area of IAM, specific controls, such as encryption, are becoming vital to the adoption of cloud computing. They are further helping to generate interest in this particular form of security service delivery," Gartner said.

This means that cloud-based security-as-a-service will increase due to enterprises becoming more experienced thanks to the popularity of SaaS and trends such as BYOD. This is expected to boost the growth of the cloud security services sector which will be initially aimed at SMBs and will be available from larger service providers.

"Although organizations' interest in encryption is expected to grow, service providers' relative lack of interest in cloud-based encryption means it has remained a complex activity, requiring organizations to initiate complex, build-your-own deployments," said Mr Contu.

"The strongest interest is in encryption products from cloud security brokers, thanks to their relative ease of deployment and their options for on-premises encryption management. Nevertheless, Gartner expects cloud hosting providers and IaaS providers to show an increased interest in cloud-based encryption capabilities."

As the overall cloud market matures across the globe, it’s expected that the demand from security services will continue to grow.

Additional information is available in the report Market Trends: Cloud-Based Security Services Market, Worldwide, 2014, which can be found on Gartner’s website

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