According to a study the rising number of cloud-specific security attacks are likely to propel the demand for cloud security systems to 20 percent CAGR over the next four years.
Adoption of cloud computing services has risen and so have the security risks associated with them. According to a study published by Technavio Research, the rising number of cloud-specific security attacks are likely to propel the demand for cloud security systems over the next few years. Growth has been pegged at 20 percent CAGR over the next four years. According to the study, the usage of cloud-based services require users to reveal their credentials and this is a system prone to identity theft. The study predicts the dominance of American customers (which is at 51 percent at the moment) do decline by 2020 due to saturation in the market.