According to a recent report generated by Gartner, Cloud-based security services market will reach $4.2 billion by 2016.
It is worth noticing here that almost 10 per cent of overall enterprise product capabilities are likely to be delivered through Cloud.
Eric Ahlm, Research Director, Gartner, said, “Demand remains high from buyers looking to cloud-based security services to address a lack of staff or skills, reduce costs, or comply with security regulations quickly.”
"This shift in buying behaviour from the more traditional on-premises equipment toward cloud-based delivery models offers good opportunities for technology and service providers with cloud delivery capabilities, but those without such capabilities need to act quickly to adapt to this competitive threat," Eric further added.
The report also revealed that Cloud is also driving changes in the market landscape. Enterprises are spending more money on security technology areas including secure email and secure Web gateways, remote vulnerability assessment, and Identity and Access Management (IAM).
