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According to a new report Asia-Pacific Cloud Security Market , published by KBV Research, the Asia-Pacific Cloud Security is expected to grow at a CAGR of 24.5% during the forecast period. The cloud security market would witness unprecedented growth during the forecast period due to factors such as the growing adoption of cloud computing by small and medium enterprises, increasing smartphones adoption growing internet user base, and growing concerns over the security of information and data over the cloud.
Emerging trends and technologies such as Internet of Things (IoT) and Bring-Your-Own Devices (BYOD) and Bring-Your-Own-Application (BYOA) would also drive the adoption of cloud security./ The Asia-Pacific cloud security market is segmented into types, end users, verticals, deployment, and Country. Based on end users, the market is segmented into large enterprises and small & medium enterprises. Large enterprises segment is a dominant segment, due to rapid adoption of cloud services and cloud security services.
The China market dominated the Asia-Pacific Cloud Identity & Access Management Security Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $210.9 million by 2022. The Japan market is expected to witness a CAGR of 24.5% during (2016 - 2022). Additionally, The India market is expected to witness a CAGR of 26.1% during (2016 - 2022).The BFSI market dominated the Asia-Pacific Cloud Security Market by Vertical in 2015, and would continue to be a dominant market till 2022; thereby, growing at a CAGR of 22% during the forecast period.
The Media & Entertainment market is expected to witness a CAGR of 23.2% during (2016 - 2022). The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region. The key influencing factors of the Asia-PacificCloud Security have been discussed in the report along with the elaborated company profiles of IBM Corporation, Check Point Software Technologies, Cisco Systems, Inc., Intel Corporation, HP Enterprise Company, FireEye, Inc. and Sophos Plc.