Forrester estimates that global cloud services revenues totaled $114 billion in 2016, up from $68 billion just two years ago — or annual growth of 30 percent. With the public cloud services market expected to reach $236 billion by 2020, what does this mean for cloud security?
- This rapid shift to the cloud raises new issues and challenges for security and risk professionals. Traditional perimeter-based security tools do little to protect cloud workloads. Securing data and applications that reside in the cloud is increasingly critical as more mission-critical apps, high-value data, and intellectual property move to the cloud.
- Cloud security solutions are quickly evolving to meet these challenges. Forrester’s newly published cloud security solutions forecast shows that we expect spending on global cloud security solutions to reach $3.5 billion by 2021 — an annual growth rate of 28 percent over the next five years. In the forecast, we examine four types of cloud security solutions: Cloud security gateways; centralized cloud security management; hypervisor security; and native infrastructure-as-a-service/platform-as-a-service security.