The ongoing investment for cybersecurity will continue to grow as we see new technology emerge that are vulnerable to cyber-attacks. According to the latest worldwide market study by Canalsys, Cybersecurity solutions for public cloud for the sector of “as a service” has gained pace in the first quarter of 2019, the complete number of deployments model is set to grow at 46 percent year on year ratio. The cybersecurity solutions for the business have accounted for 17.6 percent that is greater than the 13.8 percent during the same period just a year ago. Third party solutions or virtual security applications have grown significantly over the course of years that is up by 18.2 percent on an annual basis.
Using the traditional security infrastructure that is driven by legacy hardware and software applications still, are dominating, that represents almost 75 percent of the total market. The legacy technology combination still dominates with, but the growth rate has been slower than transition just over 8 percent. The slowing of the growth is dominated by the cause of technology change as the organizations are moving to the public cloud to protect more data assets and workloads that are located in the public cloud section. Moreover, IT vendors are moving to new ways of doing business with channels and enterprise customers in terms of purchasing, consumption, and servicing that is assisting to simplify the business operations within the given complicated IT environments. The worldwide cybersecurity market is set to reach $9.7 billion according to the latest quarter update that has risen from 14.2 percent from the Q1 in 2018 from $8.5 Billion.
According to the Canalys assessment enterprises IT investment in cybersecurity shows sign of slowing down, the security standard will be immune to the sophisticated challenge of macro-economic and political environment added by Matthew Ball, the principal analyst at Canalys. There is a troubling trend that has raised awareness about the ultimate cost of an inadequate defense to counter the greater online activity, the recent Ransomware attacks have resulted with major organizations that have paid large sums of money to regain their access to data and critical systems back. The growing strength of security strategy across various devices, infrastructure, perimeter, and applications will continue to be critical for the complete inbound solutions. The greater and bigger online threat is appearing in the online arena, and more security startups are all set up to appear in the enterprise infrastructure, adding to already confusing market that is all set to change the industry. Product differentiation will be the key for the business when it came offering customers a choice of deployment models, and simplified licensing will be improved to be important. The challenge for enterprises for both private and public cloud sectors is to create improved pace with the evolving and offering a diverse range of online security threats. Many of the businesses they think that either they are either too small or not high profile according to the business to be targeted, but with recent online solutions, we will see that online hackers will seek to exploit many of the vulnerabilities.
The growing threat landscape is adding to opportunities of the businesses with IT channel partners looking to expand their capabilities that are all set to provide more holistic cybersecurity offering to assess, recommended, deploy, integrate and manage multiple vendor solutions and services to incorporate several of the deployment models. The overall growth in the channel represents 92.3 percent of the cybersecurity solutions that add to shipment value for the first quarter of 2019.
Cyber-attacks affecting cloud
Cyber-attacks such as WannaCry/NotPetya pandemic over last two years have seen exponential growth, as the ransomware attacks are often launched by sophisticated attackers or sometimes by the state-sponsored that can easily disable to traditional security systems. The modern-day attackers are cyber spies that use over the hands of traditional and legacy security using the traditional espionage tactics that is together combined with innovative and disruptive malware to bypass the passive, defense based security measures. To defeat such attacks that take the option of traditional infrastructure, the business must look for solutions that analyze the security of the attackers profile and predict the threats of any visiting user.
To predict and avoid such attacks in the real-time, Cyber security solutions have moved to the cloud. It can leverage the big data and instant analytics over the swath of end users that can instantly address the many known threats and predicts several of the threats before they even arrive doorstep. Cloud security must create a collaborative approach towards analyzing the event streams of normal and abnormal activity across all users that are set to build a global threat monitoring system. Many users will use the collaborative environment that can directly predict the threat throughout the world without monitoring the systems and share threats with other users.
Predictive security solutions in the cloud are providing innovative security in a complete manner that set to prevent cyber security attacks. The technology collects and analyses unfilleted endpoint data using the power of the cloud to make more predictions about different types of attacks to protect against the attacks of the future and fights all the unknown attacks. It means that predictive security in the cloud can identify the attacks that other endpoint security solutions actually miss, providing a complete exponential idea for different types of attacks that might take place. Cyber-attacks reply on the stealth type of attack that is all set to disrupt, destroy cloud, and steal the business data. Predictive security in the cloud works like a counterintelligence assistant that hunts down the attackers that are coming as users.
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