Locks and Security News: your weekly locks and security industry newsletter
16th October 2019 Issue no. 479
Your industry news - first
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Cloud security market to be worth $12 billion by 2022, here's why
A recent study performed by Transparency Market Research (TMR) projects that the global cloud security market will grow to a valuation of $11.8 billion by the year 2022. To put that into perspective, in 2014 TMR put the value of that same market at $4.5 billion.
The report, officially titled Cloud Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2022, was officially released on Thursday. In the report, TMR predicts that the cloud security industry is due to experience a 12.8% compound annual growth rate (CAGR) between 2015 and 2022.
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