The,Snowden,Effect,still,reduc marketing The 'Snowden Effect' still reducing the confidence in cloud
Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.DCS technologie Awhile ago, I got an email from one of the "gurus" I follow and it shocked me. The gist of it was this person wanted to trade services for a household item.To say it floored me would be an understatement.What was worse was a few days later t
The year 2014 being the 'Year of the breach' with over 43% of companies globally reporting any kind of data breach, the 'Snowden Effect' is still diminishing the business confidence in cloud security. The year 2014 has been a nightmare for many companies who have switched to cloud infrastructure followed by a series of attacks leading to huge losses. The attacks targeted all the industries big or small, like Home Depot's 56 million breached records, Target breach which impacted the sensible credit card data of over 70 million customers, Sony's breach that became a National security issue, JP Morgan security invasion, Dairy Queen's 395 breached records and so on.Traditionally the on-site setup of the security software resulted in the high cost of ownership including hardware, power, space and management. The Cloud Security Software circumvents these expenses as the cloud vendors are responsible for the maintenance, implementation, upgrades, backup and less interference of IT personnel. The mutual agreement between cloud service providers and security solution providers is one key trend upcoming in the market. As the market matures, cloud security is expected to become an integral part of cloud services, which will encourage cloud service providers to partner with security solution providers to provide security software and maintain their competitiveness.The Global Cloud Security Software market is expected to reach $11.3 billion in 2019 which is growing at a Compounded Annual Growth Rate (CAGR) of 39.35% over six year forecast period.More and more SMB’s are moving into cloud technology because of the lower cost of ownership and there are other driving forces to this market like increase in the data breaches in organizations resulting in heavy losses. The security and privacy issues such as ownership of the key management, lack of awareness and Availability of open source security software providers are the restraints to this market.
The,Snowden,Effect,still,reduc