The Market for MSPs and Cloud Security

For those of you still uncertain about whether an investment in cloud security is worth it, then this article is for you. Forrester Research just issued a report that cloud security spending would reach $3.5 billion in spending by 2021. This represents a CAGR of 28%!

Getting specific as to where this spending would likely occur, the report offers the following:

  • cloud security gateways - $1.6 billion
  • IaaS - $1.1 billion
  • hypervisor security - $.5 billion
  • centralized cloud workload security management - $.3 billion

The report further states that previously cloud averse industries like financial services may be warming to the notion of using cloud, hence the need to secure it before this adoption takes place.

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