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Worldwide Information Security and Risk Management market revenue is predicted to reach $186.2B by 2024, with Cloud Security growing at a 33% Compound Annual Growth Rate (CAGR) between 2019 and 2024 according to Gartner.
- According to Gartner, there’s been a noticeable acceleration in clients purchasing SaaS-based Identity Access Management (IAM) and Identity Security and Administration (IGA) systems this year.
- Gartner cautions clients to beware of slideware and marketectures in the Secure Access Service Edge (SASE) market as vendors rush new solutions to market that don’t reflect a true cloud-based delivery-as-a-service model.
- The Gartner 4Q19 security spend forecast predicts spending on Cloud Access Security Broker (CASB) solutions will grow 45.3% in 2020, 40.7% in 2021, 36.7% in 2022 and 33.2% in 2023, outpacing all other information security markets.
- Three technologies have been removed from this year’s Hype Cycle, including Virtual Machine (VM) backup and recovery, Identity Proofing and Corroboration and IaaS Volume Encryption.
These and many other new insights are from the Gartner Hype Cycle for Cloud Security, 2020, published on July 17 of this year with the graphic provided in their recent article Top Actions From Gartner Hype Cycle for Cloud Security, 2020. Gartner declares that public cloud computing platforms have proven battle-ready by supporting unplanned, unexpected workloads from enterprises during the pandemic.
Details of What’s In Gartner’s Hype Cycle for Cloud Security 2020
- Cloud Infrastructure Entitlements Management (CIEM) is on the Gartner Hype Cycle for Cloud Security for the first time this year. Gartner defines Cloud Infrastructure Entitlement Management (CIEM) as specialized identity-centric SaaS solutions focused on managing cloud access risk via administration-time controls for managing entitlements and data governance in hybrid and multicloud IaaS architectures. CIEMs often rely on analytics, machine learning (ML) and advanced statistical techniques to detect anomalies in account entitlements. An example of this would be the accumulation of privileges that are dormant or not used over time. CIEM relies on a least-privilege approach to governance and compliance. Gartner predicts CIEM will continue to offer significant advantages over proprietary Cloud Infrastructure and Platform Services (CIPS) embedded technologies for governance of identity entitlements. Active vendors in this area include Authomize, Britive, CloudKnox Security, Ermetic, Obsidian Security, Polyrize, SailPoint, Saviynt and Sonraí Security.