Forrester Predicts the Cloud Security Market will Grow to $1.5 billion in 5 Years

Yesterday I read a piece  by Brian Prince of eWeek – Cloud Computing to Fuel Security Market, Forrester Says and it caught my attention, as over the past few months, there have been a variety of articles and reports addressing cloud computing and the cloud security market.  The piece highlighted recent findings from a Forrester Research report, Security and The Cloud, that predicted the cloud security market to grow to $1.5 billion in 5 years. In the article, Forrester Analyst Jonathan Penn commented that, “In 2009, the fear was abstract: a general concern as there is with all new technologies when they’re introduced … Today, however, concerns are both more specific and more weighty. We see organizations placing a lot more scrutiny on cloud providers as to their controls and security processes; and they are more likely to defer adoption because of security inadequacies than to go ahead despite them.”

As our own Greg Shapiro pointed out in a recent contributed piece, “How to Move Your Messaging Infrastructure to the Cloud,” published in the eWeek Knowledge Center, enterprises considering the move to the cloud need to evaluate the risks involved in the migration process.  As we move into 2011, this is a topic that will continue to be on the minds of enterprises as they asses the security market moving forward.

We also did a recent post highlighting results from the 8th Annual Global Information Security Survey conducted by CSO, along with CIO and PriceWaterhouseCoopers, that cited that 62% of companies have little to no confidence in their ability to secure any assets put in the cloud.

We’re always open to your thoughts and opinions. Let us know if you agree with the recent reports or if there is another trend that will soon replace the buzz surrounding the cloud.

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