3 Factors to Consider in Choosing a Cloud Security Provider

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Both the private and public sector have come to rely on technology in an unprecedented manner. As more and more people participate in the digital sphere, the risk associated with cybersecurity also increases. This is where the role of Cloud Security software becomes paramount. As the digitization of daily life continues, the server security realities like cyber-attack, hacks, and data privacy hang over our heads.

For those interested in cloud data services, it’s important to know that the technology – while constantly developing – isn’t new. The Cloud Security system is in a constant state of progress wherein more and more features are being added to combat the various cyber threats.

This rate of software advancement and evolution has propelled countless companies to move to Cloud Security software to meet their data safety needs. Bain & Company has reported that the market revenue of Global Cloud IT is forecasted to reach an estimated value of $390B in 2020, reflecting a compound annual growth rate (CAGR) of 17 percent.. Similarly, analyst firm Forrester has estimated that the worldwide cloud computing market will grow to $191 billion by 2020, up from $91 billion in 2015.

Cloud computing and cloud storage enable people to digitally store their data in Cloud computing security software. This refers to various technologies, policies, controls and features which are utilized to protect data, standards, processes, privacy, applications and other elements associated with the cloud computing infrastructure.

Cloud Security Software Providers

Gone are the days where the cloud is merely a personal storage solution; it has become an organizational data bank that stores and allows for easy retrieval of big data. To understand in numbers the speed of growth of the software-as-a-service industry, the IDC research firm forecasted that almost 30 percent of the global enterprise application market will be SaaS-based by 2018. This will also translate to a rise in yearly SaaS revenue to $50.8 billion, from 22.6 billion in 2013.

As IT systems continue to be outsourced, it can be seen that the industry is booming with the digital software service arena rapidly expanding. Even though cloud computing storage solutions have reaped significant benefits of businesses, other organizations remain hesitant when it comes to transitioning to the cloud due to various reasons, ranging from investment cost, security threats, to oftentimes, misconceptions.

A firm looking for a solution for their Cloud Security needs to really scrutinize the various providers offering their services. Here we’ve narrowed down key factors to three critical considerations:

  1. Security of Data: Data breaches, hacking, assault, and attacks are becoming more and more common. The level of protection a service provider offers is the meat of the partnership you have. Assess and understand your specific security requirements and make sure to validate whether the provider’s cloud architecture is compliant with industry regulations and standards.
  2. Price: At the end of the day, businesses must ensure that its daily operations are optimal with limited to no wasted financial resources. Pricing for cloud computing software services vary significantly and would also depend on your company’s needs. Before settling on a firm, request for detailed pricing structures so you can evaluate where you’d get the most bang for your buck. Other related areas you’d need to look at include a provider’s capacity for expansion and whether the system would be able to grow with you and your business.
  3. Manageability: What good is Cloud Security software – or any software for that matter – if it is too difficult to manage by your in-house experts. Take the time to refer to your IT focal if the service is harmonized with the orchestra of tools/ systems you currently employ. Integration is vital to ensure that you and your team are able to fully control the system and it offers the level of utilization that would make it worthwhile.

These considerations are critical elements that organizations need to consider before choosing a Cloud Security software provider. With the right system, your company could experience better performance, industry integrity, and both employee and customer satisfaction.

The choice to utilize Cloud Security software is no longer a matter of if; it’s not a matter of when and with whom. This is precisely why visionary business and IT executives have expanded their perspective on cloud systems – cloud serves aren’t just a mere tool, rather, they are organizational resources that can be used to achieve business goals.

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