Cloud Security Market Is is expected to grow At 17 % CAGR from 2022 to 2029. It Is to reach above USD 87.82 billion by 2029
LUTON, BEDFORDSHIRE, UNITED KINGDOM, November 20, 2023 /EINPresswire.com/ — Exactitude Consultancy has recently published a market research report namely Cloud Security Market that contains important statistical and analytical data spread through the entirety of the report and includes contents related to the industry. The report covers an overview of the segments and sub-segmentations including the product types, applications, companies, and regions. The report reveals the dynamics of the global Cloud Security market, future business impact, competition landscape of the companies, and the flow of the global supply and consumption. The study document is expressed with the aim to help the reader gain a better understanding of the workings of the global Cloud Security market industry.
The Cloud Security Market Is Expected to Grow At 17 % CAGR From 2022 To 2029. It Is Expected to Reach Above USD 87.82 Billion By 2029 From USD 21.69 Billion In 2020.
Certainly, here’s a top-level view document on the Cloud Security Market:
The rapid migration of corporations to cloud-primarily based offerings has multiplied the significance of strong safety features. The Cloud Security marketplace, a vital aspect of the wider cybersecurity sector, has witnessed exponential increase, driven by the escalating call for shielding sensitive statistics and virtual assets in cloud environments.
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Cloud Security Market Key Players:
Microsoft Corporation, Cisco Systems Inc., Trend Micro Inc., McAfee Corp., Qualys Inc., Amazon Web Services Inc., Broadcom Inc., Checkpoint Software Technologies Ltd., IBM Corporation, Forcepoint LLC, Palo Alto Networks Inc., Intel Security, Aqua Security, Tenable Inc., and Accenture is the major Cloud Security Market.
25 January, 2023: Microsoft Corporation partnered with Quells, a global solar leader, to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services.
14 December, 2022: Microsoft Corporation and Viasat announced a partnership to help deliver internet access to 10 million people around the globe.
Cloud Security Market Regional Analysis
The Cloud Security Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
North America: includes the US, Canada, Mexico
Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
South America: includes Brazil, Argentina, and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
North America’s market is expected to become dominant in the coming years. The regional IT sector’s high capital expenditures have created a large platform for the businesses operating in this region. Increased investments in software R&D have resulted in increased adoption of cloud-based platforms. Furthermore, the presence of numerous IT corporations, particularly in the United States, will contribute to the expansion of the regional market. The Cloud Security market in North America was worth USD 188.3 million in 2019, and this figure is expected to rise significantly in the coming years.
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Key Market Segments: Cloud Security Market
Cloud Security Market by Security Type, 2020-2029, (USD Billion)
• Application Security
• Network Security
• Endpoint Security
• Database Security
Cloud Security Market by Service Type, 2020-2029, (USD Billion)
• Visibility & Risk Assessment
• User & Data Governance
• Activity Monitoring & Analytics
• Threat Protection & Remediation/Mitigation
Cloud Security Market by Service Model, 2020-2029, (USD Billion)
• Infrastructure-As-A-Service (Iaas)
• Platform-As-A-Service (Paas)
• Software-As-A-Service (Saas)
Cloud Security Market By Development Type, 2020-2029, (USD Billion)
• Public Cloud
• Private Cloud
• Hybrid Cloud
Cloud Security Market by Development Type, 2020-2029, (USD Billion)
• Small And Medium Enterprises (Smes)
• Large Enterprises
Cloud Security Market by End User, 2020-2029, (USD Billion)
• It & Ites
• Healthcare & Life Sciences
The Cloud Security Market encompasses a spectrum of answers and services designed to protect cloud-based totally infrastructures, applications, and information from cyber threats, unauthorized get entry to, statistics breaches, and other vulnerabilities. This marketplace is fuelled through the increasing adoption of cloud computing throughout industries, consisting of healthcare, finance, authorities, and greater.
Digital Transformation Initiatives: Businesses international are present process virtual transformation, migrating their operations to cloud systems for scalability, agility, and cost-efficiency. This transition propels the demand for robust safety answers tailored to cloud environments.
Heightened Cyber Threats: The evolving threat landscape poses tremendous demanding situations. Cyberattacks, which include ransomware, phishing, and DDoS attacks, are getting extra sophisticated, compelling organizations to put money into superior security features.
Stringent Regulatory Requirements: Compliance policies, along with GDPR, HIPAA, and others, mandate stringent facts safety measures. This regulatory panorama fuels the adoption of cloud protection solutions to ensure adherence to compliance standards.
Despite the market’s increase, challenges persist. Issues associated with information privacy, compliance complexities throughout borders, security skill shortages, and the fast evolution of cyber threats hold to pose hurdles for organizations aiming to support their cloud-primarily based operations.
Anticipated tendencies in the Cloud Security Market encompass the rise of AI and device mastering-powered safety solutions, Zero Trust architectures, expanded recognition on box and serverless safety, and the fusion of safety with DevOps (DevSecOps) to embed security into the development lifecycle.
The Cloud Security Market is poised for substantial increase, driven by way of the escalating want for strong security features inside the hastily expanding cloud environment. Continual innovation, collaboration amongst industry gamers, and a proactive method to cope with emerging threats will be pivotal in shaping the future of cloud protection.
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