Cloud Security Market, By Type (Cloud Identity and Access Management, Data Loss Prevention, Email & Web Security, Cloud Database Security, Network Security, Cloud Encryption,), By End User (Large-scale enterprise, Small & medium enterprise,), By Deployment (Public, Private, Hybrid), By Vertical (Healthcare, BFSI, IT & Telecom, Government Agencies, Retail, Others) By Region – Global Analysis Forecast Till 2030

The Global Cloud Security Market size is to Witness exponential growth at a CAGR of 10.2% and is expected to surpass USD 484.15 Billion by 2030

The critical need for cloud computing by businesses and the population will probably fuel market growth. With the rise of online breaches and technical attacks, security maintenance has become a focused objective. Therefore, businesses need to take precautionary measures before cyber risks occur. Recent statistics show that some organizations are using cloud-based security solutions. About 90% of enterprises are deploying cloud-based services. Although only recognizing 12-tone music in the IT sector of the world, the General Knowledge Protection Regulation (GDPR) may affect cloud services. 76 IT engineers say security is a top concern after adopting a cloud computing platform.

Data leaks, cyberattacks, and strengthening government regulations to enhance cybersecurity are major factors, and cybercriminal attacks are increasing worldwide due to the increase in digital transactions, making data stored in cloud servers more vulnerable to cyberattacks. During the anticipated term, it will fuel market expansion. The Global Cloud Security Market report provides a holistic assessment of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape and factors that play a vital role in the market.

The cybersecurity market is witnessing substantial growth, driven by the increasing need for protection against evolving cyber threats. Companies are investing heavily in network security solutions to safeguard their systems and data from unauthorized access. Moreover, the SaaS security market size is expanding rapidly as organizations opt for cloud-based security solutions to enhance their overall security posture. Additionally, the application security market is experiencing significant growth as businesses prioritize securing their software applications from vulnerabilities and attacks. In parallel, the network security market size is also expanding due to the rising demand for robust network protection. According to Statista, cloud security remains a top concern for organizations, highlighting the growing importance of implementing effective security measures in cloud environments.

Market Dynamics:

Drivers:

According to OTAVA, in 2021, a large number of enterprises previously supported a cold-blooded cloud strategy for the benefit of combining the security of public and private modem cloud realms. According to Flexera's 2020 State of the Cloud report, enterprises are embracing cloud abandonment, with XX of them using a multi-cloud strategy and XX using an inexorable cloud strategy. Major cybersecurity vendors, similar to Google, Microsoft, and Amazon, primarily claim cloud security. Implicit benefits such as ease of access, rapid deployment, low IT structure requirements, and low installation costs are making small and medium-sized businesses rush to cloud computing in their processes and operations.

Due to the rise of the global economy, the scope for growth of the information and communication technology industry is very wide. The burgeoning adoption of cloud computing, the growing adoption of new and advanced technologies, and the strong emphasis of businesses worldwide working to eliminate traditional approaches, and paperwork represents significant scope for growth.

Restraints:

Large and small associations are reluctant to move their businesses over to the cloud as they don't trust cloud services providers (CSPs) fully. A cloud service provider’s structure holds critical data of associations and is therefore largely susceptible to repeated and complex cyberattacks; this can discourage companies from handing over their non-public data to these service providers. Cloud security service providers could help businesses win over customers by using a transparent information security strategy. Similar cases of mistrust in cloud computing technology for data storehouses are inhibiting the growth of cloud security requests.

Key players:

• CA Technologies, Inc.

• Cisco Systems, Inc.

• Fortinet, Inc.

• IBM Corporation

• Intel Corporation (McAfee, Inc.)

• Panda Security

• Sophos, Ltd.

• Symantec Corporation

• Trend Micro, Inc.

• CloudPassage Inc.

Market Segmentation:

Cloud Security Market, By Type

• • Cloud Identity and Access Management

  • Data Loss Prevention

  • Email & Web Security

  • Cloud Database Security

  • Network Security

  • Cloud Encryption

Cloud Security Market, By End User

• • Large-scale enterprise

  • Small & medium enterprise

Cloud Security Market, By Deployment

• • Public

  • Private

  • Hybrid

Cloud Security Market, By Vertical

• • Healthcare

  • BFSI

  • IT & Telecom

  • Government Agencies

  • Retail

  • Others

Cloud Security Market, By Geography

• • North America

  • Europe

  • Asia-Pacific

  • LAMEA

Regional Analysis:

This report analyses ongoing market trends across five major regions, not just North America, Geographic Region, Europe, Asia Pacific, and thus Geographic Region and Africa. Among all regions, the North American market is expected to dominate in the coming years. The high capital expenditures of the regional IT sector have created a large platform for businesses operating in the region. Increased investment in the R&D of software-based products has led to increased adoption of cloud-based platforms. In addition, the presence of many IT companies, especially in the US, will contribute to the expansion of the regional market. As of 2019, the North American cloud security market was valued at XX million, and this price is expected to rise at a significant rate in the coming years.

The country section of the study also includes information on the market-specific factors and regulatory changes that have an impact on present and future market trends. Case studies, technology trends, Porter's Five Forces analysis, and downstream and upstream value chain analysis are a few of the data points that are utilised to forecast market scenarios in various nations. The impact of domestic tariffs and trade routes, the presence and accessibility of international brands, the difficulties faced by big or infrequent competition with domestic and domestic brands, and the predictive analysis of country data are all taken into account.

Scope of the Report:

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