Global Cloud Security Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
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Cloud Security Market Report offers in-depth insights, revenue details, and other vital information regarding the global cloud security market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Cloud Security Market report also offers insightful and detailed information regarding the various key players operating in the global cloud security market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
The global cloud security market is segmented on basis of service type, deployment type, industry verticals, and region.
Cloud Security Market Overview:
Cloud Security Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Cloud security is a broad set of technologies and policies that help to protect data and different applications of computers from cloud attacks and non-ethical access, by providing secure networks and information.
Security and privacy challenges suitable for cloud computing are also delivered by cloud security services and solutions. The architecture of cloud security is effective for giving preventive, detective, and corrective controls.
It improves the security capabilities of cloud providers and evaluates their individual risks.
Growing adoption of cloud computing by small and medium-sized enterprises (SMSE) and increasing use of smartphones and Internet penetration are primary factors driving demand for cloud security globally.
This has been the prominent trend in the past six years, which is expected to grow significantly during the forecast period.
Emerging technologies such as the Internet of Things (IoT) and organizations implementing bring your own devices (BYOD) initiatives, resulting in the rising incidence of cloud attacks on applications are propelling the growth of the global cloud security market.
Increasing digital content on cloud platforms has led to a number of data theft cases in sectors such as BFSI, IT and telecom, and retail. This is expected to continue to boost demand for cloud security services and solutions globally in the future.
Increasing government initiatives toward smart cities will further boost the demand for cloud security services and solutions.
Lack of awareness among enterprises and consumers regarding the need for security services is inhibiting the growth of the global cloud security market to a significant extent. Challenges in the market include security concerns and privacy issues, and the availability of open source security software providers.
North America dominates the global cloud security market in terms of revenue contribution and is expected to maintain its position during the forecast period owing to a large number of cloud security vendors in this region.
The increasing adoption of cloud services in emerging economies in the Asia Pacific region is expected to witness significant growth during the forecast period.
Global Cloud Security Market Segmentation:
Global cloud security market segmentation by deployment type:
- Public cloud
- Private cloud
- Hybrid cloud
Global cloud security market segmentation by service type:
- Cloud identity and access management
- Data loss prevention
- Email & web security
- Cloud database security
- Network security
Global cloud security market segmentation by industry vertical:
- Banking, financial services, and insurance (BFSI)
- IT and telecommunication
- Healthcare and pharmaceuticals
Global cloud security market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- CA Technologies Inc.
- Trend Micro Inc.
- Cisco Systems
- Intel Security
- Fortinet Inc.
- IBM Corp.
- Intel Corp.
- Cipher Cloud
- BMC Software
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