Cloud Security Market Share, Industry Size, Leading Companies Outlook, Upcoming Challenges and Opportunities till 2028


Posted March 2, 2023 by Aniruddha123

The cloud security market is expected to grow from US$ 48.57 billion in 2022 to US$ 116.25 billion by 2028; it is estimated to grow at a CAGR of 15.7% from 2022 to 2028.

 
The Insight Partners adds "Cloud Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis" to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

This research report will give you deep insights about the Cloud Security Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of 150 pages. All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

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Top Listed Companies in Cloud Security Market are –

•Amazon Web Services, Inc.
•Microsoft
•Google LLC
•Oracle
•IBM Corporation
•Cisco System, Inc.
•Trend Micro Incorporated
•Palo Alto Networks, Inc.
•Checkpoint Software Technologies
•VMware, Inc.

Despite the impact of the COVID-19 pandemic on financials, enterprises are prepared to spend on artificial intelligence (AI) and machine learning (ML), which are crucial components of their security posture. AI and ML help detect and prevent threats such as new malware versions, exploits, or phishing assaults. However, the widespread adoption of cloud services underlines the demand for AI and ML solutions having applications beyond malware detection. Automatic security capabilities of next-generation clouds can save time and resources that are required to manually control user access, and eventually, reduce the chances of human errors. AI can deliver better outcomes than security experts when detecting fraudulent activities, keeping configuration controls up to date, spotting unusual user behavior, and triaging and prioritizing security events. Thus, with the growing dependence on AI and ML, cybersecurity teams are expected to gain valuable tools for averting security breaches and focusing more on innovation to achieve their long-term business goals, thereby becoming major trends in the cloud security market.

The cloud security market is segmented on the basis of service model, deployment model, enterprise size, solution type, and industry vertical. Based on service model, the market is segmented into software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). By deployment model, the market is segmented into public cloud, private cloud, and hybrid cloud. In terms of enterprise size, the cloud security market is bifurcated into large enterprises and small & medium-sized enterprises. Based on solution type, the market is segmented into email & web security, cloud identity & access management, data loss prevention, intrusion detection system/intrusion prevention system, security information & event management, and others. Based on industry verticals, the market is segmented into banking, financial services, and insurance (BFSI); IT & telecom; energy & utilities; government & public sectors; healthcare; manufacturing; and others.

Reason to Buy

•Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cloud Security Market.
•Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
•The key findings and recommendations highlight crucial progressive industry trends in the Cloud Security Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
•Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
•Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

Although the global cloud security market size plummeted initially in 2020 due to the adverse impact of the COVID-19 pandemic and related regulations, it achieved a strong recovery from the pandemic and is expected to grow in the coming years. The COVID-19 outbreak accelerated the growth rate of the cloud security market and had driven many companies to use advanced security solutions. Though the adoption of cloud solutions and services was reduced in the early stage of the pandemic, in the later stage, companies turned to analytics, collaboration applications, security solutions, and AI to sustain their business operations. The manufacturing industry gained pace from mid-2021, which propelled the adoption of cloud security, as it deals with sensitive and highly confidential data such as warranty information, quality data, engineering specifications, and device history records for a product. Therefore, it has become necessary to implement endpoint security, data loss prevention, and identity and access management solutions, thus propelling the cloud security market growth.

The Cloud Security Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Company Overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
We are keen to understand what additional information if included will help you in your business endeavor. We also hold the expertise to customize the reports based on any specific countries/regions, segmentations, companies, etc. of your choice. Hence you can share your specific requirements, if any.

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Issued By Aniruddha Deo
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Country India
Categories Accounting
Tags cloud security market , cloud security market analysis , cloud security market growth , cloud security market size , cloud security market share
Last Updated March 2, 2023