Global Cloud Security
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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• The Global Cloud Security market size in 2023 was XX Million. The Cloud Security Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031.
• The market for cloud security is growing because of the emergence of DevSecOps and Data breaches.
• The adoption of these solutions by businesses, particularly small and medium-sized businesses, has been greatly hampered by their high cost.
• The AI and data analytics capabilities of the cloud are being heavily utilized by telcos. Operating in extremely dynamic and complicated IT environments with a multitude of software, networks, and devices is what has contributed to the expansion of the IT & telecom market.
• North America is expected to have the largest market share in the cloud security market
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Cloud Security industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Cloud Security Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Global Cloud Security market size in 2023 was XX Million. The Cloud Security Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031. For industrial enterprises, cyberattack protection is becoming more and more important. As a result, businesses are increasingly thinking about integrating cloud network security into new machine development and extending its lifespan. The market will see increased financial investment as more cloud security start-ups enter the market, contributing to the service's growth and development. During the COVID-19 pandemic, cloud storage became widely used as a result of the notable emergence of the work-from-home option, which is still adopted by many businesses today. Cloud security is becoming more and more necessary as a result of these changes to the workplace. The market for cloud security is growing because of the emergence of DevSecOps and Data breaches. Such managed services platforms make it easier for developers to manage, implement, and scale containerized use cases, which will increase revenue in the Cloud Security market. The vast amounts of data that propelled the cloud security industry's greatest boom are transferred using this information across a variety of industries, including telecom and IT departments, which will support market drivers.
Due to digitalization and technological advancements, the use of the Internet is increasing in all sectors. As the use of the Internet increases, the chances of cyber-attacks increase. There is a large scale of cyberattacks that is causing the loss of private, business, and governmental data all around the world when individuals utilize the Internet to conduct focused, politically driven attacks against cloud IT infrastructure.
A cyberattack that targets off-site service platforms that use their cloud architecture to provide computing, storage, or hosting services might be categorized as a cloud cyberattack. This can involve assaults on service platforms that make use of SaaS(software as a service), IaaS (infrastructure as a service), and PaaS (platform as a service) service delivery paradigms. For Example, In March 2020, a cloud cyber assault targeted the adult live-streaming website CAM4, exposing 10.8 billion confidential entries totaling 7 TB of data. Location information, email addresses, IP addresses, payment logs, usernames, and more were all included in the compromised database. (Source:https://cisomag.com/adult-website-data-leak/) The growing number of organizational data breaches and leaks is driving the cloud security market. Data in the cloud is more vulnerable to hackers than data on corporate computers. For Instance, Microsoft revealed in 2020, that in December 2019 breach in one of their cloud databases exposed 250 million entries, including IP addresses, email addresses, and support case information. The computer giant claims that a poorly designed network server that was storing the important data was the root cause of this data breach. Despite not being the largest, the high-profile target made it one of the most startling clouds cyberattacks. (Source:https://www.forbes.com/sites/daveywinder/2020/01/22/microsoft-security-shocker-as-250-million-customer-records-exposed-online/?sh=693f59f04d1b)Thus, The cloud service model enhances the dangers and security challenges associated with cloud computing systems by exposing information and offering customers a variety of services. Data loss in cloud computing is a basic security issue. Hackers from both inside and external staff may gain unauthorized or purposeful access to the data. Such setups can be targets for external hackers who utilize hacking tactics like eavesdropping and hijacking to get access to databases. Additionally, malicious programs like Trojan horses which are a kind of malicious software that infiltrates a computer under the guise of an authentic application, and viruses are added to cloud services. Therefore, to put in place a system with stronger security features, it is vital to detect potential cloud risks and protect against such breaches with good cloud security.
As more businesses shift their apps and IT infrastructure to the cloud, cloud security is becoming more and more crucial. DevSecOps which is development, security, and operation automation is becoming popular among many enterprises as a means of guaranteeing the best possible cloud security. DevSecOps automation incorporates security into every phase of the development lifecycle, from code generation to deployment and maintenance.
DevSecOps helps many firms reduce their business vulnerabilities by detecting and averting incidents that could impact the internal IT environment. Time and money are saved because of the speedy and secure delivery of DevSecOps, which reduces the need to repeat procedures to address security vulnerabilities. It is more secure since the integrated security code no longer includes pointless rebuilds or reviews which is economical and effective. For Instance, Amazon Web Services (AWS) Security Hub is a DevSecOps-based cloud security posture management service, that collects alarms, automates remediation, and does best security practice assessments. To automate security best practice checks, compile security warnings into a centralized location and format, and gain insight into the overall security posture across all AWS accounts, utilize AWS Security Hub. By making sure that the security, countermeasures, and procedures are incorporated as early in the application development cycle as feasible, DevOps security aims to prevent the deployment of software that has vulnerabilities.(Source:https://aws.amazon.com/security-hub/)Therefore, cloud security is critical for businesses that are migrating their apps and IT infrastructure to the cloud. DevSecOps automation, which incorporates security throughout the whole software development process, is an effective technique for guaranteeing the greatest level of cloud security.
Small and medium-sized businesses (SMBs) that are thinking about pursuing digital transformation as a goal may find the concept intimidating. For companies of all sizes, moving to the cloud opens up new possibilities and brings with it new security measures. The amount of money and complexity required to monitor traffic and guarantee data security increases with the amount of data an organization stores in the cloud. In a cloud or hybrid cloud environment, hundreds or thousands of applications can get costly, with an average annual cost of thousands of pounds per application. Security firms need to invest a lot of money and have cutting-edge solutions to create new technologies. The adoption of these solutions by businesses, particularly small and medium-sized businesses, has been greatly hampered by their high cost. Additionally, as their R&D teams expand, security solution companies incur higher capital expenses. Data loss or leakage, privacy violations, and unauthorized access to security platforms are other issues that have been brought to light in the market.
As the number of data breaches and cyber-attacks increases, the cost also increases. These hacks have progressed from being minor cyber security problems to causing money losses, harm to one's reputation, legal challenges, fines from the authorities, and a significant decline in customer confidence. For Instance, according to an IBM report, in 2023, the average cost of a data breach worldwide was $4.45 million, a 15% rise in only three years. As a result, the market suffers from high prices and slows down the growth. (Source:https://www.ibm.com/reports/data-breach)
The impact of COVID-19 was expected to cause this market to increase at a notably rapid rate. The software-as-a-service concept caused disruptions to the organization's operational paradigm. Because of COVID-19's impact on business operations, it is anticipated that the use of containers will increase, which increases the need for dependable security solutions. The global health crisis turned out to be a boon for the cloud market, as evidenced by the noticeable increase in cloud use across many industries worldwide. For Instance, Companies kept 60% of their data on the cloud on average in 2022, according to Statista, which made them an ideal target for hackers hoping to strike it rich. Since the pandemic, even more, sensitive or individually identifiable information about their users and business operations has been contained. (Source:https://www.statista.com/statistics/1062879/worldwide-cloud-storage-of-corporate-data/#:~:text=As%20of%202022%2C%20over%2060,next%20to%20advancing%20business%20agility.) Hence, due to digitalization during COVID-19, companies and people were concerned about data breaches or hacking activities which led to a rise in cloud security services and so COVID-19 had a positive impact on the Cloud Security Market.
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Businesses are observed forming alliances and completing mergers and acquisitions to improve their goods and have a competitive edge in the marketplace. To get new clients and increase their market shares, they are efficiently developing new items and improving those that already exist. For Instance, the pioneer in worldwide cybersecurity, Palo Alto Networks (NASDAQ: PANW), said today that it has successfully acquired Dig Security, a cutting-edge supplier of data security posture management (DSPM). Solutions for data security that are specifically designed to manage the intricacies of cloud systems are necessary due to the vast amounts of data that are kept on cloud servers. Dig's state-of-the-art features, when seamlessly included in Palo Alto Networks Prisma Cloud platform, will give enterprises near-instantaneous data protection throughout the whole cloud infrastructure. (Source:https://www.paloaltonetworks.com/company/press/2023/palo-alto-networks--announces-intent-to-acquire-cloud-security-start-up-dig-security)
• Recent Acquisitions includes, Check Point Software Technologies Ltd, a prominent global supplier of cyber security solutions to governments and business entities, has announced the purchase of Avanan, the cloud email security startup with the quickest pace of growth. Avanan will provide the most secure email security solution in the world by integrating with the Check Point Infinity unified architecture. It will be done by utilizing proprietary technology specifically created for cloud email environments.(Source:https://www.globenewswire.com/news-release/2021/08/30/2288308/0/en/Check-Point-Software-Technologies-Acquires-Avanan-the-fastest-growing-cloud-email-and-collaboration-security-company-to-redefine-security-for-cloud-email.html)
• To provide businesses with a range of data analytics, service assurance, and automation solutions, AH Infotech, the specialty technology distributor of mission-critical technology solutions including network and cybersecurity, data management, and disaster recovery, and BMC, a global leader in IT solutions for the Autonomous Digital Enterprise, have forged a strategic partnership. As a nationwide distributor, RAH Infotech will make use of its vast network and technological expertise to provide BMC's entire suite of solutions, which, with the aid of on-premise and cloud data analytics and automation technologies, boost business resilience and improve customer experience. (Source:https://rahinfotech.com/rah-infotech-bmc-announce-strategic-partnership/)
Top Companies Market Share in Cloud Security Industry: (In no particular order of Rank)
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Global Cloud Security Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cloud Security Industry growth. Cloud Security market has been segmented with the help of its Type, Application , and others. Cloud Security market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The cloud database security is dominating the market share. Due to companies' increased use of network security and data security solutions as a result of the rising frequency of data breaches over the projected period for the cloud security market, it will expand at the quickest rate DLP is the term for a collection of specialized solutions that help businesses identify, protect, and keep an eye on sensitive data using technology-enabled data matching, classification, and fingerprinting. Therefore, growing applications for cloud database security have a favorable effect on the market expansion. Software-based security solutions intended for use in virtualized IT environments are referred to as virtualized security or security virtualization. The policies, procedures, and practices put in place to stop, identify, and keep an eye on any unauthorized access, abuse, alteration, or denial of a computer network or its resources are collectively referred to as network security.
• Virtualization
• Cloud database security
• Network Secuirty
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The dominant segment is the private cloud. Deploying a private cloud is viewed by many companies as a significant step toward digital transformation. By moving traditional on-premises infrastructure to a private cloud environment, businesses take advantage of cloud computing while maintaining a high degree of control. A few examples of private clouds are IBM, VMware, HPE, and Amazon VPC. To do this, they make use of technologies like automation, management software, and virtualization. Over the course, there will be an increase in the development of cooperative security ecosystems, which are made up of various security technologies and platforms that seamlessly integrate and share threat intelligence. Organizations are beginning to recognize the need for strategic data management, which is why the hybrid market is also growing. Depending on factors including performance, pricing, and regulatory compliance, hybrid cloud solutions offer strategic data placement with the opportunity to store and process data where the choice makes the most financial sense.
• Public Cloud
• Private Cloud
• Hybrid Cloud
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Cloud Security market report 2024 Edition by contacting our team.
Among the largest economies in North America are those of the US, Canada, and Mexico. Large and mid-sized businesses are becoming more prevalent, which is leading to an increase in the frequency of cyberattacks and the quantity of hosted servers. Furthermore, several factors are driving the use of cloud security services and solutions, including the rise in cybercrime, the development of new cyberattacks, and the rise in the use of cloud-based solutions. Additionally, cloud security is being adopted more widely to improve IT infrastructure and take advantage of technologies like AI and ML. For Instance, in June 2023, the leader in business networking and security, Cisco (CSCO), is keeping its word with its AI-driven Cisco Security Cloud, which will make cybersecurity easier to manage and enable employees to operate from anywhere, even in the environment of an increasingly complex threat landscape (Source:https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2023/m06/cisco-shows-breakthrough-innovation-towards-ai-first-security-cloud.html) As a result, cloud security is becoming a major element driving the growth of the market.
The current report Scope analyzes Cloud Security Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
As a research analyst, Swasti brings a unique blend of analytical prowess and strategic thinking to the table. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations. Her passion lies in leveraging data-driven approaches to guide decision-making and drive organizational success.
I played a central role in market research endeavors and competitive analysis. I have a demonstrated ability to leverage diverse data sources, employing advanced analytics tools to discern patterns and trends. My collaborative approach facilitated effective communication of insights, fostering a culture of data-driven decision-making within the organization. I am committed to continuous professional development, actively seeking opportunities for skill enhancement through workshops, industry conferences, and staying abreast of emerging trends in research methodologies.
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The Global Cloud Security Market is witnessing significant growth in the near future.
In 2023, the Virtualization segment accounted for noticeable share of global Cloud Security Market and is projected to experience significant growth in the near future.
The Public Cloud segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Trend Micro Inc., Symantec Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Virtualization, Cloud database security, Network Secuirty |
Application | Public Cloud, Private Cloud, Hybrid Cloud |
List of Competitors | Trend Micro Inc., Mcafee LLC, Symantec Corporation, International Business Machines Corporation, Cisco Systems Inc., CA Technologies, Check Point Software Technologies Ltd., Computer Science Corporation (CSC), Fortinet Inc., Sophos PLC, Imperva Inc., Qualys Inc., Ciphercloud Inc., Zscaler Inc., Avanan Inc., Cloudpassage Inc. |
This chapter will help you gain GLOBAL Market Analysis of Cloud Security. Further deep in this chapter, you will be able to review Global Cloud Security Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
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Qualitative Analysis for the North America Market: North America Cloud Security Market Trends North America Cloud Security Technological Road Map North America Cloud Security Market Drivers North America Cloud Security Market Restraints North America Cloud Security Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cloud Security market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Virtualization have a significant impact on Cloud Security market? |
What are the key factors affecting the Virtualization and Cloud database security of Cloud Security Market? |
What is the CAGR/Growth Rate of Public Cloud during the forecast period? |
By type, which segment accounted for largest share of the global Cloud Security Market? |
Which region is expected to dominate the global Cloud Security Market within the forecast period? |
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Company Level |
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Additional Data Analysis |
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