Cloud Security Market: Global Industry Analysis and Forecast (2022-2029), Market Key Trends, Sales Volume Analysis, Market Share, Market Size, Industry Size

Cloud Security Market size was valued at US$ 39.63 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 14.9% through 2021 to 2029, reaching nearly US$ 120.41 Bn.

Cloud Security Market Overview:

Cloud security is a part of cyber security that focuses on keeping cloud computing systems safe. Rather than being routed straight to the servers, traffic is routed to the cloud with cloud web security. The cloud analyses the traffic and grants access to only authorised users. The cloud stops any traffic that it does not approve from reaching the server. Visibility and Risk Assessment, User and Data Governance, Activity Monitoring and Analytics, and Threat Protection and Remediation/ Mitigation are some of the applications of cloud security. Cloud Security Market To know about the Research Methodology :- Request Free Sample Report COVID-19 Influence on the Market: Various governments and regulatory agencies have mandated both public and commercial enterprises to embrace new strategies for working remotely and keeping social distance in the wake of the COVID-19 pandemic. Since then, digital business practices have become the new business continuity plan (BCP) for a variety of companies. Individuals are more attracted to adopt digital technologies such as cloud solutions as a result of the widespread usage of BYOD devices, the WFH trend, and internet penetration across the globe, boosting the demand for cloud security measures to protect against cyber-attacks. Organizations may use cloud security solutions to maintain business continuity while also staying safe from cybercrime and dangerous threat actors.

Global Cloud Security Market Dynamics:

Massive cyber attacks occur around the world when people utilise the internet to launch purposeful and politically driven attacks on cloud IT infrastructures, resulting in data loss for individuals, businesses, and governments. The cloud security market is being fuelled by an increase in enterprise data breaches or data leaks. Cloud data is more vulnerable to assaults than data held on company servers. The adoption of cloud collaboration tools and services such as Microsoft Teams, Cisco WebEx, and Zoom has increased as a result of COVID-19's distributed work from home environment. SMEs are rapidly storing data on cloud servers, broadening the attack surface for cyber criminals. Because of the increasing number of SMEs that utilise web- and cloud-based tools and apps, these companies have become attractive targets for cybercriminals, prompting a rise in the adoption of cloud security solutions. Large and small businesses are apprehensive to shift their operations to the cloud because they do not fully trust Cloud Service Providers (CSPs). Cloud security service vendors who take an open approach to information security may be able to earn their clients' trust. The stringent government laws and protocols, as well as the risk of information loss, are the major factors that hamper market growth. The data can be lost in three different ways. When cloud technology fails, the machine shuts down, and the backup data is permanently lost. The surge in complexity due to virtual infrastructure, a scarcity of trained experience, and a lack of trust in cloud service providers are all obstacles to growing market.

Global Cloud Security Market Segment Analysis:

The Global Cloud Security Market is segmented by Application, Security Type, Organization Size, and Verticals. Based on the Organization Size, the market is segmented into Large Enterprises, and SMEs. Large Enterprises segment is expected to hold the largest market shares of xx% by 2029. Large Enterprises put a lot of money into cutting-edge technology in order to boost overall production and efficiency. Large Enterprises are increasingly turning to cloud security solutions, and they are expected to invest heavily in modern cloud security solutions in order to protect their businesses in today's highly competitive environment. Because they use a significant number of cloud and Internet of Things (IoT)-based applications that are especially vulnerable to cyber attacks, large organisations have implemented cloud security solutions. Furthermore, they are vulnerable to specific attacks aimed at disrupting their information technology (IT) services. These are the major key drivers that boost the growth of the Large Enterprises segment in the global market during the forecast period 2022-2029. Based on the Verticals, the market is segmented into Information, Finance and Insurance, Healthcare and Social Assistance, Retail Trade, Manufacturing, Utilities, and Others. Retail Trade segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. Customers now shop without having to go through a traditional checkout line due to artificial intelligence in retail stores. The retail industry is constantly establishing cloud security for the protection of consumer and sensitive data, as well as the confidential identity in digital format associated to each customer being stored on the cloud.

Global Cloud Security Market Regional Insights:

North America dominates the Global Cloud Security market during the forecast period 2022-2029. North America is expected to hold the largest market shares of xx% by 2029. The market is expected to be dominated by rising urbanisation, the presence of major suppliers in the region, and the paradigm change from traditional computing solutions to integration with onsite, public, and hybrid cloud security services. In July 2021, Symantec Corporation unveiled a new cloud access security solution that helps businesses safeguard cloud and internet access. These are the major drivers that boost the growth of this region in the Global market during the forecast period 2022-2029. The objective of the report is to present a comprehensive analysis of the Global Cloud Security Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Cloud Security Market dynamic, structure by analyzing the market segments and project the Global Cloud Security Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cloud Security Market make the report investor’s guide.

Global Cloud Security Market Scope: Inquire before buying

Global Cloud Security Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 39.63 Bn.
Forecast Period 2022 to 2029CAGR: 14.9% Market Size in 2029: US $ 120.41 Bn.
Segments Covered: by Organization Size • Large Enterprises • SMEs
by Security Type • Perimeter Security • Network Security • Endpoint Security • Application Security • Others
by Application • Visibility and Risk Assessment • User and Data Governance • Activity Monitoring and Analytics • Threat Protection and Remediation/ Mitigation • Other applications
by Verticals • Information • Finance and Insurance • Healthcare and Social Assistance • Retail Trade • Manufacturing • Utilities • Others

Global Cloud Security Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Cloud Security Market Key Players

• IBM • Cisco • Intel • Fortinet • Trend Micro • Symantec • CSC • CA Technologies • BMC Software • Sophos • Cloud Passage • Foreseeti (Sweden) • Forcepoint (US) • Palo Alto Networks (US) • Bitglass (US) • Imperva (US) • CipherCloud (US) • Proofpoint (US) • Zscaler (US) • FireEye (US) • Avanan (US) Frequently Asked Questions: 1] What segments are covered in Global Cloud Security Market report? Ans. The segments covered in Global Cloud Security Market report are based on Application, Security Type, Organization Size, and Verticals. 2] Which region is expected to hold the highest share in the Global Cloud Security Market? Ans. North America is expected to hold the highest share in the Global Cloud Security Market. 3] Who are the top key players in the Global Cloud Security Market? Ans. IBM, Cisco, Intel, Fortinet, Trend Micro, Symantec, and CSC are the top key players in the Global Cloud Security Market. 4] Which segment holds the largest market share in the Global Cloud Security market by 2029? Ans. Large Enterprises segment holds the largest market share in the Global Cloud Security market by 2029. 5] What is the market size of the Global Cloud Security market by 2029? Ans. The market size of the Global Cloud Security market is US $ 120.41 Bn. by 2029. 6] What was the market size of the Global Cloud Security market in 2021? Ans. The market size of the Global Cloud Security market was worth US $ 39.63 Bn. in 2021.
1. Global Cloud Security Market: Research Methodology 2. Global Cloud Security Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Cloud Security Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Cloud Security Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 14.9 Consolidation in the Market 14.9.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 14.9 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 14.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Cloud Security Market Segmentation 4.1 Global Cloud Security Market, by Application (2021-2029) • Visibility and Risk Assessment • User and Data Governance • Activity Monitoring and Analytics • Threat Protection and Remediation/ Mitigation • Other applications 4.2 Global Cloud Security Market, by Security Type (2021-2029) • Perimeter Security • Network Security • Endpoint Security • Application Security • Others 4.3 Global Cloud Security Market, by Organization Size (2021-2029) • Large Enterprises • SMEs 4.4 Global Cloud Security Market, by Verticals (2021-2029) • Information • Finance and Insurance • Healthcare and Social Assistance • Retail Trade • Manufacturing • Utilities • Others 5. North America Global Cloud Security Market (2021-2029) 5.1 Global Cloud Security Market, by Application (2021-2029) • Visibility and Risk Assessment • User and Data Governance • Activity Monitoring and Analytics • Threat Protection and Remediation/ Mitigation • Other applications 5.2 Global Cloud Security Market, by Security Type (2021-2029) • Perimeter Security • Network Security • Endpoint Security • Application Security • Others 5.3 Global Cloud Security Market, by Organization Size (2021-2029) • Large Enterprises • SMEs 5.4 Global Cloud Security Market, by Verticals (2021-2029) • Information • Finance and Insurance • Healthcare and Social Assistance • Retail Trade • Manufacturing • Utilities • Others 5.5 North America Global Cloud Security Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Global Cloud Security Market (2021-2029) 6.1. Asia Pacific Global Cloud Security Market, by Application (2021-2029) 6.2. Asia Pacific Global Cloud Security Market, by Security Type (2021-2029) 6.3. Asia Pacific Global Cloud Security Market, by Organization Size (2021-2029) 6.4. Asia Pacific Global Cloud Security Market, by Verticals (2021-2029) 6.5. Asia Pacific Global Cloud Security Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Global Cloud Security Market (2021-2029) 7.1 Middle East and Africa Global Cloud Security Market, by Application (2021-2029) 7.2. Middle East and Africa Global Cloud Security Market, by Security Type (2021-2029) 14.9. Middle East and Africa Global Cloud Security Market, by Organization Size (2021-2029) 7.4. Middle East and Africa Global Cloud Security Market, by Verticals (2021-2029) 7.5. Middle East and Africa Global Cloud Security Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Global Cloud Security Market (2021-2029) 8.1. Latin America Global Cloud Security Market, by Application (2021-2029) 8.2. Latin America Global Cloud Security Market, by Security Type (2021-2029) 8.3. Latin America Global Cloud Security Market, by Organization Size (2021-2029) 8.4. Latin America Global Cloud Security Market, by Verticals (2021-2029) 8.5. Latin America Global Cloud Security Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Global Cloud Security Market (2021-2029) 9.1. European Global Cloud Security Market, by Application (2021-2029) 9.2. European Global Cloud Security Market, by Security Type (2021-2029) 9.3. European Global Cloud Security Market, by Organization Size (2021-2029) 9.4. European Global Cloud Security Market, by Verticals (2021-2029) 9.5. European Global Cloud Security Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. IBM 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Cisco 10.3. Intel 10.4. Fortinet 10.5. Trend Micro 10.6. Symantec 10.7. CSC 10.8. CA Technologies 10.9. BMC Software 10.10. Sophos 10.11. Cloud Passage 10.12. Foreseeti (Sweden) 10.13. Forcepoint (US) 10.14. Palo Alto Networks (US) 10.15. Bitglass (US) 10.16. Imperva (US) 10.17. CipherCloud (US) 10.18. Proofpoint (US) 10.19. Zscaler (US) 10.20. FireEye (US) 10.21. Avanan (US)

About This Report

Report ID 18082
Category Information Technology & Telecommunication
Published Date Sept 2022
Updated Date
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