Cloud Security Market Size, Share, and Trends Analysis Report
CAGR :
| Market Size 2023 (Base Year) | USD 43.96 Billion |
| Market Size 2032 (Forecast Year) | USD 97.06 Billion |
| CAGR | 9.2% |
| Forecast Period | 2024 - 2032 |
| Historical Period | 2018 - 2023 |
Cloud Security Market Insights
According to the report published by Market Research Store, the global Cloud Security Market size was valued at USD 43.96 Billion in 2023 and is predicted to reach USD 97.06 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.2% during the forecast period. The report analyzes the global Cloud Security Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Cloud Security industry.
Global Cloud Security Market: Overview
Cloud security is the also known as cloud computing security. The cloud security comprises a set of controls or policies in order to protect the applications, data, and cloud computing infrastructure. The cloud security secures data breaching, loss of confidential data, and insecure application programming interfaces (API). Thus, the rising demand for a secure environment for the cloud customers and providers influences the enhanced utilization of the cloud security applications.
Global Cloud Security Market: Growth Factors
The growing trends of BYOD and CYOD are expected to boost the global cloud security market. The significant utilization or adoption of the cloud-based service computing in the various sectors such as healthcare, BFSI, IT and telecommunication, and others help fuel the growth of the global market.
Additionally, the rising threats related to the cyber world increase the dependency on the cloud-based services which in turn attributes the growth of the global market. The demand for security for the applications such as the online payments, financial transactions, social media, data storage, and others thrive the global market growth. The increasing demand for cloud security in the Windows, Android, iOS platform devices boosts the global cloud security market. The low awareness regarding cloud-based services among the masses hinders the growth of the global market
Cloud Security Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Cloud Security Market |
| Market Size in 2023 | USD 43.96 Billion |
| USD 97.06 Billion | |
| Growth Rate | CAGR of 9.2% |
| Number of Pages | 212 |
| Key Companies Covered | Fortinet Inc., CA Technologies Inc., Panda Security, Sophos Ltd., Symantec Corporation, Trend Micro Inc., IBM Corporation, Cisco Systems Inc., McAfee Inc., Intel Corporation, Hewlett-Packard (HP) Company, Microsoft Corporation, Kaspersky Labs, Dell Inc., Intel Security Group, and others. |
| Segments Covered | By End User, By Type, By Vertical, By Deployment, and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Cloud Security Market: Segmentation
The global security market segment is bifurcated based on the end user, type, vertical, deployment, and region.
The end user segment is divided into large-scale enterprises and small and medium enterprises.
The type segment is classified as network security, cloud database security, email and web security, cloud identity and access management, data loss prevention, and cloud encryption.
The vertical segment is categorized into retail, healthcare, BFSI, IT and telecom, government agencies, and others.
The deployment segment is grouped into public, private, and hybrid.
The regional segmentation includes Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Global Cloud Security Market: Regional Analysis
North America is expected to dominate the global cloud security market owing to increasing cloud-based services and cloud computing industries in the region. The rising demand for the cyber security due to the increasing use of computing devices among the growing population in the Asia Pacific region helps propel the global market.
Global Cloud Security Market: Competitive Players
The key players dominating the global cloud security market are:
- Fortinet Inc.
- CA Technologies Inc.
- Panda Security
- Sophos Ltd.
- Symantec Corporation
- Trend Micro Inc.
- IBM Corporation
- Cisco Systems Inc.
- McAfee Inc.
The other key players in the global market include Intel
- Corporation
- Hewlett-Packard (HP) Company
- Microsoft Corporation
- Kaspersky Labs
- Dell Inc.
- Intel Security Group.
These major players implement a number of strategies such as the signing of agreements, contracts, bonds, partnerships, collaborations, mergers and acquisitions, joint ventures, and new application launch for acquiring a standard position in the global market.
The Global Cloud Security Market is segmented as follows:
By End User
- large-scale enterprises
- small and medium enterprises
By Type
- network security
- cloud database security
- email and web security
- cloud identity and access management
- data loss prevention
- cloud encryption
By Vertical
- retail
- healthcare
- BFSI
- IT and telecom
- government agencies, and others
By Deployment
- public
- private
- hybrid
Global Cloud Security Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
Frequently Asked Questions
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The report offers a nitty-gritty estimation of the market by providing data on various viewpoints that incorporate, restraints, drivers, and opportunities threats. This data can help in making suitable decisions for stakeholders before investing.
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