Cloud Security Market Size, Share, Trends & COVID-19 Impact Analysis, By Security Type (Identity and Access Management (IAM), Data loss prevention (DLP), Security Information and Event Management (SIEM), Business Continuity and Disaster Recovery, and Others), By Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises (SMEs), By End-User (IT and Telecommunication, Banking, Finance, Security and Insurance (BFSI), Healthcare and Life Sciences, Manufacturing, Retail, Government, Energy and Utilities, and Others), and Regional Forecast, 2022-2029
The global “cloud security market size” is projected to grow from USD 33.13 billion in 2022 to USD 106.02 billionin 2029 at a CAGR of 18.1% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report, titled,“Cloud SecurityMarket Share, 2022-2029.”Factors such as the rising adoption of managed container services coupled with an ongoing trend of crypto-jacking will increase the market’s footprint during the forecast period. Additionally, the rising adoption of cloud computing services and applications will boost the market’s growth.
Industry Development
- July 2020:Fortinet Inc. announced launching their latest security solution for Multi-Cloud Fortinet Secure SD-WAN for integrating the company’s existing Secure SD-WAN Cloud On-Ramp abilities. This announcement will help business owners establish a secure connection with a variety of cloud solutions and applications.
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Regional Insights
North America to Exert Dominance During Forecast due to Rising Initiatives by Government Bodies
North America is expected to hold the largest cloud security market share during the forecast period due to various initiatives undertaken by government agencies for increasing investments in security solutions to name a few. Additionally, rising collaborative efforts among the prominent players in the market coupled with increasing phishing and cyber-attacks will increase the footprint of the market in the region.
The Asia Pacific will account for a substantial market share in terms of global contribution due to a combinative effort between government agencies and private players in emerging economies such as China, India, Japan, South Korea, and South East Asia. Additionally, rising investments in cloud security will further strengthen the market’s growth in the region.
What exactly is included in the Report?
Industry Trends and Developments:In this section, the authors of the research discuss the significant trends and developments that are occurring in the Cloud Security Market place, as well as their expected impact on the overall growth.
Analysis of the industry’s size and forecast:The industry analysts have provided information on the size of the industry from both a value and volume standpoint, including historical, present and projected figures.
Future Prospects:In this portion of the study market participants are presented with information about the prospects that the Cloud Security Market is likely to supply them with.
The Competitive Landscape:This section of the study sheds light on the competitive landscape of the Cloud Security Market by examining the important strategies implemented by vendors to strengthen their position in the Cloud Security Market.
Study on Industry Segmentation:This section of the study contains a detailed overview of the important Cloud Security Market segments, which include product type, application, and vertical, among others.
In-Depth Regional Analysis:Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.
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This Report Answers the Following Questions:
- What are the Cloud Security Market growth drivers, hindrances, and dynamics?
- Which companies would lead the market by generating the largest revenue?
- How will the companies surge the processes adoption amid the COVID-19 pandemic?
- Which region and segment would dominate the Cloud Security Market in the coming years?
Companies Profiled in the Global Cloud Security Market:
- Trend Micro Incorporated (Tokyo, Japan)
- Cisco Systems, Inc. (California, U.S.)
- McAfee, Inc. (California, U.S.)
- Palo Alto Networks, Inc. (California, U.S.)
- Check Point Software Technologies (Tel Aviv-Yafo, Israel)
- Microsoft Corporation (Washington, U.S.)
- IBM Corporation (New York, U.S.)
- Splunk Inc. (California, U.S.)
- Alphabet Inc. (California, U.S.)
- com (Washington, U.S.)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Cloud Security Market Segments:
By Security Type
- Identity and access management
- Data loss prevention (DLP)
- Security information and event management (SIEM)
- Business continuity and disaster recovery
- Others (Risk and Compliance Management, etc.)
By Enterprise Size
- Large Enterprises
- Small and Medium-Sized Enterprises (SMEs)
By End-user
- IT and Telecommunications
- Banking, Finance, Security and Insurance (BFSI)
- Healthcare and Life Sciences
- Manufacturing
- Retail
- Government
- Energy and Utilities
- Others (Energy and Utilities, Government, Others)
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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit USD 106.02 Bn Industry, Global Cloud Security Market Size, Share, Analysis Report [2022-2029]
