Cloud Security Market Overview
Cloud Security Market Size was valued at USD 25.1
billion in 2022. The Cloud Security market industry is projected to grow from
USD 30.4 Billion in 2023 to USD 97.5 billion by 2030, exhibiting a compound
annual growth rate (CAGR) of 4.72% during the forecast period (2023 - 2030). As
per analysts, the growth of the online market along with the expansion of IT
infrastructure will drive the market growth throughout the forecast period. The
cloud security market research report provides an in-depth analysis of the
global cloud security market and its end users applications, types, and
deployment segments. The high cost as well as privacy concerns are the factors
which could affect the cloud security market growth during the forecast period.
The cloud security market research report by expert analysts is intended to
help companies in the cloud security market.
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Market
Segmentation
The
global cloud security market has been segmented based on end users
applications, types, and deployment. On the basis of deployment, the market for
cloud security is segmented based on private, public, hybrid. Additionally, the
market on the basis of types, is segmented into cloud database security,
network security, virtualization. The global market for cloud security is also
covered based on the end-user segment which is further split into BFSI, IT
& telecom, retail, and healthcare.
Key
influences such as lack of skilled professionals could obstruct the cloud
security market growth. However, as per the cloud security market research
report, the expansion of the telecom sector as well as the growing
cyber-attacks on the cloud will drive growth during the forecast period. These
key growth factors will help support the cloud security market growth at a high
CAGR. The segmental analysis of end users applications, types, and deployment
segments as well as regional market analysis has been presented in the global
cloud security market research report. Analysts studying the cloud security market
have presented projections in the cloud security market research report
assisting cloud security market-based companies in numerous ways. The cloud
security market research report offers crucial details about the cloud security
market based on the data and forecasts till 2022.
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Industry News
A last minute Order from then-president Donald Trump will demand
the identification of international customers by infrastructure as a service
provider. While Trump has left the White House and a new administration has
taken office, the order remains in effect unless new President Joe Biden
expressly abrogates it. By decree, the Ministry of Commerce has a duration of
180 days to enact IaaS services regulations, described as cloud services which
allow users to operate non-predetermined software to verify the identity of all
foreign clients. The Trade Secretary shall also decide which foreign countries
or individuals, if any, should be refused the universal service.
Regional
Overview
North
America, Europe, Asia Pacific and the rest of the world regional market for
cloud security are primarily covered in the global cloud security market
research report. The report also covers country-level markets spread across
North America – the United States, Canada, and Mexico. In South America –
Brazil and other country-level cloud security markets are covered in the
report. In Asia-Pacific (APAC) region, the country-level cloud security markets
covered are China, India, Japan, and others. The cloud security market research
report also covers the regional market for cloud security spread across
European countries including the United Kingdom, France, Italy, Spain, and
Germany, etc. The cloud security market research report further explores other
regional markets from the rest of the world including cloud security markets of
the Middle East and Africa. As per the global cloud security market research
report.
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Competitive
Landscape
The
growth in usage of cloud services for data storage and the rise in employee
mobility are expected to accelerate the cloud security market growth worldwide.
The global cloud security market is set to witness challenges including complex
deployment and maintenance, however, companies in the cloud security market
will sustain the growth rate. The cloud security market research report also
offers company profiles of key players operating in the cloud security market
around the world. Additionally, the global cloud security market report
provides detailed analysis of the market based on primary and secondary
research data collected from the cloud security market’s key decision makers as
well as stakeholders. The cloud security market research report covers all such
factors assisting companies in the cloud security market to improve their plans
and portfolio.
Major
Players:
Players
active in the global cloud security market are IBM Corporation (US), Symantec
Corporation (US), Cisco Systems, Inc. (US), CA Technologies, Inc. (US),
Microsoft Corporation (US), Trend Micro Inc. (Japan), Okta, Inc. (US), Cloud
Passage Company (US), Fortinet, Inc. (US), and Intel Corporation(US), among
others.
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