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Cloud Compliance Market Share will gain $59.1 billion by 2027

10-04-2022 10:34 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Cloud Compliance Market Trends

Cloud Compliance Market Trends

According to a research report "Cloud Compliance Market by Component (Software (CSPM, CWPP, CASB, and CNAPP) and Services), Application, Cloud Model (IaaS, PaaS, and SaaS), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global cloud compliance market is projected to grow from USD 30.0 billion in 2022 to USD 59.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period.

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The growth of the cloud compliance market can be attributed to the growing need among organizations to meet cloud compliance standards. Moreover, the surge in cloud adoption during the COVID-19 pandemic fuels the growth of the cloud compliance market.

Browse in-depth TOC on "Cloud Compliance Market"
318 - Tables
64 - Figures
307 - Pages

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By services, the professional services subsegment is expected to account for the largest market size during the forecast period

The professional services subsegment is expected to account for the largest market share among services. Professional services provided by cloud service providers (CSPs) help organizations accelerate the deployment by following and adopting the best practices. The technicalities in implementing cloud compliance solutions are expected to fuel the demand for professional services.

By cloud model, the IaaS segment is expected to grow at a higher CAGR during the forecast period

The Infrastructure-as-a-Service (SMEs) segment is expected to account for a higher CAGR growth during the forecast period. IaaS provides virtualized computing resources, virtual networking, virtual storage, and virtual machines; and is hosted by cloud computing vendors. The use of IaaS is increasing due to the low upfront costs associated with its deployment. Enterprises do not need to maintain or purchase hardware for the same.

By region, North America is expected to account for the largest market size during the forecast period

North America is expected to account for the largest share in the cloud compliance market. North America, for this study, includes the US and Canada. It is one of the most technologically advanced regions in the world. The region is well-connected with advanced infrastructure, which helps cloud compliance vendors offer quality services to their clients. It offers the most innovative and fastest services available in the world through its network infrastructure. The cloud compliance market in North America is competitive due to the presence of a large number of solution providers. The market in this region is already at a mature stage and is expected to witness slower growth compared to the other regions. The key growth driver of the North American cloud compliance market is the presence of most top market vendors, such as Microsoft, IBM, AT&T, Broadcom, Qualys, and Nutanix.

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Market Players

The major vendors in the cloud compliance market include Microsoft (US), IBM (US), Check Point (Israel), AT&T (US), Broadcom (US), Qualys (US), Nutanix (US), Sophos (UK), Oracle (US), and Palo Alto Networks (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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