Cloud Security Market Size in 2023 To 2029 | IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks

The Cloud Security research report gives complete information about the trade evolving markets and studies vision across the well-known segments of the markets. The Cloud Security research report highlights a bunch of constantly changing market situations as well as future evaluations of various factors that totally affect the market. The Cloud Security research report gives complete data regarding the profitable developing markets and examines insight across the established parts of the markets.

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The key vendors in the global cloud security market include IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Imperva (US), Trellix (US), Rapid7 (US), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US).

The report divides the global Cloud Security market by application, by region, by type, and by end user. This Cloud Security report segmented the global Cloud Security market broadly and delivers the closest approach of the profits for the overall market and the sub-segments across different verticals and regions. This report helps stakeholders understand the pulse of the Cloud Security market and gives them knowledge on key market drivers, limitations, challenges, and opportunities.

This Cloud Security market research report surveys all the new enhancements and revolutions in the market. On the top of that, the research study also deals with market activities like drivers, new possibilities, discrimination, and obstacles. It gives the data regarding the obstacles while establishing the business and guides to overcome the future challenges and obstacles. Moreover, this report will help stakeholders to understand opponents better and gain more insights to better their position in their industries. The report similarly evaluates the patterns in the parent market, beside the common factors and market share by countless segments.

The COVID-19 pandemic has impacted most of the businesses across the world. Hence, to show its impact on the Cloud Security market, the report gives an in-depth breakdown of the COVID-19 crisis on the Cloud Security market in the particular region. This Cloud Security market research report tracks all the recent developments and innovations in the market. The growth of the Cloud Security market was mainly driven by the increasing R&D spending across the world. The Cloud Security Market research report provides information about market insight that delivers comprehensive information on the market offered by the key market players.

"The expansion of the cloud security market is propelled by the need for the rise in BYOD and CYOD trends, the growth of DevSecOps practices, increasing adoption of multi-cloud environments, increasing adoption of multi-cloud environments, and the use of AI and ML for cloud security, contributing to the market growth and the overall development of the cloud security market."

The global cloud security market size is projected to grow from USD 40.7 billion in 2023 to USD 62.9 billion by 2028 at a CAGR of 9.1% during the forecast period. The market growth in cloud security is fueled by various factors, including the high adoption of multi-cloud environments, the growing usage of advanced technologies such as AI and ML for cloud security, the increment in the BYOD and CYOD trends, the growth of DevSecOps approaches and practices, and increasing adoption of multi-cloud environments.

"By type, the Data Security segment will grow at the largest market size during the forecast period."

Data Security holds the highest CAGR during the forecasted period in the cloud security market as it has grown rapidly with more businesses using cloud services to store their data. As cyber-attacks and data breaches increase, companies want better cloud information protection. There are also strict laws about data privacy that companies must follow. Additionally, with more people working remotely, securing data in the cloud has become even more important. Cloud providers and other companies offer specialized security solutions to keep data safe in the cloud. All these reasons have led to a significant increase in the demand for cloud data security, making it the fastest-growing segment in the market.

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Research Coverage

The report segments the cloud security market and forecasts its size by offerings (solution and services), keys (CASB, CWPP, CSPM, CDR, and CIEM), services (professional and managed), service model (IaaS, SaaS, and PaaS), type (visibility & risk assessment, governance, IAM, data security, and disaster recovery & business continuity), verticals (BFSI, healthcare, government, retail & eCommerce, IT & ITeS, manufacturing, gaming & entertainment, telecommunication, energy & utilities, travel & hospitality, and research & academia, and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cloud security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This release was published on openPR.