Cloud Security Market is expected to grow at a CAGR of 12.47% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Cloud Security Market size was valued at USD 27.5 billion in 2020 growing at a CAGR of 12.47% from 2021 to 2028.
• North America dominated the market in 2020
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Cloud Security Market size accounted for USD 27.5 Billion in 2020, growing at a CAGR of 12.47% from 2021 to 2028. Cloud security refers to the set of policies, technologies, and controls implemented to protect data, applications, and infrastructure in cloud computing environments. As organizations increasingly adopt cloud services and migrate their data and applications to the cloud, the need for robust security measures becomes crucial to ensure the confidentiality, integrity, and availability of sensitive information.

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With the growing volume of data being stored and processed in the cloud, concerns about data protection and privacy have become paramount. Cloud security solutions help address these concerns by implementing encryption, access controls, and other measures to safeguard data. Many industries and regions have specific regulations and compliance standards governing the handling of sensitive data. Cloud security solutions assist organizations in meeting these requirements by providing features such as audit trails, access monitoring, and encryption. As more organizations transition to cloud-based infrastructure and services, the attack surface for potential threats expands. This drives the demand for advanced security measures to protect against a wide range of cyber threats.

Key Players
Some of the major Cloud Security Market players holding high market shares include Microsoft, Cisco, Trend Micro, McAfee, and Qualys. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Amazon Web Services, Broadcom, Checkpoint, IBM, Foreseeti

Report Description: https://evolvebi.com/report/cloud-security-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Segmental Analysis
Based on the service model, the Cloud Security market is segmented into IaaS, PaaS, SaaS. IaaS is the largest service model in the Cloud Security market. This is due to the growing adoption of cloud computing and the need for security measures to protect IaaS infrastructure.
Based on security type, the Cloud Security market is Perimeter Security, Network Security, Endpoint Security, and Others. Perimeter security is the largest security type in the Cloud Security market. This is due to the need to protect cloud-based applications and data from external threats.
Based on application, the Cloud Security market is a Visibility and Risk Assessment, User and Data Governance, Activity Monitoring and Analytics, Threat Protection and Remediation, and Other applications. Visibility and risk assessment is the largest application in the Cloud Security market. This is due to the need to identify and assess security risks in cloud environments.
Based on vertical, the Cloud Security market is Information, Finance and Insurance, Healthcare and Social Assistance, Retail Trade, Manufacturing, Utilities, and Others. Finance and Insurance is the largest vertical in the Cloud Security market. This is due to the strict security and compliance requirements of the financial services industry.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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