Cloud Network Security Software Market

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cloud Network Security Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $12.13 Bn In 2028 At A CAGR Of 26.1% :

The cloud network security software market size has grown exponentially in recent years. It will grow from $3.82 billion in 2023 to $4.8 billion in 2024 at a compound annual growth rate (CAGR) of 25.9%. The growth in the historic period can be attributed to data breaches, regulatory compliance, increased cloud adoption, security incidents, digital transformation initiatives.

The cloud network security software market size is expected to see exponential growth in the next few years. It will grow to $12.13 billion in 2028 at a compound annual growth rate (CAGR) of 26.1%. The growth in the forecast period can be attributed to IoT expansion, edge computing, AI and machine learning adoption, hybrid and multi-cloud environments, remote workforce trends. Major trends in the forecast period include increased emphasis on zero trust architecture, rise of cloud-native security solutions, integration of security orchestration and automation, enhanced threat intelligence sharing, heightened regulatory scrutiny.

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Cloud Network Security Software Market Major Segments
The cloud network security software market covered in this report is segmented -

1) By Security Type: Application Security, Database Security, Network Security, Web And Email Security
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Application: Identity And Access Management (IAM), Data Loss Prevention (DLP), Security Information And Event Management (SIEM)
4) By End-User: Healthcare, Banking And Financial Services, Retail And Consumer Services, Manufacturing, Transport And Logistics, Information Technology (IT) And Telecom, Other End-Users

Key Driver - Surging Cyber Threats Fueling Growth In Cloud Network Security Market

The rising occurrences of cyber threats is expected to propel the growth of cloud network security software market going forward. The occurrence of cyber threats is driven by factors such as the increasing sophistication of cybercriminals, the expanding attack surface due to the proliferation of internet-connected devices, and the pursuit of monetary gain. Cloud network security software is utilized to implement robust defense mechanisms, including encryption, access controls, threat detection, and incident response protocols, to safeguard cloud-based infrastructure and data from a wide range of cyber threats. For instance, in January 2023, according to a report by Check Point, an Israel-based software security provider, there was a 38% surge in global cyberattacks in 2022 compared to 2021. Therefore, rising occurrences of cyber threats will drive the cloud network security software market.

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Prominent Trend - Integration Of Comprehensive Security Suites Reshaping The Cloud Network Security Market

Major companies operating in the cloud network security software market are crafting security suites, such as log management security suites, to further advance their offerings and meet the evolving security needs of cloud-based environments. A cloud-native log management security suite provides comprehensive protection for log data in cloud-native environments, including encryption, access controls, auditing, threat detection, and compliance monitoring. For instance, in April 2023, International Business Machines Corporation (IBM), a US-based technology company, launched the IBM security QRadar suite to streamline the security analyst experience throughout the entire incident lifecycle. This suite marks a significant advancement in the QRadar brand, encompassing core threat detection, investigation, and response technologies, with a focus on innovation and efficiency across the portfolio. It includes a common, integrated user interface that empowers analysts to work more quickly and efficiently throughout investigation and response processes, with shared insights and automated actions across multiple tools and data sources. The suite is delivered as a service on AWS, allowing for simplified deployment across cloud environments and integration with public cloud and SaaS log data. It includes a new, cloud-native security observability and log management capability optimized for large scale data ingestion, sub-second search, and rapid analytics.

Cloud Network Security Software Market Players
Major companies operating in the cloud network security software market are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd. , Intel Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc. , VMware Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies Inc., F5 Networks Inc., Splunk Inc., Check Point Software Technologies Ltd., FireEye Inc., Trend Micro Inc., CrowdStrike Holdings Inc., Zscaler Inc., Sangfor Technologies Inc., Cloudflare Inc., Rapid7 Inc., Barracuda Networks Inc., Pulse Secure LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cloud network security software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud network security software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Network Security Software Market Report Structure
3. Cloud Network Security Software Market Trends And Strategies
4. Cloud Network Security Software Market - Macro Economic Scenario
5. Cloud Network Security Software Market Size And Growth
…..
27. Cloud Network Security Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

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