Cloud Security In Energy Market 2024 - By Size, Industry Analysis, Segmentation And Outlook 2033

The new report published by The Business Research Company, titled "" Cloud Security In Energy Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the cloud security in energy market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The cloud security in energy market size is expected to see rapid growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.

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IoT Expansion Fuels Surge In Cloud Security Demand Within The Energy Sector
The rapid adoption of IoT devices is expected to propel the growth of cloud security in the energy market going forward. The Internet of Things (IoT) refers to non-traditional computing hardware, including machines, appliances, actuators, sensors, and wirelessly connected machines that are capable of transmitting data over a network. IoT devices enable the continuous monitoring of widely distributed operations, providing real-time data for energy to optimize their processes and improve efficiency. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion in 2025. Therefore, the rapid adoption of IoT devices is driving the growth of cloud security in energy.

Strategic Partnership For Enhanced Cloud Security In The Energy Sector
Major companies operating in the cloud security in the energy market are focused on strategic partnerships to increase their profitability in the market. A strategic partnership is a collaborative agreement between two or more organizations to achieve mutually beneficial goals. For instance, in October 2023, Tenable Inc., a US-based cyber security company, partnered with Siemens Energy AG, a US-based energy company, to strengthen the security of operational technology (OT) settings in the energy industry. Through the partnership, Siemens Energy's Omnivise T3000 cybersecurity is expected to be strengthened, making easier industry standard compliance possible. Siemens Energy has leveraged Tenable OT Security for asset discovery and vulnerability management, and now, building on years of collaboration, the company will integrate Tenable OT Security as a network intrusion detection system (NIDS) into their Omnivise T3000 control system.

The cloud security in energy market covered in this report is segmented -

1) By Service: Infrastructure as a service (IaaS), Platform as a service (PaaS), Software as a service (SaaS)
2) By Solution Type : Identity and Access Management, Data Loss Prevention, IDS/IPS, Security Information and Event Management, Encryption
3) By Infrastructure: Servers, Storage, Networking equipment
4) By Platforms: Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP)

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Major companies operating in the cloud security in energy market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Acce*nture Plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., Broadcom Inc., SAP SE, ABB Ltd., Salesforce.com Inc., NTT DATA Corporation, Cognizant Technology Solutions Corporation, Infosys Limited, VMware Inc., Wipro Limited, Tech Mahindra Limited, Palo Alto Networks Inc., Fortinet Inc., Red Hat Inc., Trend Micro Incorporated, Nutanix Inc., Zscaler Inc., Sophos Ltd.

Contents of the report:
1. Executive Summary
2. Cloud Security In Energy Market Report Structure
3. Cloud Security In Energy Market Trends And Strategies
4. Cloud Security In Energy Market - Macro Economic Scenario
5. Cloud Security In Energy Market Size And Growth
…..
27. Cloud Security In Energy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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