Press release
Global Cloud Security Market: Thriving Growth Expected With a CAGR of 22.0% by 2029 Alongside Key Market Drivers and Trends
Cloud Security Market
The Rapid Advancements in Cloud Security and Compliance Requirements are Shaping the Market's Growth Landscape
What Is The Projected Market Size Of The Global Cloud Security Market And Its Growth Rate?
The Cloud Security market has been exhibiting robust growth over the years. The key statistics are as follows:
• Market Size in 2024: $17.11 billion
• Market Size in 2025: $19.71 billion (15.2% CAGR)
• Expected Market Size in 2029: $43.7 billion (22.0% CAGR)
The growth can be accounted for regulatory compliance requirements, focus on identity and access management, bring your own device trend, and advanced persistent threats.
What Is Driving The Growth In The Cloud Security Market?
The cloud security market is being primarily driven by the escalating number of cyberattacks worldwide. A cyberattack is a malicious attempt by an individual or organization to compromise the data security of another individual or organization. Due to this, organizations extensively utilize cybersecurity to minimize cyberattacks, resulting in an increased demand for cybersecurity. For instance, according to the World Economic Forum in November 2022, the cost of cybercrime increased by 14% in 2022-23 from 2021-22. Therefore, the burgeoning number of cyber-attacks underpins the growth of the cloud security market.
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Who Are the Key Players Driving Cloud Security Market Growth?
The cloud security market is influenced by several key players, including:
• Microsoft Corporation
• Cisco Systems Inc.
• Cloudflare Inc.
• FireEye Inc.
• International Business Machines Corporation
• McAfee Corp.
• Palo Alto Networks Inc.
• Proofpoint Inc.
• Qualys Inc.
• Trend Micro Incorporated
What Are The Key Trends In The Cloud Security Market?
The key trends advancing the cloud security market include:
• Multi-cloud security strategies
• Collaboration with managed security service providers
• Secure cloud-native networking
• Identity and access management enhancements
• Integrated cloud security platforms
What Are The Segments Of The Global Cloud Security Market?
The cloud security market is segmented by the following criteria:
• By Security Type: Application Security, Database Security, Endpoint Security, Network Security, Web And Email Security
• By Service Model: Infrastructure-As-A-Service (IaaS), Platform-As-A-Service (PaaS), Software-As-A-Service (SaaS)
• By Deployment: Public, Private, Hybrid
• By End User: BFSI, Healthcare, IT And Telecom, Other End Users
Which Region Leads The Cloud Security Market?
North America had the largest market share in the cloud security market in 2024. However, Asia-Pacific is expected to witness the fastest growth during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cloud Security Market Global Market Report?
- Market Size Analysis: Analyze the Cloud Security Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Security Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Security Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Security Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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