Cloud Security Market Size & Growth, Evaluating Share, Leading Key Players, Outlook & Forecast - 2028

Cloud Security Market by Offering (Solution and Services), Solutions (CASB, CWPP, CSPM, CDR, and CIEM), Services (Professional and Managed), Service Model (IaaS, SaaS, and PaaS), Type, Vertical, and Region - Global Forecast to 2028.
The size of the worldwide cloud security market [https://www.marketsandmarkets.com/Market-Reports/cloud-security-market-100018098.html?utm_campaign=cloudsecuritymarket&utm_source=abnewswire.com&utm_medium=paidpr] is expected to increase at a compound annual growth rate (CAGR) of 9.1% from USD 40.7 billion in 2023 to USD 62.9 billion by 2028. A number of important variables, such as the use of AI and ML for cloud security, the development of DevSecOps methods, the growing use of multi-cloud environments, and the advent of BYOD and CYOD trends, are driving the market for cloud security. In order to safeguard their data and operations, organizations are looking for strong cloud security solutions as they adopt contemporary cloud practices and technology. Taking advantage of this need, cloud security providers are providing cutting-edge solutions to protect digital assets and guarantee data integrity and privacy.

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By vertical segment, the retail & eCommerce vertical will grow at the highest CAGR during the forecasted period.

The retail and eCommerce industry is experiencing the highest CAGR in the cloud security market due to the increased adoption of cloud technologies for digital transformation. Data protection has become a priority, with more sensitive customer data and financial transactions being processed in the cloud. Retailers also face a higher risk of cyberattacks and data breaches, leading to the demand for advanced cloud security solutions. The COVID-19 pandemic has further accelerated the shift towards online shopping, boosting the adoption of cloud technologies in this sector. To tap into this growth opportunity, cloud security providers are customizing their solutions to meet the specific needs of retail and eCommerce, ensuring seamless integration and compliance with industry regulations. Thus, the retail and eCommerce segment is projected to have the highest CAGR during the forecast period.

By Type, Visibility and Risk Assessment holds the largest market size during the forecast period.

By type, Visibility and Risk Assessment hold the largest market size in the cloud security market due to their critical role in enhancing overall cloud security. As cloud environments grow in complexity and scale, organizations face challenges in effectively identifying and managing potential security risks. Visibility solutions provide real-time insights into cloud assets, configurations, and activities, enabling businesses to monitor and detect any suspicious behavior or vulnerabilities proactively. On the other hand, risk assessment tools help organizations assess the security posture of their cloud infrastructure, applications, and data. By conducting thorough risk assessments, businesses can prioritize security measures, allocate resources efficiently, and proactively address potential threats. These capabilities are essential as they empower organizations to stay ahead of evolving cyber threats and maintain a robust security posture in their cloud deployments. The need for comprehensive visibility and risk assessment solutions has grown exponentially as businesses recognize their critical role in safeguarding sensitive data and maintaining compliance with industry regulations.

By region, the Asia Pacific market is to grow at the highest CAGR during the forecast period.

The Asia Pacific region demonstrates solid technological adoption, with a mix of developed and growing economies like China, Japan, India, Australia and New Zealand, and Singapore. Additionally, the governments in the region actively promote internet accessibility, driving demand for cloud security solutions. Also, policy improvements and regulatory enhancements, such as strengthened privacy regulations in Australia, boost adoption. Moreover, unique cybersecurity risks and rising data protection awareness accelerate the demand for cloud security in the region. Furthermore, collaborative initiatives and the adoption of SASE solutions reinforce the region's position as the fastest-growing market for cloud security. Thus, Asia Pacific has the highest CAGR in the cloud security market.

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Unique Features in the Cloud Security Market

Cloud security is increasingly adopting Zero Trust principles, where no user or device is automatically trusted-even if inside the network perimeter. This architecture is uniquely suited for cloud environments where users access services from various locations and devices. It emphasizes continuous verification, micro-segmentation, and least-privilege access, making it a core differentiator in the cloud security landscape.

Unlike traditional security tools, the cloud security market is characterized by cloud-native security solutions that are built to scale, adapt, and integrate with dynamic cloud environments. These include tools like Cloud Security Posture Management (CSPM), Cloud Workload Protection Platforms (CWPP), and Container Security tools. These services automatically monitor configurations, scan vulnerabilities, and provide threat intelligence tailored for cloud-native infrastructure.

Automation is a standout feature in cloud security. Cloud platforms support automated security responses, compliance checks, and incident response processes. Tools can automatically detect misconfigurations or threats and apply predefined remediation steps without human intervention, improving response times and reducing operational burdens.

Cloud security heavily depends on advanced Identity and Access Management. Unlike traditional environments, cloud IAM solutions are deeply integrated and highly scalable, supporting granular access controls, multi-factor authentication, and just-in-time access provisioning. IAM becomes central due to the distributed nature of users and workloads in cloud environments.

Major Highlights of the Cloud Security Market

The cloud security market is experiencing exponential growth, driven by the widespread adoption of cloud computing across industries. As more businesses migrate to the cloud to enhance agility, scalability, and cost-efficiency, the need for robust security solutions is escalating. Analysts project strong compound annual growth rates (CAGR) for the sector, reflecting increased investment and innovation in cloud-native security tools and services.

A significant highlight of the market is the rising frequency and sophistication of cyber threats targeting cloud environments. High-profile data breaches, ransomware attacks, and insider threats have underscored the vulnerability of cloud systems. This has accelerated the demand for advanced threat detection, incident response, and continuous monitoring tools within cloud security offerings.

Organizations are increasingly embracing multi-cloud and hybrid cloud strategies to avoid vendor lock-in and enhance operational flexibility. This shift has created a complex security landscape that requires unified visibility, policy enforcement, and threat detection across diverse environments, boosting the demand for interoperable cloud security platforms.

Compliance with data protection and privacy regulations such as GDPR, HIPAA, CCPA, and PCI-DSS is a key driver in the cloud security market. Cloud security solutions now integrate compliance mapping, automated reporting, and continuous audit capabilities, helping businesses stay ahead of regulatory scrutiny while minimizing risk exposure.

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Top Companies in the Cloud Security Market

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) are the key players and other players in the cloud security market.

Broadcom (US) is a global player in the cloud security market, renowned for its advanced infrastructure solutions and engineering excellence. With a diverse product portfolio and expertise in semiconductor and infrastructure software, Broadcom is well-equipped to meet the unique challenges of cloud security. The company's category-leading offerings span data center networking, storage, enterprise and mainframe software, telecoms, and factory automation, providing comprehensive solutions to safeguard cloud-based infrastructure, applications, and platforms. Additionally, strategic acquisitions, including Symantec (US) and CA Technologies (US), have bolstered Broadcom's position, enabling them to deliver integrated security solutions tailored to the evolving needs of cloud environments. With a strong record of innovation and commitment to driving advancements in cloud security technology, Broadcom continues to be a significant force in this rapidly growing market.

AWS (US), a subsidiary of Amazon, is a prominent player in the cloud security market, offering a wide range of infrastructure and services to enhance cloud security. With AWS, businesses gain the control and confidence needed to securely run their operations in a flexible, secure cloud computing environment. AWS provides data centers and a network to protect information, identities, applications, and devices, ensuring organizations meet core security and compliance requirements. AWS offers fine-grain identity and access controls, continuous monitoring for real-time security information, and automation of security tasks to reduce risks and enhance overall security posture. Additionally, AWS sets high privacy and data security standards through encryption capabilities and automatic encryption of data flowing across its global network. With the largest ecosystem of security partners and solutions, AWS allows customers to deploy a comprehensive security architecture and seamlessly integrate cloud and on-premises environments while meeting global compliance requirements.

Apart from prominent vendors, other players include Skyhigh Security, FireMon, Sysdig, LookOut, Fidelis Cybersecurity, DataTheorem, OpsCompass, Tufin, Menlo Security, Tigera, Orca Security, Ascend Technologies, Secberus, Ermetic, Sonrai Security, Wiz, Caveonix, Banyan cloud, and AccuKnox which are also evolving in the cloud security market.

Ermetic (Israel) is a leading player in the cloud security market, offering a holistic and effective approach to safeguarding cloud infrastructures. With a strong emphasis on identity-based security, its SaaS solution enables organizations to prevent breaches by continuously analyzing and monitoring permissions, configurations, and behavior across various cloud resources. Using advanced analytics and automation, Ermetic empowers businesses to identify and address security risks in real-time, reducing their attack surface and enforcing the principle of least privilege at scale. The company's CNAPP provides comprehensive visibility and control over cloud security, making it a preferred choice for Fortune 50 companies and organizations looking to bolster their cloud security posture, ensure compliance, and protect their cloud data.

Orca Security (US) is a leading company that helps businesses stay secure in the cloud. It makes cloud security fast, easy, and affordable for organizations. With an innovative platform, it can quickly identify and prioritize security risks in the cloud. The company's strengths lie in its simple onboarding process and context-aware security, which provides insights into various risks. Moreover, the company has automation capabilities to fix vulnerabilities and improve overall cloud security efficiently. Orca Security is recognized for its commitment to employees and has strong partnerships with technology vendors. The company focuses on offering comprehensive cloud security solutions and building strong relationships with its customers and partners.

Forcepoint (US), headquartered in Austin, Texas, is a leading cybersecurity company that focuses on safeguarding organizations' data and users. The company leverages a human-centric approach to security, aiming to understand how users interact with data and systems to prevent breaches and insider threats. Forcepoint's solutions encompass a broad range of security needs, including data loss prevention (DLP), user and entity behavior analytics (UEBA), cloud security, and network security. They provide comprehensive protection across on-premises, cloud, and hybrid environments. By integrating behavior-based analytics, Forcepoint helps organizations detect and mitigate risks more effectively, enhancing overall security posture. The company's emphasis on understanding human behavior sets it apart in the cybersecurity landscape, enabling more proactive and adaptive security measures.

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