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Countering The Surge In Cyberattacks Catalyzing The Growth Of The Cloud Security Market Emerges as a Core Driver of the Cloud Security Market in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Cloud Security Market Through 2025?
The market for cloud security has experienced significant growth in recent years, with an expected increase from $17.11 billion in 2024 to $19.55 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.3%. Factors contributing to this growth during the historic period include regulatory compliance demands, an emphasis on identity and access management, the trend of bring your own device, and advanced persistent threats.
What's the Projected Size of the Global Cloud Security Market by 2029?
In the years ahead, the cloud security market size is projected to witness a significant expansion. The market is estimated to balloon to $42.79 billion by 2029, with a compound annual growth rate (CAGR) of 21.6%. This growth during the forecast period can be credited to the adoption of zero trust security models, implementation of container security measures, increased global privacy worries, and heightened security awareness training. During this forecast period, major trends such as multilayered-cloud security tactics, partnerships with managed security service providers, securing of cloud-native networks, enhancements to identity and access management, and amalgamated cloud security platforms are expected to take center stage.
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Top Growth Drivers in the Cloud Security Industry: What's Accelerating the Market?
The growth of the cloud security market is projected to be fueled by the increasing incidence of cyberattacks. A cyberattack, which is a targeted and intentional endeavour by a person or organization to infiltrate another entity's data, prompts businesses to employ cybersecurity measures to mitigate such threats. Thus, as the frequency of these attacks grows, so does the demand for the cybersecurity market. For example, the World Economic Forum, a Switzerland-based institution, recorded a 14% spike in the cost of cybercrime from 2022-23, compared to 2021-22. This surge in cybercrime incidents is therefore propelling the expansion of the cloud security market.
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What Trends Will Shape the Cloud Security Market Through 2029 and Beyond?
The trend towards Technological Advancements is becoming increasingly prominent within the cloud security market. Several companies are introducing innovative technological solutions in cloud security to satisfy customer wants. For example, in May 2023, Amazon Web Services, an American cloud computing company, launched Amazon Security Lake, a new service in cloud security. This offering automatically consolidates security data from various sources into a specialised data lake tailored for an organisation. It aids customers in enhancing their security stance, quicker responses to security incidents, and makes the management of security data across hybrid and multi cloud environments more uncomplicated.
What Are the Main Segments in the Cloud Security Market?
The cloud securitymarket covered in this report is segmented -
1) By Security Type: Application Security, Database Security, Endpoint Security, Network Security, Web And Email Security
2) By Service Model: Infrastructure-As-A-Service (IaaS), Platform-As-A-Service (PaaS), Software-As-A-Service (SaaS)
3) By Deployment: Public, Private, Hybrid
4) By End User: BFSI, Healare, IT And Telecom, Other End Users
Subsegments:
1) By Application Security: Web Application Firewalls (WAF), Application Security Testing, Identity And Access Management (IAM)
2) By Database Security: Data Encryption, Database Activity Monitoring, Vulnerability Assessment
3) By Endpoint Security: Endpoint Detection And Response (EDR), Mobile Device Management (MDM), Antivirus And Anti-malware Solutions
4) By Network Security: Intrusion Detection And Prevention Systems (IDPS), Virtual Private Networks (VPN), Secure Access Service Edge (SASE)
5) By Web And Email Security: Email Filtering And Anti-Phishing Solutions, Secure Web Gateways, URL Filtering
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Which Top Companies are Driving Growth in the Cloud Security Market?
Major companies operating in the cloud security market include 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, Zscaler Inc., Akamai Technologies Inc., Alphabet Inc., Barracuda Networks Inc., CrowdStrike Holdings Inc., CyberArk Software Ltd., Fidelis Cybersecurity Inc., Forcepoint LLC, Lacework Inc., Netskope Inc., Splunk Inc., Symantec Corporation, Tenable Inc., VMware Inc., Broadcom Inc., Sophos Group PLC, Bitglass Inc., Imperva Inc., CloudPassage Inc., Avanan Inc., Illumio Inc., vArmour Inc., Aqua Security Inc., SiteLock LLC, plc,Amazon Web Services Inc., Check Point Software Technologies Ltd.,
Which Regions Will Dominate the Cloud Security Market Through 2029?
North America was the largest region in the cloud security market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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