Cloud Security Market Overview

Cloud Security Market Size was valued at USD 25.1 billion in 2022. The Cloud Security market industry is projected to grow from USD 30.4 Billion in 2023 to USD 97.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.72% during the forecast period (2023 - 2030). As per analysts, the growth of the online market along with the expansion of IT infrastructure will drive the market growth throughout the forecast period. The cloud security market research report provides an in-depth analysis of the global cloud security market and its end users applications, types, and deployment segments. The high cost as well as privacy concerns are the factors which could affect the cloud security market growth during the forecast period. The cloud security market research report by expert analysts is intended to help companies in the cloud security market.

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Market Segmentation

The global cloud security market has been segmented based on end users applications, types, and deployment. On the basis of deployment, the market for cloud security is segmented based on private, public, hybrid. Additionally, the market on the basis of types, is segmented into cloud database security, network security, virtualization. The global market for cloud security is also covered based on the end-user segment which is further split into BFSI, IT & telecom, retail, and healthcare.

Key influences such as lack of skilled professionals could obstruct the cloud security market growth. However, as per the cloud security market research report, the expansion of the telecom sector as well as the growing cyber-attacks on the cloud will drive growth during the forecast period. These key growth factors will help support the cloud security market growth at a high CAGR. The segmental analysis of end users applications, types, and deployment segments as well as regional market analysis has been presented in the global cloud security market research report. Analysts studying the cloud security market have presented projections in the cloud security market research report assisting cloud security market-based companies in numerous ways. The cloud security market research report offers crucial details about the cloud security market based on the data and forecasts till 2022.

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Industry News

A last minute Order from then-president Donald Trump will demand the identification of international customers by infrastructure as a service provider. While Trump has left the White House and a new administration has taken office, the order remains in effect unless new President Joe Biden expressly abrogates it. By decree, the Ministry of Commerce has a duration of 180 days to enact IaaS services regulations, described as cloud services which allow users to operate non-predetermined software to verify the identity of all foreign clients. The Trade Secretary shall also decide which foreign countries or individuals, if any, should be refused the universal service.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for cloud security are primarily covered in the global cloud security market research report. The report also covers country-level markets spread across North America – the United States, Canada, and Mexico. In South America – Brazil and other country-level cloud security markets are covered in the report. In Asia-Pacific (APAC) region, the country-level cloud security markets covered are China, India, Japan, and others. The cloud security market research report also covers the regional market for cloud security spread across European countries including the United Kingdom, France, Italy, Spain, and Germany, etc. The cloud security market research report further explores other regional markets from the rest of the world including cloud security markets of the Middle East and Africa. As per the global cloud security market research report.

Competitive Landscape

The growth in usage of cloud services for data storage and the rise in employee mobility are expected to accelerate the cloud security market growth worldwide. The global cloud security market is set to witness challenges including complex deployment and maintenance, however, companies in the cloud security market will sustain the growth rate. The cloud security market research report also offers company profiles of key players operating in the cloud security market around the world. Additionally, the global cloud security market report provides detailed analysis of the market based on primary and secondary research data collected from the cloud security market’s key decision makers as well as stakeholders. The cloud security market research report covers all such factors assisting companies in the cloud security market to improve their plans and portfolio.

Major Players:

Players active in the global cloud security market are IBM Corporation (US), Symantec Corporation (US), Cisco Systems, Inc. (US), CA Technologies, Inc. (US), Microsoft Corporation (US), Trend Micro Inc. (Japan), Okta, Inc. (US), Cloud Passage Company (US), Fortinet, Inc. (US), and Intel Corporation(US), among others.

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