Cloud Security Market

The global cloud security market is foreseen to grow by 15.4%, from USD 40.61 Billion in 2021 to USD 127.73 Billion in 2029. Growing sophistication of cybercrimes, cyber espionage campaigns, and generation of new cyberattacks, upsurge in BYOD and CYOD trends to boost the demand for cloud security, upthrust in the use of cloud-based solutions and MSS drive the market for the upcoming forecast period. However, distrust and weak collaboration among enterprises and cloud security service providers remains one factor hindering the market growth over the anticipated period.

Market Definition

What Is Cloud Security?

Cloud security is a collection of security measures designed to protect cloud-based infrastructure, Deployment Models, and data. These measures ensure user and device authentication, data and resource access control, and data privacy protection. They also support regulatory data compliance. Cloud security is employed in cloud environments to protect a company's data from distributed denial of service (DDoS) attacks, malware, hackers, and unauthorized user access or use.

Market Overview

The cloud security market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the cloud security market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global cloud security market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Cloud security market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the cloud security market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the cloud security market include Amazon Web Services, Aqua Security, Avanan, Bitglass (Forcepoint), Broadcom, Check Point, Ciphercloud, Cisco, Cloudflare, Cloudpassage, Fireeye, Forcepoint, Foreseeti, Fortinet, Google, IBM, Illumio, Imperva, Mcafee, Microsoft, Netskope, Palo Alto Networks, Proofpoint, Qualys, Sitelock, Sophos , Tenable, Trend Micro , Varmour, Zscaler

COVID-19 Impact on Global Cloud Security Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. the impact of COVID-19 on the cloud security market has forced the companies to change their sourcing, pricing, and promotion strategies. the cloud security market players are seen focusing more on optimizing the e-commerce networks with the rising innovations in the digital sector, which are creating new business models for the Information & Communications Technology industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). the market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and cloud security market future markets are analyzed to understand their impact on demand for the forecast period. growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global cloud security market segmented on the basis of security type, solution type, service model, deployment model, organization type, Deployment Model, and region:

Security Type Outlook:

On the basis of security type, the market is segmented into deployment model security, database security, endpoint security, network security, web and email security.

Solution Type Outlook:

On the basis of solution type, the market is segmented into Data Loss Prevention (DLP), Encryption, Identity and Access Management (IAM), Intrusion Detection System (IDS)/Intrusion Prevention System (IPS), Security Information and Event Management (SIEM), Others.

Figure 1 Cloud Security Market By Solution Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Service Model Outlook:

On the basis of service model, the market is segmented into Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS).

Deployment Model Outlook:

On the basis of deployment model, the market is segmented into hybrid cloud, private cloud, public cloud.

Figure 2 Deployment Model Outlook (Revenue, USD Million, 2021)

Organization Type Outlook:

On the basis of organization type, the market is segmented into small and medium enterprises (SMEs), large enterprises.

Application Outlook:

On the basis of application, the market is segmented into aerospace and defense, automotive, banking, financial services, and insurance (BFSI), energy and utilities, government and public utilities, healthcare and life sciences, it and telecom, manufacturing retail, others.

Regional Outlook (Revenue, USD million; 2021 & 2029)

Figure 3 Cloud Security Market: Regional Dynamics

An exclusive cloud security market research report provides an in-depth analysis of the market dynamics across five regions: North America, Europe, South America, Asia-Pacific, Middle East, and Africa. Furthermore, the market has been evaluated by utilizing diverse research Methodologies and internal statistical model.

Companies Considered And Profiled In This Market Study

The players operating in the market have undertaken several strategies related to the market in the period 2019-2021. some of the prominent players in the cloud security market include

·       Amazon Web Services

·       Aqua Security

·       Avanan

·       Bitglass (Forcepoint)

·       Broadcom

·       Check Point

·       Ciphercloud

·       Cisco

·       Cloudflare

·       Cloudpassage

·       Fireeye

·       Forcepoint

·       Foreseeti

·       Fortinet

·       Google

·       IBM

·       Illumio

·       Imperva

·       Mcafee

·       Microsoft

·       Netskope

·       Palo Alto Networks

·       Proofpoint

·       Qualys

·       Sitelock

·       Sophos

·       Tenable

·       Trend Micro

·       Varmour

·       Zscaler

Global Cloud security market Report Scope

Security type Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Application Security

·       Database Security

·       Endpoint Security

·       Network Security

·       Web and Email Security

Solution Type Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Data Loss Prevention (DLP)

·       Encryption

·       Identity and Access Management (IAM)

·       Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)

·       Security Information and Event Management (SIEM)

·       Others

Service Model Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Infrastructure-as-a-Service (IaaS)

·       Platform-as-a-Service (PaaS)

·       Software-as-a-Service (SaaS)

Deployment Model Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Hybrid Cloud

·       Private Cloud

·       Public Cloud

Organization Type Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Small and Medium Enterprises (SMEs)

·       Large Enterprises

Application Outlook (Revenue, USD Million/Billion; 2018-2029)

·       Aerospace and Defense

·       Automotive

·       Banking, Financial Services, and Insurance (BFSI)

·       Energy and Utilities

·       Government and Public Utilities

·       Healthcare and Life Sciences

·       IT and Telecom

·       Manufacturing

·       Retail

·       Others

Regional Outlook (Revenue, USD Million/Billion; 2018-2029)

·       North America

o   U.S.

o   Canada

·       Europe

o   Germany

o   U.K.

o   France

o   Spain

o   Italy

o   Rest of the Europe

·       Asia Pacific

o   India

o   Japan

o   China

o   South Korea

o   Australia

o   Rest of Asia-Pacific

·       Middle East & Africa

o   UAE

o   Saudi Arabia

o   South Africa

o   Rest of Middle East & Africa

·       Latin America

o   Brazil

o   Mexico

o   Argentina

o   Rest of Latin America

Reasons to Buy the Report:

·       Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global cloud security market

·       Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

·       The key findings and recommendations highlight crucial progressive industry trends in the cloud security market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.

·       Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

·       Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

·       Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.