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In 2022, the Cloud Security Market is expected to be worth USD 25.8 billion. The Cloud Security market is expected to increase from USD 30.8 billion in 2023 to USD 97.7 billion by 2030, at a compound annual growth rate (CAGR) of 5.72% between 2023 and 2030. Cloud security is improving as a result of the cloud's vulnerability to hackers. This data is used to transfer huge amounts of data, which led the biggest boom in the cloud security business in many industries, including telecom and IT departments, contributing to market drivers over the forecast period.
The current research study includes an examination of cloud security market trends. The new research study includes the most significant stakeholders, conference and webinar materials, patent analysis, pricing analysis, and market buying behaviour. The primary drivers driving the cloud security market include increasing cybercrime sophistication, cyber espionage activities, and the production of new cyberattacks, an increase in the adoption of cloud-based solutions, and an increase in BYOD and CYOD trends. Furthermore, increased government attempts to assist smart infrastructure projects, as well as secure online payment applications, social media, and operating systems, would present attractive prospects for cloud security companies.
Crypto-jacking attacks in the cloud are caused by the shifting value of cryptocurrencies customised with enhanced decision capabilities. CoinStomp, for example, is malware composed of shell scripts that attempt to mine bitcoin using cloud compute instances maintained by network security providers. Users and providers of IT security have the chance to deploy the appropriate countermeasures. A declining trend in the exposure of public cloud storage services implies that organisations are taking security precautions. Malware assaults like CoinStomp are anticipated to promote the adoption of cloud security services like user and data governance, identity and access management, and others.
Cloud data is more vulnerable to hackers than data saved on organisation servers. Cloud-based cyberattacks against enterprises increased by 630% between January and April 2020, according to McAfee. This growth was caused by an increase in the use of cloud collaboration tools and services, such as Microsoft Teams, Cisco WebEx, and Zoom, as a result of the scattered work from home environment. Because of the expanding number of SMEs that employ web- and cloud-based tools and apps, these businesses have become excellent targets for threat actors. Cloud security is now required for all businesses to defend their networks against sophisticated cyberattacks. Cloud security is critical in today's fast expanding cyber threat scenario. Emerging cloud security threats include data breaches, insecure interfaces and Application Programming Interfaces (APIs), misconfiguration, account hijacking, malicious insider and outsider threats, and Distributed Denial of Service (DDoS) attacks. As a result, protecting an enterprise's network from cloud-based cyber threats is critical for sustaining an enterprise's growth through investing in cloud security.
Large and small businesses are cautious to shift their operations to the cloud because they do not totally trust Cloud Service Providers (CSPs). This lack of trust is regarded as a result of ambiguity in Service Level Agreements (SLAs) and security or privacy policies, standard terms and conditions, cloud service immaturity, data breaches, and a variety of other difficulties. The infrastructure of a cloud service provider houses essential data for organisations and is thus particularly vulnerable to frequent and complicated assaults; this can prevent corporations from entrusting their confidential data to these service providers. Following a transparent information security approach by cloud security service vendors may allow businesses to obtain their clients' trust. Such examples of scepticism about cloud computing technologies for data storage are impeding the growth of the cloud security sector.
Report Coverage
Global Cloud Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Security market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Okta Inc. (US), Microsoft Corporation (US), Intel Corporation(US), Fortinet, Cisco Systems Inc. (the US), IBM Corporation (US), Symantec Corporation (US), Trend Micro Inc. (Japan), CA Technologies Inc., and CloudPassage Company (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Security market based on the below-mentioned segments:
Global Cloud Security Market, By Type
Virtualization
Cloud Database Security
Network Security
Global Cloud Security market, By Deployment
Private
Public
Hybrid
Global Cloud Security Market, By End User
Healthcare
Retail
BFSI
IT & Telecom
Global Cloud Security market, Regional Analysis
The current research study includes an examination of cloud security market trends. The new research study includes the most significant stakeholders, conference and webinar materials, patent analysis, pricing analysis, and market buying behaviour. The primary drivers driving the cloud security market include increasing cybercrime sophistication, cyber espionage activities, and the production of new cyberattacks, an increase in the adoption of cloud-based solutions, and an increase in BYOD and CYOD trends. Furthermore, increased government attempts to assist smart infrastructure projects, as well as secure online payment applications, social media, and operating systems, would present attractive prospects for cloud security companies.
Crypto-jacking attacks in the cloud are caused by the shifting value of cryptocurrencies customised with enhanced decision capabilities. CoinStomp, for example, is malware composed of shell scripts that attempt to mine bitcoin using cloud compute instances maintained by network security providers. Users and providers of IT security have the chance to deploy the appropriate countermeasures. A declining trend in the exposure of public cloud storage services implies that organisations are taking security precautions. Malware assaults like CoinStomp are anticipated to promote the adoption of cloud security services like user and data governance, identity and access management, and others.
Cloud data is more vulnerable to hackers than data saved on organisation servers. Cloud-based cyberattacks against enterprises increased by 630% between January and April 2020, according to McAfee. This growth was caused by an increase in the use of cloud collaboration tools and services, such as Microsoft Teams, Cisco WebEx, and Zoom, as a result of the scattered work from home environment. Because of the expanding number of SMEs that employ web- and cloud-based tools and apps, these businesses have become excellent targets for threat actors. Cloud security is now required for all businesses to defend their networks against sophisticated cyberattacks. Cloud security is critical in today's fast expanding cyber threat scenario. Emerging cloud security threats include data breaches, insecure interfaces and Application Programming Interfaces (APIs), misconfiguration, account hijacking, malicious insider and outsider threats, and Distributed Denial of Service (DDoS) attacks. As a result, protecting an enterprise's network from cloud-based cyber threats is critical for sustaining an enterprise's growth through investing in cloud security.
Large and small businesses are cautious to shift their operations to the cloud because they do not totally trust Cloud Service Providers (CSPs). This lack of trust is regarded as a result of ambiguity in Service Level Agreements (SLAs) and security or privacy policies, standard terms and conditions, cloud service immaturity, data breaches, and a variety of other difficulties. The infrastructure of a cloud service provider houses essential data for organisations and is thus particularly vulnerable to frequent and complicated assaults; this can prevent corporations from entrusting their confidential data to these service providers. Following a transparent information security approach by cloud security service vendors may allow businesses to obtain their clients' trust. Such examples of scepticism about cloud computing technologies for data storage are impeding the growth of the cloud security sector.
Report Coverage
Global Cloud Security research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cloud Security report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cloud Security competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cloud Security market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Okta Inc. (US), Microsoft Corporation (US), Intel Corporation(US), Fortinet, Cisco Systems Inc. (the US), IBM Corporation (US), Symantec Corporation (US), Trend Micro Inc. (Japan), CA Technologies Inc., and CloudPassage Company (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cloud Security Market from 2021 to 2030.
- Market Forecast for Cloud Security Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cloud Security competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cloud Security
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cloud Security market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cloud Security market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Okta Inc. (US), Microsoft Corporation (US), Intel Corporation(US), Fortinet, Cisco Systems Inc. (the US), IBM Corporation (US), Symantec Corporation (US), Trend Micro Inc. (Japan), CA Technologies Inc., and CloudPassage Company (US)
Primary Target Market
- Market Players of Cloud Security
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cloud Security market based on the below-mentioned segments:
Global Cloud Security Market, By Type
Virtualization
Cloud Database Security
Network Security
Global Cloud Security market, By Deployment
Private
Public
Hybrid
Global Cloud Security Market, By End User
Healthcare
Retail
BFSI
IT & Telecom
Global Cloud Security market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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