Global Cloud Security Market Size, Share, Growth & Trends Analysis Report By Component (Solution, Services), By Deployment (Private, Public), And Regional Outlook, Growth Potential & Forecast 2024 – 2031

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Global Cloud Security Market 2024 - 2031
  • SKU: 001
  • Published Date: January 2024
  • No. of Pages: 120
  • Categories:
  • Summary of Report:
Global Cloud Security Market Size was worth $36.9 billion in 2023 and is expected to grow to $113.6 billion in 2030 with a CAGR of 13.6 % in 2024-2031.
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Description

Global Cloud Security Market Size was worth $36.9 billion in 2023 and is expected to grow to $113.6 billion in 2031 with a CAGR of 13.6 % in 2024-2031.

Because cloud services are being used more and more in a variety of industries, the global market for cloud security has been expanding significantly. Strong security solutions are now more important than ever as businesses move their data and apps to the cloud. A variety of tools and techniques are included in cloud security, which is intended to safeguard infrastructure, data, and apps in cloud environments.

Global Cloud Security Market: Covid-19 Impact

Cloud services have become more widely used as a result of the COVID-19 pandemic and the quick shift that organizations made to remote work models. The significance of cloud security has also increased due to this growing reliance on cloud platforms. It’s important to remember, though, that the pandemic has given the cloud security market both opportunities and challenges. Despite the increase in demand for secure cloud solutions, some organizations may not have been able to afford new technology due to budgetary constraints and economic uncertainties.

Global Cloud Security Market: Growth Drivers

  • Growing Cloud Adoption: One of the main factors propelling the cloud security market has been the continuous trend of businesses moving their operations to the cloud.
  • Data Privacy Issues: A growing number of organizations are investing in strong cloud security measures due to concerns about data privacy and the need to comply with regulations.
  • Advanced Threat Landscape: The market for cloud security has grown as a result of the need for advanced security solutions due to the sophisticated and ever-evolving nature of cyber threats.

Global Cloud Security Market: Restraining factors

  • Budgetary constraints: Some organizations may have chosen to put essential spending ahead of investments in new security technologies due to economic uncertainties, particularly during the COVID-19 pandemic.
  • Lack of Awareness: Some companies might not be fully aware of how important cloud security is, or they might be underestimating the dangers of using shoddy security measures.
  • Integration Difficulties: Some organizations may encounter difficulties integrating cloud security solutions with their current infrastructure and applications due to their complexity.

Global Cloud Security Market: Opportunity Factors

  • Emerging Technologies: More sophisticated threat detection and prevention are possible when cutting-edge technologies like artificial intelligence and machine learning are incorporated into cloud security solutions.
  • Regulatory Compliance: As privacy and data protection laws become more stringent, cloud security providers will have more opportunities to offer solutions that assist businesses in adhering to legal requirements.

Global Cloud Security Market: Challenges

  • Security Concerns: Although cloud security offers many advantages, there may be residual worries regarding the safety of sensitive data kept on cloud servers.
  • Skill Shortage: Organisations trying to deploy and oversee efficient security measures may find it difficult to deal with the dearth of qualified experts in the field of cloud security.
  • Dangers That Are Always Changing: To keep ahead of possible hazards, cloud security solutions must constantly innovate due to the dynamic nature of cyber threats.

Global Cloud Security Market: Segmentation

By Component, the market is segmented into Solutions and services. This segment encompasses the various services associated with the market. It could involve consulting, implementation, maintenance, and other services that complement the solutions offered. Service-oriented segments often focus on providing support, customization, and ongoing assistance to clients.

By Deployment, the market is segmented into Private and public. In contrast, public deployment means that the solutions or services are hosted on public cloud infrastructure and are accessible over the internet. This model is generally more scalable, cost-effective, and offers flexibility. However, it may not be as suitable for highly sensitive information due to potential security concerns.

Global Cloud Security Market: Regional Insights

  • North America: North America is often a significant player in the global cloud security market, with the presence of major technology hubs and a high adoption rate of cloud services. The United States, in particular, is a key contributor to the market due to the presence of many cloud security solution providers and large enterprises.
  • Europe: European countries are increasingly adopting cloud services, and the cloud security market in this region may be influenced by stringent data protection regulations such as GDPR (General Data Protection Regulation). Major economic hubs like the United Kingdom, Germany, and France are likely to drive the demand for cloud security solutions.
  • Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in cloud adoption, driven by emerging economies, digital transformation initiatives, and a growing number of businesses in countries like China and India. Different regulatory landscapes and diverse business cultures within the region may impact the preferences for specific types of cloud security solutions.
  • Latin America: Cloud adoption in Latin America is on the rise, and organizations are becoming more aware of the importance of securing their cloud environments. Economic conditions, government policies, and the overall business landscape can influence the growth of the cloud security market in this region.
  • Middle East and Africa: The Middle East and Africa region is also witnessing increased adoption of cloud technologies, and organizations are investing in security measures to protect their data and applications. The market dynamics in this region may be influenced by factors such as geopolitical considerations, economic development, and specific industry demands.

Global Cloud Security Market: Competitive Landscape

  • Microsoft Azure
  • Amazon Web Services (AWS)
  • Google Cloud Platform (GCP)
  • Cisco
  • Palo Alto Networks
  • Zscaler
  • Fortinet
  • McAfee
  • Trend Micro
  • Qualys

Global Cloud Security Market: Recent Developments

  • Microsoft:
    • Enhanced Azure Defender with XDR (Extended Detection and Response) capabilities.
    • Acquired Cybersecurity company CloudKnox for identity and access management.
    • Launched Microsoft Security, a unified platform for all security solutions.
  • Cisco:
    • Integrated Cisco SecureX platform with cloud workload protection capabilities.
    • Acquired Spheric IT, a leader in cloud security posture management.
    • Expanded Security Cloud portfolio with identity and access management solutions.

Table of Content

1 Executive Summary
1.1 Summary
2 Premium Insights
2.1 Growth Lens Perspective of CXO’s on the Market
2.2 Untapped Revenue Opportunities
2.3 Top Investment Pockets
2.4 Insights From Expert Interviews
2.5 Market Scenarios: Pessimistic vs. Optimistic vs. Realistic
2.6 Absolute Market Opportunity
2.7 Takeaways and Strategic Conclusions
2.8 Revenue Shift
2.1 Business Model Canva
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Research Methodology
3.6 Analyst Tools/Models/Techniques
3.6.1 Notations
3.7 Market Scope & Segmentation
3.8 Currency & Pricing Considered
4 Market Trends
4.1 Introduction
4.2 Drivers
4.2.1 Rising Prevalence of Chronic Diseases to Surge the Demand for Cloud Security
4.2.2 Shift toward Homecare Settings to Increase the Demand for Portable Devices
4.2.3 Emerging Markets and Healthcare Access
4.2.4 Increased Healthcare Spending
4.3 Restraints
4.3.1 High Cost of Devices and Inadequate Reimbursement Policies in Emerging Countries
4.3.2 Stringent Regulatory Approval Process
4.4 Opportunities
4.4.1 Telehealth and Remote Patient Monitoring
4.4.2 Point-of-Care Testing
4.5 Investment Feasibility Analysis
4.6 Latest Trends
4.6.1 Growing Customer Preference for Wearable Devices to Propel Industry Expansion
5 Market Assessment
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitute
5.1.5 Intensity of Competitive Rivalry
5.2 Value Chain Analysis
5.3 Impact of Key Regulations on the Market
5.4 SWOT Analysis
5.5 PESTEL Analysis
5.6 Supply Chain Analysis
5.7 Patent Analysis
5.7.1 By Innovator
5.7.2 By Applicant
5.7.3 By Country
5.8 Roadmap Development
5.9 Market Lineage Outlook
5.9.1 Parent Market Outlook
5.9.2 Ancillary Market Outlook
5.1 Future Perspective
6 Impact of Recession on the Market
6.1 Introduction
6.1.1 Short Term Impact
6.1.2 Long Term Impact
7 Impact of Covid-19 on the Market
7.1 Deferral of Elective Procedures Hampered Market Growth amid Coronavirus
8 Global Cloud Security Market, By Type
8.1 Introduction
8.1.1 Market Size & Forecast
8.1.2 Global Cloud Security Market Share, by Type -2023 and 2031 (%)
8.2 Cloud Identity and Access Management
8.2.1 Key market Trends, Growth Factors, and Opportunities
8.2.2 Market Size and Forecast, by Regions
8.3 Data Loss Prevention
8.3.1 Key market Trends, Growth Factors, and Opportunities
8.3.2 Market Size and Forecast, by Regions
8.4 E Mail and Web Security
8.4.1 Key market Trends, Growth Factors, and Opportunities
8.4.2 Market Size and Forecast, by Regions
8.5 Cloud Database Security
8.5.1 Key market Trends, Growth Factors, and Opportunities
8.5.2 Market Size and Forecast, by Regions
8.6 Cloud Encryption
8.6.1 Key market Trends, Growth Factors, and Opportunities
8.6.2 Market Size and Forecast, by Regions
8.7 Network Security
8.7.1 Key market Trends, Growth Factors, and Opportunities
8.7.2 Market Size and Forecast, by Regions
9 Global Cloud Security Market, By Enterprise Size
9.1 Introduction
9.1.1 Market Size & Forecast
9.1.2 Global Cloud Security Market Share, by Enterprise Size -2023 and 2031 (%)
9.2 Large Scale Enterprises
9.2.1 Key market Trends, Growth Factors, and Opportunities
9.2.2 Market Size and Forecast, by Regions
9.3 Small and Medium Scale Enterprises
9.3.1 Key market Trends, Growth Factors, and Opportunities
9.3.2 Market Size and Forecast, by Regions
10 Global Cloud Security Market, by  Deployment Mode
10.1 Introduction
10.1.1 Market Size & Forecast
10.1.2 Global Cloud Security Market Share, by  Deployment Mode -2023 and 2031 (%)
10.2 Public
10.2.1 Key market Trends, Growth Factors, and Opportunities
10.2.2 Market Size and Forecast, by Regions
10.3 Private
10.3.1 Key market Trends, Growth Factors, and Opportunities
10.3.2 Market Size and Forecast, by Regions
10.4 Hybrid
10.4.1 Key market Trends, Growth Factors, and Opportunities
10.4.2 Market Size and Forecast, by Regions
11 North America Market Analysis
11.1 Introduction
11.2 Cloud Security Market by Country
11.2.1 North America Cloud Security Market by Country, USD Billion 2019-2031
11.3 Market Size & Forecast, by Type
11.4 Market Size & Forecast, by Enterprise Size
11.5 Market Size & Forecast, by  Deployment Mode
11.6 U.S.
11.6.1 Market Size & Forecast, by Type
11.6.2 Market Size & Forecast, by Enterprise Size
11.6.3 Market Size & Forecast, by  Deployment Mode
11.7 Canada
11.7.1 Market Size & Forecast, by Type
11.7.2 Market Size & Forecast, by Enterprise Size
11.7.3 Market Size & Forecast, by  Deployment Mode
12 Europe Market Analysis
12.1 Introduction
12.2 Cloud Security Market by Country
12.2.1 Europe Cloud Security Market by Country, USD Billion 2019-2031
12.3 Market Size & Forecast, by Type
12.4 Market Size & Forecast, by Enterprise Size
12.5 Market Size & Forecast, by  Deployment Mode
12.6 Germany
12.6.1 Market Size & Forecast, by Type
12.6.2 Market Size & Forecast, by Enterprise Size
12.6.3 Market Size & Forecast, by  Deployment Mode
12.7 France
12.7.1 Market Size & Forecast, by Type
12.7.2 Market Size & Forecast, by Enterprise Size
12.7.3 Market Size & Forecast, by  Deployment Mode
12.8 U.K
12.8.1 Market Size & Forecast, by Type
12.8.2 Market Size & Forecast, by Enterprise Size
12.8.3 Market Size & Forecast, by  Deployment Mode
12.9 Italy
12.9.1 Market Size & Forecast, by Type
12.9.2 Market Size & Forecast, by Enterprise Size
12.9.3 Market Size & Forecast, by  Deployment Mode
12.1 Spain
12.10.1 Market Size & Forecast, by Type
12.10.2 Market Size & Forecast, by Enterprise Size
12.10.3 Market Size & Forecast, by  Deployment Mode
12.11 Benelux
12.11.1 Market Size & Forecast, by Type
12.11.2 Market Size & Forecast, by Enterprise Size
12.11.3 Market Size & Forecast, by  Deployment Mode
12.12 Rest of Europe
12.12.1 Market Size & Forecast, by Type
12.12.2 Market Size & Forecast, by Enterprise Size
12.12.3 Market Size & Forecast, by  Deployment Mode
13 Asia-Pacific Market Analysis
13.1 Introduction
13.2 Cloud Security Market by Country
13.2.1 Asia Pacific Cloud Security Market by Country, USD Billion 2019-2031
13.3 Market Size & Forecast, by Type
13.4 Market Size & Forecast, by Enterprise Size
13.5 Market Size & Forecast, by  Deployment Mode
13.6 China
13.6.1 Market Size & Forecast, by Type
13.6.2 Market Size & Forecast, by Enterprise Size
13.6.3 Market Size & Forecast, by  Deployment Mode
13.7 India
13.7.1 Market Size & Forecast, by Type
13.7.2 Market Size & Forecast, by Enterprise Size
13.7.3 Market Size & Forecast, by  Deployment Mode
13.8 Japan
13.8.1 Market Size & Forecast, by Type
13.8.2 Market Size & Forecast, by Enterprise Size
13.8.3 Market Size & Forecast, by  Deployment Mode
13.9 Australia
13.9.1 Market Size & Forecast, by Type
13.9.2 Market Size & Forecast, by Enterprise Size
13.9.3 Market Size & Forecast, by  Deployment Mode
13.1 South Korea
13.10.1 Market Size & Forecast, by Type
13.10.2 Market Size & Forecast, by Enterprise Size
13.10.3 Market Size & Forecast, by  Deployment Mode
13.11 Southeast Asia
13.11.1 Market Size & Forecast, by Type
13.11.2 Market Size & Forecast, by Enterprise Size
13.11.3 Market Size & Forecast, by  Deployment Mode
13.12 Rest of Asia Pacific
13.12.1 Market Size & Forecast, by Type
13.12.2 Market Size & Forecast, by Enterprise Size
13.12.3 Market Size & Forecast, by  Deployment Mode
14 Latin America and the Caribbean Market Analysis
14.1 Introduction
14.2 Cloud Security Market by Country
14.2.1 Latin America Cloud Security Market by Country, USD Billion 2019-2031
14.3 Market Size & Forecast, by Type
14.4 Market Size & Forecast, by Enterprise Size
14.5 Market Size & Forecast, by  Deployment Mode
14.6 Brazil
14.6.1 Market Size & Forecast, by Type
14.6.2 Market Size & Forecast, by Enterprise Size
14.6.3 Market Size & Forecast, by  Deployment Mode
14.7 Mexico
14.7.1 Market Size & Forecast, by Type
14.7.2 Market Size & Forecast, by Enterprise Size
14.7.3 Market Size & Forecast, by  Deployment Mode
14.8 Rest of Latin America
14.8.1 Market Size & Forecast, by Type
14.8.2 Market Size & Forecast, by Enterprise Size
14.8.3 Market Size & Forecast, by  Deployment Mode
15 The Middle East and Africa Market Analysis
15.1 Introduction
15.2 Cloud Security Market by Country
15.2.1 MEA Cloud Security Market by Country, USD Billion 2019-2031
15.3 Market Size & Forecast, by Type
15.4 Market Size & Forecast, by Enterprise Size
15.5 Market Size & Forecast, by  Deployment Mode
15.6 South Africa
15.6.1 Market Size & Forecast, by Type
15.6.2 Market Size & Forecast, by Enterprise Size
15.6.3 Market Size & Forecast, by  Deployment Mode
15.7 Saudi Arabia
15.7.1 Market Size & Forecast, by Type
15.7.2 Market Size & Forecast, by Enterprise Size
15.7.3 Market Size & Forecast, by  Deployment Mode
15.8 UAE
15.8.1 Market Size & Forecast, by Type
15.8.2 Market Size & Forecast, by Enterprise Size
15.8.3 Market Size & Forecast, by  Deployment Mode
15.9 Rest of MEA
15.9.1 Market Size & Forecast, by Type
15.9.2 Market Size & Forecast, by Enterprise Size
15.9.3 Market Size & Forecast, by  Deployment Mode
16 Competitive Landscape
16.1 Introduction
16.2 Market Share Analysis
16.2.1 Market Opportunity for Company
16.2.2 Market Positioning Analysis
16.2.3 Market Share, By Company
16.3 Market Player Positioning, 2022
16.4 Company Evaluation Matrix
16.5 Type Mapping of Top 10 Player
16.6 Market Opportunities and Future Trends
16.7 Competitive Heatmap
16.8 Top Winning Growth Strategies
16.8.1 Major Growth Strategies
16.8.2 Expansion
16.8.3 Merger and Acquisition
16.8.4 Other Developments
17 Company Profiles
17.1 Trend Micro Inc.
17.1.1 Company Overview
17.1.2 Key Executives
17.1.3 Financial Overview
17.1.4 Business Segment Analysis
17.1.5 Type Portfolio
17.1.6 Key Strategic Developments
17.2 BMC Software Inc.
17.3 WatchGuard Technologies Inc.
17.4 Fortinet Inc.
17.5 IBM Corporation
17.6 Broadcom Corporation
17.7 Tenable Inc.
17.8 Cisco Systems Inc.
17.9 Sophos Ltd., Cloudflare Inc.
17.11 Others
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 Company Outlook

Tables and Figures

List of Table

Table 1 Global Cloud Security Market Industry Snapshot, 2022-2031
Table 2 Global Cloud Security Market Share, by Type -2019-2031 (USD Billion)
Table 3 Global Cloud Security Market for Cloud Identity and Access Management, by REgion-2019-2031 (USD Billion)
Table 4 Global Cloud Security Market for Data Loss Prevention, by REgion-2019-2031 (USD Billion)
Table 5 Global Cloud Security Market for E Mail and Web Security, by REgion-2019-2031 (USD Billion)
Table 6 Global Cloud Security Market for Cloud Database Security, by REgion-2019-2031 (USD Billion)
Table 7 Global Cloud Security Market for Cloud Encryption, by REgion-2019-2031 (USD Billion)
Table 8 Global Cloud Security Market for Network Security, by REgion-2019-2031 (USD Billion)

List of Figure

Figure 1 Regional Analysis (2022 & 2031)
Figure 2 CXO Perspective
Figure 3 Untapped Revenue Opportunities
Figure 4 Growth Pipeline Funnel
Figure 5 Top investment pockets
Figure 6 Insights From Expert Interviews
Figure 7 Insights From Expert Interviews
Figure 8 Market Scenarios: Pessimistic vs. Optimistic vs. Realistic
Figure 9 Absolute Market Opportunity (2023-2030)
Figure 10 Strategic Findings of the Market
Figure 11 Analyst View
Figure 12 Business Model Canva
Figure 13 Research Process
Figure 14 Analysis Framework
Figure 15 Impact of Key Regulation on the Market
Figure 16 SWOT Analysis
Figure 17 Supply Chain Analysis
Figure 18 Future Perspective
Figure 19 Global Cloud Security Market Share, by Type -2023 & 2031 (USD Billion)
Figure 20 Global Cloud Security Market, by Cloud Identity and Access Management-2019-2031 (USD Billion)
Figure 21 Global Cloud Security Market, by Data Loss Prevention-2019-2031 (USD Billion)
Figure 22 Global Cloud Security Market, by E Mail and Web Security-2019-2031 (USD Billion)
Figure 23 Global Cloud Security Market, by Cloud Database Security-2019-2031 (USD Billion)
Figure 24 Global Cloud Security Market, by Cloud Encryption-2019-2031 (USD Billion)
Figure 25 Global Cloud Security Market, by Network Security-2019-2031 (USD Billion)
Figure 41 Global Cloud Security Market Share, by Enterprise Size -2023 & 2031 (USD Billion)
Figure 42 Global Cloud Security Market, by Large Scale Enterprises-2019-2031 (USD Billion)
Figure 43 Global Cloud Security Market, by Small and Medium Scale Enterprises-2019-2031 (USD Billion)
Figure 54 Global Cloud Security Market Share, by  Deployment Mode -2023 & 2031 (USD Billion)
Figure 55 Global Cloud Security Market, by Public-2019-2031 (USD Billion)
Figure 56 Global Cloud Security Market, by Private-2019-2031 (USD Billion)
Figure 57 Global Cloud Security Market, by Hybrid-2019-2031 (USD Billion)
Figure 60 Market Opportunity for Company
Figure 61 Market Positioning Analysis
Figure 62 Market Share, By Company
Figure 63 Market Player Positioning, 2022
Figure 64 Company Evaluation Matrix
Figure 65 TYPE MAPPING OF TOP 10 PLAYERS
Figure 66 Competitive Heatmap of Key Players
  • Frequently Asked Questions

  • What is cloud security, and why is it important?

    Cloud security refers to the set of measures and technologies designed to protect data, applications, and infrastructure in cloud computing environments. It is crucial to safeguard against cyber threats and ensure the confidentiality, integrity, and availability of information.

  • What are the key drivers of the global cloud security market?

    Factors such as the increasing adoption of cloud services, rising cyber threats, stringent data protection regulations, and the need for secure remote work environments contribute to the growth of the global cloud security market.

  • How is the global cloud security market segmented?

    The market is typically segmented based on components (solutions and services), deployment models (private and public), and regions (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).

  • What are the major challenges faced by the cloud security market?

    Challenges may include evolving cyber threats, compliance issues, concerns about data privacy, and the need for skilled cybersecurity professionals. Additionally, integrating security measures seamlessly with cloud environments can be a complex task.