Chicago, May 26, 2022 (GLOBE NEWSWIRE) -- According to a research report "Cloud Security Market with COVID-19 Analysis by Security Type, Application (Visibility and Risk Assessment, User and Data Governance), Service Model, Organization Size, Vertical (BFSI, IT and ITeS, Retail) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Cloud Security Market size is expected to grow from USD 40.8 billion in 2021 to USD 77.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.7% from 2021 to 2026. The major growth drivers for the market include the increasing number of security breaches and cyberattacks on cloud infrastructure, and strict regulatory compliances toward adoption of cloud services.
Browse in-depth TOC on "Cloud Security Market”
371 - Tables
46 - Figures
325 - Pages
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According to Forcepoint, cloud security, also known as cloud computing security, consists of a set of policies, controls, procedures, and technologies that work together to protect cloud-based systems, data, and infrastructure.
These security measures are configured for various purposes such as:
- to protect cloud data
- support regulatory compliance
- protect customers' privacy
- setting authentication rules for individual users and devices
Scope of the Cloud Security Market Report:
| Report Metrics | Details |
| Market size available for years | 2015–2026 |
| Base year considered | 2020 |
| Largest Market | North America |
| Forecast Period 2022-2026 CAGR | 13.7% |
| Estimated Year Market Size | USD 40.8 billion |
| Forecast Year Market Size | USD 77.5 billion |
| Forecast period | 2021–2026 |
| Segments covered | Security Type, Application, Service Model, Organization Size, Vertical, and Region |
| Geographies covered | North America, Europe, APAC, MEA, and Latin America |
| Companies covered | Amazon Web Services (US), Microsoft (US), Checkpoint (US), Google (US), Palo Alto Networks (US), McAfee (US), IBM (US), Zscaler (US), Cisco (US), Fortinet (US), Sophos (UK), Foreseeti (Sweden), Broadcom (US), Trend Micro (Japan), Tenable (US), Forcepoint (US), Netskope (US), Imperva (US), Proofpoint (US), Cloudflare (US), Aqua Security (Israel), Qualys (US), CipherCloud (US), Bitglass (US), SiteLock (US), Illumio (US), vArmour (US), Avanan (US), CloudPassage (US), and FireEye (US). |
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The scope of this report covers the cloud security market dynamics since 2019, based on contemporary market trends and developments, and its potential growth from 2021 to 2026. It provides a detailed market trend, vendors’ market shares, market size, forecasts, and analysis of key players in the cloud security market.
Based on the region, the cloud security market is expected to register a higher growth rate in 3 regions, namely, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA), owing to the increasing adoption of cloud-based technologies, leading to a subsequent rise in the number of online threats. The market in APAC is projected to witness the highest growth rate owing to the increasing amount of cybersecurity threats faced by companies in this region, stringent regulatory compliances imposed by the government in APAC countries and increasing penetration of cloud services and solutions among SMEs and large enterprises.
Cybersecurity is becoming a global issue right faced by alike, from individuals to large enterprises. Cloud security is expected to advance the landscape for improving the overall security posture of large enterprises and SMEs. The large enterprise segment is expected to hold a larger market size. Many large enterprises are readily incorporating cloud security services in their network due to the large amount of enterprise’s private information being stored on the cloud. The SMEs segment is expected to grow at a higher CAGR during the forecast period. Many SMEs proactively use cloud services to manage their workload due to low-cost installation and maintenance benefits. The high-scale cloud adoption is urging these organizations to deploy cloud security solutions at a rapid rate.
Key Players
The major vendors covered in the Cloud Security Market report include Amazon Web Services (US), Microsoft (US), Checkpoint (US), Google (US), Palo Alto Networks (US), McAfee (US), IBM (US), Zscaler (US), Cisco (US), Fortinet (US), Sophos (UK), Foreseeti (Sweden), Broadcom (US), Trend Micro (Japan), Tenable (US), Forcepoint (US), Netskope (US), Imperva (US), Proofpoint (US), Cloudflare (US), Aqua Security (Israel), Qualys (US), CipherCloud (US), Bitglass (US), SiteLock (US), Illumio (US), vArmour (US), Avanan (US), CloudPassage (US), and FireEye (US).
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