Cloud Security Global Market Sees Growth Rate Of 25% Through 2022

20 Sep, 2022

The global cloud security market size is expected to grow from $10.98 billion in 2021 to $13.73 billion in 2022 at a compound annual growth rate (CAGR) of 25.1%. The global cloud security market size is expected to grow to $30.99 billion in 2026 at a CAGR of 22.6%.

What is the Global Cloud Security Market?

The cloud security market consists of sales of cloud security services by entities (organizations, sole traders, and partnerships) that improves the security capabilities and risk assessment of the cloud providers. Cloud security is a set of policies, procedures, and technologies that work together to protect the cloud data. Cloud security protects against data breaching, loss of confidential data, and insecure application programming interfaces (API).

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What drives the Global Cloud Security Market?

The rising number of cyberattacks is expected to propel the growth of the cloud security market going forward. A cyberattack is a malicious and deliberate effort by an individual or organization to breach the data of another individual or business. Organizations use cyber security for minimizing cyber-attacks, as result, the rise in the number of attacks increases the demand for the cybersecurity market. For instance, according to the Indian Computer Emergency Response Team (CERT-In), an India-based government ministry, cyberattacks in India increased from 3.9 lakhs in 2019 to 11.5 lakhs in 2020. Therefore, the rising number of cyber-attacks drives the growth of the cloud security market.

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Global Cloud Security Market Segments
The global cloud security market is segmented:
By Security Type: Application Security, Database Security, Endpoint Security, Network Security, Web and Email Security
By Service Model: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS)
By Deployment: Public, Private, Hybrid
By End-User: BFSI, Healthcare, IT and Telecom, Others
By Geography: The regions covered in the cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global cloud security market.

Cloud Security Global Market Report 2022 provides market size and growth forecasts for the global cloud security market, global cloud security market share, cloud security market segments and geographies, cloud security market competitive landscape including leading competitors’ revenues, profiles and market shares. The cloud security market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Cloud Security Industry Players include Microsoft Corporation, Cisco Systems Inc., Trend Micro Inc., McAfee Corp., Qualys Inc., Amazon Web Services Inc., Broadcom Inc., Checkpoint Software Technologies Ltd., IBM Corporation, Foreseeti, Sophos, Forcepoint LLC, Palo Alto Networks Inc., Bitglass, Imperva, Intel Security, Proofpoint Inc., Zscaler Inc., FireEye Inc, CloudPassage, Fortinet Inc, Avanan, Illumio, vArmour, Aqua Security, Cloudflare, SiteLock, Tenable Inc, and Accenture. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.