Cloud Security Market Size, Share, Trends, Growth and Forecast 2032

Cloud Security Market Insights

According to the report published by Zion Market Research, the global Cloud Security Market size was valued at USD 43.96 Billion in 2023 and is predicted to reach USD 97.06 Billion by the end of 2032. The market is expected to grow with a CAGR of 9.2% during the forecast period. The report analyzes the global Cloud Security Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Cloud Security industry.

Request Free Sample

Global Cloud Security Market: Overview

Cloud security is the also known as cloud computing security. The cloud security comprises a set of controls or policies in order to protect the applications, data, and cloud computing infrastructure. The cloud security secures data breaching, loss of confidential data, and insecure application programming interfaces (API). Thus, the rising demand for a secure environment for the cloud customers and providers influences the enhanced utilization of the cloud security applications.

Global Cloud Security Market: Growth Factors

The growing trends of BYOD and CYOD are expected to boost the global cloud security market. The significant utilization or adoption of the cloud-based service computing in the various sectors such as healthcare, BFSI, IT and telecommunication, and others help fuel the growth of the global market. Additionally, the rising threats related to the cyber world increase the dependency on the cloud-based services which in turn attributes the growth of the global market. The demand for security for the applications such as the online payments, financial transactions, social media, data storage, and others thrive the global market growth. The increasing demand for cloud security in the Windows, Android, iOS platform devices boosts the global cloud security market. The low awareness regarding cloud-based services among the masses hinders the growth of the global market

Request Free Sample

Global Cloud Security Market: Segmentation

The global security market segment is bifurcated based on the end user, type, vertical, deployment, and region.

The end user segment is divided into large-scale enterprises and small and medium enterprises.

The type segment is classified as network security, cloud database security, email and web security, cloud identity and access management, data loss prevention, and cloud encryption.

The vertical segment is categorized into retail, healthcare, BFSI, IT and telecom, government agencies, and others.

The deployment segment is grouped into public, private, and hybrid.

The regional segmentation includes Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.

Cloud Security Market: Report Scope

Global Cloud Security Market: Regional Analysis

North America is expected to dominate the global cloud security market owing to increasing cloud-based services and cloud computing industries in the region. The rising demand for the cyber security due to the increasing use of computing devices among the growing population in the Asia Pacific region helps propel the global market.

Global Cloud Security Market: Competitive Players

The key players dominating the global cloud security market are:

• Fortinet Inc.
• CA Technologies Inc.
• Panda Security
• Sophos Ltd.
• Symantec Corporation
• Trend Micro Inc.
• IBM Corporation
• Cisco Systems Inc.
• McAfee Inc.

The other key players in the global market include Intel

• Corporation
• Hewlett-Packard (HP) Company
• Microsoft Corporation
• Kaspersky Labs
• Dell Inc.
• Intel Security Group.

These major players implement a number of strategies such as the signing of agreements, contracts, bonds, partnerships, collaborations, mergers and acquisitions, joint ventures, and new application launch for acquiring a standard position in the global market.

The Global Cloud Security Market is segmented as follows:
    
By end user 

• large-scale enterprises 
• small and medium enterprises 

By type 

• network security
• cloud database security
• email and web security
• cloud identity and access management
• data loss prevention 
• cloud encryption 

By vertical 

• retail
• healthcare
• BFSI
• IT and telecom
• government agencies, and others

By deployment 

• public
• private
• hybrid

Global Cloud Security Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.