Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — The growing acceptance of cloud infrastructure and the application of common industry standards are two additional factors that will drive the growth of the global market cloud security solutions and services market during the forecast period. The concept of cloud infrastructure as a service has become very popular recently. Likewise, it is expected that private and public IT security regulators will keep an eye on how these cloud platforms integrate cloud security into their infrastructure with proper monitoring and control.
The global cloud security solutions and services market has been estimated at USD 325.690 billion and is expected to reach USD 1.620.599 billion in 2030 with a CAGR of 15.9%.
Cloud web security allows traffic to be redirected to the cloud rather than to servers using an intermediary. As a result of cloud traffic analysis, only authorized users are allowed to access it. The cloud prevents incoming traffic from the server that does not have its consent. Cloud security applications include threat protection, visibility, risk assessment, threat protection, activity monitoring, analytics, user and data governance, remediation/mitigation threats and threat protection.
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Leading players operating in the global Automotive Subscription Market are:
Palo Alto Networks
Check Point Software Technologies
When people use the Internet to undertake deliberate and politically motivated attacks on cloud computing infrastructures, there are widespread cyberattacks that lead to data loss for people, businesses, and governments. An increase in organizational data breaches or data leaks is driving the growth of the global cloud security solutions and services market. Compared to data stored on enterprise systems, cloud data is more susceptible to attacks. The major barriers to market expansion are the strict government regulations and protocols along with the danger of information loss. There are three methods to lose the data. Machine shuts down when cloud technology fails and backup data is lost forever. Increase in complexity brought about by virtual infrastructure, lack of skilled experience and lack of trust in cloud service providers are all impediments for the expansion of the global market for cloud security solutions and services. Cloud security service providers may be able to earn their customers’ trust by being open and honest about information security.
During the forecast period, the retail segment is expected to grow at the highest CAGR. Thanks to artificial intelligence in retail, customers can now shop without having to wait in a regular checkout queue.
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Due to the many steps taken by government organizations to increase investment in security solutions, to name a few, North America is expected to hold the largest market for cloud security solutions and services in the world. during the forecast period. The market presence in the region will also increase thanks to growing partnerships among major industry players and an increase in phishing and cyberattacks.
Fortinet Inc. announced the release of Fortinet Secure SD-WAN, a new multi-cloud security solution, in July 2020. The company’s current Secure SD-WAN Cloud On-Ramp capabilities are complemented by this solution, that allows users and businesses to securely connect to cloud services and applications.
2. Research methodology
3. Market Outlook
4. By security, 2019-2029 (USD billion)
• Identity and access management
• Data Loss Prevention (DLP)
• Security Information and Event Management (SIEM)
• Business continuity and disaster recovery
• Other (Risk and Compliance Management, etc.)
5. By enterprise size, 2019-2029 (USD billion)
• Large companies
• Small and medium-sized enterprises (SMEs)
6. By End User, 2019-2029 (USD Billion)
• IT and Telecommunications
• Banking, Finance, Security and Insurance (BFSI)
• Health and life sciences
• Energy and utilities
• Other (energy and utilities, government, other)
7. Regional Overview, 2019-2029 (USD billion)
o United States
o United Kingdom
o Rest of Europe
o Rest of Asia-Pacific
o Rest of South America
Middle East and South Africa
8. Competitive landscape
9. Company Profiles
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Adroit Market Research is an India-based business analytics and advisory firm incorporated in 2018. Our target audience is a wide range of businesses, manufacturing companies, product/technology development institutions and industry associations who need to understand the size of a market, key trends, participants. and future prospects of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help them create opportunities that increase their revenue. We follow a code – Explore, learn and transform. At our core, we are curious people who enjoy identifying and understanding industry patterns, creating insightful study around our findings, and crafting lucrative roadmaps.
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