Cloud Security Software Market Share, Size, Future Growth, Trends Evaluation and Forecast 2022-2027
Cloud security software is widely employed by numerous organizations for gaining multiple levels of control in a network infrastructure.
According to the latest report by IMARC Group, titled "Cloud Security Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on cloud security software market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global cloud security software market size reached US$ 27.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.19% during 2022-2027.
Cloud security software, or cloud computing protection, consists of procedures, controls, technologies, and policies that work together to protect cloud-based infrastructure, systems, and data. It helps protect various data and computer applications from cloud attacks and unethical access by providing secure networks and information. It is widely employed by large and small enterprises, along with the banking, financial services, and insurance (BFSI), aerospace and defense, automotive, energy and utilities, government, healthcare, IT and telecom, manufacturing, and retail sectors.
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The global market is majorly driven by the rising need for cloud computing across numerous enterprises. In line with this, the increasing incidences of online breaches and technological attacks are positively influencing the demand for cloud security software. Furthermore, the growing sophistication of cybercrimes, cyber espionage campaigns, and the generation of new cyberattacks are catalyzing the market. Besides this, multiple government initiatives to support various smart infrastructure projects and secure online payment applications, social media, and OS are offering lucrative opportunities for cloud security software vendors. Additionally, the prevalence of malware attacks is likely to drive the adoption of cloud security services for user and data governance, identity, access management, and others. Other factors, including the adoption of managed container services, the rising implementation of cloud computing, and the growing demand for massive storage applications to store and secure data with advanced security models, are also providing a boost to the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Broadcom, Inc.
- IBM Corporation
- Cisco Systems
- RSA Security
- Microsoft Corporation
- Dell Corporation
- Hewlett Packard Enterprise
- BMC Software
- Check Point Software Technologies
- Gemalto NV
- Imperva, Inc
Cloud Security Software Market Segmentation:
Our report has categorized the market based on region, type, deployment, end-user and vertical.
Breakup by Type:
- Cloud Identity and Access Management
- Data Loss Prevention
- Email and Web Security
- Cloud Database Security
- Network Security
- Cloud Encryption
Breakup by Deployment:
Breakup by End-User:
- Small and Midsize Business (SMBs)
- Large Enterprises
- Cloud Service Providers
- Government Agencies
- Others/Third Party Vendors
Breakup by Vertical:
- Banking, Financial Services and Insurance (BFSI)
- Information Technology (IT) & Telecom
- Government Agencies
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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