About Cloud Security
Since the last few years, instances of hacking attacks such as shoulder surfing, fishing, brute force, key loggers have been escalated across the globe. Thus, the need to develop anti-hacking security software has propelled among cloud service providers. In addition to this favorable government regulation in minimizing hacking attacks. These applications integrate a set of procedures, controls, policies, technologies, and many others. These platforms enable users to protect their private data from the theft attacks. Moreover, the growing adoption of cloud-based services will further escalate the demand for cloud security platforms across the globe.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
Open source application production and service providing will increase competitive rivalry. Some of the major brands such as Microsoft, IBM have covered almost 500-60% of market share. All of the cloud security providers are looking for product differentiation and enhanced security techniques. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud Security market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fortinet Inc. (United States), CA Technologies Inc. (United States), Panda Security (Spain), Sophos Ltd. (United Kingdom), Symantec Corporation (United States), Trend Micro Inc. (Japan), IBM Corporation (United States), Cisco Systems Inc. (United States), McAfee Inc. (United States) and Intel Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hewlett-Packard (HP) Company (United States), Microsoft Corporation (United States), Kaspersky Labs (Russia) and Dell Inc. (United States).
AMA Research has segmented the market of Global Cloud Security market by Type (Cloud Identity and Access Management, Data Loss Prevention, Email & Web Security, Cloud Database Security, Network Security and Cloud Encryption), Application (Healthcare, BFSI, IT & Telecom, Government Agencies, Retail and Others) and Region. On the basis of application, IT & Telecom segment is dominating the market in the year 2022 where as BFSI segment stood as second largest market .
On the basis of geography, the market of Cloud Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment, the sub-segment i.e. Private will boost the Cloud Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Infrastructure as a Service (IaaS) will boost the Cloud Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Large scale enterprise will boost the Cloud Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Expanded Internet User's Base will lead to Increase Demand for IoT based Cybersecurity Platforms., Number of Developing Technologies including Bring Your Own Business (BYOB) and Bring Your Own Application (BYOA) are Trending in the Market. and Growing Demand for Email and web Cybersecurity Solutions.
Market Growth Drivers:
Growing Adoption of Cloud-based Services., Increasing Instances of Cyber Attacks such as; Data Vulnerability and Data Theft will Fuel Demand for Data Security. and Use of Cyber Security Services in Banking and Financial Applications will Upsurge the Service Demand.
Lack of Reliability and Data Privacy of the Service Provider
Lack of Awareness about Wireless Transactions and cloud-based Services might hamper Business Growth., Growing Complexities for Developers to Provide Services which will offer Security against all types of Hacking attacks such as, Shoulder Surfing, Keylogger or Brute Force Hacking Techniques. and Continues Technological Enhancements will keep Changing Consumer Preferences.
Robust Demand for Cloud Security in the Windows, Android, iOS Platform Devices
Market Leaders and their expansionary development strategies
In March 2023, Cisco has acquired Lightspin Technologies Ltd. a privately-held cloud security software company headquartered in Tel Aviv. Lightspin offers a holistic solution that provides end-to-end cloud security posture management (CSPM) across cloud-native resources. It is vital that Cisco’s cloud security investments reflect the growing needs of its customers.
In November 2023, Stream Security, has launched significant expansion into cloud security, ushering in a new era for the company beyond cloud operations. With this market and brand transformation, Stream Security introduces an innovative, real-time Cloud Twin that empowers security and operations teams to detect and investigate their exposure and threats like never before.
In the United States, the US Congress has made information more transparent and secure after the Cyber Security Act of 2012., Number of governments have started improving the complex infrastructure to increase user friendliness, minimize operational time and enhaces security. and The european government has set up the regulation under the Regulation (EC) No 460/2004 act of the European Parliament and of the Council in purpose of raising information and security.
Key Target Audience
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers, Investors and Others
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.