Global Cloud Security Market industry share, size, gross margin, trend, future demand, major player analysis, and forecast to 2027

Pune, India, December 09, 2021 (GLOBE NEWSWIRE) – The world cloud security market Cut is expected to reach $ 1,545.6 million by the end of 2027. Recent technological advancements in tools enabling the integration of real-time cloud platforms will have a positive impact on the growth of the market. According to a report released by Fortune Business Insights, titled “Cloud Security Market Size, COVID-19 Share and Impact Analysis, by Application (Identity and Access Management, Email and Web Security, Encryption and data prevention, threat intelligence, monitoring and prevention, and others), by security type (workload security, network security, platform security, application security, endpoint security and others), by company (large enterprises, SMEs), by deployment (public, hybrid, private), by end user (IT and telecommunications, BFSI, healthcare and life sciences, manufacturing, retail, government, energy and utilities, other) and regional forecast, 2020-2027 “the market was worth US $ 578.4 million in 2019 and will display a CAGR of 13.2% during the forecast period 2020-2027.

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List of Key Companies Featured In The Cloud Security Market Report:

  • Microsoft Corporation (Washington, United States)
  • CISCO SYSTEMS, INC. (California, United States)
  • IBM Corporation (New York, United States)
  • Palo Alto Networks, Inc. (California, United States)
  • Broadcom Inc. (California, United States)
  • VMware, Inc. (California, United States)
  • QUALYS, INC. (California, United States)
  • Trend Micro Incorporated (Tokyo, Japan)
  • ZSCALER, INC. (California, United States)
  • Check Point Software Technologies (Tel Aviv-Yafo, Israel)
  • Proofpoint Inc. (California, United States)
  • Cloudflare, Inc. (California, United States)
  • Fortinet, Inc. (California, United States)
  • Foreseeti (Stockholm, Sweden)
  • McAfee, Inc. (California, United States)
  • Sophos Ltd. (Abingdon, United Kingdom)
  • Panda Security (Bilbao, Spain)
  • Bitglass, Inc. (California, United States)
  • Imperva (California, United States)
  • Aqua Security Software Ltd. (Ramat Gan, Israel)
  • Barracuda Networks, Inc. (California, United States)

Cloud security market Share report scope and segmentation:

Cover of the report Details
Forecast period 2020 to 2027
Forecast period 2020 to 2027 CAGR 13.2%
2027 value projection $ 578.4 million
Year of reference 2019
Market size in 2019 $ 1,545.6 million
Historical data for 2016 to 2018
Number of pages 160
Covered segments Application; Security type; Business; Deployment and end user
Growth drivers The increasing number of mergers of companies will have a positive impact on the growth of the market
North America will become dominant in the world market; Massive R&D spending has generated several innovative software products

Pitfalls and challenges

Inconsistent network connection issues and lack of suitable cloud standard to hamper market growth

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Cloud security is essential for securing any form of data that is either transferred through cloud gateways or stored on cloud platforms. With the increasing adoption of cloud servers across the world, there is a further need for effective security tools. The increasing penetration of the internet has had a huge impact on the growth of the global cloud security market in recent years and recent technological advancements will provide the platform for vendors all over the world. The availability of low cost and free cloud platforms has contributed to the growing adoption in several countries around the world. The increasing investments in the security and reliability of data transmission over clouds will bode well for the growth of the global market for the foreseeable future.

An increase in demand for products during the Covid-19 pandemic will emerge in favor of market growth

The recent coronavirus outbreak has had a huge impact on several industries around the world. As most businesses suffer economically, efforts to curb the spread of the disease will add to the woes. That said, this has been a mixed case for online sellers. As most companies seek to operate through online platforms, the demand for cloud tools has increased dramatically in recent months. The increasing adoption of cloud platforms will subsequently create several growth opportunities for companies operating in the global cloud security market in the years to come.

The increasing number of mergers of companies will have a positive impact on the growth of the market

The report encompasses several factors which have contributed to the growth of the overall market in recent years. Among all the factors, the increasing number of mergers and acquisitions of companies has had the greatest impact on the growth of the market. Due to healthy competition in the market, companies are looking to adopt new strategies with the aim of expanding the acquisition of a larger global consumer base. In October 2019, Trend Micro Incorporated announced that it had completed the acquisition of Cloud Conformity, Inc. The company announced that it had acquired the company for approximately $ 70 million, an amount that indicates the potential of cloud security across the globe. . With this acquisition, the company will seek to enhance its cloud security offerings and subsequently acquire a broader consumer base globally.

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North America will become dominant in the world market; Massive R&D spending has generated several innovative software products

The report analyzes current market trends in five major regions including North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Among all regions, the North American market is expected to become dominant in the coming years. The high capital spending in the regional IT sector has created a huge platform for companies operating in this region. Growing investments in software product R&D have led to increased adoption of cloud-based platforms. In addition, the presence of several IT companies, especially in the United States, will also contribute to the growth of the regional market. In 2019, the cloud security market in North America was worth $ 188.3 million, and this value is expected to increase at a tremendous rate in the coming years.

Industry Developments:

October 2019– McAfee Inc., announced the launch of McAfee MVISION Insights, a product that will help organizations take a proactive, action-oriented approach to security by identifying threats.

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Detailed table of contents:

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Information source
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • Global Market Share Analysis and Matrix, 2019
  • Key market insight and analysis, by segment
  • Global Cloud Security Market Size Estimates and Forecasts (Quantitative Data), by Segments, 2016-2027
    • By application (value)
      • Cloud Identity and Access Management (IAM)
      • Email and web security
      • Data encryption and prevention
      • Threat intelligence, surveillance and prevention
      • Others (firewalls, operations management, etc.)
    • By security type (value)
      • Workload security
      • Internet security
      • Platform security
      • Application security
      • Endpoint security
      • Other (material, data, etc.)
    • By company size (value)
      • Large companies
      • Small and medium-sized enterprises (SMEs)
    • By deployment model (value)
    • By end user (value)
      • IT and Telecommunications
      • Banking, Finance, Security and Insurance (BFSI)
      • Health and Life Sciences
      • Manufacturing
      • Retail
      • Government
      • Energy and utilities
      • Others (Energy and utilities, government, others)
    • By region (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

Table of contents continued ..

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