Global Multi-Cloud Security Market Size study & Forecast, by Type (Security & Risk Management, Training & Consulting, Reporting & Analytics, Cloud Automation, Managed Services, Others) by Enterprise (Small & Medium Enterprise (SME), Large Enterprise), by

Global Multi-Cloud Security Market Size study & Forecast, by Type (Security & Risk Management, Training & Consulting, Reporting & Analytics, Cloud Automation, Managed Services, Others) by Enterprise (Small & Medium Enterprise (SME), Large Enterprise), by End-use (BFSI, IT & Telecom, Consumer Goods & Retail, Manufacturing, Healthcare, Media & Entertainment, Government, Others) and Regional Analysis, 2022-2029

Global Multi-Cloud Security Market is valued at approximately USD 6.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 27.5% over the forecast period 2022-2029. Multi-Cloud Security is a comprehensive strategy that combines more than one cloud computing platform to get the best benefits from every service. It keeps the enterprise and consumer data, assets and programs safe and protected from threats. The remote work due to uncertain situations during the pandemic made it easy to sift the workload on cloud platforms making the working easier and more effective. Additionally, the increasing incidence of cyber-attacks and security threats, and the rising adoption of cloud computing technologies are driving the market for the Multi-Cloud Security market.

The increasing number of cyberattacks and security threats is driving the market for Multi-Cloud security market. The rising concerns of data security and protection due to the number of cybercrime reported in 2021 were over 52 thousand in India. Over 15 million data records were exposed globally in the third quarter of 2022, boosting the demand for the market of multi-cloud security. The rising adoption of cloud computing technologies among organizations is also playing a major role in growing demand. For instance, the cloud applications market is growing at a CAGR of 4.8% and is anticipated to reach USD 168.6 billion by 2025. The multi-cloud management solution manages various cloud computing services such as SaaS, PaaS, and IaaS under a single heterogeneous architecture. Moreover, the continuous advancements and formulation and, initiatives by the government and major market players are fueling the demand for the multi-cloud security market. However, the high cost of Multi-Cloud Security stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Multi-Cloud Security Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market with a total market share of 35%. Cloud services are rapidly transforming into multi-cloud service platforms in this region. The growing adoption of cloud computing technologies, IoT devices, AI and ML is driving the demand for cloud computing solutions rapidly. The rapid digitalization and deployment of multi-cloud infrastructure are leading to the growing adoption of multi-cloud solutions for better security and data protection. Europe is anticipated to be the fastest-growing region over the forecast period. The shift of organizations from on-premises to cloud infrastructure is driving the demand for the multi-cloud security market in this region.

Major market player included in this report are:
BMC Software, Inc.
Citrix Systems Inc.
CloudBolt Software, Inc.
Microsoft Corporation
Dell Inc.
VMware Inc.
Jamcracker Inc.
Imperva Software Company
Flexera Software LLC
International Business Machines (IBM) Corporation

Recent Developments in the Market:
In April 2022, a new launch of Imperva Data Security Fabric was made Imperva to reduce the risk of data breaches and threats by securing sensitive data and ensuring consistent application of security policies. It locates databases of the network by detecting data vulnerabilities.
In February 2021, VMware, Inc. Announced new innovations in its VMware vRealize Cloud Management and SaaS products for better optimization, protection and modernization of multi-cloud infrastructures. This enables the consumers to operate and deploy securely in their hybrid environment.
Global Multi-Cloud Security Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Enterprise, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Security & Risk Management
Training & Consulting
Reporting & Analytics
Cloud Automation
Managed Services
Others
By Enterprise:
Small & Medium Enterprise (SME)
Large Enterprise
By End-use:
BFSI
IT & Telecom
Consumer Goods & Retail
Manufacturing
Healthcare
Media & Entertainment
Government
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
BMC Software, Inc.
Citrix Systems Inc.
CloudBolt Software, Inc.
Microsoft Corporation
Dell Inc.
VMware Inc.
Jamcracker Inc.
Imperva Software Company
Flexera Software LLC
International Business Machines (IBM) Corporation

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