Cloud Workload Protection Market
Growth Factors of Cloud Workload Protection Platform Market
The global cloud workload protection platform market size was valued at USD 2.77 billion in 2022 and is projected to grow from USD 3.28 billion in 2023 to USD 12.10 billion by 2030, exhibiting a CAGR of 20.5% during the forecast period of 2023-2030.
The COVID-19 pandemic boosted the Cloud Workload Protection Platform (CWPP) marketplace. Organizations unexpectedly adopted cloud-based total infrastructure for far-flung paintings, growing the call for enhanced cloud protection solutions and impeding the cloud workload protection platform market growth.
Key driving elements for the Cloud Workload Protection Platform (CWPP) market include the growing adoption of cloud services, the rising need for steady cloud environments, increasing cyber threats, and shifting closer to multi-cloud and hybrid cloud infrastructures.
Advanced threat detection and prevention are vital components of cloud workload safety platforms (CWPPs). By leveraging synthetic intelligence (AI) and gadget learning, CWPP answers can efficiently detect and save you advanced threats, including malware, ransomware, and 0-day assaults, expanding the cloud workload protection platform market share globally. Additionally, behavioral analytics permits those platforms to discover strange activities that can indicate a security breach, providing proactive safety for cloud workloads. This mixture of advanced technology guarantees robust protection and facilitates businesses in mitigating the risks associated with cloud computing.
Comprehensive Analysis of Cloud Workload Protection Platform Market
The Cloud Workload Protection Platform (CWPP) market is segmented based on components, deployment, company kind, and give-up-person. Regarding additives, vulnerability assessment leads due to growing cloud adoption, imparting visibility into workloads and safety problems. Deployment is segmented into public, non-public, and hybrid clouds, with the public cloud dominating because it enables corporations to control workloads while the hybrid cloud is developing rapidly. Large firms maintain a considerable marketplace proportion, pushed by complex IT infrastructure and safety desires, while SMEs see consistent adoption. The BFSI area is anticipated to experience the best increase, driven by the call for robust security and records privacy in cloud environments.
The North America region led the cloud workload protection platform market by benefitting a size of USD 1.25 billion in 2023 due to the increasing adoption of the cloud era and the rise of far-flung paintings; North America is anticipated to maintain the most crucial marketplace share and keep its dominance.
The leading players in the Cloud Workload Protection Platform (CWPP) market significantly influence its growth trajectory and establish industry standards. Key companies such as Trend Micro Incorporated (Japan), Palo Alto Networks (U.S.), VMware, Inc. (U.S.), SentinelOne (U.S.), Microsoft (U.S.), Musarubra US LLC (Trellix) (U.S.), Lacework (U.S.), Orca Security (U.S.), Sysdig (U.S.), Check Point Software Technologies Ltd. (Israel), and Cisco Systems, Inc. (U.S.) contribute to a competitive landscape, driving innovation and advancing market development.
In July 2023, Cisco unveiled Panoptica, a Cloud Native Application Security solution designed to address the evolving necessities of contemporary cloud security packages. This solution offers lifecycle safety for cloud-local utility environments, simplifies hazard identification, and correctly mitigates vulnerabilities via sturdy assault direction evaluation throughout hybrid and multi-cloud settings.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 20.5% from 2023 to 2030
Unit Value (USD billion)
Segmentation By Component
Compliance Management
Vulnerability Assessment
Runtime security
Threat Detection and Response
Monitoring
Other (Encryption management, Micro-segmentation)
By Deployment
Public
Private
Hybrid
By Enterprise Type
SMEs
Large Enterprise
By End-User
BFSI
IT & Telecom
Government
Healthcare
Manufacturing
Energy & Utilities
Retail
Others (Education, Media & Entertainment)
By Region
North America (By Component, Deployment, Enterprise Type, End-User, and Country)
- U.S. (By Deployment)
- Canada (By Deployment)
- Mexico (By Deployment)
South America (By Component, Deployment, Enterprise Type, End-User, and Country)
- Brazil (By Deployment)
- Argentina (By Deployment)
- Rest of South America
Europe (By Component, Deployment, Enterprise Type, End-User, and Country)
- U.K. (By Deployment)
- Germany (By Deployment)
- France (By Deployment)
- Italy (By Deployment)
- Spain (By Deployment)
- Russia (By Deployment)
- Benelux (By Deployment)
- Nordics (By Deployment)
- Rest of Europe
Middle East & Africa (By Component, Deployment, Enterprise Type, End-User, and Country)
- Turkey (By Deployment)
- Israel (By Deployment)
- GCC (By Deployment)
- North Africa (By Deployment)
- South Africa (By Deployment)
- Rest of the Middle East & Africa
Asia Pacific (By Component, Deployment, Enterprise Type, End-User, and Country)
- China (By Deployment)
- India (By Deployment)
- Japan (By Deployment)
- South Korea (By Deployment)
- ASEAN (By Deployment)
- Oceania (By Deployment)
- Rest of Asia Pacific
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