Cloud Security

Cloud Security

Global Cloud Security Market to Reach US$28.2 Billion by 2030

The global market for Cloud Security estimated at US$11.6 Billion in the year 2023, is expected to reach US$28.2 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2023-2030. Cloud IAM, one of the segments analyzed in the report, is expected to record a 14.6% CAGR and reach US$14.3 Billion by the end of the analysis period. Growth in the Cloud Email Security segment is estimated at 13.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 12.4% CAGR

The Cloud Security market in the U.S. is estimated at US$3.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.4% and 11.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.

Global Cloud Security Market - Key Trends and Drivers Summarized

Cloud security is an essential facet of modern IT strategies, encompassing a wide range of policies, tools, processes, and personnel dedicated to safeguarding cloud computing environments from various threats and unauthorized access. This comprehensive protection covers the entire cloud stack, including physical networks, storage infrastructure, and the data and applications residing in the cloud. Unlike traditional on-premises security, cloud security incorporates unique technologies and practices tailored to address challenges such as broad accessibility and the shared responsibility model inherent to cloud computing. As organizations increasingly migrate their workloads to the cloud, robust cloud security measures are crucial to protect against threats like DDoS attacks, API exploitation, and data corruption while ensuring regulatory compliance and maintaining control over cloud-based resources.

The shared responsibility model is a cornerstone of cloud security, delineating the division of security responsibilities between cloud providers and customers. This framework varies across different service models—Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Desktop as a Service (DaaS)—and deployment models including public, private, and hybrid clouds. In an IaaS model, for instance, the cloud provider manages the physical infrastructure, while the customer is responsible for securing applications and data. This necessitates clear communication and coordination to ensure comprehensive protection. Cloud security also involves managing widely accessible applications and data, securing APIs, and addressing the complexities of multi-cloud environments. Effective measures include Web Application Firewalls (WAFs) to protect against SQL injections and cross-site scripting, robust API protection, bot management to prevent brute force and DDoS attacks, data encryption in transit and at rest, and adopting a Zero Trust security model that verifies all connection attempts before granting access.

The market growth for cloud security is driven by several key factors. The advanced threat landscape, characterized by increasingly sophisticated cyber threats like ransomware, phishing, and Advanced Persistent Threats (APTs), pushes organizations to adopt more advanced security measures. Regulatory and compliance changes across different regions and industries require adaptable cloud security solutions to meet new demands swiftly. The proliferation of mobile and IoT devices in corporate environments expands the attack surface, necessitating robust solutions to manage and secure these devices. The shift towards multi-cloud and hybrid environments further complicates security management, driving the demand for integrated solutions that can secure diverse platforms. Heightened awareness of data breaches has led to increased investment in cloud security to protect sensitive information and maintain customer trust. Additionally, integrating AI and machine learning technologies into cloud security enhances threat detection and response capabilities, while the demand for scalable and flexible security solutions aligns with the dynamic nature of cloud environments, ensuring security adapts to changing business needs without compromise.

Select Competitors (Total 148 Featured) -

• Aisin Seiki Co., Ltd.
• American Axle &
• Manufacturing Inc.
• BorgWarner, Inc.
• Magna International, Inc.
• ZF Friedrichshafen AG

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