Public Cloud Management and Security Services

Public Cloud Management and Security Services

Global Public Cloud Management and Security Services Market to Reach US$103.7 Billion by 2030

The global market for Public Cloud Management and Security Services estimated at US$23.5 Billion in the year 2023, is expected to reach US$103.7 Billion by 2030, growing at a CAGR of 23.6% over the analysis period 2023-2030. Security Function, one of the segments analyzed in the report, is expected to record a 23.0% CAGR and reach US$42.2 Billion by the end of the analysis period. Growth in the Storage Management Function segment is estimated at 23.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.3 Billion While China is Forecast to Grow at 22.5% CAGR

The Public Cloud Management and Security Services market in the U.S. is estimated at US$6.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.6 Billion by the year 2030 trailing a CAGR of 22.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 21.0% and 20.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.0% CAGR.

Global Public Cloud Management and Security Services Market - Key Trends and Drivers Summarized

Securing the Cloud: The Growing Market for Public Cloud Management and Security Services

As businesses increasingly migrate their operations to the cloud, the need for robust public cloud management and security services has become critical. Public cloud platforms offer scalability, flexibility, and cost efficiency, but they also introduce new challenges in terms of data security, compliance, and operational management. Ensuring the security of sensitive data and maintaining compliance with industry regulations are top priorities for businesses operating in the cloud. Public cloud management and security services provide comprehensive solutions to these challenges, offering tools and expertise to manage cloud infrastructure, monitor and mitigate security risks, and ensure compliance with regulatory requirements. As the adoption of public cloud services continues to grow, the demand for effective management and security solutions is becoming increasingly important for businesses of all sizes.

How Are Technological Innovations Driving the Public Cloud Management and Security Market?

Technological innovations are driving the growth and sophistication of public cloud management and security services, enabling businesses to better manage and secure their cloud environments. The integration of artificial intelligence (AI) and machine learning (ML) into cloud management platforms has revolutionized the way businesses monitor and respond to security threats, enabling real-time threat detection and automated response capabilities. AI-powered tools can analyze vast amounts of data to identify patterns and anomalies that may indicate a security breach, allowing businesses to proactively address potential threats before they cause significant damage. Additionally, the development of advanced encryption and identity management solutions has enhanced the security of data stored in the cloud, ensuring that only authorized users have access to sensitive information. The adoption of multi-cloud and hybrid cloud strategies is also driving the demand for integrated management and security solutions that can seamlessly operate across different cloud environments. These technological advancements are making public cloud management and security services more powerful and essential for businesses.

What Are the Key Applications and End-User Industries for Public Cloud Management and Security Services?

Public cloud management and security services are used across a wide range of industries, with key applications in finance, healthcare, retail, and government. The finance industry, with its stringent regulatory requirements and need for secure data storage, is a major user of public cloud management and security services. These services help financial institutions protect sensitive customer data, ensure compliance with regulations such as GDPR and PCI-DSS, and manage complex cloud infrastructures. The healthcare industry also relies heavily on cloud management and security services to protect patient data, comply with regulations such as HIPAA, and manage electronic health records (EHRs) in the cloud. In the retail sector, public cloud services are used to manage e-commerce platforms, customer data, and supply chain operations, with security services ensuring the protection of sensitive payment information and customer data. Government agencies use public cloud management and security services to protect critical infrastructure, manage cloud-based services, and ensure compliance with cybersecurity standards. These diverse applications highlight the importance of public cloud management and security services in supporting the digital transformation of various industries.

What Are the Key Growth Drivers in the Market?

The growth in the public cloud management and security services market is driven by several factors. The increasing adoption of cloud computing across various industries is a major driver, as businesses seek scalable, flexible, and cost-effective solutions for managing their IT infrastructure. Technological advancements in AI, machine learning, and encryption are enhancing the capabilities of cloud management and security services, driving their adoption among businesses seeking to improve their security posture. The growing complexity of multi-cloud and hybrid cloud environments is also contributing to market growth, as businesses require integrated management and security solutions to ensure seamless operations across different cloud platforms. Additionally, the rising threat of cyberattacks and the increasing focus on regulatory compliance are driving the demand for robust cloud security services. As businesses continue to embrace digital transformation, the need for effective public cloud management and security services is expected to grow, making this market a critical component of the modern IT landscape.

Select Competitors (Total 13 Featured) -

• Accenture PLC
• Amazon Web Services, Inc.
• Capgemini SE
• Cisco Systems, Inc.
• Cognizant Technology Solutions Corporation
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• VMware, Inc.

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