Cloud Security Software in the US - Industry Market Research Report

Cloud Security Software in the US - Industry Market Research Report

Cloud Security Software in the US

Cloud security software is the foremost industry providing data privacy, security and protection to a wide range of clients. During the current period, online cloud service use has skyrocketed, with major implementation during COVID-19 as online shopping became crucial. Major growth in 2020 helped the industry offset any potential declines brought about by the disruptions. Despite major economic disruptions experienced in 2020, cloud security software companies were in high demand as everything went online. As a result, revenue is expected to grow at a CAGR of 3.5% to $14.0 billion through 2023, even with a slight 1.5% drop in 2023, when profit is set to hit 19.4% of revenue.

Companies in this industry offer software and policies to ensure data privacy, security and protection.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.