The Cloud Security Software Market size is estimated at USD 45.70 billion in 2024, and is expected to reach USD 102.59 billion by 2029, growing at a CAGR of 17.56% during the forecast period (2024-2029).
The market for cloud security software is fragmented due to the rise in cyber-attacks over the years. Enterprises have become more aware and careful regarding their data stored in the cloud. Thus, they offer offerings from NortonLifeLock Inc. (Broadcom Inc.), CA Technologies (Broadcom Inc.), Microsoft Corporation, Armor Defense Inc., etc.
In April 2023, Uptycs, the provider of the first unified CNAPP and XDR platform, declared the ability to collect and analyze GitHub audit logs and user identity information from Okta and Azure Active Directory to reveal suspicious behavior as the developer moves code in and out of repositories and into production. The result is an "early warning system" that enables the security teams to identify and stop threat actors before they can access the cloud's crown jewel data and services.
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