Cloud Compliance Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Application; By Cloud Model; By Organization Size; By Vertical; By Region; Segment Forecast, 2023-2032

Cloud Compliance Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Application; By Cloud Model; By Organization Size; By Vertical; By Region; Segment Forecast, 2023-2032

The global cloud compliance market size is expected treach USD 129.03 billion by 2032, according ta new study by Polaris Market Research. The report “Cloud Compliance Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Application; By Cloud Model; By Organization Size; By Vertical; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing demand for this software will fuel the market's growth in the upcoming years. According ta 2020 Centrify & CensusWide poll, 43% of the organizations surveyed had yet tmake plans tmigrate tthe cloud by March 2020 fully. However, due tthe COVID-19 outbreak, 48% are already streamlining their preparations for cloud migration, and about 36% intend tuse cloud technology tdigitize more of their business activities. The sudden shift tremote work in response tthe Pandemic has accelerated the adoption of cloud computing and other digital technologies, leading tan increased demand for cloud-based solutions and services. This has pressured organizations tensure their cloud infrastructure and data meet regulatory and compliance requirements.

The sudden shift tremote work due tlockdowns and social distancing measures has created new vulnerabilities in many security systems. Cybercriminals have taken advantage of the sudden change in work habits and increased dependence on digital technology tlaunch more frequent and sophisticated attacks. With more people working from home and accessing company networks and systems remotely, the attack surface has expanded, making it easier for cybercriminals taccess sensitive information.

According tthe Data Analysis by Purple sec US, a 600% increase in cybercrime has been observed from the start of the pandemic. 380% increase in the rate of ransom attacks since 2018. 60% of small and medium enterprises gunder Cyber-attack within six months. These factors will further fuel the growth and demand for the market in the upcoming years.

By leveraging cloud solutions, organizations can reduce their IT costs and free up resources that can be invested in other areas, such as innovation and growth. For instance, migrating tthe cloud can save 30% t50% for Oracle Cloud clients. Cloud compliance solutions can help organizations comply with regulations while reducing costs. The growing awareness of cybersecurity threats drives the demand for cloud compliance solutions as organizations look tensure that their data and systems remain secure and protected against cyber-attacks.

Cloud Compliance Market Report Highlights

Managed Services subsegment is anticipated twitness significant growth rate in coming years due tthe Increasing demand for specialized services by firms

Software as a service model accounted for the higher growth rate owing tthe cost-effective way tmanage compliance needs tthe business organizations.

Large Enterprise segment is projected texperience a significant growth rate due tits advantages such as it manages their data more effectively and ensures that it remains secure.

Healthcare segment is expected thave a higher growth rate owing tthe growing need for secure and compliant solutions in the healthcare industry.

North America is expected thave a larger revenue share owing tthe high rate of adoption of cloud compliance.

The global players include Microsoft, IBM, Check Point, AT&T, Broadcom, Qualys, Nutanix, Sophos, Oracle and PalAltNetworks.

Polaris Market Research has segmented the cloud compliance market report based on component, application, cloud model, organization size, vertical and region:

Cloud Compliance, Component Outlook (Revenue - USD Billion, 2019 - 2032)

Software

Cloud Security Posture Management

Cloud Workload Protection Platform

Cloud Access Security Broker

Cloud Native Application Protection Platform

Services

Managed Services

Professional Services

Cloud Compliance, Cloud Model Outlook (Revenue - USD Billion, 2019 - 2032)

Infrastructure-as-a-Service (laaS)

Platform-as-a-Service (PaaS)

Software-as-a-Service (SaaS)

Cloud Compliance, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Audit and Compliance Management

Threat Detection and Remediation

Activity Monitoring and Analytics

Visibility and Risk Assessment

Cloud Compliance, Organizational Size Outlook (Revenue - USD Billion, 2019 - 2032)

Large Enterprises

Small and Medium Enterprises

Cloud Compliance, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

Banking, Financial Services and Insurance (BFSI)

Government

Healthcare

IT and ITeS

Retail and e-commerce

Manufacturing

Utilities

Cloud Compliance, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa