{"id":669919,"date":"2023-09-27T17:00:02","date_gmt":"2023-09-27T17:00:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=669919"},"modified":"2023-09-27T17:00:02","modified_gmt":"2023-09-27T17:00:02","slug":"cloud-security-market-size-share-with-focus-on-emerging-technologies-top-countries-data-top-key-players-update-and-forecast-2028","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/cloud-security-market-size-share-with-focus-on-emerging-technologies-top-countries-data-top-key-players-update-and-forecast-2028_669919.html","title":{"rendered":"Cloud Security Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2028"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/uploads\/1695794141.jpeg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Cloud Security Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2028\" src=\"https:\/\/www.abnewswire.com\/uploads\/1695794141.jpeg\" alt=\"Cloud Security Market Size, Share with Focus on Emerging Technologies, Top Countries Data, Top Key Players Update, and Forecast 2028\" width=\"225\" height=\"225\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Imperva (US), Trellix (US), Rapid7 (US), and AccuKnox (US).<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">Cloud Security Market by Offering (Solution and Services), Solutions (CASB, CWPP, CSPM, CDR, and CIEM), Services (Professional and Managed), Service Model (IaaS, SaaS, and PaaS), Type, Vertical, and Region – Global Forecast to 2028<\/div>\n<p style=\"text-align: justify;\">The global <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/cloud-security-market-100018098.html?utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr\" target=\"_blank\">cloud security market<\/a> size is projected to grow from USD 40.7 billion in 2023 to USD 62.9 billion by 2028 at a CAGR of 9.1% during the forecast period. The cloud security market is witnessing significant growth driven by various key factors, including using AI and ML for cloud security, developing DevSecOps practices, increasing adoption of multi-cloud environments, and the rise in BYOD and CYOD trends. Organizations seek robust cloud security solutions to protect their data and operations as they embrace modern practices and technologies in the cloud landscape. Cloud security providers are capitalizing on this demand by offering innovative solutions to safeguard digital assets and ensure data privacy and integrity.<\/p>\n<p style=\"text-align: justify;\"><strong>Download PDF Brochure:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=100018098&utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=100018098<\/a><\/p>\n<p style=\"text-align: justify;\"><strong>By vertical segment, the retail & eCommerce vertical will grow at the highest CAGR during the forecasted period<em>.<\/em><\/strong><\/p>\n<p style=\"text-align: justify;\">The retail and eCommerce industry is experiencing the highest CAGR in the cloud security market due to the increased adoption of cloud technologies for digital transformation. Data protection has become a priority, with more sensitive customer data and financial transactions being processed in the cloud. Retailers also face a higher risk of cyberattacks and data breaches, leading to the demand for advanced cloud security solutions. The COVID-19 pandemic has further accelerated the shift towards online shopping, boosting the adoption of cloud technologies in this sector. To tap into this growth opportunity, cloud security providers are customizing their solutions to meet the specific needs of retail and eCommerce, ensuring seamless integration and compliance with industry regulations. Thus, the retail and eCommerce segment is projected to have the highest CAGR during the forecast period.<\/p>\n<p style=\"text-align: justify;\"><strong>By Type, Visibility and Risk Assessment holds the largest market size during the forecast period.<\/strong><\/p>\n<p style=\"text-align: justify;\">By type, Visibility and Risk Assessment hold the largest market size in the cloud security market due to their critical role in enhancing overall cloud security. As cloud environments grow in complexity and scale, organizations face challenges in effectively identifying and managing potential security risks. Visibility solutions provide real-time insights into cloud assets, configurations, and activities, enabling businesses to monitor and detect any suspicious behavior or vulnerabilities proactively. On the other hand, risk assessment tools help organizations assess the security posture of their cloud infrastructure, applications, and data. By conducting thorough risk assessments, businesses can prioritize security measures, allocate resources efficiently, and proactively address potential threats. These capabilities are essential as they empower organizations to stay ahead of evolving cyber threats and maintain a robust security posture in their cloud deployments. The need for comprehensive visibility and risk assessment solutions has grown exponentially as businesses recognize their critical role in safeguarding sensitive data and maintaining compliance with industry regulations.<\/p>\n<p style=\"text-align: justify;\"><strong>Cloud Security Market Definition<\/strong><\/p>\n<p style=\"text-align: justify;\">As per MarketsandMarkets, cloud security is a branch of cybersecurity that focuses on protecting cloud computing systems. Its main goal is to ensure the privacy and safety of data within online-based infrastructure, applications, and platforms.<\/p>\n<p style=\"text-align: justify;\"><strong>Request Sample Pages:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=100018098&utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=100018098<\/a><\/p>\n<p style=\"text-align: justify;\"><strong>Cloud Security Market Regional Analysis:<\/strong><\/p>\n<p style=\"text-align: justify;\">Europe holds the second-largest market share in the cloud security market. Europe is prominently advancing in the cloud security market, driven by collaborations, robust governmental initiatives, and increasing cyber threats. With nations like Germany, the UK, and France leading the way, the continent is positioning itself as a major stakeholder in global cloud security, emphasizing stringent data protection laws and public-private partnerships for a resilient cybersecurity ecosystem. <\/p>\n<p style=\"text-align: justify;\">The UK has taken significant steps to promote cloud security. For instance, the UK government has proactively launched measures to bolster cloud safety throughout the nation. The National Cyber Security Center (NCSC) has set forth 14 guiding principles focused on the safe usage, setup, and implementation of cloud platforms. Additionally, a collaboration between UK Cloud Health, a government-endorsed cloud provider, and the NHS aims to offer both security management services and expert consultancy, assisting healthcare entities in formulating secure cloud integration tactics. Furthermore, the UK government is actively soliciting feedback on enhancing the protection and robustness of domestic data centers, underscoring their dedication to defending critical systems.<\/p>\n<p style=\"text-align: justify;\">Germany’s dedication to cloud security is evident through its rapid adoption rates, with 61% of its companies implementing cloud security, outpacing even the UK. Despite facing challenges like a 39% data breach rate in cloud systems in 2022, the German government is proactive, introducing the 2021 Cyber Security Strategy. This framework emphasizes societal, industrial, and international collaboration, advocating for digital sovereignty and a security-by-design approach. Supported by strict data protection laws like the GDPR, Germany is emerging as a pivotal player in the global cloud security landscape.<\/p>\n<p style=\"text-align: justify;\">The cloud security market in France is growing, with projections reaching €5.16 million by 2028. Collaborations like Thales with Google in 2021 highlight France’s cloud adoption pace. Amidst security challenges like ransomware attacks, the French government introduced a national cloud strategy, emphasizing servers in France operated by European entities. This strategy, combined with partnerships like ANSSI and BSI, showcases France’s commitment to enhancing European cybersecurity. <\/p>\n<p style=\"text-align: justify;\">In Sweden, the cloud security market is set to grow significantly, projected to reach USD 101.78 million by 2028. As cloud adoption increases, concerns over security intensify with 80% of IT professionals worried about public cloud vulnerabilities. The Swedish government’s strategy promotes hosting cloud servers domestically and leans on European operators. Enhancing this, Microsoft has introduced sustainable data centers across key locations. Similarly, in Denmark, past cloud security breaches, such as the 2018 Danske Bank incident, have underlined the urgency for enhanced cloud security measures. The Danish government’s response includes a comprehensive National Strategy for Cyber and Information Security and the strict implementation of data protection laws like the GDPR. Collaboration efforts, such as with Denmark’s CERT and guidance from the Danish Data Protection Agency, signify the nation’s proactive approach to securing the cloud.<\/p>\n<p style=\"text-align: justify;\"><strong>Unique Features in the Cloud Security Market:<\/strong><\/p>\n<p style=\"text-align: justify;\">It places a focus on using Cloud-Native Security Solutions, specially designed solutions made to effectively safeguard cloud systems while maximising efficiency and scalability.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Second, the industry attaches a great deal of significance to Identity and Access Management (IAM), which provides fine-grained control over user access and permissions in addition to capabilities like single sign-on (SSO) and multi-factor authentication (MFA).<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">A further noteworthy development is the uptake of Cloud Access Security Broker (CASB) solutions, which serve as middlemen between consumers and suppliers of cloud services to provide visibility, compliance, and security across cloud applications.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Organisations can protect sensitive data in cloud settings, whether it is in transit or at rest, thanks to Data Loss Prevention (DLP), which is a key area of focus.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">The Cloud Security Market expands its coverage to include specialised Serverless Security Solutions that safeguard serverless processes and applications as serverless computing gains popularity.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Additionally, as containerized programmes are used more and more in cloud environments, container security solutions are essential for checking for vulnerabilities.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Given the crucial role APIs play in facilitating the communication of cloud services, API security is another noteworthy characteristic. These technologies safeguard APIs, guarding against unauthorised access and information leaks.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\"><strong>Major Highlights of the Cloud Security Market:<\/strong><\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Numerous noteworthy developments in the cloud security market attest to the market’s critical importance in safeguarding digital assets and data. As businesses progressively shift their data and apps to cloud platforms, one of the most noticeable developments is the rapid adoption of cloud computing across industries. To protect priceless assets, the rise in cloud usage calls for strict security measures.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">The market’s support for a variety of cloud environments is another distinguishing feature. Recognising the different nature of organisations’ cloud deployments, Cloud Security adapts to the various needs of organisations using public, private, and hybrid clouds.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Cloud-Native Security Solutions are given a lot of attention in the world of cloud security. These solutions were created with the express purpose of effectively securing cloud environments while enhancing performance and scalability and guaranteeing the safety of cloud-native applications.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">The Shared Responsibility Model is only acknowledged in relation to cloud security. It establishes boundaries between clients and cloud service providers and places emphasis on the necessity for businesses to secure their own data and cloud setups.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\">Finally, organisations with Multi-Cloud and Hybrid Cloud Deployments have strong support from Cloud Security solutions, which acknowledge the popularity of these configurations and give thorough security coverage.<\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\"><strong>Inquire Before Buying:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=100018098&utm_source=referral&utm_medium=abnewswire&utm_campaign=paidpr\" target=\"_blank\">https:\/\/www.marketsandmarkets.com\/Enquiry_Before_BuyingNew.asp?id=100018098<\/a><\/p>\n<p style=\"text-align: justify;\"> <\/p>\n<p style=\"text-align: justify;\"><strong>Competitive overview:<\/strong><\/p>\n<p style=\"text-align: justify;\">The cloud security market is led by some of the globally established players, namely IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Imperva (US), Trellix (US), Rapid7 (US). Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players adopt to increase their market presence.<\/p>\n<p style=\"text-align: justify;\">Broadcom (US) is a global player in the cloud security market, renowned for its advanced infrastructure solutions and engineering excellence. With a diverse product portfolio and expertise in semiconductor and infrastructure software, Broadcom is well-equipped to meet the unique challenges of cloud security. The company’s category-leading offerings span data center networking, storage, enterprise and mainframe software, telecoms, and factory automation, providing comprehensive solutions to safeguard cloud-based infrastructure, applications, and platforms. Additionally, strategic acquisitions, including Symantec (US) and CA Technologies (US), have bolstered Broadcom’s position, enabling them to deliver integrated security solutions tailored to the evolving needs of cloud environments. With a strong record of innovation and commitment to driving advancements in cloud security technology, Broadcom continues to be a significant force in this rapidly growing market.<\/p>\n<p style=\"text-align: justify;\">AWS (US), a subsidiary of Amazon, is a prominent player in the cloud security market, offering a wide range of infrastructure and services to enhance cloud security. With AWS, businesses gain the control and confidence needed to securely run their operations in a flexible, secure cloud computing environment. AWS provides data centers and a network to protect information, identities, applications, and devices, ensuring organizations meet core security and compliance requirements. AWS offers fine-grain identity and access controls, continuous monitoring for real-time security information, and automation of security tasks to reduce risks and enhance overall security posture. Additionally, AWS sets high privacy and data security standards through encryption capabilities and automatic encryption of data flowing across its global network. With the largest ecosystem of security partners and solutions, AWS allows customers to deploy a comprehensive security architecture and seamlessly integrate cloud and on-premises environments while meeting global compliance requirements.<\/p>\n<p style=\"text-align: justify;\">Apart from prominent vendors, other players include Skyhigh Security, FireMon, Sysdig, LookOut, Fidelis Cybersecurity, DataTheorem, OpsCompass, Tufin, Menlo Security, Tigera, Orca Security, Ascend Technologies, Secberus, Ermetic, Sonrai Security, Wiz, Caveonix, Banyan cloud, and AccuKnox which are also evolving in the cloud security market.<\/p>\n<p style=\"text-align: justify;\">Ermetic (Israel) is a leading player in the cloud security market, offering a holistic and effective approach to safeguarding cloud infrastructures. With a strong emphasis on identity-based security, its SaaS solution enables organizations to prevent breaches by continuously analyzing and monitoring permissions, configurations, and behavior across various cloud resources. Using advanced analytics and automation, Ermetic empowers businesses to identify and address security risks in real-time, reducing their attack surface and enforcing the principle of least privilege at scale. The company’s CNAPP provides comprehensive visibility and control over cloud security, making it a preferred choice for Fortune 50 companies and organizations looking to bolster their cloud security posture, ensure compliance, and protect their cloud data.<\/p>\n<p style=\"text-align: justify;\">Orca Security (US) is a leading company that helps businesses stay secure in the cloud. It makes cloud security fast, easy, and affordable for organizations. With an innovative platform, it can quickly identify and prioritize security risks in the cloud. The company’s strengths lie in its simple onboarding process and context-aware security, which provides insights into various risks. Moreover, the company has automation capabilities to fix vulnerabilities and improve overall cloud security efficiently. Orca Security is recognized for its commitment to employees and has strong partnerships with technology vendors. The company focuses on offering comprehensive cloud security solutions and building strong relationships with its customers and partners.<\/p>\n<p style=\"text-align: justify;\">MnM says most businesses use inorganic growth strategies to hold their market share. In 2021–2022, the number of agreements rose significantly. MnM is expecting that the rate of agreements will further increase in the cloud security market in the coming years as startups are evolving in this market space, having technical advancements which, with time, get acquired or partnerships with tech giants to bring the innovations in their existing solutions and increase their market share in the cloud security market.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/marketsandmarkets.com_.html\" rel=\"nofollow\">MarketsandMarkets\u2122 Research Private Ltd.<\/a><br \/><strong>Contact Person:<\/strong> Mr. Aashish Mehra<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=cloud-security-market-size-share-with-focus-on-emerging-technologies-top-countries-data-top-key-players-update-and-forecast-2028\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> 18886006441<br \/><strong>Address:<\/strong>630 Dundee Road Suite 430<br \/><strong>City:<\/strong> Northbrook<br \/><strong>State:<\/strong> IL 60062<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/cloud-security-market-100018098.html\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/Market-Reports\/cloud-security-market-100018098.html<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/cloud-security-market-100018098.html\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=cloud-security-market-size-share-with-focus-on-emerging-technologies-top-countries-data-top-key-players-update-and-forecast-2028\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), … <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/cloud-security-market-size-share-with-focus-on-emerging-technologies-top-countries-data-top-key-players-update-and-forecast-2028_669919.html\">Continue reading <span class=\"meta-nav\">→<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,421,412,411,416],"tags":[],"class_list":["post-669919","post","type-post","status-publish","format-standard","hentry","category-Business","category-Computers-Software","category-News-Current-Affairs","category-Technology","category-World"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/669919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=669919"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/669919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=669919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=669919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=669919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}