Cloud Security Software Market Synopsis
Cloud Security Software Market Size is Valued at USD 45.70 Billion in 2023 and is Projected to Reach USD 166.72 Billion by 2032, Growing at a CAGR of 17.56% From 2024-2032.
The Cloud Security Software Market is specifically a subsector of the cybersecurity market that aims to secure cloud-based applications, data, and facilities from threats and breaches. This market incorporates products that range from cloud access security brokers (CASBs), cloud workload protection platforms (CWPPs), and cloud security posture management (CSPM) tools. More and more businesses are moving to cloud computing services while the issue of security and compliance is quickly becoming vital and this is enforcing the need for cloud security software. But, factors like the increased threat of cybercrimes, enforcement of higher security standards for data and information, and the requirement of remote working platforms also contribute to this market.
- There are a number of drivers which are providing the thrust to the Cloud Security Software Market. This is the case mainly because more organizations are embracing cloud solutions for their operations, and as such, there is need for better security tools and measures to safeguard their valuable information and networks. Not only this, but data loss has also been a crucial concern and businesses wanted a secure way to store information; therefore, the growing threats and attacks in cyberspace have always kept the cloud security software market active.
- Further, the ‘Work from Home’ culture and the usage of numerous portable devices have increased the risks stemming from security threats, necessitating the adoption of cloud security solutions that are capable of securing data and devices from any location.
- One more factor is continual and growing growth of industry-related legislation and compliance concerning data protection. To protect individual information that is being stored and processed on cloud service providers, governments, and regulatory authorities globally are putting in place measures that are even tighter in order to protect data and information in clouds.
- This has urged organization to invest into cloud security software that can assist them in adhering to these regulations in order to avert lawsuits and fines. In addition, the increasing understanding and concern of organizations in relation to cybersecurity, and the threat of getting attacks or data breaches also encouraged them to invest more in cloud security products, which will positively impact the market.
Cloud Security Software Market Trend Analysis
Rapid Growth Driven by Increasing Cloud Adoption and Advanced Cyber Threat
- The Cloud Security Software Market is growing rapidly at a worldwide level owing to the eagerness of Cloud-Based services. More and more organizations are extracting their data and applications to the cloud for greater efficiency and flexibility. This phenomenon has led to a high need of cloud security to shield the organizations from various cybercrimes.
- What’s more, the improved emergence of powerful cyber threats that compel organizations to invest solely in strong cloud security software accelerates market expansion. In addition, the market is experiencing new advancements in the improved cloud security to meet advanced cyber threats.
- Vendors are continuing to target developments like Articial intelligence and Machine intelligence to serve advanced threat detection and remediation. However, growth is being further fueled by the enhanced legal mandates that have been put in place with regard to data security, which has driven the necessity of acquiring effective cloud security solutions among various organizations.
Navigating Cyber Threats, The Role of Cloud Security Software
- The Cloud Security Software Market is growing rapidly at a worldwide level owing to the eagerness of Cloud-Based services. More and more organizations are extracting their data and applications to the cloud for greater efficiency and flexibility. This phenomenon has led to a high need of cloud security to shield the organizations from various cybercrimes.
- What’s more, the improved emergence of powerful cyber threats that compel organizations to invest solely in strong cloud security software accelerates market expansion. In addition, the market is experiencing new advancements in the improved cloud security to meet advanced cyber threats.
- Vendors are continuing to target developments like Articial intelligence and Machine intelligence to serve advanced threat detection and remediation. However, growth is being further fueled by the enhanced legal mandates that have been put in place with regard to data security, which has driven the necessity of acquiring effective cloud security solutions among various organizations.
Cloud Security Software Market Segment Analysis:
Cloud Security Software Market is segmented on the basis of Deployment Model, Security Type, and end-users.
By Deployment Type, Public segment is expected to dominate the market during the forecast period
- The market is classified according to the kind of cloud environment it serves, including public cloud, private cloud, hybrid cloud, and multi-cloud. There are solutions that are aiming at ensuring that data and applications that are hosted in public cloud platforms which are owned and operated by cloud service provider.
- Private Cloud Security targets the provision of security to those resources exclusively allocated for use within a specific organisation. cloud security solutions that focus on both public and private cloud infrastructure help the organization overcome the issues which arise when two environments are connected, thus providing advantages of both.
- Multi-cloud security solutions are usually provided to organizations that employ several cloud service providers; they can apply identical security policies and measures in all the clouds. They help enterprises in narrowing down on the kind of security solutions that will be best suited for the kind of cloud deployment model that is going to be supported by the business that is involved.
By End User, BFSI segment held the largest share in 2023
- The end-user industries that comprise the cloud security software market include banking, financial services, and insurance (BFSI), healthcare, government, IT & telecom, and others.
- Sturdy security solutions are necessary for BFSI firms to maintain regulatory compliance and safeguard confidential financial information. Healthcare organizations must follow healthcare laws like HIPAA and protect patient information. Because government data is sensitive and they must adhere to government rules and regulations, government agencies have special security demands.
- Cloud security solutions are necessary for IT and telecom businesses to safeguard their networks, data, and infrastructure against online attacks. Cloud security solutions are also necessary for other businesses, like manufacturing, retail, and education, to protect their digital assets and guarantee data security and privacy.
- Vendors may better understand the unique security requirements and constraints of various sectors by segmenting the market based on end-user industries. This enables them to create solutions that are specifically designed to satisfy these needs.
Cloud Security Software Market Regional Insights:
Cloud Security Software Market Surge in North America
- Because of its strong technological foundation and widespread use of cloud services across a wide range of industries, North America is a major region propelling growth in the cloud security software market. Due to the necessity of protecting sensitive data and adhering to strict data protection requirements, the region is experiencing significant investments in cloud security solutions.
- A significant portion of the North American market comes from the United States, where many businesses use cloud security software to protect their digital assets. With some of the top cloud security software providers having their headquarters in the United States, the nation's strong emphasis on cybersecurity and technical innovation is driving market growth.
- Due to rising cloud use and increased focus on data security and privacy, Canada is likewise turning into a sizable market for cloud security software. The demand for innovative cloud security solutions is being driven by the nation's proactive attitude to cybersecurity and strict data protection rules.
- The cloud security software market in North America is dynamic, with fierce rivalry and quickening technology breakthroughs. For cloud security software vendors aiming to grow their footprint and product offerings, the region is an attractive market due to its robust regulatory framework and emphasis on cybersecurity.
Active Key Players in the Cloud Security Software Market
- AccuKnox (US)
- Akamai Technologies (US)
- Ascend Technologies (US)
- AWS (US)
- Banyan cloud (US)
- Broadcom (US)
- Caveonix (US)
- Check Point (Israel and US)
- Cisco (US)
- DataTheorem (US)
- Ermetic (Israel)
- F5 (US)
- Fidelis Cybersecurity (US)
- FireMon (US)
- Forcepoint (US)
- Fortinet (US)
- Google (US)
- IBM (US)
- Imperva (US)
- LookOut (US)
- Menlo Security (US)
- Microsoft (US)
- Netskope (US)
- OpsCompass (US)
- Orca Security (US)
- Palo Alto Networks (US)
- Proofpoint (US)
- Qualys (US)
- Rapid7 (US)
- Secberus (US)
- Skyhigh Security (US)
- Sonrai Security (US)
- Sysdig (US)
- Tenable (US)
- Tigera (US)
- Trellix (US)
- TrendMicro (Japan)
- Others
Global Cloud Security Software Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 45.70 Bn. |
Forecast Period 2024-32 CAGR: |
17.56 % |
Market Size in 2032: |
USD 166.72 Bn. |
Segments Covered: |
By Deployment Model |
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By Security Type |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US), and Other Major Players. |
- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- CLOUD SECURITY SOFTWARE MARKET BY DEPLOYMENT MODEL (2017-2032)
- CLOUD SECURITY SOFTWARE MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- PUBLIC CLOUD
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- PRIVATE CLOUD
- HYBRID CLOUD
- MULTI-CLOUD
- CLOUD SECURITY SOFTWARE MARKET BY SECURITY TYPE (2017-2032)
- CLOUD SECURITY SOFTWARE MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- IDENTITY AND ACCESS MANAGEMENT
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- DATA LOSS PREVENTION
- CLOUD ENCRYPTION
- NETWORK SECURITY
- OTHERS
- CLOUD SECURITY SOFTWARE MARKET BY END-USER (2017-2032)
- CLOUD SECURITY SOFTWARE MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- BFSI
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- HEALTHCARE
- GOVERNMENT
- IT & TELECOM
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Cloud Security Software Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ACCUKNOX (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- AKAMAI TECHNOLOGIES (US)
- ASCEND TECHNOLOGIES (US)
- AWS (US)
- BANYAN CLOUD (US)
- BROADCOM (US)
- CAVEONIX (US)
- CHECK POINT (ISRAEL AND US)
- CISCO (US)
- DATATHEOREM (US)
- ERMETIC (ISRAEL)
- F5 (US)
- FIDELIS CYBERSECURITY (US)
- FIREMON (US)
- FORCEPOINT (US)
- FORTINET (US)
- GOOGLE (US)
- IBM (US)
- IMPERVA (US)
- LOOKOUT (US)
- MENLO SECURITY (US)
- MICROSOFT (US)
- NETSKOPE (US)
- OPSCOMPASS (US)
- ORCA SECURITY (US)
- PALO ALTO NETWORKS (US)
- PROOFPOINT (US)
- QUALYS (US)
- RAPID7 (US)
- SECBERUS (US)
- SKYHIGH SECURITY (US)
- SONRAI SECURITY (US)
- SYSDIG (US)
- TENABLE (US)
- TIGERA (US)
- TRELLIX (US)
- TRENDMICRO (JAPAN)
- COMPETITIVE LANDSCAPE
- GLOBAL CLOUD SECURITY SOFTWARE MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Deployment Model
- Historic And Forecasted Market Size By Security Type
- Historic And Forecasted Market Size By End-User
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Cloud Security Software Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 45.70 Bn. |
Forecast Period 2024-32 CAGR: |
17.56 % |
Market Size in 2032: |
USD 166.72 Bn. |
Segments Covered: |
By Deployment Model |
|
|
By Security Type |
|
||
By End-User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US), and Other Major Players. |
Frequently Asked Questions :
The forecast period in the Cloud Security Software Market research report is 2024-2032.
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), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US), and Other Major Players.
The Cloud Security Software Market is segmented into by Deployment Model (Public cloud, Private Cloud, Hybrid Cloud, Multi-Cloud), By Security Type (Identity and Access Management, Data Loss Prevention, Cloud Encryption, Network Security) End-User (BFSI, Healthcare, Government, IT & Telecom, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Cloud Security Software Market is specifically a subsector of the cybersecurity market that aims to secure cloud-based applications, data, and facilities from threats and breaches. This market incorporates products that range from cloud access security brokers (CASBs), cloud workload protection platforms (CWPPs), and cloud security posture management (CSPM) tools. More and more businesses are moving to cloud computing services while the issue of security and compliance is quickly becoming vital and this is enforcing the need for cloud security software. But, factors like the increased threat of cybercrimes, enforcement of higher security standards for data and information, and the requirement of remote working platforms also contribute to this market
Cloud Security Software Market Size is Valued at USD 45.70 Billion in 2023 and is Projected to Reach USD 166.72 Billion by 2032, Growing at a CAGR of 17.56% From 2024-2032.