Cloud computing has emerged as one of the most prominent technology over recent years. Cloud and its services have been widely adopted in different applications including healthcare, banking, government, IT industries, and so forth. Various benefits offered by the cloud such as high scalability, faster deployment, and cost-effectiveness are the major drivers which have propelled the demand for cloud services. However, cloud security has been a major issue since its arrival in the market. The benefits of cloud security make it highly adopted, however it attracts cybercriminals at the same time hence driving the demand for robust cloud security solutions.
Adroit Market Research study on the global market for cloud security offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
The BFSI industry segment is likely to hold a significant market share in 2021. Major growth factors are the increasing necessity of data criticality and repositories of information warehoused. Additionally, growing market competition and the need to secure customer data are also crucial factors driving the market growth in this segment.
Businesses are evolving with the continuous changes and progress happening in the technological sector. With the growing adoption of digital services, the chances that a particular business gets hit by a cyberattack or cybercriminals attempt to steal business-critical data also increase significantly. Moreover, the rise in the adoption of cloud computing services with increasing security issues is expected to motivate organizations to shift their attention towards cloud security. Organizations are expected to adopt cybersecurity measures for their cloud computing services. As a result, a good future of the cloud security market is expected due to growing concerns over cybersecurity.
The key players of the global cloud security market report include AWS, Broadcom, Cisco, Cloudflare, FireEye, Fortinet, IBM, Microsoft, Sophos, and Trend Micro.
Key Segments of the Global Cloud Security Market
Service Type Overview, 2018-2028 (USD Million)
- Field Services
- Application Management Services
- Workplace Migration & Automation Services
- Collaboration Services
- Mobility and Telecom Services
- Asset Management Services
- Desktop Virtualization
Organization Size, 2018-2028 (USD Million)
- Large Organizations
- Small & Medium Organizations
Industry Vertical 2018-2028 (USD Million)
- IT & Telecom
- Logistics & Transportation
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America