PUBLISHER: The Business Research Company | PRODUCT CODE: 1648593
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648593
Cloud security is a set of policies, procedures, and technologies that work together to protect cloud data. Cloud security protects against data breaching, loss of confidential data, and insecure application programming interfaces (API) and improves the security capabilities and risk assessment of the cloud providers.
The main types of cloud security are application security, database security, endpoint security, network security, and web and email security. Application security has both hardware and software procedures to minimize data threats. The different service models include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) and are deployed through public, private, and hybrid. It is employed in several sectors such as BFSI, healthcare, IT, and telecom, among others.
The cloud security market research report is one of a series of new reports from The Business Research Company that provides cloud security market statistics, including cloud security industry global market size, regional shares, competitors with a cloud security market share, detailed cloud security market segments, market trends and opportunities, and any further data you may need to thrive in the cloud security industry. This cloud security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cloud security market size has grown rapidly in recent years. It will grow from $17.11 billion in 2024 to $19.71 billion in 2025 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to regulatory compliance requirements, focus on identity and access management, bring your own device trend, advanced persistent threats.
The cloud security market size is expected to see exponential growth in the next few years. It will grow to $43.7 billion in 2029 at a compound annual growth rate (CAGR) of 22.0%. The growth in the forecast period can be attributed to zero trust security models, container security measures, global privacy concerns, security awareness training. Major trends in the forecast period include multi-cloud security strategies, collaboration with managed security service providers, secure cloud-native networking, identity and access management enhancements, integrated cloud security platforms.
The increasing frequency of cyberattacks is anticipated to drive the growth of the cloud security market in the coming years. A cyberattack refers to a malicious and intentional attempt by an individual or organization to compromise the data of another individual or business. Organizations implement cybersecurity measures to reduce the risk of such attacks; consequently, the rise in attack incidents boosts the demand for cybersecurity solutions. For instance, in November 2022, the World Economic Forum, a Switzerland-based organization, reported a 14% increase in the cost of cybercrime for the period 2022-23 compared to 2021-22. Therefore, the growing number of cyberattacks is a significant factor propelling the growth of the cloud security market.
The increasing trends of digitalization and cloud computing are expected to fuel the growth of the cloud security market. Digitalization involves converting information or processes into a digital format, while cloud computing refers to the on-demand delivery of computing resources-such as servers, storage, databases, networking, software, analytics, and intelligence-over the Internet. Cloud security plays a crucial role in digitalization and cloud computing by managing and protecting large volumes of data and streamlining complex operations and processes. For example, a 2021 survey by Epilogue Systems, a US-based B2B software company focused on digital adoption solutions, projected that the global digital transformation market will reach an impressive $4.6 trillion USD by 2030. This projection highlights the significant shift toward digitalization across various industries, with a compound annual growth rate (CAGR) of 26.7% from 2023 to 2030. Consequently, the growth of the remote workforce is a major driver for the expansion of the cloud security market.
Technological Advancements have emerged as a key trend gaining popularity in the cloud security market. Many companies are launching new technological solutions in cloud security to meet customer demand. For instance, in May 2023, Amazon Web Services, a US-based Cloud computing company, introduced a new service, Amazon Security Lake, a cloud security offering that automatically centralizes an organization's security data from multiple sources into a purpose-built data lake. It helps customers improve their security posture, respond faster to security events, and simplify security data management across hybrid and multi cloud environment.
Major companies operating in the cloud security market are focused on developing innovative technologies, such as integrated identity as a service (IDaaS) technology to strengthen their position in the market. Identity as a Service (IDaaS) is a cloud-based service model that delivers identity and access management (IAM) services to organizations. For instance, in May 2022, Censornet, a UK-based company that offers cloud access security, launched integrated identity as a service (IDaaS) technology into an intelligent cybersecurity platform. This launch extends its services to organizations, offering them comprehensive control over user access through seamless integration with its existing Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) solutions. The amalgamation of IDaaS with Censornet's intelligent security platform introduces advanced rules governing permissions, specifying who, when, and from where access to particular applications is granted.
In August 2024, Mars, a leading US-based snacking company, completed the acquisition of Kellanova for $35.8 billion. This deal is intended to strengthen Mars' snacking portfolio, which features popular brands such as Snickers and M&Ms, alongside Kellanova's products like Pringles and Cheez-It. The acquisition aligns with Mars' strategy to double its snacking division over the next decade. Kellanova, previously known as the Kellogg Company, is a Chicago-based manufacturer and marketer of snacks and convenience foods.
Major companies operating in the cloud security market include Microsoft Corporation, Cisco Systems Inc., Cloudflare Inc., FireEye Inc., International Business Machines Corporation, McAfee Corp., Palo Alto Networks Inc., Proofpoint Inc., Qualys Inc., Trend Micro Incorporated, Zscaler Inc., Akamai Technologies Inc., Alphabet Inc., Barracuda Networks Inc., CrowdStrike Holdings Inc., CyberArk Software Ltd., Fidelis Cybersecurity Inc., Forcepoint LLC, Lacework Inc., Netskope Inc., Splunk Inc., Symantec Corporation, Tenable Inc., VMware Inc., Broadcom Inc., Sophos Group PLC, Bitglass Inc., Imperva Inc., CloudPassage Inc., Avanan Inc., Illumio Inc., vArmour Inc., Aqua Security Inc., SiteLock LLC, Accenture plc,Amazon Web Services Inc., Check Point Software Technologies Ltd.,
North America was the largest region in the cloud security market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the cloud security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The cloud security market includes revenues earned by entities by providing cloud security services that automate the processes for protecting an organization's cloud, avoiding unauthorized access, provides identity & access management, data loss prevention, web security, e-mail security, security assessments, intrusion management, encryption, disaster recovery, and network security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Security Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cloud security market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.