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Global $6.7 Bn Cloud Workload Protection Market 2018-2023 by Solution, Service, Deployment Model, Organizational Size, Vertical, and RegionDUBLIN, May 4, 2018 /PRNewswire/ -- The "Cloud Workload Protection Market by Solution (Monitoring and Logging, Policy and Compliance Management, Threat Detection Incident Response), Service, Deployment Model, Organizational Size, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The cloud workload protection market size is expected to grow from USD 2.25 Billion in 2018 to USD 6.7 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. The major drivers of this market include the growing adoption of the multi-cloud strategy, increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, centralized policy management, and simplified installation for distributed enterprise networks. The cloud workload protection market report has been broadly classified on the basis of solutions into monitoring and logging, policy and compliance management, vulnerability assessment, threat detection and incident response, and others (tokenization, encryption, and key management). On the basis of services, the market has been classified into training, consulting, and integration; support and maintenance; and managed services. By deployment model, the market has been categorized into public cloud, private cloud, and hybrid cloud. On the basis of verticals, the market has been divided into Banking, Financial Services, and Insurance (BFSI), healthcare and life sciences, IT and telecommunications, retail and consumer goods, manufacturing, government and public sector, media and entertainment, energy and utilities, others (education, and transportation and logistics). By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The policy and compliance management segment is expected to grow at the fastestrate during the forecast period. The key reason for the high growth is an efficient policy management that enables the segmentation requirements for compliance with various regulations, including General Data Protection Regulation (GDPR), Payment Card Industry Data Security Standard (PCI DSS), and Health Insurance Portability and Accountability Act (HIPAA), and Revised Payment Services Directive (PSD2). The public cloud segment is estimated to account for the largest market share in 2018 and is expected to grow at a significant rate during the forecast period. The major reason for the high adoption of the public cloud is its ease of access and faster deployment. This segment offers various benefits, such as scalability, reliability, flexibility, and remote location access to enterprises. Key Topics Covered Media Contact: Research and Markets
View original content:http://www.prnewswire.com/news-releases/global-6-7-bn-cloud-workload-protection-market-2018-2023-by-solution-service-deployment-model-organizational-size-vertical-and-region-300642281.html SOURCE Research and Markets |