TMCnet News
Cloud Data Security Market worth $9.1 billion by 2027 - Exclusive Report by MarketsandMarkets™CHICAGO, Feb. 7, 2023 /PRNewswire/ -- The Global Cloud Data Security Market is projected to grow from USD 4.4 billion in 2022 to USD 9.1 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period, according to a new report by MarketsandMarkets™. Factors driving the market growth include increasing security attacks and the growing trend of cloud-related services among businesses.  Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101999088 By offering, the services segment to grow with the highest CAGR during the forecast period The Cloud Data Security Market is segmented into solutions and services based on offerings. The services segment has the highest CAGR because of the high level of security that these services offer to businesses and governments. Organizations and governments are increasingly migrating from on-premises to the cloud due to its numerous benefits. However, they are utilizing cloud security services to mitigate the risks involved with adopting the cloud without losing focus on their core businesses. Additionally, these services also improve compliance with cloud environments. Thus, leading to growth in the services segment during the forecast period. By offering type, co-managed segment to hold a larger market size during the forecast period The Cloud Data Security Market is segmented into fully managed and co-managed based on the type of offerings. The co-managed security is made to deal with security flaws in networks, servers, data, applications, and other areas. Cloud computing, hybrid cloud architectures, computers, cell phones, and other devices are all covered by co-managed security. Additional benefits of co-managed security services include the ability for a group of trained engineers and security analysts to remotely manage an organization's vital data and tools from a 24x7x365 Security Operations Center (SOC). The SIEM platform may be hosted on-site or in the cloud using this service model, enabling client data to stay internal. Thus, co-managed security offering holds a larger market size during the forecast period. Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=101999088 By Region, Asia Pacific is to grow at the highest CAGR during the forecast period Countries such as China, CrowdStrike (US), Check Point (US), Palo Alto Networks (US), Zscaler (US), IBM (US), Imperva (US), Veritas (US), Digital Guardian (US), VMware (US), Thales (France), Sophos (UK), Polar (Israel), Netwrix (US), Informatica (US), Commvault (US), Orca Security (US), Radware (US), Rubrik (US), Veeam (US), Infrascale (US), Druva (US), Faction (US), Cohesity (US), Netskope (US), and Cloudian (US) are the key players and other players in the Cloud Data Security Market. Browse Adjacent Market: Information Security Market Research Reports & Consulting Related Reports Data Security as a Service Market - Global Forecast to 2027 Identity Verification Market - Global Forecast to 2027 Managed Security Services Market - Global Forecast to 2027 Digital Signature Market - Global Forecast to 2027 IDaaS Market - Global Forecast to 2027 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets 
|
View original content: