Cloud Data Security Market Industry Outlook, Future Trends, Insights, Quality Analysis, and Sustainable Growth Strategies for the Period of 2023-2029

"The rising cases of cyber-attacks and growing popularity of cloud services among enterprises are promoting the adoption of cloud data security software and services."

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7049563

🌟 𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
🟩 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)
🟩 Cloudian (US)

The global cloud data security market size 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.

The market has promising growth potential due to several factors, including security-related breaches, expanding dangers of cyberattacks, and increased adoption of cloud services among businesses. However, the greatest level of complexity in the deployment and management of cloud data security solutions, as well as a lack of cooperation and mistrust between enterprises and cloud security services providers, are projected to impede market expansion.

By organization size, the SMEs segment is to grow at a higher CAGR during the forecast period

Based on the organization's size, the cloud data security market is divided into large enterprises and SMEs. The public, private, and hybrid cloud usage gives SMEs the freedom to do business from any location. This anticipates the popularity of cloud security solutions among SMEs. Additionally, the expansion of this market sector would also be fueled by SMEs' increased attention to adhering to different regulatory compliances and data protection legislation, such as EU data protection rules. Moreover, organizations such as Check Point unveiled brand-new technologies for SMEs to provide defense against "fifth generation" widespread attacks on various IT infrastructure systems, such as the cloud, virtual machines, networks, and endpoints. Thus, it can be concluded that SMEs are anticipated to grow at the highest CAGR during the forecast period.

By vertical, BFSI segment to account for largest market size during forecast period

Regulators for the financial services industry anticipate that financial institutions will keep a high level of security. Therefore, the BFSI sector's cloud security market is anticipated to expand as a result of these heightened security regulations and demand for a safe and compliant cloud. Additionally, the rise in data breaches and cloud-native threats is pushing banks and insurance firms to switch to cloud security solutions, which is anticipated to propel market expansion. The PCI DSS regulatory standards are constantly being pressed onto financial organizations encouraging the BFSI sector to use cloud security platforms to ensure compliance with internal stakeholders and external authorities through efficient vulnerability and configuration management. Furthermore, governments worldwide are making strong efforts to ensure the cloud platform's security among financial institutions. Thus, it can be concluded that the BFSI vertical accounts for the largest market size during the forecast period.

By offering type, fully managed segment to grow at higher CAGR during the forecast period

The offering type for the cloud data security market includes fully managed and co-managed security. A fully managed IT service proves to be the best choice for businesses having trouble finding and keeping IT workers and lacking access to highly skilled IT personnel internally. It not only saves the hassle of recruiting but also have access to the talent required whenever needed. Additionally, with fully managed security, businesses eliminate the need to manage an on-site data center, maintain their gear, or keep an eye out for any network problems. Furthermore, businesses can get complete assistance by using a fully managed IT solution. Thus, fully managed security offerings are anticipated to have the highest CAGR during the forecast period.

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=7049563

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The report segments the cloud data security market and forecasts its size by offering (solutions and services), organization size (large enterprises and SMEs), offering type (fully managed and co-managed), vertical (BFSI, retail and eCommerce, government and defense, healthcare and life sciences, IT and ITeS, telecom, and others),and region(North America, Europe, Middle East& Africa, Asia Pacific, and Latin America).

The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

This release was published on openPR.