USD 6.75 billion
Cloud Application Security Market Size, Share, Growth Analysis, By Security Component(Data Encryption, Identity and Access Management (IAM), Security Information and Event Management (SIEM), Threat Detection and Prevention), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size(Small and Medium-sized Enterprises (SMEs), and Large Enterprises), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2108 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
90
|Figures:
76
Cloud Application Security Market Insights
Global Cloud Application Security Market size was valued at USD 6.75 billion in 2022 and is poised to grow from USD 7.72 billion in 2023 to USD 18.4 billion by 2031, growing at a CAGR of 15.52% in the forecast period (2024-2031).
The global cloud application security market is witnessing robust growth pushed by means of growing adoption of cloud-based packages throughout diverse industries. With businesses transitioning to cloud infrastructure, the call for robust security features has surged. Key drivers encompass a rising range of cyber threats, data breaches, and stringent regulatory necessities. Cloud utility protection solutions encompass records encryption, identification and access management, and chance detection, presenting comprehensive protection. However, demanding situations together with the complexity of multi-cloud environments and the need for professional cybersecurity professionals pose restraints. North America is a distinguished marketplace because of technological improvements, at the same time as Asia-Pacific showcases massive increase capacity. Emerging tendencies encompass the integration of artificial intelligence and machine studying for superior danger detection and non-stop innovation in protection protocols.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Identity and Access Management (IAM)
Fastest Growth
Threat Detection and Prevention
Growth Rate
15.52% CAGR
Global Cloud Application Security Market ($ Bn)
Country Share for North America Region (%)
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Cloud Application Security Market Segmental Analysis
The global Cloud Application Security market is segmented into four major segments i.e. by Security Component, Deployment Model, Organization Size, and region. Based on Security Component, it is divided into Data Encryption, Identity and Access Management (IAM), Security Information and Event Management (SIEM), Threat Detection and Prevention. Based on Deployment Model, it is bifurcated as Public Cloud, Private Cloud, Hybrid Cloud. Based on Organization Size it is segregated into, Small and Medium-sized Enterprises (SMEs), Large Enterprises. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Security Component
IAM is likely to dominate the market because of its foundational function in securing get admission to cloud applications. As corporations increasingly adopt cloud offerings, the need for sturdy authentication, authorization, and governance becomes paramount. IAM guarantees that best legal individuals have access to touchy statistics and programs, making it a essential thing for universal cloud security.
With the evolving sophistication of cyber threats, the demand for threat detection and prevention is predicted to develop unexpectedly. As businesses migrate touchy statistics and crucial packages to the cloud, there may be a heightened cognizance on real-time tracking and reaction to capacity safety incidents. Threat detection and prevention technology, which includes AI and machine learning, are likely to experience great boom as they provide proactive defence against emerging cyber threats.
Analysis by Application
Email stays a primary communique tool for agencies, making it a critical target for cyber threats. As e-mail threats, which include phishing and ransomware, continue to evolve, companies prioritize strong electronic mail security solutions to safeguard sensitive information and make sure commercial enterprise continuity. The important role of electronic mail in enterprise communications positions e-mail protection as a dominant phase.
Customer Relationship Management (CRM) structures preserve touchy patron information, and with the growing adoption of cloud-based totally CRM systems, securing those packages becomes vital. As organizations digitize client interactions, the call for specialized security features round cloud-primarily based CRM packages is likely to grow unexpectedly. Protecting client records and ensuring the integrity of CRM systems align with the broader trend of enhancing patron privateness and compliance.
Global Cloud Application Security Market By Security Component
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Cloud Application Security Market Regional Insights
North America is likely to dominate the market due to its early and good-sized adoption of cloud technologies, such as cloud-primarily based programs. The presence of foremost technology hubs, a high degree of attention concerning cybersecurity, and stringent regulatory frameworks that emphasize statistics safety make contributions to North America's dominance inside the cloud utility safety marketplace.
Asia-Pacific is expected to enjoy the fastest increase within the cloud application safety marketplace. Factors inclusive of speedy digital transformation, growing cloud adoption, and a burgeoning range of agencies embracing cloud-based totally programs contribute to the region's revenue generation. Additionally, the developing cognizance of cybersecurity risks and the implementation of regulatory measures in international locations like China, India, and Australia in addition power the demand for sturdy cloud application security answers.
Global Cloud Application Security Market By Region
- Largest
- Fastest
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Cloud Application Security Market Dynamics
Drivers
Increasing Adoption of Cloud Computing
- The sizeable adoption of cloud computing and the migration of crucial business applications to the cloud pressure the call for for strong security measures. Organizations, recognizing the power and scalability benefits of cloud services, are making an investment in superior security answers to protect sensitive information and make certain regulatory compliance. The escalating frequency and class of cyber threats, together with facts breaches and ransomware attacks, serve as catalysts for the market's boom, compelling businesses to beef up their cloud applications in opposition to evolving dangers.
Rising Emergence of Cloud Computing
- Widespread adoption of cloud computing across industries is a key driver for the emergence of the cloud security market. As organizations migrate their data and applications to cloud environments to benefit from scalability, flexibility and cost efficiencies, the need to create sensitive information stored in the cloud is at its peak most importantly this is driving the demand for cloud security solutions that can protect data, applications and infrastructure from it cyber threats and unauthorized access.
Restraints
High Inherent Complexities Associated with Securing Diverse Cloud Environments
- One of the primary market restraints that is the inherent complexities related to securing numerous cloud environments. The proliferation of multi-cloud and hybrid cloud architectures introduces challenges in implementing steady and unified security measures across special systems. Additionally, issues concerning the privateness and protection of touchy facts persist, probably hindering organizations' willingness to completely embody cloud-primarily based programs.
Complex Multi-Cloud Environments
- One of the most important limitations in the cloud security market is the complexity posed by multi-cloud environments Many organizations adopt a multi-cloud strategy, using multiple cloud service providers for different businesses or applications. Managing security in these disparate environments can be challenging, causing issues such as gaps in visibility, inconsistencies in security policies, increased risk of configuration malfunctions or vulnerabilities, etc. As a result, organizations may face challenges in effectively securing their multicloud deployments, hindering cloud application security market growth.
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Cloud Application Security Market Competitive Landscape
The competitive environment of the Cloud Application Security marketplace is dynamic and is characterised with the aid of a dynamic and competitive panorama, reflecting the increasing significance of securing cloud-based programs. Key players inside the market include mounted cybersecurity solution providers and rising entrants, every vying for marketplace proportion via innovation and strategic tasks. Additionally, cloud service vendors like Microsoft, AWS, and Google Cloud are increasing their protection offerings to address the growing demand for included cloud safety answers.
Top Player’s Company Profiles
- Palo Alto Networks
- Symantec Corporation
- McAfee
- Cisco Systems
- Check Point Software Technologies
- Fortinet
- Trend Micro
- Microsoft Corporation
- IBM Corporation
- Proofpoint
- Forcepoint
- Sophos
- Barracuda Networks
- Akamai Technologies
- Imperva
- Qualys
- Cloudflare
- Zscaler
- Rapid7
- Netskope
Recent Developments
- November 2023: Cloud monitoring and protection organization Datadog, Inc. Released its record titled "The State of Cloud Security 2023" today. The report analyzes protection posture records from thousands of businesses the use of foremost cloud systems like AWS, Azure, and Google Cloud. It focuses on information how groups cope with and mitigate common dangers associated with documented public cloud safety incidents.
- In December 2021, AWS launched AWS Cloud WAN, a new service that provides a centralized, clickable dashboard for enterprises to connect to their on-premises branch offices, data centers, and Amazon virtual private clouds (Amazon VPCs) . ho connect to the AWS global network.
- In December 2021, verizon google and reservoirs 5g Edge and Google Distributed Cloud Cloud Cloud plans to take it, with autonomous billerobot, intelligent Factory automation for bandwidth and low latency required to support real time enterprise applications like logistics.
Cloud Application Security Key Market Trends
- Rising Adoption Of Artificial Intelligence (Ai) And Machine Learning (Ml) In Cloud Security Solutions: The developing adoption of Artificial Intelligence (AI) and Machine Learning (ML) in cloud safety solutions. These technologies allow advanced danger detection and predictive analysis, improving the ability to pick out and reply to emerging cyber threats in real-time. Another trend involves the integration of security features at once into the DevOps (Development and Operations) methods, emphasizing the significance of a "DevSecOps" approach. This integration ensures that protection is an necessary part of the software program development lifecycle, promoting proactive protection practices.
Cloud Application Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest Analysis on the Global Cloud Application Security market, well-known depicts a dynamic marketplace with some of standout traits and difficulties. The market is propelled by the growing adoption of cloud offerings and the surge in cyber threats worldwide. Cloud utility protection solutions encompass records encryption, identification and access management, and chance detection, presenting comprehensive protection. Region wise, North America held dominance with Asia Pacific in close competition. Factors supporting the growth of these regions include rise in cyber security issues and the imposition of stringent laws and use of latest technology in cloud computing. Competitors of the global cloud application security market are engaging in product development and innovation to ensure they stay ahead of the rising competition. The advent of new entrants is anticipated to intensify the market competition in the foreseeable future. The increase in investment on superior security answers to protect sensitive information and make certain regulatory compliance are further projected to help create new growth opportunities for this market in the near future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.75 billion |
| Market size value in 2031 | USD 18.4 billion |
| Growth Rate | 15.52% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cloud Application Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cloud Application Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cloud Application Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Application Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Application Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cloud Application Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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