Cloud Security Market by Model Type (SaaS, IaaS, and PaaS), Type (Application Security, Network Security, Perimeter Security, Endpoint Security, and Others), Application (Threat Protection and Mitigation, Visibility and Risk Assessment, Activity Monitoring and Analytics, User and Data Governance, and Others), Industry Verticals (BFSI, IT & Telecom, Energy & Utilities, Retail, Healthcare, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America), Global Forecast, 2022 to 2032

With a predicted growth rate of 13.9%, the size of the global cloud security market was estimated at USD 46.71 billion in 2022 and is projected to reach USD 170.51 billion in 2032.

As internet and connected device penetration increases the cloud storage gateway is becoming more common, and large enterprises with insufficient security measures become very common targets for hackers. According to Cloud Security Alliance (CSA), the cloud is vulnerable to numerous threats. The major concerns for cloud security are data breaches, compromised credentials and broken authentication, hacked interfaces and APIs, exploited system vulnerabilities, malicious insiders, account hijacking, advanced persistent threats (APTs), permanent data loss, Inadequate diligence, cloud service abuses, denial of service attacks (DoS) and so forth.

The aim of the report is to estimate the size of the market for cloud security and the future growth potential of the market for cloud security across various segments, such as model type, type, application, and industry verticals.

The increase in cloud service adoption and growing investments across the IT sector, and the presence of existing industry players are the key factors driving demand for the cloud security market across North America. On the contrary, the Asia-Pacific region is expected to gather major market growth in upcoming years on the grounds of a growing focus on big data security and investments in advanced technologies by the respective governments in this region.

The base year considered for the analysis is 2019 and from 2020 to 2028 the market size is estimated. Factors such as the increasing adoption of the BYOD trend and the growing number of sophisticated cyberattacks are the key drivers of the cloud security market in the coming years. However, weak cloud collaboration among cloud security service providers and enterprises is hampering the market growth. Furthermore, a growing number of government initiatives to support smart infrastructure projects is anticipated to be opportunistic for the market in the forthcoming years.

Cloud Security Market Scope

Key Segments of the Global Cloud Security Market

Model Type Overview, (USD Billion)

• SaaS
• IaaS
• PaaS

Type Method, (USD Billion)

• Application Security
• Network Security
• Perimeter Security
• Endpoint Security
• Others

Application Method, (USD Billion)

• Threat Protection and Mitigation
• Visibility and Risk Assessment
• Activity Monitoring and Analytics
• User and Data Governance
• Others

Industry Vertical (USD Billion)

• Retail
• BFSI
• IT & Telecom
• Healthcare
• Energy & Utilities
• Others

Regional Overview, (USD Billion)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Middle East and Africa

• UAE
• South Africa
• Rest of Middle East and Africa

South America

• Brazil
• Rest of South America

Important Companies in the Global Cloud Security market

• AWS
• Broadcom
• Cisco
• Cloudflare
• FireEye
• Fortinet
• IBM
• Microsoft
• Sophos
• Trend Micro

Reasons for the study

• The purpose of the study is to give an exhaustive outlook of cloud security market benchmark yourself against the rest of the market.
• Ensure you remain competitive as innovations by existing key players to boost the market.

What does the report include?

• The study on cloud security market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the cloud security industry and their strategic initiatives for the product development
• The study covers a qualitative and quantitative analysis of the market segmented based on model type, type, application,  and industry vertical. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Who should buy this report?

• This study is suitable for industry participants and stakeholders in the global cloud security market. The report will benefit: Every stakeholder involved in the cloud security market.
• Managers within the cloud security industry looking to publish recent and forecasted statistics about cloud security market.
• Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global cloud security market.
• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.