How large is the multi-cloud security market, and what is its growth trajectory?
The multi-cloud security market size has grown exponentially in recent years. It will grow from $7.04 billion in 2024 to $8.56 billion in 2025 at a compound annual growth rate (CAGR) of 21.5%. The growth in the historic period can be attributed to increasing adoption of cloud services, rising cybersecurity threats, regulatory compliance requirements, complexity of multi-cloud environments, incident response and recovery needs.
The multi-cloud security market size is expected to see exponential growth in the next few years. It will grow to $18.45 billion in 2029 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to growing sophistication of cyber threats, expansion of hybrid and multi-cloud architectures, emergence of edge computing and focus on zero trust security frameworks. Major trends in the forecast period include convergence of security services across multiple cloud environments, rise in demand for cloud-native security solutions, increasing adoption of artificial intelligence and machine learning for threat detection and response and emergence of unified cloud security platforms.
Get Your Free Sample of The Global Multi-Cloud Security Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15223&type=smp
What key drivers have fueled the multi-cloud security market’s development over the years?
The rising data breach concerns are expected to propel the growth of the multi-cloud security market going forward. Data breach refers to an unauthorized access, disclosure, or acquisition of sensitive or confidential information. The rising concerns about data breaches are due to increasing cyber-attack sophistication, the proliferation of data, regulatory requirements, reputational damage, and financial loss. Multi-cloud security is utilized to mitigate data breaches by implementing robust security measures across multiple cloud environments to reduce the risk of unauthorized access and protect sensitive data from exploitation. For instance, according to the Identity Theft Resource Center, a US-based non-profit organization that provides identity crime victim assistance and education, in 2023, the number of data compromises reached a record 3,205, marking a significant increase of 78 percentage points from 2022’s total of 1,801, and surpassing the previous all-time high of 1,860 in 2021 by 72 percentage points. Therefore, the rising data breach concerns are driving the growth of the multi-cloud security market.
What is the segmentation for the multi-cloud security market?
The multi-cloud security market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Deployment Mode: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End User: Banking, Financial Services, And Insurance (BFSI), Healthcare, Information Technology And Telecommunication, Retail And E-Commerce, Government, Other End-Users
Subsegments:
1) By Solutions: Cloud Security Posture Management (CSPM), Cloud Workload Protection (CWP), Identity and Access Management (IAM), Cloud Encryption Solutions, Cloud Firewalls
2) By Services: Professional Services, Managed Services
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/multi-cloud-security-global-market-report
Who are the most influential companies in the multi-cloud security market?
Major companies operating in the multi-cloud security market report are Amazon.com Inc.; Alphabet Inc.; Microsoft Corporation; Huawei Technologies Co. Ltd.; Intel Corporation; International Business Machines Corporation (IBM); Cisco Systems Inc.; Broadcom Inc.; VMware Inc.; Palo Alto Networks Inc.; Juniper Networks Inc.; Fortinet Inc.; Akamai Technologies Inc.; F5 Networks Inc.; Splunk Inc.; Check Point Software Technologies Ltd.; Trend Micro Inc.; CrowdStrike Holdings Inc.; Zscaler Inc.; Sangfor Technologies Inc.; Cloudflare Inc.; Rapid7 Inc.; Barracuda Networks Inc.; Fortanix; Pulse Secure LLC
What are the top industry trends projected to impact the multi-cloud security market?
Major companies operating in the multi-cloud security market are focusing on developing cloud detection and response platforms such as the synthesis CDR platform, to gain a competitive edge in the market. Synthesis CDR platform is a cybersecurity approach designed to identify and respond to threats within cloud environments. For instance, in January 2023, Skyhawk Security, an Israel-based security and technology company, launched the synthesis CDR platform to address alert fatigue and provide cloud detection and response (CDR) across multi-cloud environments. The platform focuses on identifying real-time threats by analyzing correlated sequences of runtime events, thereby improving cloud security posture and reducing the overwhelming volume of false positive alerts typically encountered by cloud security teams. The platform operates on a freemium model, providing a basic version free of charge. Additional features such as cloud infrastructure entitlement management (CIEM), identity threat detection and response (ITDR), and advanced cloud security posture management (CSPM), are available for purchase.
What are the major regional insights for the multi-cloud security market, and which region holds the top position?
North America was the largest region in the multi-cloud security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Multi-Cloud Security Market Report 2025 Offer?
The multi-cloud security market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Multi-cloud security refers to the strategies, practices, and technologies employed to protect data, applications, and infrastructure across multiple cloud computing environments. It aims to address the unique challenges and risks associated with managing and securing assets distributed across diverse cloud environments.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15223
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
