Cloud Security In Energy Global Market 2024 – By Size, Share, Trends, Demand, Forecast To 2033 | Amazon.com Inc., Alphabet Inc., Microsoft Corporation

The Cloud Security In Energy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cloud Security In Energy Global Market Report 2024, The cloud security in energy market size is expected to see rapid growth in the next few years. It will grow to $2.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.  The growth in the forecast period can be attributed to increasing adoption of cloud computing, rising cybersecurity threats, globalization of energy operations, regulatory compliance requirements, data sensitivity and confidentiality. Major trends in the forecast period include advanced persistent threats (APTs), adoption of edge computing, focus on zero trust security models, continued regulatory emphasis on security, rapid technological advancements.

The rapid adoption of IoT devices is expected to propel the growth of cloud security in the energy market going forward. The Internet of Things (IoT) refers to non-traditional computing hardware, including machines, appliances, actuators, sensors, and wirelessly connected machines that are capable of transmitting data over a network. IoT devices enable the continuous monitoring of widely distributed operations, providing real-time data for energy to optimize their processes and improve efficiency. For instance, in August 2022, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion in 2025. Therefore, the rapid adoption of IoT devices is driving the growth of cloud security in energy.

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The cloud security in energy market covered in this report is segmented –
1) By Service: Infrastructure as a service (IaaS), Platform as a service (PaaS), Software as a service (SaaS)
2) By Solution Type : Identity and Access Management, Data Loss Prevention, IDS/IPS, Security Information and Event Management, Encryption
3) By Infrastructure: Servers, Storage, Networking equipment
4) By Platforms: Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP)

Major companies operating in the cloud security in the energy market are focused on strategic partnerships to increase their profitability in the market. A strategic partnership is a collaborative agreement between two or more organizations to achieve mutually beneficial goals. For instance, in October 2023, Tenable Inc., a US-based cyber security company, partnered with Siemens Energy AG, a US-based energy company, to strengthen the security of operational technology (OT) settings in the energy industry. Through the partnership, Siemens Energy’s Omnivise T3000 cybersecurity is expected to be strengthened, making easier industry standard compliance possible. Siemens Energy has leveraged Tenable OT Security for asset discovery and vulnerability management, and now, building on years of collaboration, the company will integrate Tenable OT Security as a network intrusion detection system (NIDS) into their Omnivise T3000 control system.

The cloud security in energy market report table of contents includes:
1. Executive Summary
2. Cloud Security In Energy Market Characteristics
3. Cloud Security In Energy Market Trends And Strategies
4. Cloud Security In Energy Market – Macro Economic Scenario
5. Global Cloud Security In Energy Market Size and Growth
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31. Cloud Security In Energy Market Other Major And Innovative Companies
32. Global Cloud Security In Energy Market Competitive Benchmarking
33. Global Cloud Security In Energy Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Security In Energy Market
35. Cloud Security In Energy Market Future Outlook and Potential Analysis

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