The cloud workload protection market size is expected to see exponential growth in the next few years. It will grow to $16.84 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to increased cloud adoption, rise of hybrid and muti-cloud deployments, focus on zero trust security, rapid growth of containers and serverless computing, advancements in threat intelligence and analytics. Major trends in the forecast period include zero trust architecture adoption, convergence of cloud security solutions, focus on threat and response, shift to cloud native security, automation and orchestration.
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Scope Of Cloud Workload Protection Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Workload Protection Market Overview
Market Drivers –
Rising cybersecurity threats are expected to propel the growth of the cloud workload protection market going forward. Cybersecurity threats refer to malicious activities or events potentially harming digital systems, networks, data, or individuals. This threat arises due to widespread digital technology adoption, the proliferation of IoT devices, and a lack of cybersecurity awareness. Cloud workload protection is used to mitigate cybersecurity threats by providing organizations with the necessary tools and capabilities to maintain a secure and resilient cloud environment, strengthen the security posture, and reduce the risks associated with cloud computing. For instance, in January 2023, according to Check Point Software Technologies Ltd., an Israel-based software company, global cyberattacks soared by 38% in 2022 compared to 2021, with the USA and UK experiencing increases of 57% and 77%, respectively. Therefore, rising cybersecurity threats are driving the growth of the cloud workload protection market.
Market Trends –
Major companies operating in the cloud workload protection market are concentrating on developing innovative protection methods such as CloudGuard workload protection to address the evolving nature of cloud environments and the constant changes in applications. This protection technology is a fully automated workload security solution that provides unified visibility, compliance, and threat prevention across applications. For instance, in June 2021, Check Point Software Technologies, an Israel-based software company, launched an automated, unified cloud workload protection solution called CloudGuard Workload Protection. This solution provides comprehensive, cloud-native workload security, offering unified visibility and threat prevention across APIs and microservices, from development through runtime. It also included shift-left security, image assurance, and automated serverless security. It seamlessly integrates into the ever-expanding use of cloud services, allowing for the accessible and continuous defense of applications.
The cloud workload protection market covered in this report is segmented –
1) By Type: Training, Consulting And Integration, Support And Maintenance, Managed Services
2) By Component: Compliance Management, Vulnerability Assessment, Runtime Security, Threat Detection And Response, Monitoring , Other Components
3) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
4) By End-User: Banking, Financial Services And Insurance (BFSI), Information Technology And Telecom, Government, Health Care, Manufacturing, Energy And Utilities, Retail, Others End Users
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Regional Insights –
North America was the largest region in the cloud workload protection market in 2023. The regions covered in the cloud workload protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cloud workload protection market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation (IBM), Broadcom Inc., VMware Inc., Palo Alto Networks Inc., Fortinet Inc., Akamai Technologies Inc., Check Point Software Technologies Ltd., McAfee LLC, Trend Micro Incorporated, CrowdStrike Holdings Inc., Zscaler Inc., Sophos Group plc, FireEye Inc., Rapid7 Inc., CyberArk Software Ltd., Qualys Inc., SentinelOne Inc., Carbon Black Inc., Aqua security softeware ltd , Armor Defense Inc., Netskope Inc., Guardicore Ltd.
Table of Contents
1. Executive Summary
2. Cloud Workload Protection Market Report Structure
3. Cloud Workload Protection Market Trends And Strategies
4. Cloud Workload Protection Market – Macro Economic Scenario
5. Cloud Workload Protection Market Size And Growth
…..
27. Cloud Workload Protection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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