What are the latest figures on the cloud data security market’s size and projected CAGR?
The cloud data security market size has grown rapidly in recent years. It will grow from $6.02 billion in 2024 to $6.73 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to data breaches, regulatory compliance, increased cloud adoption, security incidents, digital transformation initiatives.
The cloud data security market size is expected to see rapid growth in the next few years. It will grow to $10.42 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to IoT expansion, edge computing, ai and machine learning adoption, hybrid and multi-cloud environments, remote workforce trends. Major trends in the forecast period include increased emphasis on zero trust architecture, rise of cloud-native security solutions, integration of security orchestration and automation, enhanced threat intelligence sharing, heightened regulatory scrutiny.
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Which Market drivers have played a significant role in driving the cloud data security market?
The rise in cyber data thefts is expected to propel the growth of the cloud data security market going forward. Cyber data theft refers to unauthorized access from digital sources, including personal data such as names, addresses, social security numbers, and financial information. The rise in cyber data theft is due to increased connectivity, proliferation of data, monetary incentives, and globalization. Cloud data security is vital in mitigating cyber data thefts by implementing various measures to protect sensitive information stored in cloud environments and adopting a holistic approach to security, combining technology, processes, and user awareness to effectively protect sensitive data in the cloud. For instance, in November 2023, according to the Department of Defence Australia, an Australia-based government department, during the financial year 2022-2023, the Australian Cyber Security Centre received over 94,000 reports of cybercrime, marking a 23 percent increase from the previous year, 2021-22. Therefore, the rise in cyber data theft is driving the growth of the cloud data security market.
What are the key segments within the cloud data security market?
The cloud data security market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
3) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunications, Healthcare, Retail And E-Commerce, Government, Other Industry Verticals
Subsegments:
1) By Solutions: Cloud Access Security Brokers (CASBs), Data Loss Prevention (DLP) Solutions, Encryption Solutions, Identity And Access Management (IAM), Security Information And Event Management (SIEM), Cloud Security Posture Management (CSPM)
2) By Services: Consulting Services, Managed Security Services, Integration Services, Support And Maintenance Services
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Which key players are shaping the cloud data security market?
Major companies operating in the cloud data 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.; FireEye Inc.; Trend Micro Inc.; CrowdStrike Holdings Inc.; Zscaler Inc.; Sangfor Technologies Inc.; Cloudflare Inc.; Rapid7 Inc.; Barracuda Networks Inc.; Pulse Secure LLC
Which transformative trends will shape the cloud data security market landscape?
Major companies operating in the cloud data security market are developing advance data security solution to secure data frequency and sophistication. Advance data security solutions are comprehensive data security platforms that delivers complete cyber resilience with both cyber posture and recovery. For instance, in May 2022, Rubrik Inc., a US-based company, launched Rubrik Security Cloud. This new platform is designed to secure data, monitor data risks, and quickly recover data wherever it lives through a modern, zero-trust architecture powered by machine learning. Additionally, it features automated discovery and global policy-driven workflows, zero-trust security, multi-factor authentication, threat containment, and a data observation engine.
How do regional factors impact the cloud data security market, and which region is the largest contributor?
North America was the largest region in the cloud based language learning market in 2024. The regions covered in the cloud data security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Cloud Data Security Market Report 2025 Offer?
The cloud data security market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cloud data security refers to the practices, technologies, and policies that protect data stored, processed, and transmitted in cloud computing environments. It encompasses various measures to safeguard data confidentiality, integrity, and availability, mitigating the risks associated with unauthorized access.
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