PRESS RELEASE
Published April 18, 2023
Cloud Security Software Market – Growth, Trends, And Forecast (2020 – 2025)
Cloud Security Software market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The cloud security software market was valued at USD 29.5 billion, in 2019, and is expected to reach a market value of USD 37.37 billion, by 2025, registering a CAGR of 4.98%, during the forecast period, 2020-2025.
The Cloud Security Software market is highly competitive and consists of a number of major players: TrendMicro, Inc, RSA Security LLC, Broadcom Inc. (CA Technologies), McAfee, Inc, IBM Corporation, CipherCloud, Inc, Thales Group (Gemalto NV), VMware Inc., Microsoft Corporation, Dell Corporation, Hewlett Packard Enterprise, Cisco Systems, Inc, Panda Security, S.L, Forcepoint LLC, Check Point Software Technologies, Ltd, Trustwave Holdings, Intel Security Group, Porticor Ltd, Fortinet, Inc, NetLib Security, Inc. and Others
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Scope of the Report
The cloud industry has experienced rapid growth in its adoption in the last decade from technology-based companies. This trend is also followed by other industries like BFSI and Healthcare, due to their realization of the advantages offered by the cloud systems. This is creating an environment where cloud services are acting as the backbone of many business operations.
Key Market Trends
Intrusion Detection and Prevention to Register Significant Growth
– An Intrusion Detection and Prevention Software (IDPS) monitors network traffic for signs of a possible attack. When it detects potentially dangerous activity, it takes action to stop the attack. Often this takes the form of dropping malicious packets, blocking network traffic or resetting connections. The IDPS also usually sends an alert to security administrators about the potential malicious activity.
– The two main contributors to the successful deployment and operation of an IDS or IPS are the deployed signatures and the network traffic that flows through it.
– According to Insider Threat 2018 report, most insider exploits are detected through IDPS. This indicates the popularity of IDPS and why majority of the vendors are offering this service.
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Asia-Pacific to Witness the Highest Growth
– In Asia-pacific, great strides are being made in digital economy. But it is also causing more threat-related opportunities. According to Cisco, companies receive 6 threats every minute in APAC and 51% of all cyber attacks resulted in a loss of more than USD$1 million
– In addition to financial losses, cybersecurity incidents are also undermining Asia Pacific organizations ability to gain confidence with their consumers and other stakeholders.
– Major companies are setting their footprint in APAC, for instance, Google expanded the number of Google Cloud Platform regions in APAC from three to six in 2018.
– To retain the data authenticity generated by any industry (for instance, customer shopping data for personalization in retail), move towards cloud and hence its security is of utmost importance.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Cloud Security Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2025 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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