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Cloud Workload Protection Market Analysis

  • Report ID: GMI7317
  • Published Date: Nov 2023
  • Report Format: PDF

Cloud Workload Protection Market Analysis

 Cloud Workload Protection Market, By Component, 2021 – 2032, (USD Billion)

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Based on component, the solution segment held over USD 3.5 billion revenue in 2022. Cloud workload protection solutions, such as Monitoring and Logging, Vulnerability Assessment, Policy and Compliance Management, Threat Detection, and Incident Response, are in high demand due to the escalating cloud adoption and evolving cybersecurity landscape. Organizations are increasingly reliant on cloud infrastructure, making it imperative to monitor and manage policies, maintain compliance, and safeguard against vulnerabilities and threats. The need for proactive security measures and rapid incident response has surged, driven by the constant threat of data breaches, cyberattacks, and regulatory compliance requirements, fueling the demand for these essential cloud security tools.
 

Cloud Workload Protection Market Share, By Enterprise Size, 2022

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Based on enterprise size, the cloud workload protection market size from large enterprise segment dominated around USD 3.7 billion in 2022. The exponential growth of cloud workloads necessitates robust security to safeguard sensitive data. The increasing sophistication of cyber threats and the need for proactive security measures make such solutions indispensable. Third, regulatory compliance requirements demand advanced protection. Lastly, the agility and scalability offered by cloud security solutions align with the dynamic nature of large enterprises, making them essential for a comprehensive cybersecurity strategy.
 

 U.S. Cloud Workload Protection Market Size, 2021 -2032, (USD Billion)

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North America cloud workload protection market accounted for 33% of revenue share in 2022. The country boasts a robust and rapidly expanding cloud computing ecosystem, with major players like Amazon Web Services, Microsoft Azure, and Google Cloud. The heightened awareness of cybersecurity threats, exemplified by high-profile incidents like the SolarWinds breach, has underscored the need for advanced protection measures. Additionally, government regulations, such as the Federal Risk and Authorization Management Program (FedRAMP), are driving the adoption of cloud workload protection solutions, creating a fertile ground for industry growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud workload protection reached USD 5.1 billion in 2022 and is set to expand at 24.5% CAGR from 2023 to 2032, due to the rising incidences of cybersecurity threats and the increasing reliance on cloud, cyber threat protections worldwide.

The solutions segment registered over USD 3.5 billion in 2022, attributed to the escalating cloud adoption and evolving cybersecurity landscape.

North America held over 33% of the market share in 2022, owing to the presence of robust and rapidly expanding cloud computing ecosystem in the region.

Sonrai Security, Orca Security, Fortinet, Inc., Amazon Web Services, Inc. (Dominates), Cisco Systems, Inc., Musarubra US LLC, Microsoft (Dominates), Trend Micro Incorporated, VMware, Inc., and Sophos Ltd. are some of the major cloud workload protection companies worldwide.

Cloud Workload Protection Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 350
  • Countries covered: 20
  • Pages: 230
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