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Cloud Workload Protection Market Trends

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

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Cloud Workload Protection Market Trends

Machine learning and AI integration could emerge as a prominent trend driving the adoption of cloud workload protection solutions and services. Cloud workload protection solutions are increasingly incorporating machine learning and artificial intelligence to detect and respond to security threats proactively. For instance, in June 2023, Cisco, a prominent player in enterprise networking and security, is actively fulfilling its commitment to introduce the AI-powered Cisco Security Cloud.

This innovative solution aims to streamline cybersecurity and enable individuals to perform their tasks effectively, no matter where they are, even in the face of progressively complex cybersecurity threats. Cisco is channeling investments into state-of-the-art advancements in artificial intelligence and machine learning, which will empower security teams by streamlining their tasks and enhancing their effectiveness. These technologies can analyze vast amounts of data in real time to identify patterns and anomalies, improving threat detection and reducing false positives, further propelling product adoption rate.

Increased cloud adoption is another key factor that may shape the cloud workload protection market outlook over 2023-2032. The widespread adoption of cloud computing services has led to a significant expansion of cloud workloads. As organizations migrate their data and applications to the cloud, the need for robust security solutions to protect these workloads from threats like malware, data breaches, and other cyberattacks has grown.

As per the "Future of Cloud and Its Economic Impact: Opportunity for India" report by NASSCOM, the rapid adoption of cloud technology could contribute an estimated value of $310-380 billion to India's GDP by 2026. Additionally, this adoption is anticipated to create approximately 14 million job opportunities, encompassing both direct and indirect roles. The realization of these prospects is contingent not only on the technology sector's growth rate but also on the ability of non-technology sectors to harness technology effectively to enhance their overall performance and influence. This technological transformation has driven the demand for cloud workload protection solutions, carving a healthy market growth trajectory.

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.