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Multi-Cloud Security Market Size
- Report ID: GMI5436
- Published Date: Feb 2023
- Report Format: PDF
Multi-Cloud Security Market Size
Multi-Cloud Security Market size surpassed USD 5 billion in 2022 and is anticipated to witness 15% CAGR from 2023 to 2032.
Robust demand for multi-cloud security from OTT services like Amazon Prime, Netflix, and HBO is expected to drive the industry growth. During the COVID-19 pandemic, OTT platforms observed a significant rise in number of subscription rates. As per a report, global streaming company Netflix recorded a 30% increase in engagement or watch time and a 25% rise in revenues in India. OTT streaming companies are seeking to improve the security of their platforms as they offer unique and distinctive content to the public. The expansion of the OTT streaming platforms will influence the market development.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Multi-Cloud Security Market Size in 2022: | USD 2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 25 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 329 |
| Segments covered: | Offering, Security Type, Organization Size, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The increasing number of cyber-attacks and cybersecurity issues is influencing the adoption of multi-cloud security solutions. It becomes increasingly difficult in multi-cloud environments for user access control management. Furthermore, using multi-cloud security that is managed by a third party increases the security cost. High expenditure over configuring security systems in order to access and secure more than one cloud customer would hamper the multi-cloud security market outlook.
Frequently Asked Questions (FAQ) :
Multi-Cloud Security Market Scope
