Cloud Security Market To Expand At 14.6% CAGR By 2027, Owing To Rising Number Of Cyber-Attacks & Increasing Investment In Cloud Infrastructure Globally | Million Insights

Cloud Security Market To Expand At 14.6% CAGR By 2027, Owing To Rising Number Of Cyber-Attacks & Increasing Investment In Cloud Infrastructure Globally | Million Insights

PR Newswire

FELTON, Calif., Nov. 17, 2020

FELTON, Calif., Nov. 17, 2020 /PRNewswire/ -- The global cloud security market is projected to account for USD 20.9 billion by 2027, according to a new report by Million Insights and is expected to grow with 14.6% CAGR over the forecast period, from 2020 to 2027. Growing investment in cloud infrastructure and an increasing number of cyber-attacks are expected to drive the market growth.

The cloud infrastructure is gaining popularity due to several benefits such as scalability, flexibility, cost-effectiveness, and on-demand services. Additionally, the emergence of hybrid cloud to a tussle between private and public cloud has given several frameworks and platforms to cloud users to choose from. The adoption of cloud has been gaining traction in recent years, thereby security concerns among cloud users have been increased.

The demand for cloud security is expected to increase during the forecast period due to the rising number of cyber-attacks, and data breaches. In addition, industry players are also playing an important role in implementing compliance laws and regulations according to industry-wide standards. Increasing policy implementation and demand for security services are expected to drive the cloud security market growth in the next few years.

Please click here to get the sample pdf and find more details on "Cloud Security Market" Report 2027.

Moreover, diverse threat vectors and versatility of data lead to security-as-a-service offerings. Sharing responsibility between cloud end users and cloud service providers for data security is expected to witness a significant impact on market growth. Further, technologies like convergence and virtualization coupled with initiatives like computer emergency readiness teams (CERTs) is expected to support for implementing security at a high level for cloud infrastructure.

Growing sophistication in hacking techniques, as well as technological advancements in cyberespionage, are unleashing new attacks like advanced persistent threats (APTs), ransomware, zero-day threats, malicious insider, distributed denial of service (DDoS). As a result, industry players are focusing on partnerships and collaborations to tackle such cyber-attacks.

Further key findings from the report suggest:

Browse 138 page research report with TOC on "Global Cloud Security Market" at: https://www.millioninsights.com/industry-reports/global-cloud-security-market

Million Insights has segmented the global cloud security market on the basis of application, company size, solution, deployment, and region:

Explore the Latest Market Research Reports by Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter

Voltar noticias em Inglês