Cloud Application Security Market Size Hit USD 23.07 Billion at a CAGR of 14.7% in 2026
The cloud application security market is expected to reach USD 23.07 Billion by 2026, according to a new report by Reports and Data. Organizations require to implement security solutions to sustain consistency in the security procedures across the hybrid data center. Organizations demand integration of application server and in-memory data grid abilities together via cloud application. Customers can create intelligent, connected, and customer-centric supply chains in the organizations with the help of cloud applications. Cloud application security solutions submits data security with real-time monitoring.
The analytics and reporting cloud application security suite includes cloud usage analytics, log management, and anomaly detection. With the rise in adoption of cloud applications, the need for analytics and reporting solution is expected to gain pace in the market.
The market in the APAC region is expected to witness the highest CAGR of 15.9% during the forecast period. Increasing the digitalization of businesses, new cloud services, and the rise of fin-tech companies have put Asia Pacific on a notable growth. Protection of the largest population of smartphone users is going to be a fundamental driving factor in this region’s growth going ahead.
The Key players in the Cloud Application Security Market include Cisco Systems, Inc.; Sophos Ltd.; CipherCloud; HyTrust, Inc.; Proofpoint; Netskope Cloud Support; Twistlock Ltd.; Symantec Corporation; Fortinet, Inc.; and Microsoft Corporation.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Cloud Application Security Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Cloud Application Security Market .
Further key findings from the report suggest
- The cloud application security market is estimated to reach USD 23.07 Billion by 2026, at a CAGR of 14.7% during the forecast period.
- The support services accounts for the largest share of 45.1% of the market in 2018.
- The analytics and reporting solution is anticipated to grow at the highest rate of 15.7% during the forecast period.
- The IT & Telecommunications application segment is anticipated to grow at the highest rate of 15.0% during the forecast period.
- The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 14.8% during the forecast period.
- North America region accounted for the largest share of 31.3% of the market in 2018. The increased production capacities of dominant companies in the region drives the growth. Technological progress in the manufacturing sector is among the crucial factors propelling the market demand.
- Various players are developing strategies to mark their presence in the industry.
- For example, Trend Micro launched Trend Micro Security 2015 in October 2014. The security solution is dedicated to Android, Windows, and iOS platforms to render security solutions for cyber threats, irrespective of the operating system of the device. The security solution would preserve personal information and data of users as well as sustain the privacy of users. The other top approaches in the cloud security industry include collaboration, followed by acquisitions and expansion.
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For the purpose of this study, Reports and Data have segmented the market on the basis of Solution, Services, Application, Organization size, and region:
Solution Outlook (Revenue, USD Million; 2016-2026)
- Data Protection
- Analytics and Reporting
- Threat Protection
- Cloud Application Discovery
Services Outlook (Revenue, USD Million; 2016-2026)
- Support Services
- Consulting Services
- Training and Education Services
Application Outlook (Revenue, USD Million; 2016-2026)
- Banking, Financial Services & Insurance (BFSI)
- IT & Telecommunications
- Media & Entertainment
- Healthcare & Life Sciences
Organization size Outlook (Revenue, USD Million; 2016-2026)
- Large Enterprises
- Small & Medium Enterprises (SMEs)
Regional Outlook (Revenue, USD Million; 2016-2026)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Advantages of Cloud Application Security Market:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Cloud Application Security industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Cloud Application Security Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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