Global Cloud Security Market (2021 to 2026) - by Application, Security Type, Service Model, Deployment, Organization Size, Industry Vertical and Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Cloud Security Market (2021-2026) by Application, Security Type, Service Model, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Cloud Security Market is estimated to be USD 34.8 Bn in 2021 and is expected to reach USD 67.6 Bn by 2026, growing at a CAGR of 14.2%.

Key factor such as increasing demand for cloud-based services with a higher number of cloud-based deployment models in industry verticals has been a major driver for the cloud security market. Alongside, the rising number of cyberattacks due to increasing digitalization has aided the growth of the market for cloud security to prevent future data breaches and data thefts. The trends such as Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) are likely to support the growth of the market further.

Conversely, factors such as weak collaboration between the enterprises and the cloud security providers, a low skilled taskforce, and stringent Government regulations are likely to further restrain the market growth.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Cloud Security Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Growing Reliance on Cloud-Based Services
• Growing Sophistication of Cybercrimes and New Cyberattacks
• Upsurge In The Use Of Handheld Devices (BYOD & CYOD)

Restraints

• Weak Collaboration Among Enterprises and Cloud Security Service Providers
• The dearth of Skilled Expertise
• Stringent Government Regulations

Opportunities

• Increasing Government Initiatives to Support Smart Infrastructure Projects
• Growing Market for Managed Security Services

Challenges

• Lack of Awareness Among Enterprises and Consumers due to The Complexities Of Cloud Computing Models
• Lack of Trust in Cloud Service Providers

Companies Mentioned

• Accenture
• McAfee, LLC (TPG)
• IBM Corporation
• Amazon Web Services, Inc.
• Zscaler, Inc.
• Fortinet, Inc.
• Cisco Systems, Inc
• BMC Software, Inc.
• Google
• Broadcom Technologies
• CloudPassage, Inc.
• Intel Corp.
• Microsoft
• Netskope, Inc.
• Mc Afee
• Thoma Bravo
• Trend Micro, Inc.
• VMware
• NTT
• WatchGuard Technologies
• RSA
• CSC
• Fransisco Partners
• Palo Alto Networks
• Ciphercloud
• Cloudflare

For more information about this report visit https://www.researchandmarkets.com/r/4b4w9h