“Factors, such as the increasing adoption of multi-cloud strategy among enterprises, and centralized policy enforcement, are expected to drive the cloud workload protection market growth.”
The cloud workload protection market size is expected to grow from USD 2.25 billion in 2018 to USD 6.70 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. Some of the key drivers for the market growth are the dire need to fortify enterprise workloads against unauthorized strikes and benefits achieved through seamless scalability. However, limited technical expertise to handle complex and distributed cloud workloads may hinder the market growth.
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“The policy and compliance management segment is expected to have the fastest growth rate during the forecast period.”
The policy and compliance management segment is expected to grow at the highest CAGR during the forecast period. The fastest growth of this segment is due to benefits offered, such as efficient segmentation of workloads along with compliance adherence, and efficient policy management that enables the segmentation requirements for compliance with various regulations.
“The public cloud segment is expected to have the largest market share during the forecast period.”
Among the deployment models, the public cloud segment is expected to grow at the fastest rate during the forecast period, due to the growing adoption of public cloud services, increasing confidence in public cloud security, and the benefit of runtime scalability.
“Asia Pacific is expected to grow at the highest CAGR during the forecast period.”
Asia Pacific (APAC) is projected to be the fastest-growing region in terms of CAGR. Growing awareness about benefits of cloud services, advantages offered by the pay-as-you-go model, increased cloud security initiatives by governments, and digital transformation within enterprises are some of the key reasons that have led the APAC region to become a highly potential market.
The breakup of the profiles of the primary participants is given below:
The key providers in the cloud workload protection market are:
Research Coverage
The cloud workload protection market has been segmented on the basis of solutions, services, deployment models, organization size, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overview, products and services, key strategies, new product launches, partnerships, agreements, collaborations, business expansions, and the competitive landscape associated with the cloud workload protection market.
The report is expected to help the market leaders/new entrants in the following ways:
Related report:
Cloud Application Security Market by Component (Solutions (Cloud Application Discovery Data Protection Threat Protection and Analytics & Reporting) and Services) Organization Size Industry Vertical and Region – Global Forecast to 2022
The cloud application security market size is expected to grow from USD 6.78 billion in 2017 to USD 13.67 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.1%. The cloud application security market is driven by factors, such as strong regulations and compliance requirements, easy integration of cloud application security solutions with organizations’ existing security infrastructure, and rise in security breaches targeting business-critical cloud applications. However, non-acceptance of CASB as a security solution by enterprises is acting as restraining factor in this market. Furthermore, lack of technical expertise among the enterprise workforce for the development of advanced cloud application security solutions and lack of awareness about advanced cyber threats and growing security concerns are the biggest challenges for organizations.
Analytics and reporting solution is expected to grow at the highest CAGR during the forecast period
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