The global cloud compliance market size is estimated to be valued at USD 30.0 billion in 2022 and is projected to reach USD 59.1 billion by 2027 during the forecast period, growing at a CAGR of 14.5%. The need to automate compliance among large enterprises is one of the key factors driving the market growth.
The key market players dominating the cloud compliance market include Microsoft (US), IBM (US), Check Point (Israel), AT&T (US), Broadcom (US), Qualys (US), Nutanix (US), Sophos (UK), Oracle (US), Palo Alto Networks (US). These players have adopted various strategies, such as new product launches and enhancements, partnerships, collaborations, and acquisitions, to grow in the market.
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Microsoft is a global multinational technology corporation producing computer software, consumer electronics, personal computers, and related services. The company develops and supports software, services, devices, and solutions to deliver customer value and help people and businesses know their potential. It also offers cloud-based services, support services, and consulting services to its customers. In the cloud compliance market, it offers Microsoft Defender for Cloud and Microsoft Defender for Cloud Apps. In April 2021, the company announced the acquisition of Nuance. With this acquisition, Microsoft would accelerate its industry cloud security strategy for healthcare.
Check Point is a provider of cybersecurity solutions to enterprises and governments globally. Check Point’s industry-leading solutions ensure protection against fifth-generation cyberattacks. Its comprehensive security management system offers “Infinity Total Protection with Gen V advanced threat prevention,” a multilevel security architecture for cloud, network, and mobile devices. Check Point provides cybersecurity solutions to industry verticals, such as retail, financial services, government, healthcare, Industrial Control Systems (ICS), telecommunication, and education. Its cloud compliance offerings include CloudGuard for Cloud Security Posture Management, CloudGuard for Workload Protection, and CloudGuard for Cloud Native Security. In February 2022, Check Point acquired Spectral to advance CloudGuard with a developer-first security platform and provide the widest range of cloud application security.
Cloud Compliance Market by Component (Software (CSPM, CWPP, CASB, and CNAPP) and Services), Application, Cloud Model (IaaS, PaaS, and SaaS), Organization Size (SMEs and Large Enterprises), Vertical and Region - Global Forecast to 2027
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