Cloud Security Market

Amazon Web Services (US) and Microsoft (US) are leading players in Cloud Security Market

The global cloud security market size is expected to grow from USD 40.8 billion in 2021 to USD 77.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.7% from 2021 to 2026. The major factors driving the market include the increasing number of security breaches and cyberattacks, and stringent government policies towards adoption of security measures to protect the cloud environment.

The vendors covered in the cloud security market report include Amazon Web Services (US), Microsoft (US), Checkpoint (US), Google (US), Palo Alto Networks (US), McAfee (US), IBM (US), Zscaler (US), Cisco (US), Fortinet (US), Sophos (UK), Foreseeti (Sweden), Broadcom (US), Trend Micro (Japan), Tenable (US), Forcepoint (US), Netskope (US), Imperva (US), Proofpoint (US), Cloudflare (US), Aqua Security (Israel), Qualys (US), CipherCloud (US), Bitglass (US), SiteLock (US), Illumio (US), vArmour (US), Avanan (US), CloudPassage (US), and FireEye (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their footprint in the cloud security market.

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Amazon Web Services (AWS) is a subsidiary of Amazon Inc. It provides on-demand cloud computing platforms to individuals, governments, and companies. AWS comprises more than 200 services, including storage, security, computing, networking, database, analytics, application services, deployment, mobile, developer tools, and IoT tools. AWS core infrastructure is built to satisfy the security requirements for the military, global banks, and other high-sensitivity organizations. This is backed by a deep set of cloud security tools, with 230 security, compliance, and governance services and features. AWS supports 90 security standards and compliance certifications, and all 117 AWS services store customer data and allow to encrypt that data. The company’s cloud security services help clients benefit from AWS data centers and networks to ensure a secure cloud computing environment. Its clientele consists of Salesforce, Standard Chartered Bank, NASDAQ, Netflix, Liberty Mutual, Hess, Canary, SoundCloud, and Delaware North. Security solutions in the AWS marketplace help strengthen the security posture with best cloud compliance practices, container security, secure AWS environments, vulnerability assessment, firewalls, endpoint detection, IDS, SIEM, disaster recovery, and cyber risk management.

Microsoft was founded in 1975 and is headquartered in Washington, US. It is a public company listed and traded on NASDAQ under the ticker symbol MSFT. The company’s global employee count was 144,000, as of 2019. It designs and develops various cloud-based software solutions and hardware products. It also provides professional as well as managed services associated with these offerings, apart from the support and consulting services for its cloud and security solutions, to customers. The company offers a strong security as a service solution portfolio, which includes Azure AD Identity Protection, Azure AD Privileged Identity Management, Cloud App Security, Advanced Threat Protection, and Advanced Threat Analytics. Its cloud app security includes endpoint detection and response, Identity and Access Management (IAM), Data Loss Prevention (DLP), unified endpoint management, and cloud security posture management. Microsoft focuses on a mix of organic and inorganic growth strategies to strengthen its market position in the cloud security market. It plans to make huge investments in cloud security solutions to foster innovation and support its services in future. It has a strong partner network, which supports innovative concepts and helps maintain its competitive position. The Azure Security Center offers benefits such as multi-layered security, DDoS protection, dedicated security center, information protection, and secure application gateway to protect the cloud environment.

Related Reports:

Cloud Security Market with COVID-19 Analysis by Security Type, Application (Visibility and Risk Assessment, User and Data Governance), Service Model, Organization Size, Vertical (BFSI, IT and ITeS, Retail) and Region - Global Forecast to 2026

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Report Code
TC 2452
RI Published ON
1/31/2022
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