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MarketsandMarkets estimates that the global cloud data security market will be worth USD 4.4 billion in 2022 and will grow to USD 9.1 billion by 2027, with a CAGR of 15.5% during the forecast period. Globally increasing cyber thefts and company use of cloud services are important drivers of market growth.

The cloud data security market is flourishing due to several key growth drivers:

• Escalating Cloud Adoption
• Multi-Cloud Strategies
• DevSecOps Integration
• AI and Machine Learning (AI/ML) for Security
• BYOD and CYOD Trends
• Stringent Regulations

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• Escalating Cloud Adoption: Businesses are increasingly transferring data and applications to the cloud, significantly expanding the attack surface that necessitates protection. This surge in cloud usage fuels the demand for robust cloud data security solutions.
• Multi-Cloud Strategies: Organizations are adopting multi-cloud environments, utilizing services from multiple cloud providers. This complexity necessitates security solutions that can function seamlessly across different cloud platforms.
• DevSecOps Integration: The integration of security practices (SecOps) into the software development lifecycle (DevOps) is gaining traction. This collaborative approach ensures security is embedded throughout the development process, leading to more secure cloud deployments.
• AI and Machine Learning (AI/ML) for Security: AI and ML are revolutionizing cloud data security. These technologies are used for threat detection, anomaly identification, and automated incident response, enabling faster and more effective security measures.
• BYOD and CYOD Trends: The Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) trends allow employees to use personal devices for work. This necessitates robust data security solutions that can safeguard sensitive data on unmanaged devices.
• Stringent Regulations: Governments worldwide are enacting stricter data privacy regulations. Cloud data security solutions that ensure compliance with these regulations are becoming increasingly important.

Cloud Data Security Market Share - Global Industry Landscape

Some of the leading companies in the Cloud Data Security industry include:

• VMware (US)
• Thales (France)
• Sophos (UK)
• Polar Security (Israel)
• Netwrix (US)

VMware (US)

Market Share:

VMware holds a significant market share in the virtualization and cloud computing market. As of recent reports, VMware is a leading player in the global virtualization software market, with a substantial share that fluctuates around 10-15%. It also has a strong presence in the hybrid cloud services market.

Key Offerings:

vSphere - Virtualization platform for running, managing, and connecting applications in a common operating environment.

NSX - Network virtualization and security platform.

vSAN - Software-defined storage that enables hyper-converged infrastructure.

VMware Cloud - Multi-cloud services to build, run, and manage applications across different clouds.

Workspace ONE - Digital workspace platform that delivers and manages any app on any device.

Tanzu - Portfolio for modernizing applications and infrastructure.

Thales (France)

Market Share:

Thales is a major player in the cybersecurity market, especially in the sectors of data protection, identity management, and secure communications. It holds a significant share in the global cybersecurity solutions market, particularly in Europe.

Key Offerings:

CipherTrust Data Security Platform - Integrated data protection solution for securing sensitive information.

SafeNet Authentication - Solutions for multi-factor authentication.

HSM (Hardware Security Modules) - Secure management of cryptographic keys.

Thales Cloud Protection & Licensing - Cloud security solutions.

Digital Identity and Security - Solutions for securing identities and access control.

Sophos (UK)

Market Share:

Sophos is a prominent player in the cybersecurity market, known for its endpoint security and network security solutions. It holds a significant market share in the mid-sized business sector and is a well-recognized brand in the global cybersecurity market.

Key Offerings:

Intercept X - Endpoint security with advanced threat protection.

XG Firewall - Network security solutions.

Sophos Central - Cloud-based management platform.

Email Security - Protection against email threats.

Mobile Security - Security solutions for mobile devices.

Polar Security (Israel)

Market Share:

Polar Security is a newer player in the data security market, specializing in data security posture management (DSPM). Its market share is growing as it gains traction, especially in sectors focused on data protection and compliance.

Key Offerings:

Data Security Posture Management (DSPM) - Solutions to discover, classify, and secure sensitive data across the cloud.

Data Loss Prevention (DLP) - Prevents unauthorized access and data breaches.

Cloud Security - Secures data stored in cloud environments.

Netwrix (US)

Market Share:

Netwrix is a notable player in the data security and governance market. It has a significant market share in the data access governance and auditing solutions segment, particularly among mid-sized enterprises.

Key Offerings:

Netwrix Auditor - IT auditing software for visibility into changes, configurations, and access in hybrid IT environments.

Netwrix Data Classification - Identifies sensitive data to reduce exposure and manage risk.

Netwrix PolicyPak - Solutions for managing and securing endpoints.

Netwrix StealthAUDIT - Provides data access governance and sensitive data discovery.

Netwrix Password Manager - Self-service password management solution.

Related Reports:

Cloud Data Security Market by Offering, Organization Size (Large Enterprises and SMEs), Offering Type, Vertical (BFSI, Retail & eCommerce, Government and Defense, Healthcare and Life Sciences, IT and ITeS, Telecom) and Region - Global Forecast to 2027