Cloud Workload Protection Market Size (2024 - 2029)

The cloud workload protection market is experiencing significant growth, driven by the increasing adoption of cloud computing and the rising need to secure enterprise workloads against cyber threats. The expansion of multi-cloud strategies and the heightened awareness of data security are key factors contributing to the market's growth. As more organizations migrate to cloud platforms, the demand for robust protection solutions is escalating, particularly to address vulnerabilities such as unauthorized access and misconfigurations. The COVID-19 pandemic has further accelerated this trend, as the surge in remote work has led to a rise in cyber attacks targeting cloud services. Consequently, the market is poised for continued expansion over the forecast period.

Market Size of Cloud Workload Protection Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Cloud Workload Protection Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 24.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Workload Protection Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Cloud Workload Protection Market Analysis

The cloud workload protection market is expected to reach a CAGR of 24.2% during the forecast period (2021 - 2026). The growth of the market is attributed to the increasing cloud workload. According to Cisco Systems, the cloud workloads will be 94% of total data center workloads in 2021 compared to 86% in 2017. Factors such as the growing adoption of multi-cloud strategy among enterprises, the rising need to fortify enterprise workloads against unauthorized strikes, and centralized policy enforcement are expected to drive the growth of the market across the globe.

  • According to NTSC, the cloud industry is growing exponentially and is expected to rise from USD 227 Billion in 2019 to USD 354 Billion by 2022. Currently, more than 90% of enterprises use cloud service. The growing adoption of private and public cloud computing models has led to an increase in cyber attacks targeting resources and sensitive data residing within these platforms. While more organizations move to the cloud, the awareness regarding the security of data is driving the market growth.
  • Moreover, unauthorized cloud access, insecure interfaces, misconfiguration of the cloud platform, and account hijacking are boosting the demand for the market. A misconfigured cloud environment is considered to be the leading cause of data theft incidents. For instance, in April 2019, unprotected Amazon servers exposed 540 million records of Facebook users through third-party apps.
  • Enterprises need to secure cloud-based workloads, using a protection approach. Many vendors offer Cloud worload protection platform solutions that vary widely in their capabilities, as every cloud workload does not require similar protection. Some cloud workloads have less confidential data and require controls rarely, while others hosting sensitive data are likely to use more controls. Whereas, workload within the host may need less protection from due to the presence of network-based controls, such as intrusion protection systems (IPSs) and firewalls. The cloud workload protection platform enables encryption of both persistent data and data in motion for data assurance.
  • With the outbreak of COVID-19, there is a significant impact on the market. According to McAfee's report, the use of cloud services increased by 50 percent between January and April in 2020. It also confirmed that the cybercriminals had been steadily working to exploit the increase in remote work during the COVID-19 pandemic with remote attacks on cloud services, which rose by 630%. Hence the market is likely to grow over the forecast period.

Cloud Workload Protection Industry Segmentation

Cloud workload protection platforms provide the strategy controls and security required without affecting the self-service cloud's speed and agility. Moreover, they help the organizations to monitor and remove threats from cloud workloads.

By Component
Solutions (Further Drill-down of Data is Qualitative Only)
Monitoring and Logging
Policy and Compliance Management
Vulnerability Assessment
Threat Detection and Incident Response
Others (Encryption, Tokenisation, and Key Management)
Services (Further Drill-down of Data is Qualitative Only)
Managed Services
Professional Services
By Deployment
Public
Private
Hybrid
By End-User
BFSI
Healthcare and Life Sciences
IT and Telecommunications
Retail and Consumer Goods
Media and Entertainment
Energy and Utilities
Other End Users
Geography
North America
Europe
Asia Pacific
Rest of the Word
Need A Different Region Or Segment?
Customize Now

Cloud Workload Protection Market Size Summary

The cloud workload protection market is experiencing robust growth, driven by the increasing reliance on cloud-based solutions and the need to secure these environments against cyber threats. As enterprises adopt multi-cloud strategies and hybrid cloud deployments, the demand for effective protection platforms is rising. These platforms are essential for safeguarding sensitive data and ensuring compliance with security policies. The market is characterized by a diverse range of solutions, catering to varying levels of data sensitivity and protection needs. The COVID-19 pandemic has further accelerated the adoption of cloud services, highlighting the importance of securing remote work environments. This surge in cloud usage has also led to a rise in cyber attacks, prompting organizations to invest in advanced workload protection solutions.

North America is poised to maintain a significant share of the cloud workload protection market, supported by the presence of major cloud service providers and a strong focus on hybrid IT strategies. The region's organizations are increasingly integrating public and private cloud services with traditional IT infrastructure to enhance business operations and customer service delivery. This trend is bolstered by vendor innovations and strategic partnerships aimed at facilitating hybrid cloud adoption. The competitive landscape of the market is marked by continuous advancements in protection solutions, with key players engaging in strategic collaborations and product enhancements to strengthen their market position. As the need for robust security measures grows, the cloud workload protection market is expected to expand, driven by technological advancements and increasing awareness of cyber security threats.

Explore More

Cloud Workload Protection Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION

    1. 1.1 By Component

      1. 1.1.1 Solutions (Further Drill-down of Data is Qualitative Only)

        1. 1.1.1.1 Monitoring and Logging

        2. 1.1.1.2 Policy and Compliance Management

        3. 1.1.1.3 Vulnerability Assessment

        4. 1.1.1.4 Threat Detection and Incident Response

        5. 1.1.1.5 Others (Encryption, Tokenisation, and Key Management)

      2. 1.1.2 Services (Further Drill-down of Data is Qualitative Only)

        1. 1.1.2.1 Managed Services

        2. 1.1.2.2 Professional Services

    2. 1.2 By Deployment

      1. 1.2.1 Public

      2. 1.2.2 Private

      3. 1.2.3 Hybrid

    3. 1.3 By End-User

      1. 1.3.1 BFSI

      2. 1.3.2 Healthcare and Life Sciences

      3. 1.3.3 IT and Telecommunications

      4. 1.3.4 Retail and Consumer Goods

      5. 1.3.5 Media and Entertainment

      6. 1.3.6 Energy and Utilities

      7. 1.3.7 Other End Users

    4. 1.4 Geography

      1. 1.4.1 North America

      2. 1.4.2 Europe

      3. 1.4.3 Asia Pacific

      4. 1.4.4 Rest of the Word

Cloud Workload Protection Market Size FAQs

The Cloud Workload Protection Market is projected to register a CAGR of 24.20% during the forecast period (2024-2029)

CloudPassage, Dome9 Security Inc., McAfee LLC , Guardicore and HyTrust are the major companies operating in the Cloud Workload Protection Market.

Cloud Workload Protection Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)