Cloud Network Security Market Size (2024 - 2029)

The cloud network security market is experiencing significant growth, driven by the increasing need for protection against cyberattacks and the rising adoption of cloud storage, particularly accelerated by the COVID-19 pandemic. This expansion is further supported by the entry of new start-ups, which are attracting financial investments and contributing to the market's development. Major technology players are investing heavily to maintain their competitive positions, while partnerships, such as those between CrowdStrike and EY, are enhancing service offerings. The demand for secure cloud operations is intensifying due to changes in work environments and the challenges posed by the construction of new data centers.

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Market Size of Cloud Network Security Industry

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Cloud Network Security Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 18.10 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Cloud Network Security Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Cloud Network Security Market Analysis

The Cloud Network Security Market is expected to register a CAGR of 18.10% during the forecast period.

Protection against cyberattacks is becoming more critical for industrial establishments. Therefore, industries are now considering implementing cloud network security right at the development stage for new machines and throughout their entire life cycle. The entry of new cloud security start-ups will bring more financial investment to the market, adding to the advancement and development of the service. The adoption rate for cloud storage became high during the COVID-19 period as the work-from-home option emerged significantly, and many companies continue to follow this. These modifications in the work environment are fueling the need for cloud security.

  • The market comprises major players, such as IBM, Cisco, and Intel, who are the leaders in technology and the networking market (Cisco). Being early adopters and significant investors in cloud-based networking technologies, these players are pioneers in the market. To hold on to their competitive edges and positions in the market, these companies have continued to invest in this field.
  • Deloitte announced the expansion of its global Google Cloud practice, which will not only advance the company's cloud capabilities but also provide training and certification for cloud professionals. The clients will also benefit by helping them realize value from cloud investments.
  • CrowdStrike and EY signed an alliance to deliver cloud security and observability services. This venture will provide joint customers the ability to secure their cloud workloads with CrowdStrike Cloud Security and real-time visibility to better understand and assess issues in their infrastructure environments.
  • The COVID-19 pandemic affected every organization. There was a high demand for cloud storage, which required a secure and efficient operation due to the rise in work-from-home adoption, web-based conferences, and rising user traffic on the networks that connected users to these services.
  • Forecasts for the development of data centers indicate that construction on 4.1 GW worth of facilities is already underway in 55 regions, posing challenges for cloud network businesses to store, preserve, and secure this data.

Cloud Network Security Industry Segmentation

Cloud security is a set of policies, technologies, applications, and controls utilized to protect virtualized IP, data, applications, services, and the associated infrastructure of cloud computing. It helps in the protection against misuse or hacking of a system's files or directories. The most common threats to the network include viruses, worms, Trojan horses, spyware, adware, zero-day attacks, hacker attacks, DDoS attacks, and identity theft.

The cloud network security market is segmented by enterprise size (small and medium enterprises, large enterprises), by security type (application, database, network, web, and e-mail), by type of application (IAM, DLP, SIEM), by end-user industry (government, BFSI, healthcare), and by geography.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Application
Identity and access management (IAM)
Data loss prevention (DLP)
Security information and event management (SIEM)
By Security Type
Application Security
Database Security
Network Security
Web and e-mail security
By Organisation Size
Large Enterprises
Small-Medium Enterprises
By End-User
Healthcare
Banking and Financial Services
Retail and Consumer Services
Manufacturing
Transport and Logistics
IT and Telecom
Other End-Users
By Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Cloud Network Security Market Size Summary

The cloud network security market is experiencing significant growth, driven by the increasing need for protection against cyberattacks and the rising adoption of cloud storage solutions, particularly accelerated by the COVID-19 pandemic. As industries integrate cloud network security from the development stage of new machines and throughout their life cycles, the market is witnessing a surge in demand. The entry of new start-ups is further fueling financial investments and technological advancements in the sector. Major players like IBM, Cisco, and Intel are leading the market, continuously investing in cloud-based networking technologies to maintain their competitive edge. Partnerships and expansions, such as Deloitte's global Google Cloud practice and CrowdStrike's alliance with EY, are enhancing cloud capabilities and offering comprehensive security solutions to clients.

The United States stands as the largest consumer of cloud network security, attributed to the presence of numerous cybersecurity companies and large enterprises, alongside the growing frequency of cyberattacks. The market is highly fragmented, with numerous players offering competitive solutions, driving innovation and product upgrades. Key industry segments, including financial services, manufacturing, and energy, are increasingly adopting cloud-based solutions to mitigate cyber exposure. The market's growth is further supported by strategic partnerships and government contracts, such as those signed by the Pentagon, which aim to enhance cloud security across various sectors. As medium and large-scale companies continue to invest in network security solutions, the market is poised for substantial expansion over the forecast period.

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Cloud Network Security Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rapid adaptation of cloud based services among organisations

      2. 1.2.2 Increased Cyber Attacks

      3. 1.2.3 Rising trend of BYOD and CYOD to boost cloud security demand

    3. 1.3 Market Restraints

      1. 1.3.1 Data Privacy

      2. 1.3.2 The Complex Structure of Cloud Storage

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Identity and access management (IAM)

      2. 2.1.2 Data loss prevention (DLP)

      3. 2.1.3 Security information and event management (SIEM)

    2. 2.2 By Security Type

      1. 2.2.1 Application Security

      2. 2.2.2 Database Security

      3. 2.2.3 Network Security

      4. 2.2.4 Web and e-mail security

    3. 2.3 By Organisation Size

      1. 2.3.1 Large Enterprises

      2. 2.3.2 Small-Medium Enterprises

    4. 2.4 By End-User

      1. 2.4.1 Healthcare

      2. 2.4.2 Banking and Financial Services

      3. 2.4.3 Retail and Consumer Services

      4. 2.4.4 Manufacturing

      5. 2.4.5 Transport and Logistics

      6. 2.4.6 IT and Telecom

      7. 2.4.7 Other End-Users

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Mexico

      2. 2.5.2 Europe

        1. 2.5.2.1 United Kingdom

        2. 2.5.2.2 France

        3. 2.5.2.3 Germany

        4. 2.5.2.4 Russia

        5. 2.5.2.5 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 India

        3. 2.5.3.3 Japan

        4. 2.5.3.4 Australia New Zealand

        5. 2.5.3.5 Rest of Asia Pacific

      4. 2.5.4 Latin America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Mexico

        3. 2.5.4.3 Rest of Latin America

      5. 2.5.5 Middle East and Africa

        1. 2.5.5.1 United Arab Emirates

        2. 2.5.5.2 Saudi Arabia

        3. 2.5.5.3 South Africa

        4. 2.5.5.4 Rest of Middle East and Africa

Cloud Network Security Market Size FAQs

The Cloud Network Security Market is projected to register a CAGR of 18.10% during the forecast period (2024-2029)

IBM Corporation, Intel Corporation, Trend Micro Inc., Palo Alto Networks Inc. and Cisco Systems Inc. are the major companies operating in the Cloud Network Security Market.

Cloud Network Security Market Report Snapshots

Cloud Network Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)