Cloud Security Market Scope: Overview, New Opportunities & Swot Analysis By 2030

The global Cloud Security Market size is projected to grow from USD 40.7 billion in 2023 to USD 62.9 billion by 2028 at a CAGR of 9.1% during the forecast period, according to a new report by MarketsandMarkets™. The cloud security market experienced substantial growth due to the rising adoption of multi-cloud environments, the expansion of DevSecOps practices, increased utilization of AI and ML for cloud security, and the growing trend of BYOD and CYOD, which led to an increased demand for cloud security solutions.

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Cloud Security Market Dynamics:

Drivers:

1. Increasing adoption of multi-cloud environments.
2. Growth of DevSecOps
3. High adoption of AI and ML solutions
4. Upsurge in BYOD and CYOD trends

Restraints:

1. Lack of awareness regarding cloud security.
2. Complexity in cloud security management
3. High navigation costs and stringent regulations
4. Reliance of organizations on cloud security providers

Opportunities:

1. Development of cloud computing landscape
2. Growth of mobile computing
3. High adoption of IoT devices
4. Sophistication of cybercriminals.

List of Key Players in Cloud Security Market:

• IBM (US)
• Broadcom (US)
• Check Point (Israel and US)
• Google (US)
• AWS (US)
• Zscaler (US)
• Akamai Technologies (US)
• Forcepoint (US)
• Fortinet (US)
• F5 (US)
• Qualys (US)
• TrendMicro (Japan)
• Palo Alto Networks (US)

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By vertical segment, the retail & eCommerce vertical will grow at the highest CAGR during the forecasted period.

The retail and eCommerce industry is experiencing the highest CAGR in the cloud security market due to the increased adoption of cloud technologies for digital transformation. Data protection has become a priority, with more sensitive customer data and financial transactions being processed in the cloud. Retailers also face a higher risk of cyberattacks and data breaches, leading to the demand for advanced cloud security solutions. The COVID-19 pandemic has further accelerated the shift towards online shopping, boosting the adoption of cloud technologies in this sector. To tap into this growth opportunity, cloud security providers are customizing their solutions to meet the specific needs of retail and eCommerce, ensuring seamless integration and compliance with industry regulations. Thus, the retail and eCommerce segment is projected to have the highest CAGR during the forecast period.

By Type, Visibility and Risk Assessment holds the largest market size during the forecast period.

By type, Visibility and Risk Assessment hold the largest market size in the cloud security market due to their critical role in enhancing overall cloud security. As cloud environments grow in complexity and scale, organizations face challenges in effectively identifying and managing potential security risks. Visibility solutions provide real-time insights into cloud assets, configurations, and activities, enabling businesses to monitor and detect any suspicious behavior or vulnerabilities proactively. On the other hand, risk assessment tools help organizations assess the security posture of their cloud infrastructure, applications, and data. By conducting thorough risk assessments, businesses can prioritize security measures, allocate resources efficiently, and proactively address potential threats. These capabilities are essential as they empower organizations to stay ahead of evolving cyber threats and maintain a robust security posture in their cloud deployments. The need for comprehensive visibility and risk assessment solutions has grown exponentially as businesses recognize their critical role in safeguarding sensitive data and maintaining compliance with industry regulations.

By region, the Asia Pacific market is to grow at the highest CAGR during the forecast period.

The Asia Pacific region demonstrates solid technological adoption, with a mix of developed and growing economies like China, Japan, India, Australia and New Zealand, and Singapore. Additionally, the governments in the region actively promote internet accessibility, driving demand for cloud security solutions. Also, policy improvements and regulatory enhancements, such as strengthened privacy regulations in Australia, boost adoption. Moreover, unique cybersecurity risks and rising data protection awareness accelerate the demand for cloud security in the region. Furthermore, collaborative initiatives and the adoption of SASE solutions reinforce the region’s position as the fastest-growing market for cloud security. Thus, Asia Pacific has the highest CAGR in the cloud security market.

Market Players:

IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Imperva (US), Trellix (US), Rapid7 (US), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), DataTheorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Caveonix (US), Banyan cloud (US), and AccuKnox (US) are the key players and other players in the cloud security market.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

Attack Surface Management Market Estimation, Key Players, Growth Opportunities 2030

The global Attack Surface Management Market size is forecasted to grow from USD 0.9 billion in 2024 to USD 3.3 billion in 2029 at a (CAGR) of 29.3% during the forecast period, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™. The attack surface refers to all the potential points of entry that attackers can use to infiltrate a system or network. This includes software, hardware, configurations, and even human behavior vulnerabilities. Essentially, the more access points, weaknesses, and gaps in the defenses, the larger the attack surface and the easier for attackers to find a way in.

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Attack Surface Management Market Dynamics:

Drivers:

1. Rise in companies & digital footprints.
2. Increasing adoption of cloud and SaaS solutions
3. Flourishing landscape of digital ecosystem
4. Rise of remote work & model

Restraints:

1. Integration and complexity of environment.
2. Lack of awareness regarding benefits of attack surface management solutions

Opportunities:

1. Convergence of ASM with other security capabilities.
2. Smart automation in ASM leveraging AI and ML
3. Demand for merging cloud-native application platforms (CNAPPs) with attack surface management solutions

List of Key Players in Attack Surface Management Market:

• Palo Alto Networks (US)
• IBM(US)
• Microsoft (US)
• Cisco (US)
• Google Cloud (US)
• Trend Micro (Japan)
• Qulays (US)
• Tenable (US)
• Crowdstrike (US)
• Rapid7 (US)
• Bitsight(US)
• SecurityScorecard (US)
• CyCognito(US)

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Attack surface management (ASM) aims to provide organizations with a comprehensive awareness of their attack surface. Through ongoing identification and monitoring of potential entry points, ASM facilitates proactive vulnerability management, substantially decreasing overall security risk. ASM is the continuous monitoring, remediation, and reduction of all security risks within an organization's attack surface. The ultimate objective of ASM is to keep the attack surface minimal to reduce the number of options hackers have to breach a network perimeter. It is the ongoing process of identifying, analyzing, prioritizing, and mitigating the cybersecurity risks and potential weaknesses that make up an organization's attack surface.

By offering the services segment to grow with the highest CAGR during the forecast period.

Attack Surface Management (ASM) services are increasingly sought after as organizations struggle to navigate their expanding digital landscapes. With the rise of digital technologies, managing complex attack surfaces internally has become daunting, prompting a need for external expertise. Moreover, the evolving threat landscape poses challenges, requiring constant vigilance and specialized knowledge to combat sophisticated cyber threats effectively. However, the need for more skilled cybersecurity professionals exacerbates the situation, making it difficult for organizations to build internal capabilities. ASM services offer a viable solution, providing access to expert guidance without the need for extensive hiring efforts. Additionally, ASM services assist organizations in meeting compliance requirements by ensuring adherence to data privacy regulations and demonstrating proactive risk management.

By Deployment mode, the cloud segment will grow at a higher CAGR during the forecast period.

When choosing between cloud-based and on-premise Attack Surface Management (ASM) solutions, cost-effectiveness is crucial. With subscription models, cloud options appeal to smaller businesses with limited budgets, while leveraging existing on-premise infrastructure can reduce costs for those with significant investments. Scalability is another advantage of cloud solutions, accommodating growing IT environments and fluctuating security needs. Accessibility is enhanced with cloud-based ASM, offering remote access and centralized management, which is ideal for geographically dispersed organizations or those with a mobile workforce. However, data security concerns and compliance requirements may drive organizations to prefer on-premise deployments, providing complete control over sensitive data and ensuring regulatory compliance. Additionally, customization needs may favor on-premise solutions, offering greater flexibility for tailoring the software to specific IT environments and security policies.

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By region, Asia Pacific will grow at the highest CAGR during the forecast period.

Asia Pacific is witnessing a surge in cyberattacks, prompting organizations to prioritize effective corporate governance and risk strategies. Recent incidents, such as the ransomware attack on Tokio Marine Group's Singapore unit, underscore the critical need for robust cybersecurity measures. Government initiatives and funding in countries like China, Singapore, Japan, and Australia drive innovation in attack surface solutions. Both small and large enterprises in the region are increasingly adopting these technologies to protect critical resources and enhance operational efficiency. Studies show that many businesses in the Asia Pacific region have experienced cyber incidents, prompting proactive measures like scenario planning and response readiness.

Palo Alto Networks (US), IBM(US), Microsoft (US), Cisco (US), Google Cloud (US), Trend Micro (Japan), Qulays (US), Tenable (US), Crowdstrike (US), Rapid7 (US), Bitsight(US), SecurityScorecard (US), CyCognito(US), Bugcrowd(US)  are the key players and other players in the Attack Surface Management market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

In-building Wireless Market Size, | Industry Growth, Upcoming Trends And Forecast Upto 2030

The global In-building Wireless Market size is expected to reach USD 35.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 12.1 % during 2024–2029, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™. The proliferation of mobile data traffic drives the demand for reliable indoor wireless connectivity. With the increasing use of smartphones, tablets, and other connected devices for activities such as streaming, social media, and cloud applications, businesses and building owners recognize the importance of providing seamless wireless connectivity to users within buildings. In-building wireless solutions are crucial in meeting this demand by ensuring fast and reliable connectivity for voice, data, and multimedia applications, enhancing the overall user experience.

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In-building Wireless Market Dynamics:

Drivers:

1. Increasing demand for network coverage and capacity.
2. Demand for modern and sustainable concepts of construction
3. Need for supporting mission-critical applications
4. Lack of investments from carriers in large venues

Restraints:

1. Cost constraints.
2. Backhaul connectivity issues

Opportunities:

1. Deployment of 5G networks.
2. Rise of IoT and smart buildings

List of Key Players in In-building Wireless Market:

• CommScope (US)
• Corning (US)
• Ericsson (Sweden)
• Huawei (China)
• Nokia (Finland)
• Comba Telecom (Hong Kong)
• Samsung (South Korea)
• ZTE (China)
• SOLiD (US)
• Dali Wireless (US)
• Zinwave (UK)

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The commercial campuses end user segment contributed the largest market share in the in-building wireless market during the forecast period.

Commercial campuses include sprawling office complexes, business parks, retail stores, shopping malls, and mixed-use developments. The deployment of in-building wireless solutions in these facilities is tailored to meet the varied connectivity requirements of diverse end users. Commercial campuses’ end users rely heavily on in-building wireless systems to ensure uninterrupted connectivity across the extensive campus environment. Whether employees access cloud-based platforms, participate in video conferences, or utilize mobile devices for day-to-day tasks, a dependable wireless infrastructure is indispensable for maintaining productivity and operational efficiency. Engineered to accommodate the high-density environment prevalent in commercial settings, these systems can seamlessly support numerous concurrent users and diverse device types.

The training, support, and maintenance services segment is expected to register the highest CAGR in the in-building wireless market during the forecast period.

Training, support, and maintenance services are essential in deploying an in-building wireless network. These services are designed to optimize performance and maximize the uptime in the operator’s network. Support services provide critical support for network failure, coverage, capacity, and bandwidth issues. Maintenance services include regularly updating the system, occasionally monitoring the network’s performance, and ensuring security checks on the network. This enables enterprises to save their costs on network downtime or failure. Training services help businesses to educate their workforce on new technologies. Vendors provide 24*7 support through several channels, such as web, email, and telephone. In case of system failure, in-building wireless network providers offer alternative services to continue business operations. These services are crucial for any deployed network to gain the intended ROI. The services segment ensures that the network performs at its optimum level to utilize the benefits offered by the network to the maximum possible extent.

Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.

Asia Pacific, home to nearly 40% of the world's population, is witnessing diverse implementations of in-building wireless technologies. The Asia Pacific region is undergoing a notable surge in adopting in-building wireless, driven by the flourishing economies of India, China, Japan, Australia, and New Zealand. Surging demand for seamless connectivity within various building types across diverse industries underpins this market's robust expansion. This surge is driven by the widespread proliferation of smartphones, IoT devices, and data-intensive applications, necessitating robust indoor wireless infrastructure. Technological breakthroughs such as Distributed Antenna Systems (DAS) and Small Cells, which amplify coverage and capacity, drive this growth further, alongside the accelerated deployment of 5G technology. Furthermore, the region's swift urbanization and smart building initiatives are key contributors to market expansion, backed by supportive government regulations and initiatives promoting wireless technology adoption. However, persistent challenges like high deployment costs and interoperability issues underscore the imperative for ongoing innovation and regulatory reinforcement to unlock the potential of in-building wireless solutions across the Asia Pacific region.

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The report profiles key players such as CommScope (US), Corning (US), Ericsson (Sweden), Huawei (China), Nokia (Finland), Comba Telecom (Hong Kong), Samsung (South Korea), ZTE (China), SOLiD (US), Dali Wireless (US), Zinwave (UK), ADRF (US), Airspan (US), Contela (South Korea), Fujitsu (Japan), NEC (Japan), BTI Wireless (US), Casa Systems (US), Sercomm (Taiwan), PCTEL (US), Huber+Suhner (Switzerland), Baicells Technologies (US), Qucell (South Korea), CommAgility (UK), Galtronics (US), PBE Axell (US), Microlab (US), Nextivity (US), JMA Wireless (US), Whoop Wireless (US), and SignalBoosters.com (US).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

IDaaS Market Growth Insight, Size, Share, Trends, Regional Forecast To 2030

IDaaS market size is projected to grow from USD 7.0 billion in 2023 to USD 21.4 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 25.0% during the forecast period. The rise in identity and authentication frauds and the adoption of advanced authentication techniques across verticals drive the growth of the IDaaS market. Moreover, ownership and privacy challenges may hinder market growth.

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Security Service Edge Market Drivers:

• Government initiatives and regulations to support digital identity transformation.
• Need for effective compliance management.
• Rise in identity and authentication threats.   

Security Service Edge Market Restraints:

• Reluctance of organizations in adopting cloud-based security.
• Lack of data security.

Security Service Edge Market Opportunities:

• Rising focus of organizations on enhancing user experience.
• Integration of AI, ML, and blockchain technologies to enhance digital identities.
• Adoption of advance authentication techniques across verticals.

Based on component, the single sign-on is expected to grow at a highest CAGR during the forecasted period.

Single Sign-on (SSO) is a form of authentication by which users can access multiple computer platforms or applications present on-premises of an organization or through the cloud by logging in only once. The process saves a lot of time for users by authenticating users for all the applications they have been entitled to. SSO enables them to focus on a required task without remembering multiple usernames and password combinations. ?    SSO lowers IT costs by saving time on password resets. When apps require a different username and password for every employee, there is a high chance that employees will forget passwords—which means help tickets for password reset pile up. Technologies like AI enable SSO systems to track user activity constantly during a session, guaranteeing that only authorized users can access secured resources.

By deployment type, private cloud segment is expected to grow at a highest CAGR during the forecast period.

Private cloud refers to computing wherein the computing resource is accessed by a single organization and restricted to external entities. Organizations that invest in their on-premises data centers can also use it as a private deployment type. Private Cloud enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The flexibility allows businesses to adapt identity management services to their unique workflows and compliance requirements, ensuring that the solution aligns precisely with their operational goals. Private cloud IDaaS solutions provide organizations with a greater degree of control and data sovereignty. It is particularly appealing to businesses operating in highly regulated industries or regions with strict data privacy requirements.

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By region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Asia Pacific region consists of some of the fastest growing economies like India and China. Asia Pacific has seen cutting-edge technology's advanced and rapid adoption as a profitable security product and service market. Even though the area implements the most recent security solutions, it is frequently the target of attacks. Developing countries such as India are moving towards the rapid digitalization of processes through different initiatives taken by governments to increase the use of mobile applications and web-based applications across sectors such as BFSI, retail, and IT. The growing digitization in the Asia Pacific is driving IDaaS demand.

Top Key Players:

Okta (US), Microsoft (US), Thales (France), Ping Identity (US), IBM (US), Atos (France), Oracle (US), Salesforce (US), Google (US), CyberArk (US), OpenText (Canada), SailPoint (US), VMware (US), HCL Tech (India),  Entrust (US), SecureAuth (US), Simeio (US), Ilantus Technology (India), LoginRadius (US), JumpCloud (US), IDNow (Germany), One Identity (US), 1Kosmos (US), Idenfy (Lithuania), ShareID (France) are the key players and other players in the IDaaS market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Security Service Edge Market Scope In 2024: Share, Trends, Opportunities Analysis Forecast Report By 2030

The SECURITY SERVICE EDGE market is expected to reach USD 2.8 billion by 2028 from USD 0.8 billion in 2023, at a CAGR of 25.4 % during 2023–2028. The adoption of SECURITY SERVICE EDGE has experienced a remarkable surge in recent years, driven by integration of a cloud access security broker (CASB) into an organization's security framework. This integration plays a pivotal role in addressing the challenges brought about by the widespread adoption of Software as a Service (SaaS) applications, often referred to as the "SaaS explosion." CASBs are purpose-built to provide organizations with the necessary tools to monitor, control, and secure data in the cloud. They offer visibility, data protection, and compliance enforcement for cloud-based applications, which is crucial in a landscape where data resides both on-premises and in the cloud.

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Security Service Edge Market Drivers:

• Rising need for unified network security architecture.
• Integration of a Cloud Access Security Broker (CASB).
• Zero Trust Access Driving Security Service Edge (SECURITY SERVICE EDGE) Adoption.

Security Service Edge Market Restraints:

• Integration Complexity.
• Interoperability issues may arise during integration.

Security Service Edge Market Opportunities:

• Cost savings by combining multiple security and network access.
• By consolidating various security and networking tools into a single SECURITY SERVICE EDGE platform.

Security Service Edge Market Challenges:

• Traffic Aggregation and User Experience.

By integrating CASBs with SECURITY SERVICE EDGE or Secure Access Service Edge (SASE) solutions, organizations create a holistic security ecosystem. This comprehensive approach extends uniform security policies and controls across the entire network, encompassing remote work scenarios and cloud resources. CASBs excel in safeguarding data, offering features like data loss prevention (DLP), encryption, and threat detection. Moreover, they ensure compliance with industry regulations, enabling organizations to navigate complex data privacy and security requirements. CASBs also provide real-time visibility into cloud application usage, enabling proactive security measures based on user behavior and context. As the SaaS landscape continues to evolve, CASBs remain adaptable, accommodating new services and threats to maintain the security and compliance of organizations in the dynamic digital environment.

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The Cloud Access Security Broker (CASB) registers the second highest market size in the SECURITY SERVICE EDGE market during the forecast period.

Cloud Access Security Brokers (CASBs) are vital security solutions that help organizations manage and safeguard their data as it traverses multiple SaaS applications and cloud environments, whether within their on-premises data centers or acceSecurity Service Edged by mobile workers. CASBs serve as intermediaries between an organization's security policies and the cloud resources, ensuring that authorized users can securely access and consume these resources while consistently enforcing security, governance, and compliance measures. There are two primary types of CASBs available: traditional CASBs and integrated CASBs.

The BFSI segment is projected to register highest CAGR during the forecast period.

The BFSI industry deals with sensitive financial data and customer information and demands rigorous security measures to safeguard against data breaches and cyber threats. In this context, financial institutions and insurance companies must implement robust SECURITY SERVICE EDGE solutions encompassing secure access controls, encrypted communications, and continuous monitoring.

With the ever-increasing reliance on digital platforms for financial transactions and customer services, SECURITY SERVICE EDGE ensures the protection of sensitive financial data and maintains compliance with stringent industry regulations. It enables secure online banking, safeguards against cyber threats such as fraud and data breaches and ensures the continuity of eSecurity Service Edgential services. Moreover, SECURITY SERVICE EDGE supports the secure remote access of financial professionals and the seamless integration of new fintech applications, bolstering the industry's agility and competitive edge. As cybersecurity remains a paramount concern in the BFSI sector, SECURITY SERVICE EDGE provides a robust defense against evolving threats while facilitating the delivery of secure and efficient financial services to customers.

Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.

APAC countries are highly concerned about the increase in security spending due to the ever-growing threat landscape. The region comprises emerging economies, such as China, Japan, and India. With effective government regulations and technological advancements, SECURITY SERVICE EDGE is witnessing high growth opportunities in this region. The Asia Pacific SECURITY SERVICE EDGE market is experiencing substantial growth, primarily driven by the increasing acceptance of remote work, cloud adoption, and the imperative for enhanced security in remote work environments. The COVID-19 pandemic, which necessitated rapid remote work adoption, prompted significant investments in security control systems to protect remote employees. While the pandemic played a pivotal role in driving the SECURITY SERVICE EDGE market, a surge in highly sophisticated cyberattacks targeting critical infrastructure and government entities has further compelled organizations in the region to bolster their investments in SECURITY SERVICE EDGE technologies.

Top Key Players:

The report profiles key players such as Netskope (US), ZScaler (US), Palo Alto Networks (US), Cisco (US), Broadcom (US), Forcepoint (US), Lookout (US), iBoss (US), Skyhigh Security (US), Cloudflare (US), Trend Micro (Japan), Akamai (US), Fortinet (US), Aruba Networks (US), Citrix (US), Cato Networks (Israel), Perimeter81 (Israel), Open Systems (Switzerland), Menlo Security (US).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

 

Micro Mobile Data Center Market: Driving Factors, Industry Growth, Key Vendors And Forecasts To 2030

The global Micro Mobile Data Center Market is expected to grow from USD 5.2 billion in 2024 to USD 9.6 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period, according to a new report by MarketsandMarkets™. Micro Mobile Data Centers (MMDCs) are compact, portable solutions that provide essential computing, storage, and networking capabilities in diverse environments.

They offer flexibility and scalability, catering to the increasing demand for edge computing and IoT applications. With their modular design and mobility, MMDCs are well-suited for rapid deployment in remote locations or temporary setups, making them integral components of modern IT infrastructure.

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Micro Mobile Data Center Market Dynamics:

Drivers:

1. High emphasis on security and threat detection integrated systems.

Restraints:

1. Lack of standardization.

Opportunities:

1. Focus on flexible and scalable IT infrastructure.

List of Key Players in Micro Mobile Data Center Market:

• Schneider Electric (France)
• HPE(US)
• Dell(US)
• Vertiv(US)
• Huawei(China)
• Eaton(Ireland)
• IBM(US)
• Rittal (Germany)
• Panduit(US)
• and Stulz(Germany)

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By application, the edge computing & IoT deployment segment will hold the largest market size during the forecast period.

With the rise of edge computing, processing is moved closer to the data source, reducing latency and improving efficiency. Edge computing enables real-time data analysis and decision-making, crucial for applications like IoT, where immediate responses are often necessary. Micro mobile data centers provide the infrastructure needed to support IoT deployments by offering computing power and storage capacity close to IoT devices.

Businesses are increasingly adopting edge computing solutions to meet the demands of real-time applications and reduce latency. This demand drives the need for micro mobile data centers that can be quickly deployed at the edge. The IoT market continues to expand across various industries, including manufacturing, healthcare, transportation, and smart cities.

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By region, the Asia Pacific will grow at the highest growth rates during the forecast period.

The Asia Pacific region is experiencing a significant surge in the adoption of micro mobile data centers, driven by several key growth factors. These compact and versatile data centers offer unique advantages that align with the region's dynamic technological landscape and burgeoning digital infrastructure needs. The Asia Pacific region is home to some of the fastest-growing cities globally. Countries like China, India, and Japan heavily invest in smart city projects, which require robust, low-latency data processing capabilities. The deployment of 5G technology is accelerating across the Asia Pacific region. Nations such as South Korea, China, and Japan are at the forefront of 5G implementation. Micromobile data centers support the 5G infrastructure by providing localized data processing, which is essential for minimizing latency and enhancing network performance.

Key Players

Some of the key players operating in the micro mobile data center market are – Schneider Electric (France), HPE(US), Dell(US), Vertiv(US), Huawei(China), Eaton(Ireland), IBM(US), Rittal (Germany), Panduit(US), and Stulz(Germany).

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Cloud Analytics Market Growth, Trends, Industry Outlook, Growth Opportunity And Forecast (2024 - 2030)

The global Cloud Analytics Market is estimated to grow from USD 35.7 billion in 2024 to USD 118.5 billion in 2029, at a CAGR of 27.1% during the forecast period, according to a new report by MarketsandMarkets™. Cloud analytics revolutionizes data storage and analysis by harnessing the power of the cloud. By storing and analyzing data in the cloud, businesses can extract actionable insights crucial for both SMEs and large enterprises. This approach facilitates identifying patterns, predicting future outcomes, and gaining valuable insights.

Cloud analytics offers an opportunity to consolidate data and convert it into actionable intelligence while reducing procurement and maintenance costs. It involves utilizing both cloud-stored data and the rapid computing power of the cloud for faster analytics. However, with cloud infrastructure, organizations gain access to scalable, secure, and efficient data storage and processing solutions, enabling them to meet the demands of big data and drive innovation.

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Cloud Analytics Market Dynamics:

Drivers:

1. Exponential increase in unstructured data.
2. Rise in digitalization trend

Restraints:

1. Discrepancy among data sources.
2. Data security and privacy concerns

Opportunities:

1. Focus on SDN-enabled network integration.
2. Growing integration of advanced analytical functionalities

List of Key Players in Cloud Analytics Market:

• IBM (US)
• SAS Institute (US)
• Oracle (US)
• Google (US)
• Microsoft (US)
• Teradata (US)
• Salesforce (US)
• AWS (US)
• NetApp(US)
• Qilk(US)

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By offering the services segment to account for higher CAGR during the forecast period

Services segment in the cloud analytics market have experienced remarkable growth in the cloud analytics market, fueled by the increasing adoption of data-driven decision-making across industries. These services offer businesses the capability to analyze vast amounts of data stored in the cloud swiftly and efficiently, enabling them to extract valuable insights for strategic planning, optimization, and innovation. With the scalability and flexibility of cloud infrastructure, analytics services can accommodate diverse data types and analytical workloads, empowering organizations to derive actionable intelligence from their data in real time. As businesses continue to prioritize agility and competitiveness, the demand for cloud analytics services is expected to soar, driving further innovation and expansion in the cloud analytics market landscape.

By Type, advanced analytics solution is expected to hold the largest market size for the year 2024

The surge in advanced analytics adoption within the cloud analytics market is reshaping the landscape of data-driven decision-making. Organizations across diverse sectors are increasingly turning to advanced analytics solutions hosted on cloud platforms to extract deeper insights from their data. This trend stems from the growing realization that traditional analytics methods are no longer sufficient to cope with the complexities of modern data ecosystems. Advanced analytics, powered by machine learning algorithms, predictive modeling, and AI, offer unparalleled capabilities to uncover hidden patterns, forecast trends, and optimize business processes. By leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure, businesses can access powerful analytics tools without the burden of hefty upfront investments in hardware and software. As a result, the cloud analytics market is witnessing rapid expansion, fueled by the transformative potential of advanced analytics in driving innovation, enhancing operational efficiency, and gaining a competitive edge in today's data-driven economy.

By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period

The healthcare and life sciences sector is experiencing a transformative shift with the emergence of cloud analytics. This technology integrates vast amounts of data from various sources, including electronic health records, wearable devices, and genomic information, to derive meaningful insights and drive informed decision-making. Cloud analytics offers scalability, flexibility, and cost-effectiveness, enabling organizations to efficiently manage and analyze massive datasets that were previously challenging to handle. By leveraging advanced analytics techniques such as machine learning and predictive modeling, healthcare providers and life sciences companies can enhance patient care, optimize clinical workflows, and accelerate drug discovery processes. Moreover, cloud-based analytics facilitates collaboration among researchers, clinicians, and stakeholders, fostering innovation and driving advancements in personalized medicine and population health management. As the industry continues to embrace digital transformation, cloud analytics stands as a cornerstone for unlocking the full potential of data-driven healthcare and life sciences initiatives.

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Asia Pacific is expected to grow at the highest CAGR during the forecast period

The Asia Pacific region is experiencing a significant surge in the adoption of cloud analytics, reshaping how businesses make data-driven decisions. Companies spanning various industries are embracing cloud-based analytics platforms to optimize operations, foster innovation, and gain actionable insights. Additionally, the ubiquitous nature of mobile devices and internet connectivity has heightened the demand for real-time analytics accessible from anywhere. Governments and enterprises recognize the strategic value of harnessing analytics to maintain competitiveness in the global marketplace. Consequently, investments in cloud analytics technologies and talent development are escalating, positioning the Asia Pacific region as a pivotal player in the global cloud analytics landscape.

The significant cloud analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp(US), Qilk(US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo(US), GoodData(US), Thoughtspot (US), and Infogain (US). These companies have used organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the cloud analytics market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com