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Cloud Data Security Market Share

Report ID: GMI5712
Published Date: May 2023
Report Format: PDF

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Cloud Data Security Market Share

Major companies operating in the cloud data security market include:

Amazon Web Service Inc
Check Point Software Technologies Ltd.
Cisco Systems, Inc.
Commvault, Fortinet Inc.
IBM Corporation
Imperva
Microsoft Corporation
Orca Security
Palo Alto Networks, Inc
Polar Security
Radware
Rubrik
Sophos
VMWare

These companies are focused on enhancing cloud data security efficiency across several industries.

In February 2023, Orca Security introduced new Data Security Posture Management (DSPM) capabilities to its Orca Cloud Security Platform. The new offering builds on Orca's existing cloud security approach, providing extensive data discovery and management features. These enhanced capabilities enable organizations to effectively recognize, prioritize, and address sensitive data at risk.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud data security surpassed USD 4.2 billion in 2022 and is estimated to witness over 15% CAGR from 2023 to 2032, due to the rising demand for cloud-based technology in organizations.

The solution component segment crossed USD 2.5 billion in 2022, owing to the growing demand for comprehensive security solutions for protecting data across different cloud environments.

The SMEs will observe over 15% CAGR during 2023 to 2032, attributed to the growing complexity associated with the procurement of cloud data security solutions.

North America held over 35% of the industry share in 2022, on account of the rising deployment of 5G driven by the increasing need for secure data management in the region.