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Cloud Network Security Market Share

Report ID: GMI7229
Published Date: Jul 2024
Report Format: PDF

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Cloud Network Security Market Share

Cisco Systems, Inc. and IBM Corporation are major companies in the cloud network security industry due to their extensive experience, global reach, and comprehensive security offerings. Cisco provides robust network security solutions including firewalls and VPNs. IBM offers a wide range of security services, leveraging AI and cloud capabilities. Their established reputation and innovation in cloud security make them prominent choices for organizations seeking reliable & end-to-end security solutions.

Cloud Network Security Market Companies

Major companies operating in the cloud network security industry are:

Cisco Systems, Inc.
IBM Corporation
Microsoft Corporation
Google LLC
VMware
Palo Alto Networks, Inc.
Juniper Networks, Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud network security reached USD 6.4 billion in 2023 and is set to witness 13% CAGR between 2024 and 2032, due to higher advancements in organization network infrastructure.

The firewall security type segment accounted for over 25% of the market share in 2023, driven by the increasing migration of applications and data to the cloud.

The public cloud deployment model segment held around 45% of the market share in 2023, owing to the rising adoption of AWS, Azure, and Google Cloud across organizations.

North America recorded over 30% of the market share in 2023, attributed to the high adoption of cloud technologies and the presence of numerous tech-driven enterprises in the region.