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Cloud Network Security Market Trends

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

Cloud Network Security Market Trends

The adoption of the Zero Trust model in the cloud network security industry is an emerging trend. This approach challenges the traditional notion of perimeter-based security and instills a principle of continuous verifications. It requires robust identity verification, stringent access controls, and a comprehensive understanding of user & device behavior. With the rising adoption of cloud services and remote work, the Zero Trust model is becoming crucial for mitigating insider & outsider threats, making it a prominent trend in cloud security.
 

The growing presence of IoT devices within cloud networks is also an emerging trend in the cloud network security market. IoT devices, due to their interconnected nature, present a multitude of entry points for cyberattacks. As more organizations leverage IoT for data collection & automation, the safeguarding of data & network integrity becomes paramount. This trend necessitates specialized security solutions to protect against IoT-related vulnerabilities, ensuring a resilient & secure cloud environment, particularly in industries such as healthcare, manufacturing, and smart infrastructure.

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.

Cloud Network Security Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 340
  • Countries covered: 20
  • Pages: 250
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