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Cloud Workload Protection Market Size

Report ID: GMI7317
Published Date: Nov 2023
Report Format: PDF

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Cloud Workload Protection Market Size

Cloud Workload Protection Market size was valued at USD 5.1 billion in 2022 and is estimated to register a CAGR of over 24.5% between 2023 and 2032, attributed to the increasing incidences of cybersecurity threats. With the increasing reliance on the cloud, cyber threats have also evolved. According to the findings derived from a recent survey on cyber safety and cybercrime conducted by Statistics Netherlands (CBS), in 2022, approximately 15% of the Dutch population aged 15 and older, equivalent to 2.2 million individuals, reported experiencing one or more types of online criminal activities. The most common incidents involved scams and fraud, with hacking, online threats, and harassment following closely behind

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Attackers have become more sophisticated in targeting cloud workloads, making it crucial for organizations to invest in comprehensive protection solutions. Factors such as ransomware attacks, data breaches, and compliance requirements have pushed organizations to prioritize cloud workload security, further contributing to market growth.

Cloud Workload Protection Market Report Attributes
Report Attribute	Details
Base Year:	2022
Cloud Workload Protection Market Size in 2022:	USD 5.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	24.5%
2032 Value Projection:	USD 46.2 Billion
Historical Data for:	2018 - 2022
No. of Pages:	230
Tables, Charts & Figures:	350
Segments covered:	Component, Deployment, Enterprise Size, Industry Vertical
Growth Drivers:	Rising Cloud Adoption Increased Workload Complexity Rising Security Threats and Breaches
Pitfalls & Challenges:	High Cost of Implementation Skills Gap

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However, implementing cloud workload protection market can be complex and challenging for organizations, particularly if they have a mix of on-premises and cloud-based systems. Integrating security tools across various cloud platforms and ensuring they work seamlessly can be a barrier. The complexity of managing security policies and configurations in dynamic cloud environments can also limit adoption.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cloud workload protection reached USD 5.1 billion in 2022 and is set to expand at 24.5% CAGR from 2023 to 2032, due to the rising incidences of cybersecurity threats and the increasing reliance on cloud, cyber threat protections worldwide.

The solutions segment registered over USD 3.5 billion in 2022, attributed to the escalating cloud adoption and evolving cybersecurity landscape.

North America held over 33% of the market share in 2022, owing to the presence of robust and rapidly expanding cloud computing ecosystem in the region.

Sonrai Security, Orca Security, Fortinet, Inc., Amazon Web Services, Inc. (Dominates), Cisco Systems, Inc., Musarubra US LLC, Microsoft (Dominates), Trend Micro Incorporated, VMware, Inc., and Sophos Ltd. are some of the major cloud workload protection companies worldwide.