Market Overview

The research that has been done so far on the cloud application security market growth seems to be showing a good response and is likely to grow in its forecast timeline which is expected till 2030 with a CAGR of 15.20%. The market of cloud application security takes responsibility for the organizations along with some important assets in the data from any kind of cybercrime. That is why they are considered to be crucial means for companies. However, as the option of working from home has increased quite a lot, there seem to be more challenges in terms of security for the companies that have been coming up as well. These days the system is used in different verticals such as insurance, banking, IT, government, financial services and defence along with healthcare to name some.

Due to the covid breakdown, there have been quite a several situations that must have come across. The regulatory bodies along with the government have made it compulsory to organize and develop some new practices because of the remote working which is carried out in many companies. Due to this, the way business works has also changed to a great extent. At times, with the increase in the BYOD devices and also the internet penetration to name some. Cloud security also ensures the companies are protected against any kind of threats. Considering this, many companies even during the pandemic crises have invested in Cloud Application Security solutions.

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Market Segmentation

The segmentation of the cloud application security is done as per

• Component
• Vertical
• Organization size

As per the component, it is further divided into

Services: This further is divided into training and education and consulting services.

Solutions- This further is divided into data protection, application discovery, analytics and threat protection to name some. Further, the section on application discovery is categorized into risk assessment and cloud application database while the section on reporting and analytics is categorized into cloud use analysts, log management and anomaly detection. There is also a segment of threat protection which is categorized into event management, detection and prevention, and security information.

As per the organization size, it is further divided into

• Medium-sized enterprises
• Large enterprises

As per the industry vertical, it is further divided into

• Government and defence
• Healthcare
• Retail
• BFSI
• I.T. and telecom
• Others

Regional Classification

The market for cloud application security is categorized into different regions which include Asia Pacific, North America and Europe. Out of this, North America is the leading market with a good share while there is also the dominance of the region contractors as per the increasing demand because of the increase in cloud security infrastructure. Further Europe is likely to witness some fast-growing market size in the upcoming forecast timeline while Asia pacific is the emerging market that is likely to reach a good CAGR in the coming years.

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Industry News

In the year 2020, Microsoft Cloud was launched by Microsoft Company for assisting in Covid 19 issues. It also has some great platforms to manage the staff in a systematic way which include the dynamic Azure cloud platform and Microsoft 365 to name some.

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