According
to market research report "Cloud Workload
Protection Market by
Solution (Monitoring and Logging, Policy and Compliance Management, Threat
Detection Incident Response), Service, Deployment Model, Organizational Size,
Vertical, and Region - Global Forecast to 2023", The cloud workload protection market size is
expected to grow from USD 2.25 Billion in 2018 to USD 6.70 Billion by 2023, at
a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period.
Browse and
in-depth TOC on “Cloud Workload Protection Market”
69
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The demand for cloud workload protection is driven by various factors, such as the increasing adoption of the multi-cloud strategy among enterprises, centralized policy enforcement, simplified installation of distributed enterprise workloads, dire need to fortify enterprise workloads against unauthorized strikes, and seamless scalability and reduced operational costs.
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The monitoring and
logging segment is estimated to contribute the largest market share in 2018.
Among solutions,
the monitoring and logging segment is estimated to account for the largest
market size in 2018. The major factors driving the growth of this segment
include the benefit of gaining centralized visibility and control over
high-volume cloud workloads.
The hybrid cloud
segment is expected to grow at the highest CAGR during the forecast period.
The hybrid cloud
segment is expected to gain the highest traction in the cloud workload protection
market during the forecast period. This segment provides more control, reduced
risks, cost-efficiency, and better performance. Additionally, it provides an
ideal combination of public cloud and private cloud features, such as the
versatility and cost-effectiveness of the public cloud, and greater control and
security of the private cloud.
North America is expected
to contribute to the largest market share, whereas Asia Pacific is projected to
grow at the highest CAGR during the forecast period.
North America is expected
to account for the largest market share and dominate the cloud workload
protection market during the forecast period. The major growth drivers for this
region are the increasing need to prevent cyber threats, growing adoption of
cloud services, better security compliant offerings by vendors, and need for
enhanced control and visibility mechanisms.
The major vendors
providing cloud workload protection solutions and services are Bracket (US),
CloudPassage (US), Dome9 (US), Evident (US), GuardiCore (Israel), HyTrust (US),
LogRhythm (US), McAfee (US), Sophos (UK), Symantec (US), Trend Micro (Japan),
and Tripwire (US).
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