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.
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.
Browse and in-depth TOC on “Cloud Workload
Protection Market”
69 - Tables
31 - Figures
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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.
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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 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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