Cloud Security Market Size, Share, Trends, Forecast, & Industry Analysis: 2023-2028

Cloud security Market Projected to Grow at a Steady Pace During 2023-2028

The cloud security market is projected to grow from USD 39.03 billion in 2022 to USD 84.77 billion by 2028 at a CAGR of  13.70% during the forecast period.
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Significant developments in mobility services and big data as well as the increasing necessity of cloud computing by enterprises are likely to augment the market growth.
With rising online breaches and technological attacks, security maintenance has gained popularity.

The companies have to consider certain precautions before the onset of cyber risk, which boosts the demand for cloud security during the review period.

Regional Analysis
The North American market held the highest market share in 2022 and is projected to grow at the fastest CAGR in the coming years. This is ascribed to the large presence of major players, robust internet infrastructure, and a rising shift to cloud-based services from remote infrastructure which bolsters the regional market growth during the review period.

Share - Cloud security Market Projected to Grow at a Steady Pace During 2023-2028