Stratview Research has published a new report titled “Cloud Security Market”. As per the study, the market was estimated to grow from USD 39.8 billion in 2020 to USD 87.2 billion by 2026 at a CAGR of over 14.2% during the forecast period.

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The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on organization size, the Cloud Security market has been classified into small and medium-sized enterprises (SMEs) and large enterprises. Under these, the large enterprise segment held a significant market share in 2020. Large enterprises have a large corporate network with a huge customer base. Most operations of large enterprises are based on cloud computing. Also, the growing number of data attacks coupled with the rising need for updating existing legacy security systems further bolsters segment growth.

Which Region is expected to remain the largest market?

By region, the North American market held the highest market share in 2020 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 bolsters the regional market growth during the review period.

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