Global Cloud Assurance Market – Industry Trends and Forecast to 2030

Global Cloud Assurance Market, By Security Type ((Network, Content, End-Point, Wireless, Application, Encryption, Database, Email & Web, Identity and Access Management (IAM), Data Loss Prevention), Component (Solution, Services), Organization Size (Small and Medium Enterprise, Large Enterprise), Deployment (Private, Public, Hybrid), End User Industry (Retail, Government Agencies, Healthcare, Banking, Financial Services and Insurance (BFSI), IT and Telecom, Manufacturing) – Industry Trends and Forecast to 2030.

Cloud Assurance Market Analysis and Size

The global cloud assurance market is expected to witness significant growth on account of growing number of cyber-crime-related activities all over the globe. Increasing concern among organizations regarding network breaches and data threats will likely enhance the market growth. Now, various organizations are focusing on reducing the risks involved in data lifecycle and increasing reliability and accountability. Hence, the investment by various organizations in cloud infrastructure increases, contributing to market growth.         

Data Bridge Market Research analyses that the cloud assurance market is expected to reach USD 39.42 billion by 2030, which is USD 11.69 billion in 2022, at a CAGR of 16.40% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Cloud Assurance Market Scope and Segmentation

Market Definition

Cloud assurance are taking care of data and information leakage and prevent the data from mishandling. The cloud assurance are providing actionable intelligence to cater with the source problems. It provides real-time network visibility and manages the storage system workload between the subsystems. In order to prevent the data from theft, the need of cloud assurance is likely to increase across the globe because of increasing their trust on management and protection of data to secure computing environment.

Global Cloud Assurance Market

Drivers

• Increasing number of cyber-attacks in both small and large organizations

Increasing number of cyber-attacks is encouraging large number of both small and large organizations to deploy various cyber security tools and security management services such as cloud based services to protect important documents and data. As a result of this, the demand for the cloud assurance increases which is expected to act as a major factor for the growth of the growth during the forecast period.

• Rising adoption of cloud-based services among various organizations

Rising adoption of cloud-based services by various organizations such as retail, government agencies, healthcare, banking, financial services and insurance (BFSI), it and telecom is increasing the chances of data thefts and network breaches  which is anticipated to surge the demand for the cloud assurance. As a result, the market is expected to grow during the forecast period

Opportunities

• Growing penetration of smartphones and internet

The growing penetration of smartphones and the internet across the globe is offering the benefit of cloud storage of data which progressively demand security and safety of information and data from cyber-attacks. Cloud assurance helps for saving important data on cloud from cyber-attacks. For instance, as per the report of World Bank, 43 percent of the world population used internet in 2015 which increased to 45.7 percent in 2016. Thus, the growing penetration of smartphones and internet will generate lucrative opportunities for the market growth.

• Increasing popularity of big data technologies

Various firms are investing in IoT, artificial intelligence, big data, and 5G technologies to get important business insights for decision-making. Big data technologies are becoming more popular globally because of their various benefits, such as data segmentation, data integration, and business intelligence. The increasing need for big data technologies and analytics in cloud computing services is creating plenty of new chances for the cloud assurance market to expand during the forecast period.

Restraints

• Dearth of awareness regarding various cloud-based security services

The dearth of awareness regarding the availability of many cloud-based security services which are available in the market is anticipated to hamper the growth of the cloud assurance market during forecast period. Inadequate knowledge among small organizations about cloud assurance in the developing nations is anticipated to hinder the growth opportunities for the market players in the cloud assurance market.

This cloud assurance market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cloud assurance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Cloud Assurance Market Scope

The cloud assurance market is segmented on the basis of security type, component, organization size, deployment and end user industry . The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Security Type

• Network
• Content
• End-Point
• Wireless
• Application
• Encryption
• Database
• Email & Web
• Identity and Access Management (IAM)
• Data Loss Prevention

Component

• Solution
• IAM (Identity and Access Management)
• Encryption
• DLP (Data Loss Protection)
• Antivirus and Anti-Malware Intrusion Prevention System
• Risk and Compliance Management
• Firewall Unifies
• Threat Management System
• Web Filtering
• Services
• Consulting
• Design and Integration
• Managed Security Service
• Training and Education

Organization Size

• Small and Medium Enterprise
• Large Enterprise

 Deployment

• Private
• Public
• Hybrid

 End User Industry

• Retail
• Government Agencies
• Healthcare
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Manufacturing

Cloud Assurance Market Regional Analysis/Insights

The cloud assurance market is analyzed and market size insights and trends are provided by country, security type, component, organization size, deployment and end user industry as referenced above.

The countries covered in the cloud assurance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cloud assurance market owing to the increasing preferences of cloud based security applications among various organizations in this region. Furthermore, increasing penetration of internet and smartphones will further boost the market growth in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 because of increasing number of data attacks and cyber threats in various organizations of this region. Furthermore, rapid pace in urbanization in IT sector will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cloud Assurance Market Share Analysis

The cloud assurance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cloud assurance market.

Some of the major players operating in the cloud assurance market are:

• Infosys Limited (India)
• Cisco Systems, Inc (U.S.)
• IBM (U.S.)
• mycom-osi (U.K.)
• NETSCOUT (U.S.)
• EFORTRESSES. (U.S.)
• Capgemini (France)
• Deloitte (U.K.)
• Fortinet Inc. (U.S.)
• Broadcom Inc, (U.S.)
• Intel Corporation (U.S.)
• Microsoft (U.S.)
• Hewlett Packard Enterprise Development LP (U.S.)
• Trend Micro Incorporated (U.S.)
• McAfee, LLC (U.S.)
• Wipro Limited (India)
• Dell Inc (U.S.)
• Okta (U.S.)