Market Forecasts and Industry Analysis Cloud Security Market Size is Expected to Reach US

Cloud Security Market Size Expected to Reach
USD 12.63 billion by 2024
“Emphasized by data breaches in recent years and
increasing threat of cybercrime and targeted
attacks, the demand for cloud security solutions is
estimated to increase over the forecast period.”
Progressing at a CAGR of 13.9% during the forecast period. Growing number of targeted
cyberattacks and increasing investments in cloud infrastructure are anticipated to trigger the growth
of the market.
Burgeoning popularity of cloud infrastructure owing to its benefits such as on-demand services,
scalability, flexibility, and cost effectiveness. In addition to tussle between public and private cloud,
emergence of hybrid cloud has given cloud users numerous platforms and frameworks to choose
from. As adoption of cloud is reaching new levels, security issues concerning cloud users and vendors
are also gradually mushrooming.
Emphasized by data breaches in recent years and increasing threat of cybercrime and targeted
attacks, the demand for cloud security solutions is estimated to increase over the forecast period. The
market is also projected to witness significant efforts by industry participants for creation of
regulations and compliance laws owing to growing need for industry-wide standards. Demand for
security services and policy implementation is also expected to increase, in turn driving the overall
cloud security market.
Complete Report Available @ https://www.radiantinsights.com/research/cloud-
security-market
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