Cloud Network Security Market Size - By Security Type (Firewall, Intrusion Detection & Prevention Systems, Access Control, Data Loss Prevention, Encryption), Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), Organization Size, Forecast 2024 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCloud Network Security Market Size
Cloud Network Security Market was valued at USD 6.4 billion in 2023 and is estimated to grow at a CAGR of more than 13% from 2024 to 2032. Developments in organization network infrastructure driving the market growth. With increased cloud adoption, the requirement for robust security rises. Advancements like artificial intelligence and machine learning make threat detection & response more advanced.
To obtain key market trends
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For example, Darktrace introduced Darktrace/Cloud in October 2023, a self-learning AI-based cybersecurity offering. It provides cloud structure visibility, real-time cloud threat detection, and actionable recommendations for misconfiguration management & compliance. When combined with other products from Darktrace, it increases the knowledge and contextualization of an organization's digital risk environment, hence improving security in general.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Cloud Network Security Market Size in 2023 | USD 6.4 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 13% |
| 2032 Value Projection | USD 19.3 Billion |
| Historical Data for | 2018 - 2023 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 340 |
| Segments covered | Security Type, Organization Size, Deployment Model, End-user |
| Growth Drivers |
|
| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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The increasing need for cloud network security among Small & Medium-sized Enterprises (SMEs) is driving the growth of the cloud network security market. SMEs are adopting cloud-based services for cost-effective scalability. Cloud-based service adoption is also giving rise to increased security issues. SMEs are looking for secure solutions that are specifically designed to meet their requirements, thus encouraging innovation and competition in the cloud security market.
For example, in October 2023, Arete launched a cloud security solution for Small & Medium-sized Businesses (SMBs). This solution is intended to actively prevent, detect, and respond to cyber threats, giving these businesses the critical protection & incident response capabilities to secure their digital assets and data.
The fast pace of evolution of cloud technologies poses a challenge in the market. New cloud professional services, architectures, and configurations appear regularly, and it is challenging to keep up with possible security vulnerabilities. Security solutions need to evolve quickly to keep up with these changes in order to be effective. In addition, heterogeneous cloud environments, multi-cloud deployments, and hybrid configurations require end-to-end protection, adding to the complexity of security management. The challenge is to create security strategies that are agile & scalable to effectively tackle this dynamic environment.
COVID-19 Impact
The cloud network security market suffered negatively as a result of the COVID-19 pandemic. Most cloud service providers and cybersecurity companies suffered supply chain disruptions as a result of the pandemic. This impacted the release of security patches and updates, thereby exposing cloud networks to known vulnerabilities. IT departments also suffered from resource shortages and disruption, which made security management more challenging. These aspects emphasized the requirement for more advanced cloud network security solutions to counter the burgeoning threats in the remote workplace environment of the pandemic.
Cloud Network Security Market Trends
Adoption of the Zero Trust model in the cloud network security market is a new trend. This style defies conventional thinking on perimeter-centered security and introduces a philosophy of constant verifications. It demands strong identity authentication, tight access controls, and thorough user & device behavior understanding. As cloud services and remote work adoption increase, the Zero Trust approach is becoming imperative to counter insider & outsider attacks, thus it is a key trend in cloud security.
Increased use of IoT devices in cloud networks is another trend in the cloud network security market. IoT devices, being networked, have a plethora of points for entry into systems by cyberattacks. With increasing organizations using IoT for data automation & collection, the protection of data & network integrity is of the utmost importance. This trend calls for cutting-edge security solutions to guard against IoT-associated vulnerabilities and maintain a secure & resilient cloud environment, especially in sectors like healthcare, manufacturing, and smart infrastructure.
Cloud Network Security Market Analysis
Find more about the major segments driving this market
In terms of security type, the firewall segment held 25% market share in 2023. Due to the growing application and data migration to the cloud, the need for reliable firewall solutions in virtual environments has grown exponentially. Cloud firewalls provide scalable & cloud-native security capabilities that can secure data & applications from unauthorized access & cyber attacks. For example, in May 2023, Aviatrix launched the Aviatrix Distributed Cloud Firewall, which allows users to improve cloud security and save costs. The solution offers strong security features while simplifying cloud network protection, providing cost-saving advantages for organizations looking to secure their cloud infrastructure.
Discover more about the dominant segments influencing this market
On the basis of deployment model, the public cloud segment accounted for more than 45% of the cloud network security market in 2023. With growing adoption of public cloud services like AWS, Azure, and Google Cloud by organizations, the importance of having effective security in place within these spaces has become essential. Public cloud security solutions provide features like data encryption, identity & access management, and threat detection to meet issues regarding data protection & compliance. As public cloud services are continually being adopted by companies, the market is projected to grow a lot as firms focus on protecting their cloud resources and operations.
Looking for region specific data?
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North America cloud network security market size recorded around 30% of the revenue share in 2023. This growth is attributed to the region's high adoption of cloud technologies and the presence of numerous tech-driven enterprises. For instance, in April 2023, Aviatrix introduced The Cloud Network, an online community catering to cloud networking & security professionals. This platform connects experts globally, offering a space for knowledge exchange and collaboration. It serves as a valuable resource for those seeking insights and interactions with peers in the field of cloud network security.
Stricter regulatory requirements and data privacy laws in North America are pushing organizations to invest in cloud network security to ensure compliance. Furthermore, the region's advanced cybersecurity awareness and the proliferation of cloud-based services are driving the demand for robust security solutions.
Cloud Network Security Market Share
Cisco Systems, Inc. and IBM Corporation are major companies in the cloud network security industry due to their extensive experience, global reach, and comprehensive security offerings. Cisco provides robust network security solutions including firewalls and VPNs. IBM offers a wide range of security services, leveraging AI and cloud capabilities. Their established reputation and innovation in cloud security make them prominent choices for organizations seeking reliable & end-to-end security solutions.
Cloud Network Security Market Companies
Major companies operating in the cloud network security industry are
- Cisco Systems, Inc.
- IBM Corporation
- Microsoft Corporation
- Google LLC
- VMware
- Palo Alto Networks, Inc.
- Juniper Networks, Inc.
Cloud Network Security Industry News
- In June 2023, Cisco launched an AI-first security cloud. This organization size prioritizes artificial intelligence for enhanced cybersecurity, ensuring proactive threat detection & response and bolstering network security measures to protect against evolving cyber threats.
The cloud network security market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Security Type
- Firewall
- Intrusion detection & prevention systems
- Access Control
- Data Loss Prevention
- Encryption
Market, By Deployment Model
- Private cloud
- Public cloud
- Hybrid cloud
Market, By Organization Size
- Large enterprises
- SMEs
Market, By End User
- IT & Telecom
- BFSI
- Healthcare
- Manufacturing
- Government
- Retail & E-commerce
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Southeast Asia
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- Saudi Arabia
- South Africa
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