[127 Pages Report] The global cloud workload protection market accounted for USD 1.97 Billion in 2017 and is expected to reach to USD 6.70 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. Several factors, such as the increase in the adoption of multi-cloud strategy among enterprises, dire need to fortify enterprise workloads against unauthorized strikes, and centralized policy enforcement are expected to drive the growth of the market across the globe. The base year considered for this study is 2017, and the forecast period under consideration is 2018�2023.

Objectives of the Study:

To describe and forecast the global cloud workload protection market by component (solutions and services), deployment model, organization size, vertical, and region

To forecast the market size of the main regional segments, including North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

To analyze the market subsegments with respect to the individual growth trends, prospects, and contribution to the total market

To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape to the major players

To track and analyze competitive developments, such as acquisitions, new product developments, and partnerships and collaborations, in the market

The research methodology used to estimate and forecast the cloud workload protection market began with capturing data on the key vendor revenues through secondary research sources, such as Cloud Computing Association, Association for Financial Professionals (AFP), and Information Systems Security Association (ISSA). Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. Post arrival at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of the primary profiles is depicted in the figure below:

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Key Target Audience of Cloud Workload Protection Market:

Government agencies

Cybersecurity vendors

Network solution providers

Independent software vendors

Consulting firms

System integrators

Value-added Resellers (VARs)

Cloud Service Providers (CSPs)

Information Technology (IT) security agencies

Managed Security Service Providers (MSSPs)

The research study answers several questions for stakeholders, primarily which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report:

Report Metrics Details Market size available for years 2017�2023 Base year considered 2017 Forecast period 2018�2023 Forecast units Billion (USD) Segments covered Component (Solutions and Services), Deployment Model, Organization Size, Vertical, and Region Geographies covered North America, Europe, APAC, MEA, and Latin America Companies covered Bracket (US), CloudPassage (US), Dome9 (US), Evident (US), GuardiCore (Israel), HyTrust (US), LogRhythm (US), McAfee (US), Sophos (UK), Symantec (US), Trend Micro (Japan), and Tripwire (US)

The research report categorizes the cloud workload protection market to forecast the revenue and analyze the trends in each of the following submarkets:

Cloud Workload Protection Market By Solution:

Monitoring and logging

Policy and compliance management

Vulnerability assessment

Threat detection and incident response

Others (encryption, tokenization, and key management)

By Service:

Training, consulting, and integration

Support and maintenance

Managed services

By Deployment Model:

Public cloud

Private cloud

Hybrid cloud

By Organizational Size:

Small and Medium-sized Enterprises (SMEs)

Large enterprises

By Vertical:

Banking, Financial Services, and Insurance (BFSI)

Healthcare and life sciences

IT and telecommunications

Retail and consumer goods

Manufacturing

Government and public sector

Media and entertainment

Energy and utilities

Others (education, and transportation and logistics)

Cloud Workload Protection Market By Region:

North America

Europe

MEA

APAC

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customization as per the company's specific requirements. The following customization options are available for the report:

Geographic Analysis

Further country-level breakdown of the North American Market

Further country-level breakdown of the European Market

Further country-level breakdown of the APAC Market

Further country-level breakdown of the MEA Market

Further country-level breakdown of the Latin American Market

Company Information

Detailed analysis and profiles of additional market players (up to 5)

The cloud workload protection market size is expected to grow from USD 2.25 Billion in 2018 to USD 6.70 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. The major drivers of this market include the growing adoption of the multi-cloud strategy, increasing need to fortify the enterprise network against unauthorized and unprecedented strikes, centralized policy management, and simplified installation for distributed enterprise networks.

The cloud workload protection market report has been broadly classified on the basis of solutions into monitoring and logging, policy and compliance management, vulnerability assessment, threat detection and incident response, and others (tokenization, encryption, and key management). On the basis of services, the market has been classified into training, consulting, and integration; support and maintenance; and managed services. By deployment model, the market has been categorized into public cloud, private cloud, and hybrid cloud. On the basis of verticals, the market has been divided into Banking, Financial Services, and Insurance (BFSI), healthcare and life sciences, IT and telecommunications, retail and consumer goods, manufacturing, government and public sector, media and entertainment, energy and utilities, others (education, and transportation and logistics). By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The policy and compliance management segment is expected to grow at the fastest rate during the forecast period. The key reason for the high growth is an efficient policy management that enables the segmentation requirements for compliance with various regulations, including General Data Protection Regulation (GDPR), Payment Card Industry Data Security Standard (PCI DSS), and Health Insurance Portability and Accountability Act (HIPAA), and Revised Payment Services Directive (PSD2).

The public cloud segment is estimated to account for the largest market share in 2018 and is expected to grow at a significant rate during the forecast period. The major reason for the high adoption of the public cloud is its ease of access and faster deployment. This segment offers various benefits, such as scalability, reliability, flexibility, and remote location access to enterprises.

APAC is expected to witness the highest CAGR during the forecast period. The increasing adoption of cloud workload protection solutions and services, and advanced cybersecurity attacks are expected to be the major driving factors for the growth of the cloud workload protection market in this region. The increased Information and Communications Technology (ICT) expenditure in the government infrastructure, cloud protection initiatives, and the need to prevent unauthorized access to networks are some of the factors that have contributed to the growth of the market in the APAC region. The need to adhere to different regulatory compliances and lack of technical expertise among the enterprise staff are some of the major restraints and challenges in the market.

Some of the key vendors in the cloud workload protection market are Bracket (US), CloudPassage (US), Dome9 (US), Evident (US), GuardiCore (Israel), HyTrust (US), LogRhythm (US), McAfee (US), Sophos (UK), Symantec (US), Trend Micro (Japan), and Tripwire (US). These players have adopted various strategies, such as new product launches, acquisitions, and partnerships to cater to enterprises in the market.

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