Cloud Application Security Market is expected to reach USD 131.21 Bn by 2030

(IT-NEWSWIRE.COM, August 10, 2024 ) As per Maximize Market research, the Cloud Application Security Market size is estimated to grow at a CAGR of 13.8 percent expected to reach USD 131.21 Bn by 2030

The report explores the Cloud Application Security market's segments Type, Interferometer Type, Application, End-User, and Region. This MMR report includes investor recommendations based on a thorough examination of the market's contemporary competitive scenario. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

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Cloud application security is the process of securing cloud-based software applications throughout the development lifecycle. The growing number of Internet of Things-based applications and rising adoption of BYOD policies within the enterprise are propelling the growth of cloud application security across the globe.

North American region held the largest market share accounting for 45%, in 2023 with the rate of internet penetration reaching up to 87%, the United States has become one of the best-connected countries in the world in online business and consumer traction. Asia Pacific region is expected to witness significant growth during the forecast period.

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Cloud Application Security Market Segmentation

by Component

Service

Solution

by Application

Banking, Financial Services, and Insurance (BFSI)

Government and defense

IT and telecom

Healthcare and life sciences

Manufacturing

Retail

Others

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by Organization size

Small and Medium-sized Enterprises (SMEs)

Large enterprises

Cloud Application Security Market Key Players:

Bitglass

CensorNet

CipherCloud

Netskope

Skyhigh Networks

Sophos Ltd.

HyTrust, Inc.

Twistlock Ltd.

McAfee, Inc.

Security Fortinet, Inc.

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Cloud Advertising Market size was valued at USD 4.45 Bn. in 2023 and the total Cloud Advertising revenue is expected to grow by 23.2 % from 2024 to 2030, reaching nearly USD 19.20 Bn.

Cloud Applications Market size was valued at USD 464.08 Bn. in 2023 and the total Cloud Applications revenue is expected to grow by 19.3% from 2024 to 2030, reaching nearly USD 1596.16 Bn.

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Cloud Application Security Market is expected to reach USD 131.21 Bn by 2030