The Europe Cloud Compliance Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
As is the case with compliance frameworks like the European Union General Data Protection Regulation (GDPR) or the California Privacy Rights Act, those requirements could be developed by a government organization (CPRA). They might also adhere to a standard set by the industry, such as the Payment Card Industry Data Security Standard (PCI DSS).
They might also be internal governance guidelines that a business sets up for itself. The regulatory frameworks that apply to a certain business depend on a variety of elements, including the jurisdiction in which it operates, the industry or sector in which it operates, and the number of consumers the firm serves.
For instance, regardless of the sector a company operates in or whether it has a physical presence in the European Union, the GDPR applies to most companies that process data belonging to or affiliated with people of the E.U. The PCI DSS standard, on the other hand, only applies to businesses that handle payments. A distinct set of guidelines is contained in each compliance framework.
Strong economic conditions, an increase in the number of SMEs and large businesses, and the growing importance of cloud services are a few of the major drivers driving the regional cloud compliance market's growth over the projection period. While greenfield operators can construct a fully cloud-native environment from the ground up, established operators must adapt their clouds to work with older network environments.
The Germany market dominated the Europe Cloud Compliance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,100.5 million by 2028. The UK market is anticipated to grow at a CAGR of 12.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14.4% during (2022 - 2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Application, the market is segmented into Audit & Compliance Management, Threat Detection & Remediation, Activity Monitoring & Analytics, Visibility & Risk Assessment, and Others. Based on Cloud Model, the market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Based on Component, the market is segmented into Software and Services (Professional Services and Managed Services). Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & Ecommerce, Government, Healthcare & Life Sciences, Utilities, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Compliance Market will Hit $64.3 Billion by 2028, at a CAGR of 14.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, Broadcom, Inc. (Symantec Corporation), Qualys, Inc., Check Point Software Technologies Ltd., AT&T Inc. (AT&T Intellectual Property), Palo Alto Networks, Inc., Sophos Group PLC (Thoma Bravo), and Nutanix, Inc.
By Organization Size
By Application
By Cloud Model
By Component
By Vertical
By Country
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