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The North America Cloud Security Market would witness market growth of 12.2% CAGR during the forecast period (2021-2027).
Increasing sophistication of cybercrime, cyber espionage activities, and the production of new cyberattacks, as well as an increase in the usage of cloud-based solutions and an increase in BYOD and CYOD trends, are all driving adoption for cloud security. Furthermore, growing government attempts to assist smart infrastructure projects, as well as safeguarding online financial apps, social media, and operating systems, would present attractive prospects for cloud security suppliers.
Early in the development cycle, organisations that have adopted the largely automated DevOps CI/CD culture must confirm that proper security measures are defined and integrated in code and templates. After a workload has been put in production, security-related modifications might compromise the organization's security posture and extend time to market.
North America was one of the first to adopt cloud-based networks. The North America region is generating the most income due to a lack of resources to build in-house facilities and an increase in the usage of BYOD. The original use of cloud computing was largely motivated by financial considerations, such as reduced capital expenses.
Many businesses have had to adjust their procedures and practises in order to keep their employees safe throughout COVID-19. The inability to shift the staff and manage HR as efficiently as before was the primary cause of the business interruption. Businesses have been compelled to adjust their existing ways of operating and re-evaluate operational decisions due to their incapacity to travel and cross borders, as well as social isolation.
The ability to deploy new apps faster, as well as a reduction in CapEx investment and IT administration complexity, are the key drivers for cloud adoption. These characteristics are assisting businesses in their adoption of cloud-based technologies. Thousands of clients can share the same resources using today's multi-tenant cloud platform services. As a consequence, a significant amount of labour and associated costs were saved.
The US market dominated the North America Cloud Security Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $22.8 billion by 2027. The Canada market is anticipated to grow at a CAGR of 14.7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 13.7% during (2021 - 2027).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare, Retail & eCommerce, Government & Defense, Utilities, Manufacturing, and Others. Based on Application, the market is segmented into Email & Web Security, Cloud Identity & Access Management, Data Encryption & Prevention, Threat Intelligence, Monitoring & Protection, and Others. Based on Service Model, the market is segmented into Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). Based on Security Type, the market is segmented into Network Security, Endpoint Security, Perimeter Security, Application Security and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cloud Security Market is Estimated to reach $86 Billion by 2027, at a CAGR of 13.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include McAfee Corp., IBM Corporation, Microsoft Corporation, Google LLC, Amazon Web Services, Inc., Cisco Systems, Inc., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Sophos Group PLC (Thoma Bravo), and Trend Micro, Inc.
By Organization Size
By Service Model
By Security Type
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