North America Multi-cloud Security Market Size, Share & Industry Trends Analysis Report By Offering, By Application, By Cloud Model, By Organization Size (Large Enterprises and Small & Medium Enterprises), By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Multi-cloud Security Market would witness market growth of 16.6% CAGR during the forecast period (2022-2028).
Cyberattacks can have catastrophic impacts on the company and frequently necessitate costly repairs and recovery. By securing the multi-cloud infrastructure, the business can better safeguard its company from the expensive fallout that follows cyberattacks. Multi-cloud security also provides centralized visibility. The company can control the security of all of its cloud deployments from one place with an apt multi-cloud security solution. Users can monitor user access, evaluate any risks associated with data or application exposure, and view the status of their apps owing to multi-cloud security.
Obstacles to compliance and visibility issues across cloud systems are problems for organizations. Therefore, managing multi-cloud setups requires a centralized cloud security tool. The business may manage multi-cloud environments exactly like a single-cloud environment with the help of a multi-cloud management platform. This may provide greater visibility and control over cloud resources. Additionally, multi-cloud management solutions offer the company helpful analytics and AI features.
In recent years, the region has seen an increase in digitalization. Organizations are moving their systems from on-premises environments to cloud infrastructure at an increasing rate. As a result, organizations now face a higher risk of cyberattacks due to the region's growing digitalization. Organizations have used multi-cloud security solutions as a result of this reason. Additionally, several companies oversee the multi-cloud security market's operations. In order to satisfy the demands of the US industry, federal agencies, and the general public, the National Institute of Standards and Technology (NIST) creates cybersecurity standards, guidelines, best practices, and other tools. Its efforts range from generating precise knowledge that businesses may use right now to longer-term analyses that foresee technological advancements and upcoming difficulties. This supports the growth of the regional market.
The US market dominated the North America Multi-cloud Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,175.7 million by 2028. The Canada market is poised to grow at a CAGR of 19.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18.2% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Network Security, Application Security and Endpoint & IoT Security. Based on Cloud Model, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Healthcare, Telecommunications, Retail & Ecommerce, Media & Entertainment, Manufacturing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Multi-cloud Security Market is Predict to reach $12.6 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, VMware, Inc., Rackspace Technology, Inc., Check Point Software Technologies Ltd., Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, BMC Software, Inc. (KKR & Co., Inc.), Proofpoint, Inc., Aqua Security Software Ltd., and Imperva, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Network Security
- Application Security
- Endpoint & IoT Security
By Cloud Model
- Infrastructure as a Service
- Platform as a Service
- Software as a Service
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- IT & ITeS
- Retail & Ecommerce
- Media & Entertainment
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- VMware, Inc.
- Rackspace Technology, Inc.
- Check Point Software Technologies Ltd.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- IBM Corporation
- BMC Software, Inc. (KKR & Co., Inc.)
- Proofpoint, Inc.
- Aqua Security Software Ltd.
- Imperva, Inc.
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