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Hybrid Cloud Workload Security Market Segmentation by Organization Type (Small & Medium Enterprises, and Large Enterprises); and by End-User (BFSI, IT & Telecom, Manufacturing, Hospitality & Travel, Healthcare, and Others) – Global Demand Analysis and Opportunity Outlook 2029

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Extensive insights into the Growth of Hybrid Cloud Workload Security Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Hybrid Cloud Workload Security Market Highlights 2020-2029

The hybrid cloud workload security market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The growth in adoption of hybrid cloud workload security, along with the rising need to secure cloud workloads are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the increasing demand to control unidentified & unofficial workloads and the concerns related to privacy & safety of cloud technology. It is estimated that more than 72% of the global enterprises will shift to cloud storage from on-premise data centers, by 2022.

Hybrid-Cloud-Workload-Security-Market

The market is segmented on the basis of organization type into small & medium enterprises, and large enterprises, out of which, the large enterprises’ segment is anticipated to grab the largest share by the end of 2021 on account of their higher financial capabilities in adopting hybrid cloud workload security systems. Moreover, large enterprises have greater capital to raise data centers, which is also projected to contribute to the growth of the segment during the forecast period. 

On the basis of end-user, the BFSI segment in the global hybrid cloud workload security market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the increased adoption of hybrid cloud workload security technology by the BFSI sector and as a result, there is a considerable improvement in the security of the hybrid cloud workload in the segment.CLICK TO DOWNLOAD SAMPLE REPORT

Hybrid Cloud Workload Security Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the increase in automation and evolved technological requirements of enterprises in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the high adoption of cloud-based services, accompanied by the presence of leading technology providers in the region. Along with this, North America also leads in terms of better security compliance offerings by organizations, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the hybrid cloud workload security market on account of technological advancement and surge in demand for hybrid cloud workload security systems in the region. The European Commission, in 2020, had put forward a European Data Strategy whose aim is to support the European Union to become the most attractive, most safe, and most dynamic data-agile economy globally.

Hybrid-Cloud-Workload-Security-Market-Share

The global hybrid cloud workload security market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

The global hybrid cloud workload security market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global hybrid cloud workload security market includes the following segments:

By Organization Type

  • Small & Medium Enterprises
  • Large Enterprises

By End-User

  • BFSI
  • IT & Telecom
  • Manufacturing
  • Hospitality & Travel
  • Healthcare
  • Others

Growth Drivers

  • Growth in Adoption of Hybrid Cloud Workload Security
  • Rising Need to Secure Cloud Workloads

Challenges

  • Lack of Skilled Expertise Required to Handle Complex Cloud Workload Security
  • Lack of Awareness About Hybrid Cloud Workload Protection among Small Enterprises

Top Featured Companies Dominating the Market

  • Trend Micro
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Sysdiq
  • VMware
  • Cisco Systems
  • Symantec
  • McAfee
  • Tripwire
  • Palo Alto Networks
  • Check Point Software Technologies

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