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.
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.
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
