Global Cloud Assurance Market Size, Trends, and Growth Opportunity, By Security Type ((Network, Content, End-Point, Wireless, Application, Encryption, Database, Email & Web, Identity and Access Management (IAM), Data Loss Prevention), Organization Size (Small and Medium Enterprise, Large Enterprise), Deployment (Private, Public, Hybrid), Component (Solution, Services), End User Industry (Retail, Government Agencies, Healthcare, Banking, Financial Services and Insurance (BFSI), IT and Telecom, Manufacturing) By Region and forecast till 2030.
Global Cloud Assurance Market
Global Cloud Assurance Market was valued at USD 11.77 Billion in 2022 and is slated to reach USD 39.63 Billion by 2030 at a CAGR of 16.38 % from 2023-2030.
Data and information leakage are being handled via cloud assurance, which also guards against data handling errors. Actionable intelligence is being provided by cloud assurance to address the root issues. It handles the burden on the storage system across the subsystems and offers real-time network insight. Due to people's growing confidence in the management and protection of their data in secure computing environments, there will likely be an increase in the need for cloud assurance globally.
Market Drivers
A large number of businesses, both small and large, are using various cyber security tools and security management services, like cloud-based services, to protect crucial documents and data as a result of the rise in cyberattacks. Due to this, there is an increase in demand for cloud assurance, which is predicted to have a significant impact on growth during the forecast period. The growing prevalence of cloud-based services across a range of industries, including retail, government, healthcare, banking, financial services and insurance (BFSI), it, and telecom, is raising the risk of data breaches and network theft, which is expected to drive up demand for cloud assurance. Consequently, during the forecast period, the market is anticipated to expand.
Market Restraints
The expansion of the cloud assurance market is likely to be constrained during the forecast period by the lack of awareness regarding the availability of numerous cloud-based security services. It is projected that inadequate awareness of cloud assurance among small businesses in underdeveloped countries will limit the potential for market participants to grow.
Impact of COVID-19
According to estimates, well-established major businesses will continue to use cloud service assurance among cloud computing services to improve operations monitoring and problem-solving related to performance. National governments all over the world may be responsible for this procurement due to their implementation of widespread lockdowns. Small and midsize businesses with limited IT resources are anticipated to increase their investments in standalone cloud computing tools and features to address infrastructure problems brought on by off-site operations. Spending on enterprise software is likely to rise as the demand for emerging and popular technologies is predicted to grow by about 15% during the forecast period.
Recent Developments
To offer its ROC RA platform and extend the collaboration for a further five years, Subex collaborated with Jawwal, an MNO with headquarters in Palestine, in January 2020. Through the partnership, the ROC revenue assurance platform will be implemented, allowing Jawwal to cover its freshly released digital services while also maximizing income streams and lowering risks.
Market Segmentation
Global Cloud Assurance Market is segmented By Security Type, Organization Size, Deployment, Component, and End User Industry. By Security Types such as Network, Content, End-Point, Wireless, Application, Encryption, Database, Email & Web, Identity and Access Management (IAM), and Data Loss Prevention. By Organization Size such as Small and Medium Enterprise, Large Enterprises. By Deployments such as Private, Public, and Hybrid. By Components such as Solutions, Services. By End User Industries such as Retail, Government Agencies, Healthcare, Banking, Financial Services and Insurance (BFSI), IT and Telecom, and Manufacturing.
Regional Analysis
Global Cloud Assurance Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the increasing preference for cloud-based security applications among numerous organizations in this region, North America currently holds a dominant position in the global market for cloud assurance. The market growth in this region will also be boosted by the rising internet and smartphone penetration rates. Throughout the forecast period of 2023–2030, Asia–Pacific will continue to project the greatest compound annual growth rate due to the rising amount of data breaches and cyber threats in this region's businesses. Also, the rising rate of urbanization in the IT sector will support the expansion of the market in this area.
Key Players
This report includes a list of numerous Key Players, namely Infosys Limited (India), Cisco Systems, Inc (U.S.), IBM (U.S.), mycom-osi (U.K.), McAfee, LLC (U.S.), Wipro Limited (India), Dell Inc (U.S.), Okta (U.S.), EFORTRESSES. (U.S.), Capgemini (France).
Market Taxonomy
By Security Type
• Network
• Content
• End-Point
• Wireless
• Application
• Encryption
• Database
• Email & Web
• Identity and Access Management (IAM)
• Data Loss Prevention
By Component
• Solution
• IAM (Identity and Access Management)
• Encryption
• DLP (Data Loss Protection)
• Antivirus and Anti-Malware Intrusion Prevention System
• Risk and Compliance Management
• Firewall Unifies
• Threat Management System
• Web Filtering
• Services
• Consulting
• Design and Integration
• Managed Security Service
• Training and Education
By Organization Size
• Small and Medium Enterprise
• Large Enterprise
By Deployment
• Private
• Public
• Hybrid
By End User Industry
• Retail
• Government Agencies
• Healthcare
• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Manufacturing
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Cloud Assurance Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cloud Assurance Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cloud Assurance Market, By Security Type
5.1 Y-o-Y Growth Comparison, By Security Type
5.2 Global Cloud Assurance Market Share Analysis, By Security Type
5.3 Global Cloud Assurance Market Size and Forecast, By Security Type
5.3.1 Network
5.3.2 Content
5.3.3 End-Point
5.3.4 Wireless
5.3.5 Application
5.3.6 Encryption
5.3.7 Database
5.3.8 Email & Web
5.3.9 Identity and Access Management (IAM)
5.3.10 Data Loss Prevention
6 Global Cloud Assurance Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Cloud Assurance Market Share Analysis, By Component
6.3 Global Cloud Assurance Market Size and Forecast, By Component
6.3.1 Solution
6.3.2 IAM (Identity and Access Management)
6.3.3 Encryption
6.3.4 DLP (Data Loss Protection)
6.3.5 Antivirus and Anti-Malware Intrusion Prevention System
6.3.6 Risk and Compliance Management
6.3.7 Firewall Unifies
6.3.8 Threat Management System
6.3.9 Web Filtering
6.3.10 Services
6.3.11Consulting
6.3.12 Design and Integration
6.3.13 Managed Security Service
6.3.14 Training and Education
7 Global Cloud Assurance Market, By Organization Size
7.1 Y-o-Y Growth Comparison, By Organization Size
7.2 Global Cloud Assurance Market Share Analysis, By Organization Size
7.3 Global Cloud Assurance Market Size and Forecast, By Organization Size
7.3.1 Small and Medium Enterprise
7.3.2 Large Enterprise
8Global Cloud Assurance Market, By Deployment
8.1 Y-o-Y Growth Comparison, By Deployment
8.2 Global Cloud Assurance Market Share Analysis, By Deployment
8.3 Global Cloud Assurance Market Size and Forecast, By Deployment
8.3.1 Private
8.3.2 Public
8.3.3 Hybrid
9Global Cloud Assurance Market, By End User Industry
9.1 Y-o-Y Growth Comparison, By End User Industry
9.2 Global Cloud Assurance Market Share Analysis, By End User Industry
9.3 Global Cloud Assurance Market Size and Forecast, By End User Industry
9.3.1 Retail
9.3.2 Government Agencies
9.3.3 Healthcare
9.3.4 Banking, Financial Services and Insurance (BFSI)
9.3.5 IT and Telecom
9.3.6 Manufacturing
10 Global Cloud Assurance Market, By Region
10.1 Global Cloud Assurance Market Share Analysis, By Region
10.2 Global Cloud Assurance Market Share Analysis, By Region
10.3 Global Cloud Assurance Market Size and Forecast, By Region
11 North America Cloud Assurance Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Cloud Assurance Market Share Analysis, By Security Type
11.3 North America Cloud Assurance Market Size and Forecast, By Component
11.4 North America Cloud Assurance Market Size and Forecast, By Organization Size
11.5 North America Cloud Assurance Market Size and Forecast, By Deployment
11.6 North America Cloud Assurance Market Size and Forecast, By End User Industry
11.7 North America Cloud Assurance Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Cloud Assurance Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Cloud Assurance Market Share Analysis, By Security Type
12.3 Europe Cloud Assurance Market Size and Forecast, By Component
12.4 Europe Cloud Assurance Market Size and Forecast, By Organization Size
12.5 Europe Cloud Assurance Market Size and Forecast, By Deployment
12.6 Europe Cloud Assurance Market Size and Forecast, By End User Industry
12.7 Europe Cloud Assurance Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13Asia Pacific Cloud Assurance Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Cloud Assurance Market Share Analysis, By Security Type
13.3 Asia Pacific Cloud Assurance Market Size and Forecast, By Component
13.4 Asia Pacific Cloud Assurance Market Size and Forecast, By Organization Size
12.5 Europe Cloud Assurance Market Size and Forecast, By Deployment
12.6 Europe Cloud Assurance Market Size and Forecast, By End User Industry
13.7 Asia Pacific Cloud Assurance Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.8.3 India
13.8.4. Rest of Asia Pacific
14Latin America Cloud Assurance Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Cloud Assurance Market Share Analysis, By Security Type
14.3 Latin America Cloud Assurance Market Size and Forecast, By Component
14.4 Latin America Cloud Assurance Market Size and Forecast, By Organization Size
14.5 Latin America Cloud Assurance Market Size and Forecast, By Deployment
14.6 Latin America Cloud Assurance Market Size and Forecast, By End User Industry
14.7 Latin America Cloud Assurance Market Size and Forecast, Country
14.7.1. Brazil
14.7.2.Rest of Latin America
15Middle East Cloud Assurance Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Cloud Assurance Market Share Analysis, By Security Type
15.3 Middle East Cloud Assurance Market Size and Forecast, By Component
15.4 Middle East Cloud Assurance Market Size and Forecast, By Organization Size
15.5 Middle East Cloud Assurance Market Size and Forecast, By Deployment
15.6 Middle East Cloud Assurance Market Size and Forecast, By End User Industry
15.7 Middle East Cloud Assurance Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Infosys Limited (India)
17.1.1 Overview
17.1.2 Types
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Cisco Systems, Inc (U.S.)
17.2.1 Overview
17.2.2 Types
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. IBM (U.S.)
17.3.1 Overview
17.3.2 Types
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 mycom-osi (U.K.)
17.4.1 Overview
17.4.2 Types
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 McAfee, LLC (U.S.)
17.5.1 Overview
17.5.2 Types
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Wipro Limited (India)
17.6.1 Overview
17.6.2 Types
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Dell Inc (U.S.)
17.7.1 Overview
17.7.2 Types
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Okta (U.S.)
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 EFORTRESSES. (U.S.)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Capgemini (France)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
