Cloud Security Statistics: Cloud computing can bring many benefits to companies. However, they are also susceptible to being ruined because of the inability to ensure the proper security of information and privacy protections when using cloud computing. This in turn results in higher costs and potential losses to businesses. We will explore more details regarding Cloud Security Statistics in this report. Cloud adoption has risen dramatically over the last few years. Although many organizations were already in the cloud the COVID-19 outbreak has helped accelerate this transition. With the widespread use of remote work, organizations are required to provide support and essential services to their remote workforce. In the end, more than 90% of companies employ some form of cloud-based infrastructure. In addition, more than three-quarters (76 percent) are using multi-cloud deployments made up of at least two cloud service providers. These cloud environments host crucial applications for business and also protect sensitive customer and company information. With the shift to cloud computing comes an increased necessity to collect Cloud Security Statistics. Cloud-hosted applications need to be secured against attacks and cloud-hosted information must be secured against unauthorized access as per the applicable laws. Cloud environments are in a significant way from the on-prem infrastructure this means that the traditional security tools and methods don't always work when working in the cloud. In the end, many companies are confronted with major issues when it comes to securing their cloud-based infrastructure. Editor’s Choice 60% of global corporate data are stored on the cloud. 94% of businesses globally use one or more cloud computing services. It is estimated that the global Cloud Security Statistics market is projected to expand from $480 billion in 2022 to $2.297 trillion by 2032. With 32 percent, Amazon AWS owns the largest market share in cloud computing. 39% of businesses said they've been the victim of data breaches in their cloud environments. The amount of public money spent on cloud computing services is forecast to hit $597.3 billion by 2023. This will increase by 21.7 percent. 92% of companies have embraced a multi-cloud strategy. The market for cloud-based technology is predicted to reach $ 864 billion in 2025. It is expected to grow at an annual rate of 12.8 percent per year. Global storage of data will be greater than 200 Zettabytes of data by 2025. In 2025, more than 100 zettabytes of data are expected to remain in cloud storage. (Cloudwards) 89% of businesses have a multi-cloud strategy. (Flexera) 71 percent of Americans use cloud storage such as Dropbox as well as iCloud. (Statista) 48% of data from companies is stored in the cloud. (Panda Security) The market for cloud computing by 2020 is $371.4 billion. (Globe Newswire) Spending by end-users worldwide on public cloud services is expected to increase by 23.1 percent in 2021. (Gartner) With 83% of cloud users, security is the most frequent issue in cloud adoption. (Cloudwards) 52% of businesses want cloud-based solutions that include security tools. (Cloudwards)

In 2024, the most common security incident worldwide both in the cloud and on-premises remained phishing, with 73 and 74 percent of respondents stating that their company dealt with this type of attack, respectively. Moreover, the share of respondents struggling with user account compromise attacks in the cloud reached 38 percent, compared to 34 percent on-premises.

According to a 2024 survey of cybersecurity professionals worldwide, over 60 percent of respondents stated that their company had experienced a security incident related to public cloud usage in the past 12 months. Only 16 percent of respondents declared not having experienced such incidents in the past year.

In 2024, 37 percent of respondents in a global survey reported that the main risk to data security in the cloud was external actors, such as hackers. Other risk factors included companies' own business employees and IT staff.

Cloud Security Market size was valued at USD 39.5 Billion in 2023 and is poised to grow from USD 46.57 Billion in 2024 to USD 173.84 Billion by 2032, growing at a CAGR of 17.9% during the forecast period (2025-2032).

In 2023, the number of data compromises in the United States stood at 3,205 cases. Meanwhile, over 353 million individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2022, healthcare, financial services, and manufacturing were the three industry sectors that recorded most data breaches. The number of healthcare data breaches in the United States has gradually increased within the past few years. In the financial sector, data compromises increased almost twice between 2020 and 2022, while manufacturing saw an increase of more than three times in data compromise incidents. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

According to Cognitive Market Research, the Global Information Security Consulting Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

The Asia-Pacific region has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
North America is the fastest growing with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Cloud Security has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The cloud segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
Large Enterprise has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The BFSI segment has the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Market Dynamics

Key drivers

The increasing number of cyber-attacks globally is favoring market growth

Strong security solutions are in more demand as a result of the growing anxiety that cyber assaults are causing among both individuals and enterprises. Any hostile action directed towards computer networks, infrastructures, personal computers, smartphones, or computer information systems is called a cyberattack. Because of this and the need for more stringent security and regulatory compliance, the information security consulting industry is growing quickly. For instance, according to McKinsey and company, cyberattacks are on track to cause $10.5 trillion a year in damage by 2025. That’s a 300 percent increase from 2015 levels. To protect against the onslaught, organizations around the world spent around $150 billion on cybersecurity in 2021, and this sum is growing by 12.4 percent a year. In all industries combined, the average cost of a single data breach as of 2022 was approximately 4.35 million US dollars. The healthcare industry was shown to be the most expensive for this, with each leak estimated to have cost the impacted party a whopping 10.1 million dollars. The segment on finances was closely followed. The Cam4 data breach in March 2020, which revealed over 10 billion data records, was the largest known data leak as of January 2024. The Yahoo data breach, which happened in 2013, is currently the second-largest data breach in history. To compact these increasing data breaches and cybercrimes, many company solutions have been in development and adopted. Cloud migration will remain a key component of many organizations' technological agendas. For this reason, cloud providers must be able to safeguard both standard and customized cloud configurations. Furthermore, there is a sharp rise in the demand for cyber security in the fields of healthcare, banking and financial services, aviation, and automobiles. Some of the main factors driving the demand for technologically advanced information security solutions among businesses are the emergence of IoT and connected technologies, the quick adoption of smartphones for digital payments, and the use of unsecured networks for accessing organizational servers. Therefore, the market is expected to grow significantly in the coming years.

(Source-http://https://www.statista.com/statistics/290525/cyber-crime-biggest-online-data-breachesworldwide/#:~:text=The%20largest%20reported%20data%20leakage,data%20breach%2C%20occurred%20in%202013.)

The rise in the number of regulations and developments has favoured the market growth

As cyber risks continue to grow, information security has become a key concern for both individuals and enterprises. The laws and regulatory requirements that are propelling the information security market's expansion are intended to strengthen cybersecurity defenses and shield private information from nefarious individuals. For instance, The United States government enacted two cybersecurity laws into law in June 2022. The first bill, the State and Local Government Cybersecurity Act of 2022, aims to improve cooperation between state, territorial, local, and tribal governments as well as the Cybersecurity and Infrastructure Security Agency (CISA). It is anticipated that these important actions will boost the i...

Introduction

Cyber Security Vulnerability Statistics: In 2025, cybersecurity vulnerabilities continue to pose significant threats to global digital infrastructure. The total cost of cybercrime is projected to reach USD 10.5 trillion annually, reflecting a 15% year-over-year increase and marking it as one of the most substantial economic challenges worldwide.

In 2024, the United States reported over 859,000 internet crime complaints, culminating in financial losses exceeding USD 16.6 billion—a 33% rise compared to the previous year. The average cost of a data breach globally reached USD 4.88 million in 2024, the highest on record, with human error accounting for 88% of these incidents. Ransomware attacks remain prevalent, with a 9% increase in complaints targeting U.S. critical infrastructure sectors such as healthcare and manufacturing . Furthermore, cloud environment intrusions surged by 75% over the past year, underscoring the escalating risks associated with digital transformation.

These statistics underscore the imperative for enhanced cybersecurity measures, including regular system updates and comprehensive risk management strategies, to mitigate the growing impact of cyber threats.

During the third quarter of 2024, data breaches exposed more than 422 million records worldwide. Since the first quarter of 2020, the highest number of data records were exposed in the first quarter of 202, more than 818 million data sets. Data breaches remain among the biggest concerns of company leaders worldwide. The most common causes of sensitive information loss were operating system vulnerabilities on endpoint devices. Which industries see the most data breaches? Meanwhile, certain conditions make some industry sectors more prone to data breaches than others. According to the latest observations, the public administration experienced the highest number of data breaches between 2021 and 2022. The industry saw 495 reported data breach incidents with confirmed data loss. The second were financial institutions, with 421 data breach cases, followed by healthcare providers. Data breach cost Data breach incidents have various consequences, the most common impact being financial losses and business disruptions. As of 2023, the average data breach cost across businesses worldwide was 4.45 million U.S. dollars. Meanwhile, a leaked data record cost about 165 U.S. dollars. The United States saw the highest average breach cost globally, at 9.48 million U.S. dollars.

Expert industry market research on the Cloud Security Software in the US (2005-2030). Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts.

[227+ Pages Report] Global Cyber Security Market size & share projected to hit a record value of USD 398.3 Billion by 2026 at an anticipated CAGR growth rate of 14.9% during the forecast period 2021-2026. Increasing use of technological measures in the sectors of retails, BSFI, information and technology, and manufacturing will boost the footprint of global cyber security market to a larger footprint.

The Zero Touch for Cloud Security market is rapidly evolving as organizations increasingly transition to cloud-based infrastructures. This innovative approach enables businesses to streamline their security operations without the need for manual configuration, significantly enhancing efficiency and reducing the risk

In 2021, 40 percent of respondents have experienced a data breach in the cloud in the past. Data protection technologies can mitigate the risk of breach events. However, there is a lack of cloud data security, as use of encryption is limited, for example.

The Cloud Security Encryption market is a vital segment of the broader cloud computing ecosystem, focusing on safeguarding sensitive data through advanced encryption techniques. As businesses increasingly migrate their operations to the cloud, the demand for robust security measures has surged, recognizing encryptio

The Cloud Security Tool market has seen significant growth in recent years, emerging as an indispensable segment within the larger cybersecurity industry. Cloud security tools are designed to protect cloud-based data and applications from various threats, ensuring that organizations can leverage the benefits of clou

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Cyber Weapon Market Size 2024-2028

The Cyber Weapon Market size is estimated to grow by USD 9.50 billion, at a CAGR of 11.83% between 2023 and 2028. The market is experiencing significant expansion due to various influencing factors. Primarily, the escalating IT security budgets of organizations worldwide reflect the increasing importance placed on safeguarding digital assets. Furthermore, the expanding need for robust infrastructure protection in the face of escalating cyber threats is driving market growth. Additionally, international conflicts have heightened the demand for advanced cyber weapons, as nations seek to gain strategic advantages over their adversaries. These factors collectively contribute to the dynamic and evolving cyber weapon market landscape.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

In today's interconnected world, the rise of malicious activities poses a significant threat to various sectors, including healthcare, where confidential data and critical information are at risk. Organizations such as Privacy International are closely monitoring surveillance technologies and spyware, recognizing the importance of safeguarding national security and digital infrastructure. With the increasing reliance on IT infrastructure, cyber vulnerabilities have become a pressing concern, leading to potential risks such as terrorism, economic disruption, and cyber espionage. The market landscape depends on Data mining, Machine learning, Semantic analysis, Neural networks, Multivariate statistics, Social media analytics, Skilled professionals, Data security, Privacy concerns, and Experience Cloud. To counter these threats, governments and international organizations have established cyber defense mechanisms, including the Cyber Mission Force and defense budgets allocated for cybersecurity initiatives. However, the corporate sector remains a target for cybercriminals seeking financial gain through security breaches and phishing attacks targeting banks, telecoms, and e-commerce platforms.

Key Market Driver

One of the key factors driving the market growth is the increasing IT security budget. Several organizations across various sectors are increasing their IT budgets due to the increasing number of cybersecurity threats. In addition, there is a significant increase in global spending on IT security budgets across the globe which mainly comprise expenses on cyber security services. For example, global spending on IT security services was around USD 71.68 billion in 2022, which is anticipated to reach approximately USD 76 billion by the end of 2023.

In addition, there is an increase in the number of cyber attacks as there is an increase in the use of websites and web applications by end-users, which fuels the number of instances of identity and data theft. Hence, the increasing complexity of cyber-attacks and the growing awareness of security risks are positively impacting the market. Hence, such factors are expected to drive the market during the forecast period.

Significant Market Trends

One of the major market trends is the growing demand for data safety and security. There is an increase in demand for systems monitoring, hardware, intellectual property, theft, and disposal of targets' data, as well as vital manufacturing and commercial activities fuelled by the market. In addition, there is an increase in demand for control of commercial losses due to factors such as the need for data safety and security.

Moreover, the growing demand across various sectors, such as the military, government, telecommunication, banking, and finance, is positively impacting the market. Furthermore, the personal data in these end-user sectors are highly prone to unexpected damage by cyber hackers. Hence, such factors are driving the market during the forecast period.

Major Market Restraint

The high cost of development is one of the key challenges hindering the market. There is a significant cost associated with the development of cyber weapons as it requires time, resources, and technical expertise. In addition, there are only a handful of companies which has the funds and capacity to help with the production of these complicated technologies.

Moreover, as research is highly confidential, it is inconceivable for potential clients to think about the cost and capacities of these frameworks. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.

Market Segmentation

The defensive segment is estimated to witness significant growth during the forecast period. There is an increasing deployment of virus malware as defensive cyber weapons to prevent the theft of intellectual property or the erasure of data and systems. Factors such as the increase in threats to critical infrastructure in

In 2021, 64 percent of respondents named data loss/leakage as their biggest cloud security concern. Issues concerning data privacy and confidentiality, as well as accidental exposure of credentials take the second and third place, respectively. As organizations worldwide continuously migrate workloads to the cloud, security issues become more pertinent.

The Cloud Network Security market has emerged as a critical component of modern enterprise IT infrastructure, ensuring that cloud environments remain secure amidst the increasing frequency and sophistication of cyber threats. As organizations across various industries transition to cloud services, the demand for rob

According to Cognitive Market Research, the global Public Cloud Managed Service market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.30% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031. Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031. Managed mobility led the public cloud-managed services market in 2023 Market Dynamics of Public Cloud Managed Service Market Key Drivers for Public Cloud Managed Service Market Cloud computing is becoming increasingly popular The increased usage of cloud computing by various businesses to improve operational efficiency is driving market growth. Aside from that, the widespread use of cloud solutions to manage applications, resources, and services is driving the cloud-managed services market statistics. For example, according to Flexera Software's State of Cloud Report 2023, 75% of company respondents said they were using Microsoft Azure for public cloud purposes. Furthermore, as part of a multi-year relationship, Google Cloud and Connecticut-based XPO Logistics collaborated to improve commodity mobility across supply chains. XPO used Google Cloud's data analytics, machine learning, and artificial intelligence (AI) capabilities to create faster, more efficient supply chains with greater visibility Increased focus on security and compliance The Public cloud-managed services market is primarily driven by enterprises' growing demand for enhanced security measures such as intrusion prevention, threat detection, vulnerability assessments, and data encryption to protect sensitive information and digital assets. Aside from that, cloud MSPs offer knowledge in understanding and implementing various compliance standards, assisting businesses in avoiding potential financial and legal fines, which is also driving market growth. Restraint Factor for the Public Cloud Managed Service Market Security and compliance concerns Security and compliance concerns have been major restraints to the growth of the Public Cloud Managed Service Market. In the context of adopting the public cloud, a business is very cautious about the security of data, privacy, and regulatory compliance. Factors such as the fear of data breaches, unauthorized access, and non-compliance with industry regulations make an organization wary about the full acceptance of public cloud-managed services. Security concerns should be addressed through proper security measure implementation, data protection, and compliance for users and hence help win trust to extend market adoption of the managed services in public cloud space. Impact of Covid-19 on the Public Cloud Managed Service Market Covid-19 has had a huge impact on the Public Cloud Managed Service Market. With worldwide businesses operating remotely and virtually, cloud services demand increased, of which managed services are one. Enterprises have accelerated their cloud adoption so that business continuity and remote collaboration can be possible, which increased dependence on the public cloud platform. The rapid digital transformation meant that more focus on cloud management and security was required, thereby creating the demand for managed services in cloud environment optimization and secure data protection. Introduction of the Public Cloud Managed Service Market The Public Cloud Managed Service Market refers to the industry that offers services to manage a business's functions on public cloud platforms such as Amazon Web Services, Microsoft Azure, Google Cloud Platform, and others. Such services range from managing cloud infrastructure, performance optimization, and security to tec...

The Cloud Access Security Broker (CASB) market is rapidly evolving as organizations increasingly adopt cloud services while grappling with the complexities of securing their data in diverse environments. CASBs act as intermediary security solutions that bridge on-premise infrastructure and cloud services, providing