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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 2021, ** 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.
In 2020, ** percent of global respondents from large organizations experienced phishing attacks in terms of cloud security incidents. Overall, phishing attacks and ransomware or other malware attacks were the most commonly experienced incidents. Larger enterprises report being less prone to insider data theft than smaller companies. However, larger companies also report accidental data leakage and account compromises more often, which is likely due to their higher user numbers.
Global cloud security spending skyrocketed over the past years, increasing from just *** million U.S. dollars in 2020 to over *** billion U.S. dollars in 2023. By 2024, cloud security spending is forecast to reach nearly ***** billion U.S. dollars.
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Market Summary of Cloud Security Market:
• The Global Cloud Security market size in 2023 was XX Million. The Cloud Security Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031. • The market for cloud security is growing because of the emergence of DevSecOps and Data breaches. • The adoption of these solutions by businesses, particularly small and medium-sized businesses, has been greatly hampered by their high cost. • The AI and data analytics capabilities of the cloud are being heavily utilized by telcos. Operating in extremely dynamic and complicated IT environments with a multitude of software, networks, and devices is what has contributed to the expansion of the IT & telecom market. • North America is expected to have the largest market share in the cloud security market
Market Dynamics of Cloud Security Market:
Key drivers of Cloud Security Market
Data breaches and cyberattacks are driving the cloud security market's rapid growth.
Due to digitalization and technological advancements, the use of the Internet is increasing in all sectors. As the use of the Internet increases, the chances of cyber-attacks increase. There is a large scale of cyberattacks that is causing the loss of private, business, and governmental data all around the world when individuals utilize the Internet to conduct focused, politically driven attacks against cloud IT infrastructure. A cyberattack that targets off-site service platforms that use their cloud architecture to provide computing, storage, or hosting services might be categorized as a cloud cyberattack. This can involve assaults on service platforms that make use of SaaS(software as a service), IaaS (infrastructure as a service), and PaaS (platform as a service) service delivery paradigms. For Example, In March 2020, a cloud cyber assault targeted the adult live-streaming website CAM4, exposing 10.8 billion confidential entries totaling 7 TB of data. Location information, email addresses, IP addresses, payment logs, usernames, and more were all included in the compromised database. (Source:https://cisomag.com/adult-website-data-leak/) The growing number of organizational data breaches and leaks is driving the cloud security market. Data in the cloud is more vulnerable to hackers than data on corporate computers. For Instance, Microsoft revealed in 2020, that in December 2019 breach in one of their cloud databases exposed 250 million entries, including IP addresses, email addresses, and support case information. The computer giant claims that a poorly designed network server that was storing the important data was the root cause of this data breach. Despite not being the largest, the high-profile target made it one of the most startling clouds cyberattacks. (Source:https://www.forbes.com/sites/daveywinder/2020/01/22/microsoft-security-shocker-as-250-million-customer-records-exposed-online/?sh=693f59f04d1b)Thus, The cloud service model enhances the dangers and security challenges associated with cloud computing systems by exposing information and offering customers a variety of services. Data loss in cloud computing is a basic security issue. Hackers from both inside and external staff may gain unauthorized or purposeful access to the data. Such setups can be targets for external hackers who utilize hacking tactics like eavesdropping and hijacking to get access to databases. Additionally, malicious programs like Trojan horses which are a kind of malicious software that infiltrates a computer under the guise of an authentic application, and viruses are added to cloud services. Therefore, to put in place a system with stronger security features, it is vital to detect potential cloud risks and protect against such breaches with good cloud security.
The market for cloud security is growing because of the emergence of DevSecOps.
As more businesses shift their apps and IT infrastructure to the cloud, cloud security is becoming more and more crucial. DevSecOps which is development, security, and operation automation is becoming popular among many enterprises as a means of guaranteeing the best possible cloud security. DevSecOps automation incorporates security into every phase of the development lifecycle, from code generation to deployment and maintenance. DevSecOps helps ...
In 2020, the global cloud security software market was valued at 29.5 billion U.S. dollars. It is expected to reach approximately 37 billion U.S. dollars by 2026. The largest market is North America, whereas Asia Pacific is the fastest growing market. The rapid growth in cloud adoption over the past years have driven the need for better cloud security solutions. For this reason, managed security services providers are often collaborating with vendors offering security solutions to develop more mature products that serve their customers' needs.
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The cloud security market is projected to reach a staggering USD 96,229.58 million by 2033, expanding at a robust CAGR of 15.09% from 2025 to 2033. This growth is fueled by the increasing adoption of cloud-based services, the proliferation of connected devices, and the growing threat landscape. The need for comprehensive cloud security solutions to protect data, applications, and services from unauthorized access, data breaches, and other cyberattacks is driving demand. Key market drivers include the increasing number of cyberattacks, the proliferation of cloud-based applications, the adoption of cloud services by businesses, and the need for data protection and privacy regulations. Key trends shaping the market include the rise of artificial intelligence (AI) and machine learning (ML) in cloud security, the convergence of network and cloud security, and the adoption of cloud security services by small and medium-sized businesses. However, factors such as data privacy concerns, vendor lock-in, and compliance challenges may hinder market growth. Recent developments include: August 2021: The cloud email security business of Avanan was purchased by Check Point Software Technologies Ltd. Through this acquisition, Check Point Software will be better able to deploy secure email security solutions and defend remote workers against malicious collaboration tools, files, URLs, and phishing across email and networks., July 2020: To prevent data breaches, Quick Heal Technologies has launched its newest cybersecurity solution for enterprises. The company's security solution includes cloud-based email security, data protection, and privacy laws, among other features that help businesses stay protected from security threats and potential data breaches.. Notable trends are: Rising Impact of Software-as-a-Service to boost the market growth.
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Recent developments include: June 2020: Guardicore, a data center and cloud security company, has recently introduced the Botnet Encyclopedia. This comprehensive resource, developed by the Guardicore Sensors Network (GGSN), comprises detection sensors strategically deployed across data centers and cloud environments globally. With its ability to capture and meticulously document complete attack flows at the most precise level, the Botnet Encyclopedia empowers IT teams, security professionals, researchers, and the cybersecurity community to enhance their understanding and defense against persistent and sophisticated threats, commonly called campaigns., June 2020: CloudPassage, a cloud computing security and compliance company, announced new packaging and pricing options for its Halo cloud security platform. The new options allow more companies to put Halo's proven capabilities to work in a broader range of deployment scenarios with even better economics.. Key drivers for this market are: As more organizations migrate their workloads to the cloud, the need for robust security solutions to protect sensitive data and applications becomes essential. Potential restraints include: The cost of deploying and maintaining cloud workload protection solutions can be a barrier, especially for small and medium-sized enterprises (SMEs) with limited budgets. Notable trends are: The adoption of the Zero Trust model, which assumes no trust by default and requires verification for every access request, is gaining traction in cloud workload protection strategies.
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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.
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...
In 2021, approximately ** percent of all users who experienced a cloud storage security issue had problems with a permissive storage policy. Cloud policies refer to the guidelines that set the rules to which companies have to comply when operating in the cloud.
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The size of the Cloud Encryption Market was valued at USD 5.45 billion in 2023 and is projected to reach USD 26.68 billion by 2032, with an expected CAGR of 25.47% during the forecast period. The cloud encryption market is witnessing significant growth driven by the increasing adoption of cloud-based services across industries and rising concerns over data security and privacy. Organizations are leveraging encryption technologies to secure sensitive information stored and transmitted in cloud environments, ensuring compliance with stringent data protection regulations. The market is fueled by the proliferation of cyber threats, advancements in encryption techniques, and the growing demand for robust security solutions in sectors such as IT, banking, healthcare, and retail. Cloud encryption solutions enable enterprises to protect data integrity, confidentiality, and access control, addressing the challenges of unauthorized data breaches. Innovations in encryption methods, such as homomorphic encryption and key management systems, are further enhancing the efficiency and adoption of cloud encryption technologies. The increasing shift toward hybrid and multi-cloud strategies by businesses also contributes to the market’s expansion. However, factors like high implementation costs and complexities in deployment pose challenges. Overall, the cloud encryption market is poised for robust growth, driven by technological advancements, growing cybersecurity awareness, and the rising need for secure cloud-based data solutions. Recent developments include: In April 2020, Accenture acquired Symantec's cyber security services business from Broadcom Inc. The acquisition enhances Accenture Security and improves its capability to help organizations detect, anticipate, and respond to cyber threats., In September 2020, IBM announced the launch of IBM Cloud Hyper Protect Crypto Services, a new cloud encryption service that provides highly secure key management and data encryption capabilities., In October 2020, Fortinet launched its FortiGate 2600F firewalls, which include advanced security features such as cloud encryption and zero-trust access control.. Key drivers for this market are: Increasing adoption of cloud computing Growing concerns about data breaches and cyberattacks Need to comply with data protection regulations Increasing scalability, flexibility, and cost-effectiveness of cloud encryption solutions. Potential restraints include: Lack of awareness about cloud encryption solutions Concerns about vendor lock-i Integration challenges with existing IT infrastructure. Notable trends are: Quantum computing: The development of quantum computers could pose a threat to traditional encryption methods. Cloud encryption solutions providers are working to develop quantum-resistant solutions. Blockchain technology: Blockchain technology can be used to enhance the security of cloud encryption solutions by providing a decentralized and immutable ledger for managing encryption keys. Homomorphic encryption: Homomorphic encryption allows encrypted data to be processed without decryption, enabling new possibilities for data analysis and processing..
In the second quarter of 2020, approximately *** thousand external attacks on cloud accounts were registered in Thailand. This number decreased in the following quarters, as is the case for the other countries listed. During the second half of 2020, malware and ransomware were targeting vulnerabilities in work-related apps specifically.
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Global cybersecurity market is expected to grow at a CAGR of nearly 11% and is anticipated to surpass USD 275 Billion by 2026. The component segment bifurcates the global cybersecurity industry into solution and service, of which the service segment is anticipating substantial growth in the upcoming few years.
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The security information and event management market is expected to grow at a CAGR of 12% during the forecast period. Increase in cybercrime, drivers.2, and drivers.3 are some of the significant factors fueling security information and event management market growth.
Increase in cybercrime
McAfee LLC - Key news M&A, divestitures, JVs, and partnership In February 2020, the company announced the extension of its partnership with Samsung to protect consumers’ personal data and information from online threats. Key hiring, CEO, and BU heads In January 2020, the company announced the appointment of Peter Leav as the new chief executive officer, effective February 3, 2020. In December 2019, the company announced the appointment of Kathy Willard to its Board of Directors. Product launches In February 2020, the company announced the introduction of McAfee MVISION, a Unified Cloud Edge (UCE) platform that provides unified data and threat protection from device level to the cloud. In December 2019, the company announced the launch of Cloud Access Security Broker (CASB) and Cloud Security Posture Management (CSPM) security solution to increase security of container-based applications.
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New Zealand Cybersecurity Market size was valued at USD 2.5 Billion in 2024 and is projected to reach USD 6.7 Billion by 2032, growing at a CAGR of 13.1 % from 2026 to 2032. The New Zealand cybersecurity market is driven by the rising frequency and sophistication of cyberattacks targeting businesses, critical infrastructure, and government sectors, pushing organizations to invest in advanced security solutions. Increasing digital transformation, cloud adoption, and remote work trends further amplify the need for robust cybersecurity measures. Regulatory mandates and data protection laws, such as the Privacy Act 2020, are compelling organizations to enhance compliance and security frameworks. Growing awareness of cybersecurity risks among small and medium enterprises also boosts demand for managed security services and threat detection solutions.
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The European automotive cybersecurity market is experiencing robust growth, driven by increasing vehicle connectivity, the rise of autonomous driving technologies, and stringent government regulations aimed at protecting sensitive vehicle data. The market, estimated at €XX million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 9.5% from 2025 to 2033. This expansion is fueled by the escalating adoption of software-defined vehicles, which introduce new attack vectors requiring sophisticated security solutions. Key segments include software-based security, network security, and cloud security, with significant contributions from hardware-based solutions and professional services. Leading players, such as Harman International Industries, Infineon Technologies, and Continental AG, are investing heavily in research and development to enhance security features and offer comprehensive cybersecurity solutions tailored to the unique challenges of the automotive industry. The United Kingdom, Germany, and France are currently the largest markets within Europe, owing to their advanced automotive sectors and robust regulatory frameworks. Further growth will be propelled by the increasing demand for over-the-air (OTA) updates, which necessitate robust security protocols to prevent malicious intrusions. However, the market faces challenges such as high implementation costs for advanced security systems, the complexities of integrating diverse security technologies across different vehicle architectures, and the ongoing evolution of cyber threats. Nevertheless, the overall outlook remains positive, with significant opportunities for market participants focused on developing innovative and cost-effective solutions that address the escalating security needs of the connected car ecosystem. The market's expansion is projected to continue, driven by technological innovation and increasing consumer awareness of data privacy and security concerns within the automotive sector. Recent developments include: January 2020 - HARMAN launched the HARMAN Ignite Marketplace, an extensive network of cloud-based applications and services available on the HARMAN Ignite Cloud Platform. The HARMAN Ignite platform provides a built-in Over-the-Air (OTA) functionality, which helps manage potential risks like network problems, file tampering, and cybersecurity attacks, due to which automakers are equipped with a secure and efficient way to deliver and frequently update a robust service ecosystem while still mitigating risk.. Key drivers for this market are: Rising Security Threats as More Technologies Get Integrated Into Cars, Government Regulations. Potential restraints include: Rising Security Threats as More Technologies Get Integrated Into Cars, Government Regulations. Notable trends are: Cloud Security Expected to Witness Significant Market Share.
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Data Encryption Market Overview The global data encryption market is projected to register significant growth, with a market size of USD 14.5 billion in 2025 and a CAGR of 16% over the forecast period of 2025-2033. The increasing adoption of cloud computing and digital transformation initiatives are driving the demand for data encryption solutions to protect sensitive data from cyber threats. Additionally, industry regulations, such as GDPR and CCPA, are mandating organizations to implement data encryption measures, further fueling market growth. Market Drivers, Restraints, and Trends Key market drivers include rising cybersecurity threats, increasing data breaches, and the growing need for data privacy. The increasing adoption of IoT and mobile computing is also contributing to the need for data encryption. However, the high cost of implementation and the lack of skilled professionals can pose challenges to market growth. Notable market trends include the emergence of advanced encryption algorithms, such as quantum-safe cryptography, and the integration of encryption with AI and machine learning technologies. Regional factors, such as government regulations and technology adoption rates, also influence the market's growth trajectory. Recent developments include: On Apr. 11, 2023, Menlo Security, a leading provider of browser security solutions, published the results of the 10th Annual Cyberthreat Defense Report (CDR) by the CyberEdge Group. The report, partially sponsored by Menlo Security, highlights the augmenting importance of browser isolation technologies to combat ransomware and other malicious threats., The research revealed that most ransomware attacks include threats beyond data encryption. According to the report, around 51% of respondents confirmed that they have been using at least one type of browser or Internet isolation to protect their organizational data, while another 40% are about to deploy data encryption technology. Furthermore, around 33% of respondents noted that browser isolation is a key cybersecurity strategy to protect against sophisticated attacks, including ransomware, phishing, and zero-day attacks., On Feb.14, 2023, EnterpriseDB, a relational database provider, announced the addition of Transparent Data Encryption (TDE) based on open-source PostgreSQL to its databases. The new TDE feature will be shipped along with the firm's enterprise version of its database. TDE is a method of encrypting database files to ensure data security while at rest and in motion., Adding that most enterprises use TDE for compliance issues helps ensure data encryption on the hard drive and files on a backup. Before the development of built-in TDE, enterprises relied on either full-disk encryption or stackable cryptographic file system encryption., On Jan.25, 2023, Researchers from the Tokyo University of Science, Japan, announced the development of a faster and cheaper method for handling encrypted data while improving security. The new data encryption method developed by Japanese researchers combines the best of homomorphic encryption and secret sharing to handle encrypted data., Homomorphic encryption and secret sharing are key methods to compute sensitive data while preserving privacy. Homomorphic encryption is computationally intensive and involves performing computational data encryption on a single server, while secret sharing is fast and computationally efficient., In this method, the encrypted data/secret input is divided and distributed across multiple servers, each performing a computation, such as multiplication, on its data. The results of the computations are then used to reconstruct the original data., September 2022: Convergence Technology Solutions Corp., a supplier of software-enabled IT and cloud solutions, declared that it has obtained certification in Canada to sell and deploy IBM zsystems and LinuxONE., November 2019: Penta Security Systems announced that it has been selected as a finalist for the 2020 SC Magazine Awards, which are given by SC Media and celebrated in the United States. As a result, MyDiamo from Penta Security has been named the Best Database Security Solution of 2020. Additionally, this will result in the expansion of common-level encryption and improve the open-source DBMS installation procedure.. Potential restraints include: ISSUE REGARDING SECURITY AND DATA BREACH 44, HIGH IMPLEMENTATION COSTS AND COMPLEXITY 45; ISSUE WITH RESPECT TO DATA CONSISTENCY AND INTEROPERABILITY ACROSS DIFFERENT EDGE PLATFORMS 45.
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Artificial Intelligence in Cyber Security Market size was valued at USD 9.86 Billion in 2024 and is projected to reach USD 67.95 Billion by 2031, growing at a CAGR of 30.10% from 2024 to 2031.
Global Artificial Intelligence in Cyber Security Market Drivers
Increasing Sophistication of Cyber Attacks: With cyber threats becoming more advanced, AI-powered systems help detect, predict, and respond to attacks that traditional security measures cannot handle. According to the FBI's Internet Crime Complaint Center (IC3), cybercrime reports increased by 69.4% in 2020, with reported losses exceeding USD 4.2 billion.
Growing Adoption of IoT and Cloud Technologies: According to (ISC)², the global cybersecurity workforce gap stands at 3.4 million professionals, with 63% of organizations reporting a shortage of IT security staff. The National Institute of Standards and Technology (NIST) reports that organizations using AI-powered security tools can handle 63% more security incidents with the same staff size. As more devices become interconnected through the Internet of Things (IoT) and cloud platforms, organizations require AI-driven solutions to safeguard against vulnerabilities.
Rising Data Breaches and Compliance Regulations: Stringent regulations like GDPR and CCPA push organizations to adopt AI-based cyber security solutions to comply with data protection laws and mitigate risks.
Shortage of Skilled Cyber Security Professionals: AI-driven solutions automate many security functions, addressing the shortage of skilled cybersecurity professionals and streamlining threat detection and response processes.
From 2019 to 2022, over 60 percent of respondents named misconfiguration of the cloud platform/wrong setup as the biggest security threat in public clouds. Other significant cloud threats were insecure interfaces, exfiltration of sensitive data, as well as unauthorized access.
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[195+ Pages Report] Global Cross Domain Solutions (CDS) market expected USD 1.69 Billion in 2019 and is expected to reach USD 4.11 Billion by 2026 with growth at a CAGR of 10.3%. The Cross Domain Solutions enables data streaming among erratic security spaces and different groups spread over heterogeneous organizations.
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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)