Global Multi-Cloud Security Market is valued at approximately USD 6.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 27.5% over the forecast period 2022-2029. Multi-Cloud Security is a comprehensive strategy that combines more than one cloud computing platform to get the best benefits from every service. It keeps the enterprise and consumer data, assets and programs safe and protected from threats. The remote work due to uncertain situations during the pandemic made it easy to sift the workload on cloud platforms making the working easier and more effective. Additionally, the increasing incidence of cyber-attacks and security threats, and the rising adoption of cloud computing technologies are driving the market for the Multi-Cloud Security market.
The increasing number of cyberattacks and security threats is driving the market for Multi-Cloud security market. The rising concerns of data security and protection due to the number of cybercrime reported in 2021 were over 52 thousand in India. Over 15 million data records were exposed globally in the third quarter of 2022, boosting the demand for the market of multi-cloud security. The rising adoption of cloud computing technologies among organizations is also playing a major role in growing demand. For instance, the cloud applications market is growing at a CAGR of 4.8% and is anticipated to reach USD 168.6 billion by 2025. The multi-cloud management solution manages various cloud computing services such as SaaS, PaaS, and IaaS under a single heterogeneous architecture. Moreover, the continuous advancements and formulation and, initiatives by the government and major market players are fueling the demand for the multi-cloud security market. However, the high cost of Multi-Cloud Security stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Multi-Cloud Security Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market with a total market share of 35%. Cloud services are rapidly transforming into multi-cloud service platforms in this region. The growing adoption of cloud computing technologies, IoT devices, AI and ML is driving the demand for cloud computing solutions rapidly. The rapid digitalization and deployment of multi-cloud infrastructure are leading to the growing adoption of multi-cloud solutions for better security and data protection. Europe is anticipated to be the fastest-growing region over the forecast period. The shift of organizations from on-premises to cloud infrastructure is driving the demand for the multi-cloud security market in this region.
Major market players included in this report are:
- BMC Software, Inc.
- Citrix Systems Inc.
- CloudBolt Software, Inc.
- Microsoft Corporation
- Dell Inc.
- VMware Inc.
- Jamcracker Inc.
- Imperva Software Company
- Flexera Software LLC
- International Business Machines (IBM) Corporation
Recent Developments in the Market:
- In April 2022, a new launch of Imperva Data Security Fabric was made Imperva to reduce the risk of data breaches and threats by securing sensitive data and ensuring consistent application of security policies. It locates databases of the network by detecting data vulnerabilities.
- In February 2021, VMware, Inc. Announced new innovations in its VMware vRealize Cloud Management and SaaS products for better optimization, protection and modernization of multi-cloud infrastructures. This enables the consumers to operate and deploy securely in their hybrid environment.
Global Multi-Cloud Security Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Enterprise, End-use, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Security & Risk Management
- Training & Consulting
- Reporting & Analytics
- Cloud Automation
- Managed Services
- Others
By Enterprise:
- Small & Medium Enterprise (SME)
- Large Enterprise
By End-use:
- BFSI
- IT & Telecom
- Consumer Goods & Retail
- Manufacturing
- Healthcare
- Media & Entertainment
- Government
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Multi-Cloud Security Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Multi-Cloud Security Market, by Type,2019-2029 (USD Billion)
- 1.2.3. Multi-Cloud Security Market, by Enterprise, 2019-2029 (USD Billion)
- 1.2.4. Multi-Cloud Security Market, by End-use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Multi-Cloud Security Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Multi-Cloud Security Market Dynamics
- 3.1. Multi-Cloud Security Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing incidence of cyberattacks and security threats.
- 3.1.1.2. Rising adoption of cloud computing technologies.
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Multi-Cloud Security
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in Formulation
- 3.1.3.2. Increasing Initiatives of government and market players.
Chapter 4. Global Multi-Cloud Security Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Multi-Cloud Security Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Multi-Cloud Security Market by Type, Performance - Potential Analysis
- 6.3. Global Multi-Cloud Security Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Multi-Cloud Security Market, Sub Segment Analysis
- 6.4.1. Security & Risk Management
- 6.4.2. Training & Consulting
- 6.4.3. Reporting & Analytics
- 6.4.4. Cloud Automation
- 6.4.5. Managed Services
- 6.4.6. Others
Chapter 7. Global Multi-Cloud Security Market, by Enterprise
- 7.1. Market Snapshot
- 7.2. Global Multi-Cloud Security Market by Enterprise, Performance - Potential Analysis
- 7.3. Global Multi-Cloud Security Market Estimates & Forecasts by Enterprise 2019-2029 (USD Billion)
- 7.4. Multi-Cloud Security Market, Sub Segment Analysis
- 7.4.1. Small & Medium Enterprise (SME)
- 7.4.2. Large Enterprise
Chapter 8. Global Multi-Cloud Security Market, by End-use
- 8.1. Market Snapshot
- 8.2. Global Multi-Cloud Security Market by End-use, Performance - Potential Analysis
- 8.3. Global Multi-Cloud Security Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 8.4. Multi-Cloud Security Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. IT & Telecom
- 8.4.3. Consumer Goods & Retail
- 8.4.4. Manufacturing
- 8.4.5. Healthcare
- 8.4.6. Media & Entertainment
- 8.4.7. Government
- 8.4.8. Others
Chapter 9. Global Multi-Cloud Security Market, Regional Analysis
- 9.1. Multi-Cloud Security Market, Regional Market Snapshot
- 9.2. North America Multi-Cloud Security Market
- 9.2.1. U.S. Multi-Cloud Security Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Enterprise breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End-use breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Multi-Cloud Security Market
- 9.3. Europe Multi-Cloud Security Market Snapshot
- 9.3.1. U.K. Multi-Cloud Security Market
- 9.3.2. Germany Multi-Cloud Security Market
- 9.3.3. France Multi-Cloud Security Market
- 9.3.4. Spain Multi-Cloud Security Market
- 9.3.5. Italy Multi-Cloud Security Market
- 9.3.6. Rest of Europe Multi-Cloud Security Market
- 9.4. Asia-Pacific Multi-Cloud Security Market Snapshot
- 9.4.1. China Multi-Cloud Security Market
- 9.4.2. India Multi-Cloud Security Market
- 9.4.3. Japan Multi-Cloud Security Market
- 9.4.4. Australia Multi-Cloud Security Market
- 9.4.5. South Korea Multi-Cloud Security Market
- 9.4.6. Rest of Asia Pacific Multi-Cloud Security Market
- 9.5. Latin America Multi-Cloud Security Market Snapshot
- 9.5.1. Brazil Multi-Cloud Security Market
- 9.5.2. Mexico Multi-Cloud Security Market
- 9.6. Rest of The World Multi-Cloud Security Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. BMC Software, Inc.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Citrix Systems Inc.
- 10.2.3. CloudBolt Software, Inc.
- 10.2.4. Microsoft Corporation
- 10.2.5. Dell Inc.
- 10.2.6. VMware Inc.
- 10.2.7. Jamcracker Inc.
- 10.2.8. Imperva Software Company
- 10.2.9. Flexera Software LLC
- 10.2.10. International Business Machines (IBM) Corporation
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption