The North America cloud security market is expected to grow from US$ 17,168.84 million in 2022 to US$ 42,944.12 million by 2028. It is estimated to grow at a CAGR of 16.5% from 2022 to 2028.
Surging Managed Container Services is fueling the growth of North America cloud security market
The use of containers in the IT sector has increased exponentially in recent years. A large number of businesses use managed or native Kubernetes orchestration; the well-known managed cloud services used by these enterprises include Amazon Elastic Container Service for Kubernetes, Azure Kubernetes Service, and Google Kubernetes Engine. These managed service platforms have simplified the management, deployment, and scaling of use cases. With the increasing use of containers, enterprises need to ensure that the right security solutions are in place to prevent security issues. For instance, the pods of Kubernetes clusters might receive traffic from any source, raising security issues throughout the company. To prevent attacks on vulnerable networks, enterprises implement network policies for their managed Kubernetes services. Thus, the adoption of managed container services is bolstering the growth of the North America cloud security market.
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North America Cloud Security Market Overview
The US, Canada, and Mexico are among the major economies in North America. With higher penetration of large and mid-sized companies, there is a growing frequency of cyber-attacks and the increasing number of hosted servers. Moreover, growing number of cyber crime and the production of new cyber attacks, as well as surge in usage of cloud-based solutions are all becoming major factor propelling the adoption of cloud security solutions and services. In addition, to enhance IT infrastructure and leverage the benefits of technologies such as AI and ML, there is a growing adoption of cloud security and therefore, becoming major factors contributing towards the market growth. Furthermore, there is huge growth potential in industries such as energy, manufacturing, and utilities, as they are continuously migrating towards digital-transformed methods of operations and focusing on data protection measures. Major companies such as Microsoft, Google, Cisco, McAfee, Palo Alto Networks, FireEye, and Fortinet and start-ups in the North America cloud security market provide cloud security solutions and services.
North America Cloud Security Strategic Insights
Strategic insights for the North America Cloud Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
- Amazon Web Services
- Microsoft Corp
- International Business Machines Corp
- Oracle Corp
- Trend Micro Incorporated
- VMware, Inc.
- Palo Alto Networks, Inc.
- Cisco Systems Inc
- Check Point Software Technologies Ltd.
- Google LLC
North America Cloud Security Regional Insights
The geographic scope of the North America Cloud Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Cloud Security Market Segmentation
The North America cloud security market is segmented into service model, deployment model, enterprise size, solution type, industry vertical, and country. Based on service model, the North America cloud security market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS). The software-as-a-service (SaaS)segment registered the largest market share in 2022.
Based on deployment model, the North America cloud security market is segmented into public cloud, private cloud, and hybrid cloud. The public cloud segment registered the largest market share in 2022.Based on enterprise size, the North America cloud security market is segmented into small and medium-sized enterprises (SMEs), and large enterprises. The large enterprises segment registered a larger market share in 2022.
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