Summary

The Cloud Workload Protection Platform Market stood at around 5 billion in 2021 and is expected to grow at a steady rate of around 22% owing to the increase in the adoption of multi-cloud strategies among enterprises. A cloud workload protection platform is a comprehensive security solution designed to protect workloads deployed in cloud environments. As organizations increasingly rely on cloud computing to store and process their data, it becomes crucial to ensure the security and integrity of these workloads. A CWPP offers a range of security features and functionalities that are specifically tailored to address the unique challenges and risks associated with cloud workloads. Moreover, the increasing need to secure enterprise workloads from unauthorized strikes, and centralized policy enforcement are other factors helping the market to grow. Additionally, the increasing number of cyber-attacks across various industries is one of the most prominent factors contributing to the growth of the market. For instance, according to the 2022 IBM security report, there will be a surge in various cyberattacks between 2020-2021. Notably, those caused by exploiting vulnerabilities have increased by 33%.

Some of the major players operating in the market include Check Point Software Technologies Ltd.; Aqua Security Software Ltd.; McAfee, LLC; Akamai Technologies; Entrust Corporation; LogRhythm, Inc.; Sophos Ltd.; Broadcom; Orca Security; and Trend Micro Incorporated. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst component, the solutions segment is expected to grow at a robust CAGR during the forecast period”
Based on component, the market is segmented into solutions and services. The solutions segment is expected to grow at a prominent CAGR during the forecasted period owing to the widespread adoption of cloud computing, the evolving threat landscape, compliance requirements, and the complexity of modern cloud infrastructures. By providing specialized security capabilities tailored for cloud workloads, cloud workload protection platform solutions enable organizations to enhance their security posture, detect and respond to threats effectively, and meet regulatory obligations in an increasingly digital and interconnected world.

“Amongst deployment, the cloud segment is expected to grow at a robust CAGR”
On the basis of deployment, the market is bifurcated into on-premises and cloud. The demand for cloud deployment is increasing mainly owing to the need for robust and specialized security solutions in the cloud. These platforms offer comprehensive protection, address the complexities of cloud environments, ensure compliance with regulations, and defend against evolving cyber threats. As organizations continue to embrace cloud computing, the importance of cloud workload protection platform solutions will only grow, making them a vital component of modern cloud security strategies.

“North America held a significant share of the global cloud workload protection platform market in 2021”
North America held a significant share of the global cloud workload protection platform market in 2021. The increasing demand for cloud workload protection platforms in North America can be attributed to the widespread adoption of cloud computing, the need for robust security measures, regulatory compliance requirements, and the evolving threat landscape. These platforms enable organizations to secure their cloud-based workloads, protect sensitive data, meet compliance obligations, and stay resilient against a rapidly evolving cyber threat landscape.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key end-user experts.
• The report presents a quick review of overall end-user performance at one glance.
• The report covers an in-depth analysis of prominent end-user peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the end-user.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the end-user.

Customization Options:
The global cloud workload protection platform market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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