Market Note: Cloud Workload Security Market
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Definition
The protection of applications, data, and infrastructure associated with cloud computing environments - Cloud Workload Security
Cloud workload security refers to the protection of applications, data, and infrastructure associated with cloud computing environments. It encompasses a range of technologies and practices designed to secure workloads running in public, private, and hybrid cloud settings. This market includes solutions such as cloud workload protection platforms (CWPP), cloud security posture management (CSPM), and other cloud-native security tools that address vulnerabilities specific to cloud architectures. These solutions aim to provide visibility, compliance management, threat detection, and incident response capabilities across diverse cloud environments. The market serves organizations of all sizes that are adopting cloud services and need to ensure the security of their cloud-based operations against an ever-evolving landscape of cyber threats.
Market
The cloud workload security market is experiencing robust growth, with current estimates placing its value between $3-6 billion as of 2023. Industry analysts project a compound annual growth rate (CAGR) of 20-25% over the next 5-7 years, driven by accelerating cloud adoption across industries and the pressing need for enhanced cybersecurity measures. By 2030, the market is expected to reach $12-15 billion, with some optimistic forecasts suggesting it could surge to $25-40 billion. This expansion is fueled by organizations increasingly migrating critical workloads to cloud environments, necessitating advanced security solutions to protect against evolving cyber threats. The market encompasses a range of technologies, including cloud workload protection platforms (CWPP), cloud security posture management (CSPM), and other cloud-native security tools designed to safeguard data and applications across public, private, and hybrid cloud infrastructures.
Components
A comprehensive list of the cloud workload security market components includes:
Cloud Workload Protection Platforms (CWPP)
Cloud Security Posture Management (CSPM)
Cloud Access Security Brokers (CASB)
Cloud Infrastructure Entitlement Management (CIEM)
Container security solutions
Serverless security tools
Cloud-native application protection platforms (CNAPP)
Cloud encryption and key management services
Cloud network security solutions
Cloud data loss prevention (DLP) tools
Cloud vulnerability assessment and management
Cloud compliance and governance tools
Cloud identity and access management (IAM)
Cloud security information and event management (SIEM)
Threat detection and response systems for cloud environments
Cloud-native endpoint protection platforms
API security solutions for cloud services
Multi-cloud security management platforms
DevSecOps tools for cloud environments
Managed security services for cloud workloads
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Vendors
Title: GartnorGroup Evaluations of Cloud Workload Security Market