Cloud Data Security Market worth $9.1 billion by 2027 – Exclusive Report by MarketsandMarketsâ¢>
Cision PR Web
CHICAGO, Feb. 7, 2023 /PRNewswire/ — The Global Cloud Data Security Market is projected to grow from USD 4.4 billion in 2022 to USD 9.1 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period, according to a new report by MarketsandMarketsâ¢. Factors driving the market growth include increasing security attacks and the growing trend of cloud-related services among businesses.

Countries such as China, Japan, India, Singapore, and Australia are economically the fastest-growing countries in the Asia Pacific region. The Asia Pacific countries are anticipated to see a rise in the Cloud Data Security Market because, as per the CISCO Cybersecurity Series analysis, the countries in this region host a bigger share of their infrastructure in the cloud rather than on-premises, and more than half of the organizations in this region consider cloud as a convenient and user-friendly option. Moreover, with effective government compliance & regulations and technical improvements, the cloud security industry is seeing enormous growth potential in this area. Additionally, the surge in security-related threats and the severity and sophistication of cyberattacks have increased, eventually leading to the need to deploy cloud data security solutions in Asia. Consequently, Asia Pacific is anticipated to have the highest CAGR during the forecast period.
Link: https://www.prnewswire.com/news-releases/cloud-data-security-market-worth-9-1-billion-by-2027—exclusive-report-by-marketsandmarkets-301740376.html