The multi-cloud security market is expected to see significant growth in the coming years as more and more businesses adopt cloud-based environments. However, securing these environments can be a challenge, as they are complex and constantly evolving. A new report offers strategic insights for businesses looking to secure their cloud infrastructure.
The report, titled “Multi-Cloud Security Market – Global Forecast to 2025,” was published by MarketsandMarkets. It provides insights into the global multi-cloud security market and the key factors driving its growth. The report also provides strategic recommendations for businesses looking to secure their multi-cloud infrastructure.
According to the report, the global multi-cloud security market size is expected to grow from $1.4 billion in 2020 to $4.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 26.4%. The report cites the increasing adoption of multi-cloud environments, the need for regulatory compliance, and the growing complexity of cyber threats as the primary drivers of market growth.
The report highlights several key factors that businesses should consider when securing their multi-cloud infrastructure. These include:
- Visibility and Control: Businesses need to have full visibility into their multi-cloud environments and be able to control access to cloud resources. This can be achieved through solutions such as Identity and Access Management (IAM) and Cloud Access Security Brokers (CASBs).
- Threat Detection and Response: Businesses need to be able to detect and respond to threats in real-time. This can be achieved through solutions such as Security Information and Event Management (SIEM) and Security Orchestration, Automation, and Response (SOAR).
- Compliance: Businesses need to comply with regulatory requirements such as GDPR, HIPAA, and PCI DSS. This can be achieved through solutions such as Data Loss Prevention (DLP) and encryption.
- Integration: Businesses need to integrate their multi-cloud security solutions with their existing security infrastructure. This can be achieved through solutions such as Application Programming Interfaces (APIs) and Software Development Kits (SDKs).
The report also highlights the key regions and verticals driving market growth. North America is expected to dominate the multi-cloud security market due to the increasing adoption of cloud-based technologies in the region. The BFSI, government and defense, and IT and telecom sectors are expected to be the primary drivers of market growth.
In conclusion, the multi-cloud security market is expected to continue growing in the coming years, driven by increasing adoption of multi-cloud environments, the need for regulatory compliance, and the growing complexity of cyber threats. Businesses need to invest in robust multi-cloud security solutions to protect their data and systems. With the strategic insights highlighted in the report, businesses can make informed decisions about their multi-cloud security needs and identify the right solutions to meet those needs.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.