The multi-cloud security market is witnessing significant growth, driven by increasing adoption of cloud-based environments, the need for regulatory compliance, and the growing complexity of cyber threats. A new report highlights the latest innovations in multi-cloud security that are expected to drive further market growth.
The report, titled “Innovations in Multi-Cloud Security to Drive Market Growth,” was published by MarketsandMarkets. It provides insights into the latest trends in the multi-cloud security market and the key factors driving its growth.
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 innovations in multi-cloud security that are expected to drive further market growth. These innovations include:
- AI-Powered Security: AI-powered security solutions are increasingly being adopted to address the growing complexity of cyber threats. AI-based solutions can identify and mitigate security threats in real-time, making them an essential tool for multi-cloud security.
- Cloud-Native Security: Cloud-native security solutions are designed specifically for cloud-based environments, making them more effective in securing multi-cloud infrastructures. These solutions can provide better visibility and control over cloud workloads and data.
- Security Orchestration and Automation: Security orchestration and automation solutions can automate security workflows, reducing the workload on security teams and improving response times to security incidents.
- Zero-Trust Security: Zero-trust security solutions assume that all users and devices are potential threats and require continuous authentication and authorization to access cloud resources. This approach can significantly reduce the risk of cyber-attacks in multi-cloud environments.
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 innovations in AI-powered security, cloud-native security, security orchestration and automation, and zero-trust security. Businesses need to invest in robust multi-cloud security solutions to protect their data and systems. With the latest insights and trends 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.