In a recently published report, Cloud Application Security and Vulnerability Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Application Security and Vulnerability Management Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Cloud Application Security & Vulnerability Management Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. Cloud computing has taken the center stage during the ongoing pandemic. As a result, companies need to address security issues such as malware injection and hijacking of accounts to safeguard organizational information. Thus, the users are investing in secure cloud platforms to avoid issues associated with cyber security. Remote working with the help of cloud software has become increasingly mainstream in the past couple of months. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the increasing number of cyber-attacks and increasing investments to improve cyber-resilience of cloud applications. As per global economic crime and fraud survey cybercrime was the 2nd most reported crime in 2016. Moreover, cybercrime accounts for more than 50% of all crimes in the United Kingdom in 2016 and over 11,800 people reported incidents of cybercrime to the Australian Cybercrime Online Reporting Network in 2017.
Also, the Barkley Organization in September 2018 reveals that, as per the EEF’s 2018 Cybersecurity for Manufacturing Report, around 48% of manufacturers have suffered cyber-attacks. Similarly, as per the U.S National Centre for Manufacturing Services (NCMS), has reported the cost of breaches in manufacturing sector between USD$ 1 million to USD $ 10 million. Hence, the need for cloud application security and vulnerability management would increase as companies are making efforts to minimize the complexities associated with security measures in applications and software. However, lack of transparency in remediation status of vulnerabilities is hampering the growth of this market.
The regional analysis of global Cloud Application Security & Vulnerability Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the presence of various environmental governing organizations in the US. Also, growing number of testing laboratories is expected to create positive outlook for the growth of the North America region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Broadcom, Inc.
Check Point Software Technologies Ltd.
Cisco System Inc.
Dell Technologies, Inc
F-Secure
Hewlett Packard Enterprise Development LP,
IBM Corporation
Microsoft Corporation
Skybox Security, Inc
Tenable, Inc.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software/ Platform
Services
By Enterprise Size:
Small & Medium Enterprise
Large Enterprise
By Industry:
BFSI
Telecom & IT
Manufacturing
Healthcare
Retail & e-Commerce
Government
Energy & utility
Media & Entertainment
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Cloud Application Security & Vulnerability Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Cloud Application Security & Vulnerability Management Market, by Region, 2018-2027 (USD Billion)
1.2.2. Cloud Application Security & Vulnerability Management Market, by Component, 2018-2027 (USD Billion)
1.2.3. Cloud Application Security & Vulnerability Management Market, by Enterprise size on 2018-2027 (USD Billion)
1.2.4. Cloud Application Security & Vulnerability Management Market, by Industry on 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cloud Application Security & Vulnerability Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cloud Application Security & Vulnerability Management Market Dynamics
3.1. Cloud Application Security & Vulnerability Management Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Cloud Application Security & Vulnerability Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Cloud Application Security & Vulnerability Management Market, by Component
5.1. Market Snapshot
5.2. Global Cloud Application Security & Vulnerability Management Market by Component , Performance – Potential Analysis
5.3. Global Cloud Application Security & Vulnerability Management Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Cloud Application Security & Vulnerability Management Market, Sub Segment Analysis
5.4.1. Software/ Platform
5.4.2. Services
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