Latest news with #cyberthreats
Gulf Business
12 hours ago
- Business
- Gulf Business
Building a resilient digital economy: How stc group is advancing cybersecurity for businesses and people
Image: Getty Images As the world embraces rapid technological advancements, the digital landscape is evolving at an unprecedented pace. Innovations like cloud computing, IoT, AI, and blockchain are reshaping industries, but they also bring growing cyber threats. With cybercrime projected to cost the global economy trillions annually, cybersecurity has become cornerstone of digital resilience and economic stability. In Saudi Arabia, stc group is leading the charge, advancing cybersecurity to protect businesses, individuals, and the kingdom's digital future. With a cybersecurity index (CS Index) rating of 89.88 per cent and a capability maturity level of 4.51 surpassing the global telecom average of 65.7 per cent Innovative cybersecurity solutions for a secure ecosystem To address the growing sophistication of cyber threats across industries — from healthcare and finance to logistics — stc group has developed a robust cybersecurity framework designed to safeguard businesses, government institutions, and individuals from evolving threats, ensuring a secure digital ecosystem for all stakeholders. At the heart of this strategy is sirar by stc, recognised as one of the top managed security service providers (MSSP) in MENA. Its Threat Intelligence service leverages AI-powered analytics and big data insights to identify, analyse and neutralise cyber threats before they escalate, providing organisations with a proactive defense mechanism. During Black Hat 2024 in Riyadh – the world's fastest- growing cybersecurity event, sirar by stc launched a groundbreaking service called 'Athar', a Saudi-developed solution designed to protect sensitive data from leaks and enhance organisational resilience against cyberthreats. Strengthened by sirar by stc's advanced security solutions, stc's Security Operations Center (SOC) provides real-time monitoring and rapid incident response capabilities, enabling proactive threat detection and mitigation to minimise the impact of cyberattacks for both the public and private sectors. In addition to delivering cutting-edge cybersecurity solutions, stc group is committed to fostering a secure ecosystem through its Security Pass Program. This initiative requires partners to obtain compliance certification from authorised audit firms, ensuring that all entities within stc's network adheres to the highest cybersecurity standards. Strengthening cybersecurity through global collaboration stc group's ecosystem spans telecommunications, cloud computing, IoT, AI, and digital infrastructure, all secured by advanced cybersecurity measures. These efforts are further amplified through strategic collaborations with both local and global partners. At the national level, stc works closely with the Ministry of Communications and Information Technology and the Saudi National Cybersecurity Authority (NCA) to strengthen the kingdom's digital infrastructure. These partnerships not only enhance technical capabilities but also foster a culture of cybersecurity awareness and innovation across the country. On the global stage, stc has forged major partnerships with leading technology and cybersecurity providers to elevate its offerings. In 2024, the group announced its partnership with Oracle to enhance cloud security and data sovereignty, ensuring compliance with regional regulations while bolstering infrastructure resilience. Through sirar by stc, the group partnered with Google Cloud Security to deploy AI-driven cybersecurity solutions tailored to regional needs. Additionally, sirar expanded its long-standing collaboration with Group-IB, advancing risk and attack management capabilities. As stc continues to expand its global footprint, cybersecurity remains at the core of its growth strategy, ensuring that every new technology and service is built on a secure, resilient foundation. Read:
Yahoo
4 days ago
- Business
- Yahoo
Healthcare Cybersecurity Market Forecast Report 2025-2030: Major Cybersecurity Players Like Cisco and IBM Emphasize Defensive Measures Against Healthcare Data Breaches
Increasing reliance on digital solutions in healthcare accelerates the demand for cybersecurity to protect valuable personal health information from cyber threats. Rising frequency of cyberattacks, regulatory focus, and technology penetration drive growth. North America is expected to lead the market, while Asia-Pacific shows significant growth potential. Major players include Broadcom, Trend Micro, Cisco, and IBM. Healthcare Cybersecurity Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Healthcare Cybersecurity Market - Forecasts from 2025 to 2030" report has been added to healthcare cybersecurity market is projected to grow at a CAGR of 16.49% to be worth US$40.82 billion in 2030 from US$19.03 billion in for electronic medical records and virtual information systems expanding with growing focus on digitalization in healthcare. As medical records contain a lot of information that can be used for identity theft and fraud, personal health information possesses a high value on the black market. The proliferation of cyber threats is thus a serious concern, driving the healthcare cybersecurity market growth. Other growth factors are the availability of a specialized skilled workforce, robust R&D demanding big data, and digital technology penetration in emerging nations. Key Market Trends: The rising frequency and complexity of cyberattacks are driving market growth. The healthcare sector is increasingly dependent on internet-connected technologies, from clinical data systems to radiology devices, to enhance care delivery through data integration, patient engagement, and medical support. However, these systems are often vulnerable to cyberattacks that steal medical data, hijack equipment, or shut down facilities for ransom. According to the U.S. Department of Health and Human Services' Office for Civil Rights (OCR), 677 major breaches impacted over 182.4 million individuals in 2024 alone. The Change Healthcare ransomware attack in February 2024, which compromised the data of 100 million Americans, disrupted insurance verification and payment systems nationwide, underscoring the healthcare sector's vulnerability. These escalating and sophisticated cyberattacks are key drivers of the healthcare cybersecurity market's growth. Increasing regulatory focus on cybersecurity in healthcare is expected to create opportunities for market players. For example, the December 2024 Health Care Cybersecurity and Resiliency Act modernizes HIPAA and mandates incident response plans following the Change Healthcare breach. This bipartisan bill reflects the heightened regulatory emphasis on cybersecurity in the healthcare sector. Geographically, North America is expected to dominate the global healthcare cybersecurity market during the forecast period, driven by the growing number of cybercrimes, the presence of major market players, and strong regulatory support. For instance, the February 2024 cyberattack on Change Healthcare highlighted North America's prominence as a target, increasing demand for cybersecurity solutions in the region. Meanwhile, the Asia-Pacific healthcare cybersecurity market is anticipated to experience significant growth. Some of the major players covered in this report include Broadcom (Symantec), Trend Micro Incorporated, Cisco, IBM, Kaspersky Lab, Fireeye Inc., Intel Corporation, GE Healthcare CrowdStrike, Imperva, CyberArk, Trellix among Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Company Profiling (Strategies, Products, Financial Information, and Key Developments among others) Companies Profiled: Broadcom (Symantec) Trend Micro Incorporated Cisco IBM Kaspersky Lab Fireeye Inc. Intel Corporation GE Healthcare CrowdStrike Imperva CyberArk Trellix Key Attributes: Report Attribute Details No. of Pages 149 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $19.03 Billion Forecasted Market Value (USD) by 2030 $40.82 Billion Compound Annual Growth Rate 16.4% Regions Covered Global Report Scope Healthcare Cybersecurity Market Segmentation by Type of Threat:The market is analyzed by type of Threat into the following: Malware Distributed Denial of Service (DDoS) Advanced Persistent Threat (APT) Spyware Lost/Stolen Devices Healthcare Cybersecurity Market Segmentation by Solution:The report analyzes the market by solution as below: Identity and Access Management Risk and Compliance Management Antivirus and Antimalware DDoS Mitigation Others Healthcare Cybersecurity Market Segmentation by End-User:The market is analyzed by end-user into the following: Pharmaceutical Enterprises Health Insurance Sector Hospitals Laboratories Healthcare Cybersecurity Market Segmentation by regions:The study also analyzed the Healthcare Cybersecurity Market into the following regions, with country-level forecasts and analysis as below: North America (US, Canada, and Mexico) South America (Brazil, Argentina, and Others) Europe (Germany, UK, France, Spain and Others Middle East and Africa (Saudi Arabia, UAE and Others) Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Healthcare Cybersecurity Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Forbes
4 days ago
- Business
- Forbes
Securing The Cyber Well-Being Of Executives And Their Families
Matt Cullina is Head of Global Cyber Insurance Business at Transunion . getty Last year's attack on UnitedHealthcare's CEO invigorated the conversation about corporate executive security. Some large organizations are spending millions on personal bodyguards, home monitoring and transportation as precautionary measures for the physical safety of top executives. However, as the focus on physical safety has strengthened, I believe a significant vulnerability remains overlooked: cyber threats to executives and their families, which pose a risk to personal and corporate finances, intellectual property, digital assets and reputation. For cybercriminals, executives are highly prized targets. Their access to capital resources and trade secrets, coupled with ever-expanding digital footprints, lures criminals to design sophisticated attacks. And it's not just the executive at risk. Threat actors look for every angle to compromise, including gaining backdoor access through an attack on an executive's family members. Unlike physical security protocols, I find cyber protections for executives and their families often lack the same rigor, and the stakes for these security gaps are growing higher. Executive Families: A Wealth Of Cyber Risks The reality is stark: Today's cybercriminals have more tools than ever to breach personal and corporate defenses. These risks are compounded by an increasing reliance on digital services and the prolific use of social media platforms where executives' spouses and children may unknowingly share information that can be exploited for social engineering attacks. Research by Javelin Strategy highlights this danger. Children from affluent households are at greater risk of identity theft and scams. Given the access to social media and persistent appetite for social gossip news, the identities of executives' children and spouses can not only be known, but they're increasingly trackable—both in person and online. Public profiles, media mentions and even school achievements publicized online are potential fodder for exploitation. Emerging technologies only escalate the stakes. Deepfake tools and generative AI have armed cybercriminals with the ability to impersonate executives or their loved ones with incredible realism. Modern criminals know human psychology is the weakest link in even the strongest cybersecurity defense. This is why social engineering has replaced ransomware as the primary path to illegal system access. The repercussions of such attacks are far-reaching. An executive compromised through a family-targeted scam can quickly lead to broader breaches in corporate security. Executives may feel reluctant to report these incidents due to fears of embarrassment or reputational harm, which only further emboldens cybercriminals. Given the high-stakes landscape, companies must evolve their approaches to integrate digital protection for executives into their broader security frameworks. To be effective, solutions need to move further into the territory of tailored, proactive strategies that anticipate the unique digital risks executives and their families face. Protection Beyond The Workplace Particularly for executives facing a widening array of cyber risk vectors, cyber insurance protections offered through corporate policies are murky and complicated. Most executives believe they're adequately protected by commercial policies, when in reality, these policies rarely cover incidents originating from personal exposure. On the personal front, the identity protection they may have attached to a home insurance policy is not equipped to cover complex incidents affecting both personal and corporate systems. In recognition of the growing complexities for executives, the cyber insurance industry is responding with more tailored offerings that fill the gaps of traditional coverages. New policies developed for executives and high-net-worth individuals, more specifically, address their unique risk profiles. One of the most promising developments in executive protection is the emergence of tailored cyber insurance policies. Unlike traditional coverage, these policies are designed specifically to address the risk profiles of high-powered and high-net-worth individuals and their families. Now, a personal cyber endorsement for executives or board members and their families can be attached to commercial cyber policies. Coverage can include robust protection, including identity monitoring, incident response services, social engineering fraud protection and access to round-the-clock support in the event of a cyber incident. When included in an executive perks package, these offerings simultaneously strengthen an organization's overall cybersecurity posture. When reassured with protections that extend across the home front, covered executives can focus their attention more fully on company leadership. Proactive Steps To Take Now Forward-thinking organizations are beginning to weave executive cyber well-being into their risk management strategies. Key actions that keep executives and their families, along with corporate systems—safer include: • Conducting Personalized Risk Assessments: Conduct an assessment of each executive's digital footprint, including their family's online exposure. • Providing Personalized Education And Training: Develop briefings for executives and their families outlining the unique risks they face, alert them to emerging threats and review best practices. • Strengthening Defenses: Whenever possible, assist executives and families in setting up additional security measures, including things like communication channels, device security and access controls. • Extending Cyber Protection Benefits: Consider digital security as part of the executive benefits package, wrapping together comprehensive protections such as identity monitoring, fraud remediation, cyber incident response and cyber insurance. • Establishing Incident Response Processes: Given the prevalence of digital risks, it's wise for every organization to have a cyber incident response plan in place long before it's needed. Outline processes for attacks targeting an executive or family member and ensure they have immediate access to expert support to minimize potential damage. • Speak To Your Commercial Insurance Agent: Though offerings for more comprehensive and specialized personal cyber protections are expanding, it is still an emerging trend. You may need to be vocal about the desire for greater protection. Holistic Security Is Better Security As threat actors grow more sophisticated, companies must match that complexity with holistic, specialized protection that extends beyond office walls and deeper into the digital lives of their leaders. By taking steps before a crisis upends the life of an executive or the assets of the company, an organization will have done more than avoid a singular crisis; it will be better positioned to defend against emerging threats, enhance executive value propositions and operate in a more stable environment. 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Yahoo
4 days ago
- Business
- Yahoo
Cloud Security Market Industry Trends and Market Forecasts Report 2025-2035: Rising Cyber Threats and Cloud Adoption Propel Growth Across Multiple Industries
The global cloud security market is poised to expand from USD 42.01 billion in 2023 to USD 175.32 billion by 2035, growing at a CAGR of 13.86%. Key drivers include rising cyber threats, regulatory compliance needs, and increasing cloud adoption across sectors. Key segments include security types, components, deployment, and end-users. Cloud Security Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Cloud Security Market Industry Trends and Global Forecasts to 2035: Distribution by Type of Security, by Type of Component, by Type of Deployment, by Type of End-User, by Company Size and Key Geographical Regions" report has been added to offering. The global cloud security market size is estimated to grow from USD 42.01 billion in the current year to USD 175.32 billion by 2035, at a CAGR of 13.86% during the forecast period, till 2035 The report presents a comprehensive market analysis with detailed revenue projections for the overall market and its sub-segments, offering value to both established leaders and new entrants. It helps stakeholders gain insight into competitive dynamics, enabling informed decisions on market positioning and go-to-market strategies. Additionally, the report outlines key drivers, barriers, opportunities, and challenges, equipping stakeholders to track market trends and make data-driven decisions to capitalize on growth opportunities. Cloud security, or cloud computing security, involves various controls and policies aimed at protecting applications, data, and the infrastructure associated with cloud computing. It prevents issues like data breaches, the loss of sensitive information, and weaknesses in application programming interfaces (APIs). The rising demand for secure environments from both cloud clients and providers is driving the increased adoption of cloud security services. The cloud security sector is witnessing significant growth, driven by the widespread use of cloud services, particularly cloud storage, across diverse industries. Businesses are moving to cloud platforms for better scalability, cost savings, and support for remote work, which heightens the need for robust security solutions to safeguard sensitive data and applications. Key elements fueling this growth include an increase in cyber threats, the need for compliance with regulations, and the necessity to protect against data breaches. Cloud security includes a variety of solutions, such as identity and access management, data encryption, threat detection within cloud computing, and compliance management. CLOUD SECURITY MARKET: KEY SEGMENTSMarket Share by Type of Security Based on the type of security, the global cloud security market is segmented into business continuity and disaster recovery, cloud database security, cloud encryption, data loss prevention (DLP), email and web security, identity and access management (IAM), network security, security information and event management (SIEM), virtualization. Currently, cloud database security segment captures the majority share of the market. This can be attributed to the increasing amount of data generated across various industries and a heightened awareness of data protection stemming from significant data breaches. However, cloud encryption segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of Component Based on the type of component, the cloud security market is segmented into services and solutions. Currently, solutions segment captures the majority share of the market. This can be attributed to the escalating complexity of cyber threats and the need for comprehensive security strategies. These strategies encompass various cybersecurity solutions for cloud environments, such as IAM, DLP, SIEM, and encryption. However, services segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of Deployment Based on the type of deployment, the cloud security market is segmented into hybrid, private and public. Currently, private cloud segment captures the majority share of the market. This can be attributed to the organizations' desire for greater control and security over their sensitive information as businesses progressively shift critical applications to private infrastructures, which ensures reliability and adherence to regulatory requirements. However, hybrid cloud segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of End-User Based on the type of end-user, the cloud security market is segmented into banking, energy and utilities, finance, government, IT and telecommunication, healthcare and life sciences, manufacturing, retail, security and insurance (BFSI), and others. Currently, banking segment captures the majority share of the market. This can be attributed to the major financial and reputational risks that arise from security breaches in the banking industry. The critical necessity for strong security measures in this sector is a result of the large volume of monetary transactions and sensitive customer information processed on a daily basis. However, healthcare and life sciences segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Company Size Based on the company, the cloud security market is segmented into large and small and medium enterprise. Currently, large enterprises segment captures the majority share of the market. However, small and medium enterprise segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Geographical Regions Based on the geographical regions, the cloud security market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. Currently, North America captures the majority share of the market. This can be attributed to the presence of several leading cloud service providers and cybersecurity firms in the region, such as AWS, Microsoft Azure, and Google Cloud, which play a crucial role in fostering innovation and market growth. Additionally, the stringent regulatory environment in the area, which includes legislation like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), drives organizations to heavily invest in cloud security solutions to ensure compliance. CLOUD SECURITY MARKET: RESEARCH COVERAGE Market Sizing and Opportunity Analysis: An in-depth analysis of the cloud security market, focusing on key market segments, including type of security, type of component, type of deployment, type of end user, company size, geographical regions. Competitive Landscape: A comprehensive analysis of the companies engaged in the Cloud security market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure. Company Profiles: Elaborate profiles of prominent players engaged in the Cloud security market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, cloud security portfolio, moat analysis, recent developments, and an informed future outlook. Megatrends: An evaluation of ongoing megatrends in cloud security industry. Patent Analysis: An insightful analysis of patents filed / granted in the cloud security domain, based on relevant parameters, including type of patent, patent publication year, patent age and leading players. Recent Developments: An overview of the recent developments made in the cloud security market, along with analysis based on relevant parameters, including year of initiative, type of initiative, geographical distribution and most active players. Porter's Five Forces Analysis: An analysis of five competitive forces prevailing in the cloud security market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors. SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter. Type of Security Business Continuity and Disaster Recovery Cloud Database Security Cloud Encryption Data Loss Prevention (DLP) Email and Web Security Identity and Access Management (IAM) Network Security Security Information and Event Management (SIEM) Virtualization Type of Component Services Solutions Type of Deployment Hybrid Private Public Type of End User Banking Energy and Utilities Finance Government IT and Telecommunication Healthcare and Life Sciences Manufacturing Retail Security and Insurance (BFSI) Others Company Size Large Enterprises Small and Medium-sized Enterprises (SMEs) Geographical Regions North America US Canada Mexico Other North American countries Europe Austria Belgium Denmark France Germany Ireland Italy Netherlands Norway Russia Spain Sweden Switzerland UK Other European countries Asia China India Japan Singapore South Korea Other Asian countries Latin America Brazil Chile Colombia Venezuela Other Latin American countries Middle East and North Africa Egypt Iran Iraq Israel Kuwait Saudi Arabia UAE Other MENA countries Rest of the World Australia New Zealand Other countries Players in Cloud Security Market Report Profiled Amazon Web Services Armor Defense Broadcom CA Technologies Check Point Software Technologies Cisco Systems Extreme Networks F5 Fortinet Forcepoint IBM Imperva Intel Kaspersky Labs McAfee Microsoft Okta Palo Alto Networks Pandasecurity Proofpoint Sophos Splunk Symantec Trellix Trend Micro Zscaler ADDITIONAL BENEFITS Complimentary Excel Data Packs for all Analytical Modules in the Report 10% Free Content Customization Detailed Report Walkthrough Session with Research Team Free Updated report if the report is 6-12 months old or older For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Cloud Security CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Cloud Security Market Industry Trends and Market Forecasts Report 2025-2035: Rising Cyber Threats and Cloud Adoption Propel Growth Across Multiple Industries
The global cloud security market is poised to expand from USD 42.01 billion in 2023 to USD 175.32 billion by 2035, growing at a CAGR of 13.86%. Key drivers include rising cyber threats, regulatory compliance needs, and increasing cloud adoption across sectors. Key segments include security types, components, deployment, and end-users. Cloud Security Dublin, June 16, 2025 (GLOBE NEWSWIRE) -- The "Cloud Security Market Industry Trends and Global Forecasts to 2035: Distribution by Type of Security, by Type of Component, by Type of Deployment, by Type of End-User, by Company Size and Key Geographical Regions" report has been added to offering. The global cloud security market size is estimated to grow from USD 42.01 billion in the current year to USD 175.32 billion by 2035, at a CAGR of 13.86% during the forecast period, till 2035 The report presents a comprehensive market analysis with detailed revenue projections for the overall market and its sub-segments, offering value to both established leaders and new entrants. It helps stakeholders gain insight into competitive dynamics, enabling informed decisions on market positioning and go-to-market strategies. Additionally, the report outlines key drivers, barriers, opportunities, and challenges, equipping stakeholders to track market trends and make data-driven decisions to capitalize on growth opportunities. Cloud security, or cloud computing security, involves various controls and policies aimed at protecting applications, data, and the infrastructure associated with cloud computing. It prevents issues like data breaches, the loss of sensitive information, and weaknesses in application programming interfaces (APIs). The rising demand for secure environments from both cloud clients and providers is driving the increased adoption of cloud security services. The cloud security sector is witnessing significant growth, driven by the widespread use of cloud services, particularly cloud storage, across diverse industries. Businesses are moving to cloud platforms for better scalability, cost savings, and support for remote work, which heightens the need for robust security solutions to safeguard sensitive data and applications. Key elements fueling this growth include an increase in cyber threats, the need for compliance with regulations, and the necessity to protect against data breaches. Cloud security includes a variety of solutions, such as identity and access management, data encryption, threat detection within cloud computing, and compliance management. CLOUD SECURITY MARKET: KEY SEGMENTSMarket Share by Type of Security Based on the type of security, the global cloud security market is segmented into business continuity and disaster recovery, cloud database security, cloud encryption, data loss prevention (DLP), email and web security, identity and access management (IAM), network security, security information and event management (SIEM), virtualization. Currently, cloud database security segment captures the majority share of the market. This can be attributed to the increasing amount of data generated across various industries and a heightened awareness of data protection stemming from significant data breaches. However, cloud encryption segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of Component Based on the type of component, the cloud security market is segmented into services and solutions. Currently, solutions segment captures the majority share of the market. This can be attributed to the escalating complexity of cyber threats and the need for comprehensive security strategies. These strategies encompass various cybersecurity solutions for cloud environments, such as IAM, DLP, SIEM, and encryption. However, services segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of Deployment Based on the type of deployment, the cloud security market is segmented into hybrid, private and public. Currently, private cloud segment captures the majority share of the market. This can be attributed to the organizations' desire for greater control and security over their sensitive information as businesses progressively shift critical applications to private infrastructures, which ensures reliability and adherence to regulatory requirements. However, hybrid cloud segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Type of End-User Based on the type of end-user, the cloud security market is segmented into banking, energy and utilities, finance, government, IT and telecommunication, healthcare and life sciences, manufacturing, retail, security and insurance (BFSI), and others. Currently, banking segment captures the majority share of the market. This can be attributed to the major financial and reputational risks that arise from security breaches in the banking industry. The critical necessity for strong security measures in this sector is a result of the large volume of monetary transactions and sensitive customer information processed on a daily basis. However, healthcare and life sciences segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Company Size Based on the company, the cloud security market is segmented into large and small and medium enterprise. Currently, large enterprises segment captures the majority share of the market. However, small and medium enterprise segment is anticipated to grow at a higher CAGR during the forecast period. Market Share by Geographical Regions Based on the geographical regions, the cloud security market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. Currently, North America captures the majority share of the market. This can be attributed to the presence of several leading cloud service providers and cybersecurity firms in the region, such as AWS, Microsoft Azure, and Google Cloud, which play a crucial role in fostering innovation and market growth. Additionally, the stringent regulatory environment in the area, which includes legislation like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), drives organizations to heavily invest in cloud security solutions to ensure compliance. CLOUD SECURITY MARKET: RESEARCH COVERAGE Market Sizing and Opportunity Analysis: An in-depth analysis of the cloud security market, focusing on key market segments, including type of security, type of component, type of deployment, type of end user, company size, geographical regions. Competitive Landscape: A comprehensive analysis of the companies engaged in the Cloud security market, based on several relevant parameters, such as year of establishment, company size, location of headquarters, ownership structure. Company Profiles: Elaborate profiles of prominent players engaged in the Cloud security market, providing details on location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, cloud security portfolio, moat analysis, recent developments, and an informed future outlook. Megatrends: An evaluation of ongoing megatrends in cloud security industry. Patent Analysis: An insightful analysis of patents filed / granted in the cloud security domain, based on relevant parameters, including type of patent, patent publication year, patent age and leading players. Recent Developments: An overview of the recent developments made in the cloud security market, along with analysis based on relevant parameters, including year of initiative, type of initiative, geographical distribution and most active players. Porter's Five Forces Analysis: An analysis of five competitive forces prevailing in the cloud security market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors. SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter. Type of Security Business Continuity and Disaster Recovery Cloud Database Security Cloud Encryption Data Loss Prevention (DLP) Email and Web Security Identity and Access Management (IAM) Network Security Security Information and Event Management (SIEM) Virtualization Type of Component Services Solutions Type of Deployment Hybrid Private Public Type of End User Banking Energy and Utilities Finance Government IT and Telecommunication Healthcare and Life Sciences Manufacturing Retail Security and Insurance (BFSI) Others Company Size Large Enterprises Small and Medium-sized Enterprises (SMEs) Geographical Regions North America US Canada Mexico Other North American countries Europe Austria Belgium Denmark France Germany Ireland Italy Netherlands Norway Russia Spain Sweden Switzerland UK Other European countries Asia China India Japan Singapore South Korea Other Asian countries Latin America Brazil Chile Colombia Venezuela Other Latin American countries Middle East and North Africa Egypt Iran Iraq Israel Kuwait Saudi Arabia UAE Other MENA countries Rest of the World Australia New Zealand Other countries Players in Cloud Security Market Report Profiled Amazon Web Services Armor Defense Broadcom CA Technologies Check Point Software Technologies Cisco Systems Extreme Networks F5 Fortinet Forcepoint IBM Imperva Intel Kaspersky Labs McAfee Microsoft Okta Palo Alto Networks Pandasecurity Proofpoint Sophos Splunk Symantec Trellix Trend Micro Zscaler ADDITIONAL BENEFITS Complimentary Excel Data Packs for all Analytical Modules in the Report 10% Free Content Customization Detailed Report Walkthrough Session with Research Team Free Updated report if the report is 6-12 months old or older For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Cloud Security CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
