Considering the proliferation, that the market witnesses today; Market Research Future (MRFR), in its recently published market study report confirms that the valuation by 2023, posting a double-digit CAGR of around 14% throughout the review period (2017 – 2023). Recent data breaches and security concerns that continue to plague the business on the insecurity of data and assets in the cloud are some of the key driving forces behind the market.Regional Analysis
The North American region heading with the increasing demand due to the rising rate of cloud security infrastructure, dominates the global cloud application security market. The region led by the vast technological advancements offers a favorable platform for cloud application security to evolve further. Factors such as the increasing demand for security solutions in the growing number of business and growing cloud computing market substantiate the market growth in the region. Also, factors such as the rapid adoption of AI and cloud computing are some of the significant driving forces contributing to the Cloud Application Security market in the region.
The Cloud Application Security market in the European region accounts for the second-largest market, globally. Vast technological advancements and proliferation of artificial intelligence (AI) and intelligent connected devices are some of the major factors positively impacting the market growth in the region.
The Asia Pacific [FURL=https://www.marketresearchfuture.com/reports/cloud-application-security-market-4926]Cloud Application Security Market[/FURL] has emerged as a profitable market, globally. Factors such as the increasing number of businesses in the developing countries which are inclined toward automation and are increasingly adopting IoT devices are fostering the growth of the regional market. Besides, the proliferation of artificial intelligence (AI) and smart, connected, portable devices, and the burgeoning IT sector are acting as major tailwinds to the growth in the regional market. Also, the increasing numbers of prominent players in this market drive the market growth cloud application security in the APAC region.
Major Players:
Key players leading the global cloud application security market include Cisco Systems Inc. (U.S), Microsoft Corporation (U.S), Fortinet, Inc. (U.S), Bitglass Inc. (US), Symantec Corporation (U.S), Oracle Corporation (U.S), Proof point Inc. (U.S), Palo Alto Networks, Inc. (U.S), Netskope Inc. (U.S), Cipher Cloud (U.S), Censor Net Ltd. (U.K), Skyhigh Networks (U.S), Trend Micro Inc. (Japan), IBM Corporation (U.S), Zscaler (U.S), Juniper Networks, Inc. (U.S), and McAfee, Inc. (U.S) among others.
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