Scienza e Tecnologia
Cloud Security Market To Expand At 14.6% CAGR By 2027, Owing To Rising Number Of Cyber-Attacks & Increasing Investment In Cloud Infrastructure Globally | Million Insights
The demand for cloud security is expected to increase during the forecast period due to the rising number of cyber-attacks, and data breaches. In addition, industry players are also playing an important role in implementing compliance laws and regulations according to industry-wide standards. Increasing policy implementation and demand for security services are expected to drive the cloud security market growth in the next few years.
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Moreover, diverse threat vectors and versatility of data lead to security-as-a-service offerings. Sharing responsibility between cloud end users and cloud service providers for data security is expected to witness a significant impact on market growth. Further, technologies like convergence and virtualization coupled with initiatives like computer emergency readiness teams (CERTs) is expected to support for implementing security at a high level for cloud infrastructure.
Growing sophistication in hacking techniques, as well as technological advancements in cyberespionage, are unleashing new attacks like advanced persistent threats (APTs), ransomware, zero-day threats, malicious insider, distributed denial of service (DDoS). As a result, industry players are focusing on partnerships and collaborations to tackle such cyber-attacks.
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