The Asia Pacific Multi-cloud Security Market would witness market growth of 17.9% CAGR during the forecast period (2022-2028).
In a multi-cloud setup, businesses can avoid onerous lock-in regulations and change cloud providers anytime the initial provider seems no longer capable of meeting the business objectives. By dispersing company data and apps across various clouds, the business can ensure that an outage will only affect a small portion of the company infrastructure. As a result, the company's business processes will continue to run mostly unaltered, minimizing the effects of outages. Organizations may achieve all of the aforementioned advantages without running the danger of losing or exposing their data with the help of a multi-cloud security strategy.
Enterprises can manage SaaS, PaaS, and IaaS clouds under a single diverse architecture owing to multi-cloud management solutions. Multi-cloud security tools also enable the management and deployment of enterprise-class applications across private, public, and hybrid clouds. Businesses can also increase security while simplifying cloud storage administration. Over the projection period, the industry's growth is anticipated to be fueled by the continuous rollout of 5G high-speed networks, technological advancements in recent years, including artificial intelligence and machine learning, and improved flexibility provided by recent breakthroughs in cloud computing.
In Singapore, the Infocomm Media Development Authority (IMDA) has shifted its focus to promote the vibrancy and expansion of the Infocomm industry through the progression of a cloud environment. This shift in focus is due to the paradigm change in computing where enterprises and end users can reach infocomm solutions via cloud computing. The cloud has recently become the de facto platform that accelerates and facilitates the delivery of integrated digital Services supported by developing technologies, especially with the introduction of IMDA Services 4.0 in November 2018. Such efforts by the regional governments are propelling the growth of the multi-cloud security market.
The China market dominated the Asia Pacific Multi-cloud Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,001.2 million by 2028. The Japan market is estimated to grow a CAGR of 17.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 18.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Network Security, Application Security and Endpoint & IoT Security. Based on Cloud Model, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Healthcare, Telecommunications, Retail & Ecommerce, Media & Entertainment, Manufacturing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Multi-cloud Security Market is Projected to reach USD 12.6 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, VMware, Inc., Rackspace Technology, Inc., Check Point Software Technologies Ltd., Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, BMC Software, Inc. (KKR & Co., Inc.), Proofpoint, Inc., Aqua Security Software Ltd., and Imperva, Inc.
By Offering
By Application
By Cloud Model
By Organization Size
By Vertical
By Country
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