The Europe Cloud Workload Protection Platform Market would witness market growth of 21.8% CAGR during the forecast period (2023-2030).
The shift toward cloud-first strategies has accelerated the adoption of CWPP solutions. Organizations, recognizing the critical need for enhanced security in the cloud, prioritize implementing CWPP to mitigate risks associated with digital transformation. The zero-trust security model is based on the CWPP principles as it assumes that no entity, whether inside or outside the organization, should be trusted by default. This has led to increased integration of CWPP in implementing zero-trust architectures. High-profile data breaches and cyber-attacks have raised awareness about the vulnerabilities associated with cloud environments.
CWPP solutions are designed to detect and prevent cyber threats that target cloud workloads. This includes malware, ransomware, unauthorized access, and other malicious activities. CWPP detects anomalies in workload behaviour and takes proactive steps to reduce potential dangers by continuously monitoring and analyzing workload activity. CWPP plays a crucial role in managing vulnerabilities within cloud workloads. It identifies and assesses vulnerabilities, ensuring that security patches are applied promptly. This proactive approach helps minimize the attack surface and reduces the risk of exploitation by cyber adversaries.
According to the UK Government, the UK's financial services sector is one of the world's most open, innovative, and dynamic. The United Kingdom represents 11% of the global fintech industry. It is home to an estimated 2,500 fintech companies, with six of the top ten in London. The BFSI sector deals with highly sensitive financial data in the UK, including customer transactions, account details, and payment information. Banks in the UK increasingly offer cloud-based services, including online banking, mobile banking, and digital payment platforms. All these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Cloud Workload Protection Platform Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $864.3 million by 2030. The UK market is exhibiting a CAGR of 20.8% during (2023 - 2030). Additionally, The France market would experience a CAGR of 22.7% during (2023 - 2030).
Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Public, Private, and Hybrid. Based on Component, the market is segmented into Solution (Vulnerability Assessment, Threat Detection & Response, Runtime Security, Compliance Management, Monitoring, Others), and Services. Based on End-use, the market is segmented into BFSI, Government & Public Sector, Energy & Utilities, Healthcare & Lifesciences, Media & Entertainment, Manufacturing, Retail & eCommerce, IT & Telecom, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cloud Workload Protection Platform Market will Hit $13.2 Billion by 2030, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trend Micro, Inc., Palo Alto Networks, Inc., Broadcom, Inc., SentinelOne, Inc., Microsoft Corporation, Trellix (Symphony Technology Group), Orca Security Ltd., Sysdig, Inc., Check Point Software Technologies Ltd., and Cisco Systems, Inc.
By Organization Size
By Deployment Type
By Component
By End-use
By Country
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