The North America Cloud Data Security Market would witness market growth of 13.7% CAGR during the forecast period (2022-2028).
Encryption of data is enabled by default on cloud platforms using encryption keys owned by the platform. Customers can obtain better control over this by introducing their encryption keys and controlling them centrally through cloud-based encryption key management services. For enterprises with more stringent security standards and regulatory requirements, native hardware security module (HSM)-enabled critical management services or even third-party services can be implemented to safeguard data encryption keys.
Implementing a mechanism for data loss prevention (DLP) can be helpful for an organization. Data loss prevention (DLP) is a company's overall security strategy that concentrates on identifying and avoiding the loss, leakage, or misuse of data caused by data breaches, exfiltration, and unauthorized access. A cloud DLP is explicitly developed to secure enterprises that save their data in cloud repositories.
The Mexican eCommerce industry was valued at USD 21 billion in 2017 and expanded at an annual pace of 20%. It is anticipated that the industry will continue to grow due to enhancements in connection, financial inclusion, logistics, and digital literacy. According to reports, multichannel brick-and-mortar (brick-and-click) businesses have seen their internet sales account for 25 percent of total revenues. There were 82 million internet users in 2018, or 71% of the population older than six years. The increasing e-commerce adoption is expected to surge the utilization of cloud data security to protect consumer and business data which will propel the market’s growth in the projected period.
The US market dominated the North America Cloud Data Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,653.6 million by 2028. The Canada market is poised to grow at a CAGR of 15.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.6% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Offering Type, the market is segmented into Co-Managed and Fully Managed. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Defense, Manufacturing, Healthcare & Lifesciences, Retail & eCommerce and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cloud Data Security Market is Predict to reach $10.5 Billion by 2028, at a CAGR of 15.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Google LLC (Alphabet, Inc.), Cisco Systems, Inc., McAfee Corp., Microsoft Corporation, Palo Alto Networks, Inc., Zscaler, Inc., Fortinet, Inc., Check Point Software Technologies Ltd., and IBM Corporation.
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