According to a new report, published by KBV research, The Global Cloud Compliance Market size is expected to reach $64.3 billion by 2028, rising at a market growth of 14.2% CAGR during the forecast period.
The Large Enterprises segment acquired maximum revenue share in the Global Cloud Compliance Market by Organization Size in 2021 thereby, achieving a market value of $37.7 billion by 2028. An organization's storage of documents and data expands as it expands. For various procedures, many files are transferred back and forth. Conflicts and difficulties develop as a result of this increase in data. These are avoided by cloud computing by facilitating greater document and data control.
The Activity Monitoring & Analytics segment is showcasing CAGR of 14.8% during (2022 - 2028). Monitoring is a necessity for almost every significant compliance framework and legislation since it is the most accurate way to identify and track users who really are accessing data on business systems. As monitoring the cloud framework and user’s action is becoming crucial, the demand for cloud compliance would rise in this segment.
The Software-as-a-Service (SaaS) segment is registering the high market share in the Global Cloud Compliance Market by Cloud Model in 2021 thereby, achieving a market value of $28.2 billion by 2028. SaaS, or software as a service, allows businesses to subscribe to programs without the need for internal employee maintenance. Enterprises are drawn to SaaS security solutions by features like compliance and industry regulation solutions, DLP, and advanced malware prevention.
The Services segment has shown the growth rate of 16.3% during (2022 - 2028). Various service providers offer guidance, resources, and products to uphold compliance and keep businesses' clouds operating effectively. These services give companies a chance to delegate routine but crucial management tasks, such as security and compliance, to professionals whose main responsibility is to guarantee the success and security of managed cloud environments.
The BFSI segment is leading the Global Cloud Compliance Market by Vertical in 2021 thereby, achieving a market value of $17.7 billion by 2028. Regulatory bodies regularly emphasize how crucial it is for financial companies to comply with all applicable laws & regulations. Financial services organizations are aware of the significance of regulatory compliance when business-critical software and other data migrate to the cloud. The main reason that cloud services were created was to satisfy the many legal and regulatory requirements.
The North America market dominated the Global Cloud Compliance Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $21.3 billion by 2028. The Europe market is exhibiting a CAGR of 13.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 15.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cloud-compliance-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Microsoft Corporation, IBM Corporation, Oracle Corporation, Broadcom, Inc. (Symantec Corporation), Qualys, Inc., Check Point Software Technologies Ltd., AT&T Inc. (AT&T Intellectual Property), Palo Alto Networks, Inc., Sophos Group PLC (Thoma Bravo), and Nutanix, Inc.
By Organization Size
By Application
By Cloud Model
By Component
By Vertical
By Geography
Companies Profiled
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