Cloud workload is an essential part of cloud-based applications. Cloud workload protection is the process of securing the workloads that move across different cloud environments. It is necessary for the workload to be functional so that a cloud-based application can work properly without creating any security risks. Cloud workload security and workload protection for application services are different from application security available on on-premises systems. Cyber attackers have increased the number of malicious attacks to target businesses. Furthermore, security strategies that depend on preventive endpoint protection or limiting access to endpoint devices are missing in the cloud infrastructure. To prevent the damages made by cyber-attackers, businesses are using private and public clouds, which need to be protected from the harm at the workload level. Workload is comprised of different procedures and resources that assist an application and the interactions with it.
COVID-19 scenario analysis:
- The increased adoption of latest technologies by various industries in the COVID-19 pandemic situation to survive their businesses has resulted to the adoption of cloud-based services. The cloud services help organizations to integrate traditional on-premises systems with connected web applications to ease the work and facilitate work remotely from distant locations.
- The need for cloud workload protection has increased in the pandemic situation to protect the cloud application from cyber-attacks and protect confidential data. The need to protect confidential data and reduce the operational cost drives the market growth. The government initiative to deploy the latest technologies in various sectors such as BFSI, retail, and infrastructure development during pandemic situations propels the cloud workload protection market growth.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The increase in need of multi cloud strategy in various businesses, decrease in operational cost using latest technologies, and adoption of centralized policy implementation are some of the factors, which drive the growth of the cloud workload protection market. In addition, the growing need for securing the public cloud workloads is driving the market growth. However, lack of skilled expertise and multiple regulatory agreements along with the budget constraint are factors, which hamper the market growth. Furthermore, the increasing demand for cloud workload protection solutions and services from BFSI segment provides lucrative opportunities to the growth of the cloud workload protection market.
The market trends for cloud workload protection market are as follows:
Deployment of hybrid cloud to ensure better productivity
The deployment of hybrid cloud is expected to observe significant growth as compared to that of the other cloud services. Hybrid cloud provides some benefits such as managing huge data and high processing speed. Businesses are using hybrid cloud to scale computing resources and reducing the capital investment in managing high data processing. With increased adoption of hybrid cloud across businesses, the need for a cloud workload protection platform also increases.
A hybrid cloud protection platform provides a way for the information security and helps to manage policies and monitoring issues such as threats and infringements. Furthermore, this platform provides assistance to a wide variety of security and operations tasks from data breach detection and protection against malicious software.
North America is expected to lead the market in the forecasted period
North America is expected to lead the market during the forecast period. The region is the hub for various key players providing cloud-based services. Companies in the region are innovating and merging cloud platform to hybrid IT, which combines the public cloud, private cloud, and traditional IT. These companies are executing a hybrid cloud strategy to assist them in improving their business activities and delivering services to the users.
Key benefits of the report:
- This study presents analytical depiction of the cloud workload protection market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the cloud workload protection market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the cloud workload protection market.
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
Questions answered in the cloud workload protection market research report:
- Who are the leading market players active in cloud workload protection market?
- What would be the detailed impact of COVID-19 on cloud workload protection market?
- What current trends would influence the market in the next few years??
- What are the driving factors, restraints, and opportunities in the cloud workload protection market?
- What are the projections for the future that would help in taking further strategic steps?
Cloud Workload Protection Market Report Highlights
| Aspects | Details |
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 By Service |
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 By Component |
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 By Deployment Model |
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 By Enterprise Size |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | McAfee Corp, Nutanix Inc., Dome9 Security Inc, Sophos Ltd, NortonLifeLock Inc, Trend Micro Inc, Qualys Inc., Alphabet Inc, Fidelis Cybersecurity Inc, Hytrust Inc. |
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