Cloud Workload Protection Market Share

North American Market Forecast

Cloud workload protection market in North America is predicted to account for the largest share of 45% by 2037 impelled by the growing number of enterprises. As a result, there is rising anxiety in the United States regarding cybersecurity dangers that can affect small organizations just as much as they can big ones, leading to a higher demand for cloud workload protection platforms. For instance, it is predicted that there will be more than 126,250 enterprises in the US by 2026.

In addition, all sizes of businesses are spending more on the cloud, driven by rising cloud usage in the region. The United States yearly expenditure on cloud services is currently approaching USD 99 billion and is increasing at a rate of more than 25% per year. Moreover, the public cloud market in the United States is expected to be the largest geographically, with projected spending of more than USD 690 billion by 2027.

European Market Statistics

The Europe cloud workload protection market is estimated to be the second largest, during the forecast period led by the growing popularity of cloud computing services. Moreover, between 2021 and 2023, cloud computing adoption in Europe grew by more than 3% points (pp) fueled by growing customer demand and the SaaS segment's increasing use. For instance, more than 45% of EU businesses made cloud computing purchases in 2023.