Hybrid Cloud Workload Security Segmentation
Deployment Model (Hybrid Cloud, Private Cloud, Public Cloud)
The hybrid cloud deployment model segment of hybrid cloud workload security market is poised to hold a leading revenue share of 45.6% throughout the forecast period. The growth of the segment is positively impacted by a rising number of businesses that seek flexibility in managing sensitive data. Additionally, the hybrid cloud deployment model provides the cost-effectiveness of public cloud along with the security of private cloud. In February 2024, IBM, a premier player in the sector, acquired Red Hat and announced an upgraded version of its Cloud Paks platform, which is slated to facilitate improved hybrid cloud integration across multiple industries.
Solution Type (Cloud Workload Protection Platforms, Cloud Security Posture Management, Cloud Infrastructure Entitlement Management)
The cloud security posture management (CSPM) is projected to hold a dominant revenue share of 38.3% by the end of 2037. A key factor in the growth is the ability of CSPM solutions to detect and remediate cloud misconfigurations. As per a NIST report in 2023, more than 80% of cloud security failures are associated with misconfiguration, creating opportunities for the deployment of CSPM tools. With cloud misconfigurations rising across various regions, CSPM adoptions is poised to be propelled to mitigate risks.
Our in-depth analysis of the global hybrid cloud workload security market includes the following segments:
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