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Hybrid Cloud Workload Security Market Size

  • Report ID: 3019
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Hybrid Cloud Workload Security Market Size

Hybrid Cloud Workload Security Market size was valued at USD 2.11 billion in 2023 and is anticipated to reach USD 35.68 billion by the end of 2036, registering around 24.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hybrid cloud workload security is assessed at USD 2.52 billion.

The growth in adoption of hybrid cloud workload security, along with the rising need to secure cloud workloads are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the increasing demand to control unidentified & unofficial workloads and the concerns related to privacy & safety of cloud technology. It is estimated that more than 72% of the global enterprises will shift to cloud storage from on-premise data centers, by 2022.

Hybrid-Cloud-Workload-Security-Market-Size
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Author Credits:  Abhishek Verma


  • Report ID: 3019
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growth in adoption of hybrid cloud workload security and the rising need to secure cloud workloads are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

The lack of skilled expertise required to handle complex cloud workload security and lack of awareness about hybrid cloud workload protection among small enterprises are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increase in automation and evolved technological requirements of enterprises in the region.

The major players dominating the hybrid cloud workload security market are Trend Micro, Sysdiq, VMware, and Cisco Systems among others.
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