Despite the COVID-19 crisis, the global market for Cloud Security, which was previously estimated at US$7 billion, is expected to grow to US$15 billion by 2026, growing at a CAGR of 13.3 percent during the analysis period. Cloud IAM, one of the report’s segments, is expected to grow at a 14.2 percent CAGR and reach US$8.3 billion by the end of the analysis period. Following a thorough examination of the business implications of the pandemic and the resulting economic crisis, growth in the Cloud Email Security segment is revised to a revised 13.5 percent CAGR over the next seven years.
The U.S. The market is estimated at $2.4 Billion in 2021, While China is Forecast to Reach $2.6 Billion by 2026
The Cloud Security market in the U.S. is estimated at US$2.4 Billion in the year 2021. China, the world`s second-largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2026 trailing a CAGR of 12.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 11.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
Cloud IDS/IPS Segment to Reach US$2.6 Billion by the year 2026
In the global Cloud IDS/IPS segment, the USA, Canada, Japan, China, and Europe will drive the 12% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest-growing in this cluster of regional markets.
