Cloud Workload Protection Market Overview (2022 to 2032)

In 2021, the cloud workload protection market will generate USD 2,918.0 Million in sales. The cloud workload protection market is anticipated to reach USD 25,868.9 Million by 2032, increasing at a 22.1% CAGR between 2022 and 2032, supported by:

  • Adoption of cloud workload protection solutions has grown in recent years as a result of a substantial shift in company priorities.
  • Adoption of multi-cloud infrastructure solutions is driving need for cloud workload protection.
  • Adoption of workload protection systems aids in incorporating security into the organization's devOps operations and avoids unneeded complications.

During the COVID-19 crisis, the banking and industrial industries are driving the expansion of the cloud workload protection platform (CWPP) industry. Vendors are boosting their efforts to integrate the bare metal hypervisor in order to provide better visibility to users and assist virtual machine management. However, when it comes to cloud workload security, Linux threats are little documented and poorly understood.

As a result, businesses should enhance their efforts to integrate security mechanisms with diverse technological capabilities by increasing their R&D activities. Developers and engineers are becoming more involved in security procedures in order to accommodate varied runtime settings through automation with lightweight agents that do not possibly damage cloud infrastructure or application performance.

Data Points Key Statistics
Expected Market Value in 2022 USD 3,526.9 Million
Projected Market Value in 2032 USD 25,868.9 Million
Growth Rate (2022 to 2032) 22.1% CAGR

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Development of Cloud Workload Protection Market in North America

North America is expected to dominate the cloud workload protection market. The area is home to leading cloud providers like as Microsoft Corporation and Amazon Web Services, which are constantly improving their cloud solutions and growing their client base. According to IBM, corporate adoption of managed cloud infrastructure services in the United States is expected to reach 68% in 2020, up from 34% in 2018.

Organizations in the area are transitioning away from the public cloud and into a new age of hybrid IT, which blends public cloud, private cloud, and conventional IT. These firms are employing a hybrid cloud approach to help them improve their company and provide services to clients, hence boosting market demand.

Cloud Workload Protection Market

Opportunities abound in the BSFI Segment

The BFSI industry segment is expected to increase at a CAGR of 19.1% over the projection period. With the fast rise of cloud footprint in the last 18 months, banks are progressively implementing cloud security. Approximately 58% of a bank's workloads are being transferred to the cloud. As a result, the BFSI industry is emphasising workload protection to support essential cloud workloads and avoid malware, lateral attacks, and other dangers.

Issues about ransomware attacks and cloud security threats, as well as dangers connected with remote work and cybersecurity concerns related to social engineering, are driving up market demand for cloud workload protection. Furthermore, the financial sector's spike in need for digital transformation is propelling the industry from a cloud-averse to a cloud-first paradigm, creating demand for cloud security solutions.

Cloud workload protection market currently represents around 7.1% sales of the total cloud security market. Adoption of cloud workload protection solutions have gained traction over the years owing to the significant shift in business priorities.

This has led to increased adoption of multi cloud strategies, which empower organizations to distribute the cloud workloads and containers across multiple cloud environments. Adoption of multi-cloud infrastructure solutions is surging the cloud workload protection market demand.

As it maintains hybrid cloud environments secure while maintaining cost efficiency, the demand is expected to nearly double over the coming decade. Implementation of multi-cloud strategies in organizations offers cloud VMs, low latency, workload configuration, optimization in ROI and security focused cloud workloads.

Some of the key factor facilitating the adoption of multiple cloud strategies across cloud environments include robust risk management services, network performance improvements network and risk mitigation offered by multi-cloud solution providers.

Sudip Saha
Sudip Saha

Principal Consultant

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2017 to 2021 Cloud Workload Protection Market Demand Outlook Compared to 2022 to 2032 Forecast

The cloud workload protection market is estimated to grow at 22.1% CAGR between 2022 and 2032 in comparison with 20.4% CAGR during 2017-2021, opines Future Market Insights (FMI). Following the outbreak of COVID-19, the adoption of cloud solutions increased at an exponential rate through 2021.

Another factor improving the adoption of cloud workload protection solutions is the growing need for cloud security solutions for cloud workloads moving across multiple cloud environments.

The adoption of workload protection platforms assists in incorporating security into devOps practices for the organization and eliminates unnecessary complexities. Cloud workload protection platforms provides clear visibility into the cloud environments and offer faster, accurate threat detection.

Will Need for Centralized Data Protection Requirements Drive Cloud Workload Protection Market?

The complexities of cloud environments have increased with the expansion of cloud applications in almost every organization worldwide. Since different risks are carried by different applications, managing cloud security for multiple clients by service providers becomes complex. Hence, cloud protection plays a vital role in securing and simplifying of workloads moving across multiple cloud environments.

Also, the use of various endpoints and devices while utilizing cloud networks is becoming difficult to manage without centralized management. And thus, centralization in management of endpoints and devices results in improved traffic analysis of networks, web filtering and ease in execution of recovery plans.

Hence, the rising demand for robust security solutions to satisfy the frequency and speed requirements of cloud deployments is surging workload protection demand.

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Which Region is Considered to be the Most Remunerative Cloud Workload Protection Market?

South Asia & Pacific region is estimated to be the fastest growing region in the cloud encryption market and is expected to grow by 11.1X during the forecast period (2022 to 2032). Increasing adoption of cloud technologies supported by economic growth in the developing countries. This is fueling the demand for cloud workload protection solutions in South Asia & Pacific.

As companies in South Asia & Pacific region continue to expand their digital footprint, the obstacles arising from an infrastructure perspective have been addressed with the adoption of cloud computing. This has led to the increased demand for identification of different cloud workloads in organizations with emphasis on consumer data protection.

Country-wise Insights

Why is Adoption of Cloud Workload Protection Increasing in the USA?

Integration of Cloud Computing in Organizations to Boost the USA Cloud Workload Protection Market

The cloud workload protection market in the USA is expected to account for nearly 81.2% of North America market share in 2022. With the advent of cloud computing, the USA is witnessing exponential growth in the cloud market owing to its benefits such as scalability, and cost effectiveness.

Demand in the market is also predicted to burgeon with the presence of multiple cloud market organizations, advanced IT infrastructure, and availability of technological resources.

Furthermore, the availability of technical expertise, rapid advancement and quick deployment of emerging technologies will boost the market.

How Big is the Opportunity for Cloud Workload Protection Market in China?

Growing Adoption of Public Cloud and Infrastructure Services to Push Cloud Workload Protection Solutions Demand

East Asia is predicted to remain one of the most attractive markets during the forecast period. According to Future Market Insights, China is estimated to grow by 7.8X during the forecast period.

Digital transformation, rising adoption of public cloud and infrastructure services in China is fueling the growth of the cloud workload protection market. Growing expansion of the services market is fueling the growth and presence of key players, including Alibaba, Tencent, Huawei Technologies and more.

Furthermore, with cybersecurity and data privacy requirements, including national standards and government initiatives for digital transformation is adding to the market demand.

How will Cloud Workload Protection Market Fare in India?

Rising Cyber Attacks Incidence to Facilitate Cloud Workload Protection Solutions Adoption

According to the study, India is estimated to grow by 13.2X during the forecast period. India has been experiencing growth in the adoption of digital technologies since the global pandemic. Growing adoption of cloud services has also impacted the cybersecurity landscape resulting a spike in the number of cyberattacks across the country.

The need to manage cloud workloads across multiple clouds environments with the gaps between business needs and IT capabilities. Risks of ransomware attacks with cyber threats have also contributed for fueling the demand for cloud protection solutions.

Organizations across the country have recognized the significance and requirements of modern data protection solutions. Investments in cloud protection platforms in the country have increased for management of multi cloud infrastructure, prevention of data loss and enhancement of the economics of product and solutions.

Category-wise Insights

Why is Demand for Cloud Workload Protection Platforms Increasing?

Need for Cloud Protection Platforms to Burgeon as Importance of Cloud Security Surges

The cloud workload protection platform segment is expected to showcase highest CAGR through 2032, as per FMI. This segment is forecasted to create absolute opportunity of USD 17,383.9 Million by the end of 2032. Incorporating cloud workload protection platforms ensures on demand scaling of resources for achieving flexible workload security.

The importance of cloud security for business continuity with seamless online collaboration has been highlighted by the COVID-19 pandemic. The exponential growth of cloud workload protection platforms can be observed with dynamic nature of cloud workloads and increased system distribution across various external cloud environments.

Why is Need for Cloud Workload Protection Rising in Small & Mid-Sized Enterprises?

Growing Number of Cyberattacks in SMEs to Boost the Demand for Cloud Workload Protection Market

The small & mid-sized enterprise (SME) segment is expected to grow with the highest CAGR of 23.9% during the forecast period. Risks of cyberattacks and cybersecurity threats are prevailing in small & mid-sized organizations.

Several SMEs are now adopting cloud computing approach for bridging the gaps of cloud security. SMEs with public and multiple cloud vendors are adopting cloud workload protection platforms for bringing automation in security protection of cloud native stacks, while supporting integration workflows.

Also, the rapid growth and transformation in the digital business of small and mid-sized enterprises with the importance of scaling cloud computing is driving the market demand.

Which is the Leading Industry in Cloud Workload Protection Market?

BFSI Sector to Account for Nearly 1/5th of Cloud Workload Protection Market Sales

In terms of industry, the BFSI segment is estimated to grow at a CAGR of 19.1% during the forecast period. Banks are increasingly adopting cloud security with the rapid growth of cloud footprint in the last 18 months.

About 58% of workloads from a bank is being migrated on cloud. Therefore, BFSI industry is prioritizing workload protection for supporting of critical cloud workloads for prevention of malware, lateral threats and more.

Also, concerns associated with ransomware attacks and cloud security threats, risks with remote work and cybersecurity concerns linked with social engineering is increasing the demand for cloud workload protection in the market.

Furthermore, surge in demand for digital transformation in the financial sector is driving the industry from cloud averse to cloud first paradigm driving the demand for cloud security solutions.

Competitive Landscape

Cloud workload management market players are concentrating on enterprise collaborations, partnerships and product innovations for strengthening market position, expansion in geographic footprint and increase in in sales.

  • In December 2021, Kiflo announced geographic expansion of nShield as a service HSM i.e. hardware security module offerings with new data centers in European Union. With this the company also plans expansion in Asia Pacific region and facilitates geo fencing to meet regulatory compliance and data sovereignty mandates.
  • In September 2021, Guardicore announced strategic engagement with Amdocs. The engagement aims in to implement centra security platform at Globe Telecom which will significantly reduce threat surface and mitigate advanced cyber threats.

Scope of Report

Attribute Details
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis USD Million for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa
Key Countries Covered USA, Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa
Key Segments Covered Solution, Enterprise Size, Industry and Region.
Key Companies Profiled McAfee; HyTrust; Guardicore; Sophos Group Plc; Symantec Corporation; Trend Micro, Inc; CloudPassage; Dome9 Security, Inc; Aqua Security Software Ltd; Illumio; Orca Security; Logrhythm
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Cloud Workload Protection Market by Category

By Solution:

  • Cloud Workload Protection Platform
    • Cloud-based
    • On-Premises
  • Services
    • Professional Service
      • Consulting Services
      • Support and Maintenance
      • Training and Education
  • Managed Services

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • BFSI
  • Government
  • IT & Telecom
  • Retail
  • Manufacturing
  • Media & Entertainment
  • Healthcare
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

How much is the global cloud workload protection market worth?

The cloud workload protection market was valued at ~USD 2,918.0 Million in 2021 and is estimated to grow at CAGR of 22.1 % during the forecast period, which will reach the market value of ~USD 25,868.9 Million by 2032.

Which region is expected to display highest growth rate in cloud workload protection market demand during the forecast period?

South Asia & Pacific market is expected to show a rapid growth during the forecast period, where it will represent a CAGR of around 27.2%. The market shares of the South Asia & Pacific region will be around 14.1% in 2022.

What is the India cloud workload protection market outlook?

The cloud workload protection market in India was valued at ~USD 126.2 Million in 2021 and is projected to register CAGR of around 29.4% between 2022 and 2032.

At what rate did the demand for cloud workload protection grow during 2021-2022?

The global cloud workload protection market growth between 2021 and 2022 is around 20.9% CAGR.

What are the top 5 countries driving demand?

The top 5 countries driving demand for cloud workload protection include the USA, China, UK, India, and Japan.

Who are some of the leading companies offering Cloud Workload Protection Solutions?

Some of the leading companies in this landscape are McAfee, Guardicore, Sophos Group, Symantec Corporation, and Illumio among others. As per Future Market Insights, the top players currently cover nearly 27% of the market share.

What will be the last 5-year cloud workload protection market CAGR?

The cloud workload protection market in last 5 years (2017 to 2021) grew at a CAGR of 20.4%.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Key Market Trends
	4. Pricing Analysis
	5. Global Market Demand (in Value in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
	6. Market Background
	7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Solution
		7.1. Platform
			7.1.1. Cloud Based
			7.1.2. On-Premises
		7.2. Services
			7.2.1. Professional Services
				7.2.1.1. Consulting Services
				7.2.1.2. Support & Maintenance
				7.2.1.3. Training and Education
			7.2.2. Managed Services
	8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Enterprise Size
		8.1. Small and Mid-Sized Enterprises (SMEs)
		8.2. Large Enterprises
	9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Industry
		9.1. BFSI
		9.2. Government
		9.3. IT & Telecom
		9.4. Retail
		9.5. Manufacturing
		9.6. Media & Entertainment
		9.7. Healthcare
		9.8. Others
	10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
		10.1. North America
		10.2. Latin America
		10.3. Europe
		10.4. East Asia
		10.5. South Asia & Pacific
		10.6. Middle East & Africa
	11. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	12. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	13. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	14. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	15. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	16. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
	17. Key Countries Analysis- Market
	18. Market Structure Analysis
	19. Competition Analysis
		19.1. McAfee
		19.2. CloudPassage
		19.3. Guardicore
		19.4. Sophos
		19.5. Symantec
		19.6. Trend Micro, Inc
		19.7. HyTrust
		19.8. Dome9 Security, Inc
		19.9. Aqua Security Software Ltd
		19.10. Illumio
		19.11. Orca Security
		19.12. Logrhythm
	20. Assumptions and Acronyms Used
	21. Research Methodology
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