The report “Cloud Workload Protection Market by Solution (Monitoring and Logging, Policy and Compliance Management, Threat Detection Incident Response), Service, Deployment Model, Organizational Size, Vertical, and Region — Global Forecast to 2023”, The cloud workload protection market size is expected to grow from USD 2.25 Billion in 2018 to USD 6.70 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. The demand for cloud workload protection is driven by various factors, such as the increasing adoption of the multi-cloud strategy among enterprises, centralized policy enforcement, simplified installation of distributed enterprise workloads, dire need to fortify enterprise workloads against unauthorized strikes, and seamless scalability and reduced operational costs.
Cloud services are facing their first real security litmus test since the pandemic’s 2020 arrival accelerated cloud adoption. A new category of security flaws and risks in cloud services since has emerged, raising the stakes for providers and adopters alike.
Thankfully cyberattacks targeting the cloud remain rare so far, with mainly cryptojacking campaigns exploiting misconfigured cloud-account settings in order to siphon computing power for monetization. But with security researchers now regularly unearthing new security flaws and weak default security settings in some of the biggest cloud provider services, it’s only a matter of time when the attacks become more disruptive and destructive.
Cloud-specific security tools such as cloud workload protection platforms (CWPP) for detection and response and cloud security posture management (CSPM) for proactive security are emerging and maturing, as are the security features and functions cloud providers such as Amazon and Microsoft now include in their services.
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Market Players
The major vendors providing Cloud Workload Protection solutions and services are Bracket (US), CloudPassage (US), Dome9 (US), Evident (US), GuardiCore (Israel), HyTrust (US), LogRhythm (US), McAfee (US), Sophos (UK), Symantec (US), Trend Micro (Japan), and Tripwire (US).
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