Cloud Workload Protection Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

 

The global cloud workload protection market is anticipated to grow at a CAGR of 15.2% during the forecast period. An increase in digitization and implementation of advanced technologies such as cloud computing, AI, and IoT by large-scale enterprises drive the growth of cloud workload protection market. Cloud workload protection is used to protect workloads and containers while enabling enterprises to continuously build and run cloud applications with confidence. As workloads pass through multiple vendors and hosts, the responsibility for protecting them must be shared.  Organizations that have embraced digital transformation & innovative automation solutions to remain competitive utilizing digital technologies and cloud computing create significant demand for cloud workload protection solutions.

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Organizations are still migrating to the cloud in parallel to undergoing the “shift-left” organizational change, and security teams find themselves with multiple platforms to manage. For instance, in June 2021, Check Point® Software Technologies Ltd. a provider of cybersecurity solutions globally, expanded the capabilities of its unified cloud-native security platform, to deliver application-first workload protection with Check Point CloudGuard Workload Protection. This fully automated cloud workload security solution empowers security teams with tools to automate security across applications, Application Programming Interfaces (APIs) and microservices from development to runtime via a single interface.

As organizations’ cloud architectures become more complex, assessing security risks and collaborating across teams to mitigate them has become increasingly difficult. While security engineers are responsible for identifying threats and misconfigurations, DevOps teams are responsible for remediating them. For instance, in October 2022, Datadog, Inc. the monitoring and security platform for cloud applications, announced the general availability of Cloud Security Management. This product brings together capabilities from cloud security posture management (CSPM), Cloud Workload Security (CWS), alerting, incident management and reporting in a single platform to enable DevOps and Security teams to identify misconfigurations, detect threats and secure cloud-native applications.

Organizations of all sizes across industries are in the midst of efforts aimed at simplifying, securing, and innovating application-driven digital experiences. An Increases in security threat surface, and as a result customers are forced to deploy inconsistent security controls and lack necessary visibility, particularly for cloud-native deployments. For instance, in December 2022, F5, Inc. launched F5 Distributed Cloud App Infrastructure Protection (AIP), a cloud workload protection solution that expands application observability and protection to cloud-native infrastructures. Powered by technology acquired with Threat Stack, Distributed Cloud AIP is the newest addition to the F5 distributed cloud services portfolio of cloud-native SaaS-based application security and delivery services.

Global Cloud Workload Protection Market Report Segment

By Solutions

  • Monitoring and Logging Policy
  • Vulnerability Assessment
  • Threat Detection
  • Others (Incident Response)

By Deployment Model

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Vertical

  • BFSI
  • Healthcare and Life Sciences
  • Retail and Consumer Goods
  • Manufacturing
  • Media and Entertainment
  • IT and Telecommunications
  • Others (Government and Public Sector, Energy and Utilities)

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Company Profiles

  • AO Kaspersky Lab.
  • Aqua Security Software Ltd.
  • Broadcom
  • Carbon Black, Inc.
  • Cloud Raxak Inc.
  • Cloudaware LLC
  • CloudPassage Inc.
  • Dome9 Security Inc.
  • F5, Inc.
  • Fidelis Cybersecurity Inc.
  • Guardicore Ltd.
  • Hytrust Inc.
  • HYTRUST, INC.

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