Cloud security software is the foremost industry providing data privacy, security and protection to a wide range of clients. During the current period, online cloud service use has skyrocketed, with major implementation during COVID-19 as online shopping became crucial. Major growth in 2020 helped the industry offset any potential declines brought about by the disruptions. Despite major economic disruptions experienced in 2020, cloud security software companies were in high demand as everything went online. As a result, revenue is expected to grow at a CAGR of 3.5% to $14.0 billion through 2023, even with a slight 1.5% drop in 2023, when profit is set to hit 19.4% of revenue. Companies in this industry offer software and policies to ensure data privacy, security and protection. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Sunny outlook for the cloud: Increased online shopping during the pandemic boosted the industry<br>
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Microsoft Corporation
- Amazon.Com, Inc.
- Cisco Systems, Inc.
- Mcafee, Inc.
- International Business Machines Corporation
- Broadcom Inc.
Methodology
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