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Multi-cloud Security Market by Offering (Solution and Services), Cloud Model (IaaS, PaaS, and SaaS), Application (Network, Endpoint), Verticals (BFSI, Healthcare, IT and ITeS, Retail and eCommerce), Organization Size Region - Forecast to 2027

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    Report

  • 278 Pages
  • January 2023
  • Region: Global
  • Markets and Markets
  • ID: 5738899
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The global multi-cloud security market is projected to grow from an estimated USD 4.4 billion in 2022 to USD 10.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 18.7% from 2022 to 2027.

Some of the factors driving the market growth include implementation of stringent regulatory standards, and the requirement by organizations for a unified multi-cloud security solution. However, limited skilled expertise for deployment of multi-cloud security solutions is expected to hinder the market growth.

SMEs segment to grow at highest CAGR during the forecast period

According to the Organization for Economic Co-operation and Development (OECD), SMEs employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees in the European Union. However, some countries set the limit at 200 employees, while the US considers SMEs to include firms with fewer than 500 employees. SMEs are moving towards adopting multi-cloud security solutions and services. SMEs often possess limited budgets and a limited number of employees. Using more than one cloud vendor provides optimum security and disaster backup recovery. Data and workload can be maintained in different cloud platforms to maintain compliance with data security regulations. A major concern for SMEs is the cost of cloud services, and pricing is a major challenge. Although, with the adoption of multi-cloud security solutions, SMEs can choose vendors with the best pricing based on requirements. The provisions of businesses are susceptible to change and need to be scalable. Using multi-cloud solutions allows companies to switch vendors and services as per requirements, thus giving SMEs the leverage to boost productivity and functionality. The multi-cloud deployment helps avoid vendor lock-in, evaluates the terms and conditions of each vendor cloud service, and supports profit gain. Moreover, cybercrimes are growing in sophistication, adding risk to the IT networks of enterprises. According to a report by CyberPeace Foundation, Cybersecurity for SMEs and startups, 43% of cyberattacks target small businesses. Multi-cloud security solutions help enhance the security infrastructure of SMEs, thereby driving the growth of this segment.

IaaS segment to hold the largest market size during forecast period

IaaS is a form of cloud computing where equipment is provided and managed by an external provider. The equipment and instruments in the cloud environment can include a variety, from virtual servers to network connections and load balancers. The virtualization of the hardware allows businesses to scale their IT solutions easily. Virtualization of hardware also additionally helps growing companies or those working on temporary projects with the ability to scale their businesses. IaaS delivers computing infrastructure as on-demand services. The user purchases servers or network equipment in this model and rents resources through a fully outsourced and on-demand service model. It enables scalability, and the resources are distributed as a service. Popular infrastructure services include Amazon's Elastic Compute, the Google Compute Engine, and Microsoft Azure. IaaS has become a target for cyberattacks attempting to hijack IaaS resources to launch denial-of-service attacks, run botnets, or mine cryptocurrencies. Attackers who successfully infiltrate an organizations’ infrastructure resources, can leverage those accounts to access other parts of the enterprise architecture. The adoption of multi-cloud security solutions and services help create a secure environment.

Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific is experiencing increasing digitalization in the recent years. According to the Asia Pacific Economic Cooperation, SMEs are the engines of growth in the Asia Pacific region. They contribute significantly to the economic growth. These firms are increasingly adopting multi cloud infrastructure for deploying their organizations’ resources. The new age startups and unicorns across the region are focusing more on managing applications and product delivery. This factor has led to organizations moving towards serverless computing and cloud infrastructure. According to the multi-cloud maturity index report, commissioned by VMware, 98% of respondents from India and Singapore reported that multi cloud had a positive impact on revenue growth, while 79% of those from Japan, mentioned the same. Several initiatives are being taken up by the governments and organizations in the region, related to cloud-based solutions. The region is also witnessing increasing cyberattacks. According to IBM global analysis, Asia is the most targeted region by cyberattacks, representing 26% of the attacks analyzed in 2021. Factors including increasing digitalization and growing cyberattacks are the major factors fueling the adoption of multi-cloud security solutions and services.

Breakdown of Primaries

The primary sources from the supply side included various industry experts, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the multi-cloud security market.

  • By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation: C-level - 40%, Managerial and Other levels - 60%
  • By Region: Asia Pacific - 45%, Europe - 35%, and North America - 20%

The major multi-cloud security market vendors include Microsoft (US), VMware (US), Rackspace (UK), Check Point (Israel), F5 (US), Amazon Web Services (US), Fujitsu (Japan), Entrust (US), Google Cloud (US), Cloudflare (US), IBM (US), Cloud4C (Singapore), Proofpoint (US), Lacework (US), BMC Software (US), SonicWall (US), Atos (France), Imperva (US), Micro Focus (UK), Aqua Security (Israel), Aviatrix (US), Saviynt (US), Tufin (US), Distology (UK), Fortanix (US), Illumio (US), Fidelis Cybersecurity (US), Valtix (US), Orca Security (US), Ascend Technologies (US), Ermetic (US), Caveonix (US), and AccuKnox (US).

Research Coverage

The report segments the multi-cloud security market and forecasts its size, by offering (solutions, services), cloud model (IaaS, PaaS, and SaaS), application (network security, application security, and endpoint and IoT security), verticals (BFSI, healthcare, IT &ITeS, retail and eCommerce, and others), organization size (large enterprises, SMEs), and region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying Report

The report is expected to help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall multi-cloud security market and sub-segments. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates, 2020-2021
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 1 Multi-Cloud Security Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
Figure 2 Market Size Estimation Methodology - Approach 1 (Supply-Side): Revenue from Software/Services of Multi-Cloud Security Vendors
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply-Side) Analysis
Figure 4 Market Estimation Approach: Research Flow
Figure 5 Market Size Estimation Methodology: Approach 2, Bottom-Up (Demand-Side)
2.3 Data Triangulation
Figure 6 Market: Data Triangulation
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Company Evaluation Quadrant Methodology
Figure 7 Company Evaluation Quadrant: Criteria Weightage
2.6 Evaluation Quadrant Methodology for Startups
Figure 8 Evaluation Quadrant for Startups: Criteria Weightage
2.7 Study Assumptions
2.8 Limitations
Figure 9 Multi-Cloud Security Market: Limitations

3 Executive Summary
Figure 10 Market to Witness High Growth During Forecast Period
Figure 11 Market: Segmentation Snapshot
Figure 12 Market: Regional Snapshot

4 Premium Insights
4.1 Attractive Opportunities for Market Players
Figure 13 Increasing Adoption of Multi-Cloud Security Solutions due to Rising Cyberattacks to Drive Market Growth
4.2 Multi-Cloud Security Market, by Offering, 2022-2027
Figure 14 Solutions Segment to Account for Largest Market Share During Forecast Period
4.3 Market, by Cloud Model, 2022-2027
Figure 15 Iaas Segment to Account for Largest Market Share During Forecast Period
4.4 Market, by Organization Size, 2022-2027
Figure 16 Large Enterprises Segment to Account for Largest Market Share During Forecast Period
4.5 Market, by Verticals, 2022-2027
Figure 17 Bfsi Segment to Account for Largest Market Share During Forecast Period
4.6 Regional Growth Opportunities
Figure 18 Asia-Pacific Region to Offer Lucrative Opportunities for Growth During Forecast Period

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 19 Multi-Cloud Security Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Rising Need for Unified Multi-Cloud Security Solutions due to Increasing Cyberattacks
5.2.1.2 Growing Government Support for Multi-Cloud Security Solutions
5.2.2 Restraints
5.2.2.1 Shortage of Skills Necessary to Deploy Multi-Cloud Security Solutions
5.2.3 Opportunities
5.2.3.1 Adoption of Byod and Remote Working Models
5.2.4 Challenges
5.2.4.1 Complexities Associated with Multi-Cloud Security Solutions and Services
5.2.4.2 Disaster Recovery Planning
5.3 Ecosystem Mapping
Figure 20 Multi-Cloud Security Market: Ecosystem
Table 3 Market: Ecosystem Role
5.4 Technology Analysis
5.4.1 Ai/Ml and Multi-Cloud Security
5.4.2 Big Data Analytics and Multi-Cloud Security
5.4.3 Blockchain Technology with Multi-Cloud Security
5.4.4 Zero Trust Network Access
5.4.5 Cloud-Native Application Protection Platform
5.5 Regulatory Landscape
5.5.1 Payment Card Industry Data Security Standard (Pci-Dss)
5.5.2 General Data Protection Regulation (Gdpr)
5.5.3 California Consumer Privacy Act (Ccpa)
5.5.4 Personal Information Protection and Electronic Documents Act (Pipeda)
5.5.5 Health Insurance Portability and Accountability Act (Hipaa)
5.5.6 International Organization for Standardization (Iso) Standard 27001
5.5.7 Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 List of Regulatory Bodies, Government Agencies, and Other Organizations
5.6 Patent Analysis
Figure 21 Multi-Cloud Security Market: Patent Analysis
5.7 Use Cases
5.7.1 Use Case 1: Aqua Security Helps Ncr Corporation to Securely Transit to Multi-Cloud Microservices Application
5.7.2 Use Case 2: Viutv Chooses Cloudguard Cloud Security Posture Management to Secure Multi-Cloud Environment
5.7.3 Use Case 3: O.C. Tanner Protects Customer Data Across Hybrid, Multi-Cloud, and Multi-Site Environments
5.7.4 Use Case 4: Cadence Uses Cloudguard Posture Management for Robust Security Across Its Multi-Cloud Environment
5.8 Pricing Analysis
Table 5 Market: Average Selling Price of Products Offered by Key Players
5.8.1 Average Selling Price (ASP) Trend
5.9 Supply Chain Analysis
Figure 22 Market: Supply Chain
5.9.1 Multi-Cloud Security Solution and Service Providers
5.9.2 System Integrators
5.9.3 Sales Service Providers and Distributers
5.9.4 End-users
5.10 Porter's Five Forces Model Analysis
Figure 23 Market: Porter's Five Force Analysis
Table 6 Multi-Cloud Security Market: Impact of Porter's Five Forces
5.10.1 Threat of New Entrants
5.10.2 Threat of Substitutes
5.10.3 Bargaining Power of Suppliers
5.10.4 Bargaining Power of Buyers
5.10.5 Intensity of Competitive Rivalry
5.11 Trends and Disruptions Impacting Customers’ Businesses
Figure 24 Market: Trends and Disruptions Impacting Customers’ Businesses
5.12 Key Stakeholders and Buying Criteria
5.12.1 Impact of Key Stakeholders on Buying Process
Figure 25 Influence of Stakeholders on Buying Process (%)
Table 7 Influence of Stakeholders on Buying Process (%)
5.13 Key Conferences and Events, 2022-2023
Table 8 Market: List of Conferences and Events

6 Multi-Cloud Security Market, by Offering
6.1 Introduction
Figure 26 Services Segment to Exhibit Highest CAGR During Forecast Period
Table 9 Market, by Offering, 2016-2021 (USD Million)
Table 10 Market, by Offering, 2022-2027 (USD Million)
6.2 Solutions
6.2.1 Increasing Cyber Threats to Fuel Demand
6.2.2 Solutions: Market Drivers
Table 11 Solutions: Market, by Region, 2016-2021 (USD Million)
Table 12 Solutions: Market, by Region, 2022-2027 (USD Million)
6.3 Services
6.3.1 Rising Deployment of Multi-Cloud Security Solutions to Create Need for Services
6.3.2 Services: Market Drivers
Table 13 Services: Market, by Region, 2016-2021 (USD Million)
Table 14 Services: Market, by Region, 2022-2027 (USD Million)

7 Multi-Cloud Security Market, by Cloud Model
7.1 Introduction
Figure 27 Saas Segment to Record Highest CAGR During Forecast Period
Table 15 Market, by Cloud Model, 2016-2021 (USD Million)
Table 16 Market, by Cloud Model, 2022-2027 (USD Million)
7.2 Infrastructure-As-A-Service (Iaas)
7.2.1 Virtualization of Hardware and Enhanced Scalability to Drive Market
7.2.2 Iaas: Market Drivers
Table 17 Iaas: Market, by Region, 2016-2021 (USD Million)
Table 18 Iaas: Market, by Region, 2022-2027 (USD Million)
7.3 Platform-As-A-Service (Paas)
7.3.1 Subscription-Based Models with Streamlined Integration to Support Market Growth
7.3.2 Paas: Market Drivers
Table 19 Paas: Market, by Region, 2016-2021 (USD Million)
Table 20 Paas: Market, by Region, 2022-2027 (USD Million)
7.4 Software-As-A-Service (Saas)
7.4.1 Cost-Efficient Model with Enhanced Flexibility to Drive Market
7.4.2 Saas: Market Drivers
Table 21 Saas: Market, by Region, 2016-2021 (USD Million)
Table 22 Saas: Market, by Region, 2022-2027 (USD Million)

8 Multi-Cloud Security Market, by Organization Size
8.1 Introduction
Figure 28 Smes Segment to Witness Highest CAGR During Forecast Period
Table 23 Market, by Organization Size, 2016-2021 (USD Million)
Table 24 Market, by Organization Size, 2022-2027 (USD Million)
8.2 Large Enterprises
8.2.1 Minimized Vendor Lock-Ins and Regulatory Compliance to Drive Adoption
8.2.2 Large Enterprises: Market Drivers
Table 25 Large Enterprises: Market, by Region, 2016-2021 (USD Million)
Table 26 Large Enterprises: Market, by Region, 2022-2027 (USD Million)
8.3 Smes
8.3.1 Enhanced Customer Experience and Security Infrastructure to Fuel Demand for Multi-Cloud Solutions
8.3.2 Smes: Market Drivers
Table 27 Smes: Market, by Region, 2016-2021 (USD Million)
Table 28 Smes: Market, by Region, 2022-2027 (USD Million)

9 Multi-Cloud Security Market, by Application
9.1 Introduction
Figure 29 Application Security Segment to Register Highest CAGR During Forecast Period
Table 29 Market, by Application, 2016-2021 (USD Million)
Table 30 Market, by Application, 2022-2027 (USD Million)
9.2 Network Security
9.2.1 Integration of Cloud Platforms and Deployment of Virtual Security Gateways to Drive Market
9.2.2 Network Security: Market Drivers
Table 31 Network Security: Market, by Region, 2016-2021 (USD Million)
Table 32 Network Security: Market, by Region, 2022-2027 (USD Million)
9.3 Application Security
9.3.1 Ability to Protect Applications and Data in Collaborative Cloud Environments to Drive Market
9.3.2 Application Security: Market Drivers
Table 33 Application Security: Market, by Region, 2016-2021 (USD Million)
Table 34 Application Security: Market, by Region, 2022-2027 (USD Million)
9.4 Endpoint and IoT Device Security
9.4.1 Strong Focus on Remediating Threats and Securing Endpoint Networks to Drive Market
9.4.2 Endpoint and IoT Device Security: Market Drivers
Table 35 Endpoint and IoT Device Security: Market, by Region, 2016-2021 (USD Million)
Table 36 Endpoint and IoT Device Security: Market, by Region, 2022-2027 (USD Million)

10 Multi-Cloud Security Market, by Verticals
10.1 Introduction
Figure 30 Retail and E-Commerce Segment to Grow at Highest CAGR During Forecast Period
Table 37 Market, by Verticals, 2016-2021 (USD Million)
Table 38 Market, by Verticals, 2022-2027 (USD Million)
10.2 Bfsi
10.2.1 Rising Need to Protect Sensitive Data from Cloud Attacks to Increase Need for Security Solutions
10.2.2 Bfsi: Market Drivers
Table 39 Bfsi: Market, by Region, 2016-2021 (USD Million)
Table 40 Bfsi: Market, by Region, 2022-2027 (USD Million)
10.3 Healthcare
10.3.1 Rising Need to Protect Critical Digital Data to Increase Requirement for Virtualized Solutions
10.3.2 Healthcare: Market Drivers
Table 41 Healthcare: Market, by Region, 2016-2021 (USD Million)
Table 42 Healthcare: Market, by Region, 2022-2027 (USD Million)
10.4 Telecommunication
10.4.1 Growing Trend to Deliver Enhanced Digital Experiences and Rising Need to Encounter Cloud-Based Cyber Attacks to Drive Market
10.4.2 Telecommunication: Multi-Cloud Security Market Drivers
Table 43 Telecommunication: Market, by Region, 2016-2021 (USD Million)
Table 44 Telecommunication: Market, by Region, 2022-2027 (USD Million)
10.5 It and Ites
10.5.1 Rising Trend of Remote Work to Drive Utilization of Security Services
10.5.2 It and Ites: Market Drivers
Table 45 It and Ites: Market, by Region, 2016-2021 (USD Million)
Table 46 It and Ites: Market, by Region, 2022-2027 (USD Million)
10.6 Retail and E-Commerce
10.6.1 Growing Trend of Retail Apps and E-Commerce to Drive Market
10.6.2 Retail and E-Commerce: Market Drivers
Table 47 Retail and E-Commerce: Market, by Region, 2016-2021 (USD Million)
Table 48 Retail and E-Commerce: Market, by Region, 2022-2027 (USD Million)
10.7 Media and Entertainment
10.7.1 Rising Need for Scalability and Storage of Data to Boost Demand for Security Solutions
10.7.2 Media and Entertainment: Market Drivers
Table 49 Media and Entertainment: Multi-Cloud Security Market, by Region, 2016-2021 (USD Million)
Table 50 Media and Entertainment: Market, by Region, 2022-2027 (USD Million)
10.8 Manufacturing
10.8.1 Data Breaches to Support Adoption of Multi-Cloud Security Solutions by Manufacturing Firms
10.8.2 Manufacturing: Market Drivers
Table 51 Manufacturing: Market, by Region, 2016-2021 (USD Million)
Table 52 Manufacturing: Market, by Region, 2022-2027 (USD Million)
10.9 Other Verticals
10.9.1 Other Verticals: Market Drivers

11 Multi-Cloud Security Market, by Region
11.1 Introduction
Figure 31 Asia-Pacific to Record Highest CAGR During Forecast Period
Table 53 Market, by Region, 2016-2021 (USD Million)
Table 54 Market, by Region, 2022-2027 (USD Million)
11.2 North America
11.2.1 North America: Market Drivers
11.2.2 North America: Regulatory Landscape
Figure 32 North America: Market Snapshot
Table 55 North America: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 56 North America: Market, by Offering, 2022-2027 (USD Million)
Table 57 North America: Market, by Cloud Model, 2016-2021 (USD Million)
Table 58 North America: Market, by Cloud Model, 2022-2027 (USD Million)
Table 59 North America: Market, by Organization Size, 2016-2021 (USD Million)
Table 60 North America: Market, by Organization Size, 2022-2027 (USD Million)
Table 61 North America: Market, by Application, 2016-2021 (USD Million)
Table 62 North America: Market, by Application, 2022-2027 (USD Million)
Table 63 North America: Market, by Verticals, 2016-2021 (USD Million)
Table 64 North America: Market, by Verticals, 2022-2027 (USD Million)
Table 65 North America: Market, by Country, 2016-2021 (USD Million)
Table 66 North America: Market, by Country, 2022-2027 (USD Million)
11.2.3 United States
11.2.3.1 Presence of Key Multi-Cloud Security Vendors and Stringent Regulatory Requirements to Drive Market
Table 67 United States: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 68 United States: Market, by Offering, 2022-2027 (USD Million)
Table 69 United States: Market, by Cloud Model, 2016-2021 (USD Million)
Table 70 United States: Market, by Cloud Model, 2022-2027 (USD Million)
Table 71 United States: Market, by Organization Size, 2016-2021 (USD Million)
Table 72 United States: Market, by Organization Size, 2022-2027 (USD Million)
Table 73 United States: Market, by Application, 2016-2021 (USD Million)
Table 74 United States: Market, by Application, 2022-2027 (USD Million)
Table 75 United States: Market, by Verticals, 2016-2021 (USD Million)
Table 76 United States: Market, by Verticals, 2022-2027 (USD Million)
11.2.4 Canada
11.2.4.1 Favorable Government Initiatives and Support to Drive Market
Table 77 Canada: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 78 Canada: Market, by Offering, 2022-2027 (USD Million)
Table 79 Canada: Market, by Cloud Model, 2016-2021 (USD Million)
Table 80 Canada: Market, by Cloud Model, 2022-2027 (USD Million)
Table 81 Canada: Market, by Organization Size, 2016-2021 (USD Million)
Table 82 Canada: Market, by Organization Size, 2022-2027 (USD Million)
Table 83 Canada: Market, by Application, 2016-2021 (USD Million)
Table 84 Canada: Market, by Application, 2022-2027 (USD Million)
Table 85 Canada: Market, by Verticals, 2016-2021 (USD Million)
Table 86 Canada: Market, by Verticals, 2022-2027 (USD Million)
11.3 Europe
11.3.1 Europe: Market Drivers
11.3.2 Europe: Regulatory Landscape
Table 87 Europe: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 88 Europe: Market, by Offering, 2022-2027 (USD Million)
Table 89 Europe: Market, by Cloud Model, 2016-2021 (USD Million)
Table 90 Europe: Market, by Cloud Model, 2022-2027 (USD Million)
Table 91 Europe: Market, by Organization Size, 2016-2021 (USD Million)
Table 92 Europe: Market, by Organization Size, 2022-2027 (USD Million)
Table 93 Europe: Market, by Application, 2016-2021 (USD Million)
Table 94 Europe: Market, by Application, 2022-2027 (USD Million)
Table 95 Europe: Market, by Verticals, 2016-2021 (USD Million)
Table 96 Europe: Market, by Verticals, 2022-2027 (USD Million)
Table 97 Europe: Market, by Country, 2016-2021 (USD Million)
Table 98 Europe: Market, by Country, 2022-2027 (USD Million)
11.3.3 United Kingdom
11.3.3.1 Rising Government-Initiated Awareness to Propel Growth
Table 99 United Kingdom: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 100 United Kingdom: Market, by Offering, 2022-2027 (USD Million)
Table 101 United Kingdom: Market, by Cloud Model, 2016-2021 (USD Million)
Table 102 United Kingdom: Market, by Cloud Model, 2022-2027 (USD Million)
Table 103 United Kingdom: Market, by Organization Size, 2016-2021 (USD Million)
Table 104 United Kingdom: Market, by Organization Size, 2022-2027 (USD Million)
Table 105 United Kingdom: Market, by Application, 2016-2021 (USD Million)
Table 106 United Kingdom: Market, by Application, 2022-2027 (USD Million)
Table 107 United Kingdom: Market, by Verticals, 2016-2021 (USD Million)
Table 108 United Kingdom: Market, by Verticals, 2022-2027 (USD Million)
11.3.4 Germany
11.3.4.1 Cloud Strategy Initiative to Drive Adoption of Security Solutions
Table 109 Germany: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 110 Germany: Market, by Offering, 2022-2027 (USD Million)
Table 111 Germany: Market, by Cloud Model, 2016-2021 (USD Million)
Table 112 Germany: Market, by Cloud Model, 2022-2027 (USD Million)
Table 113 Germany: Market, by Organization Size, 2016-2021 (USD Million)
Table 114 Germany: Market, by Organization Size, 2022-2027 (USD Million)
Table 115 Germany: Market, by Application, 2016-2021 (USD Million)
Table 116 Germany: Market, by Application, 2022-2027 (USD Million)
Table 117 Germany: Market, by Verticals, 2016-2021 (USD Million)
Table 118 Germany: Market, by Verticals, 2022-2027 (USD Million)
11.3.5 France
11.3.5.1 Rising Collaborative Efforts on Cloud Security Among Organizations to Drive Market
Table 119 France: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 120 France: Market, by Offering, 2022-2027 (USD Million)
Table 121 France: Market, by Cloud Model, 2016-2021 (USD Million)
Table 122 France: Market, by Cloud Model, 2022-2027 (USD Million)
Table 123 France: Market, by Organization Size, 2016-2021 (USD Million)
Table 124 France: Market, by Organization Size, 2022-2027 (USD Million)
Table 125 France: Market, by Application, 2016-2021 (USD Million)
Table 126 France: Market, by Application, 2022-2027 (USD Million)
Table 127 France: Market, by Verticals, 2016-2021 (USD Million)
Table 128 France: Market, by Verticals, 2022-2027 (USD Million)
11.3.6 Rest of Europe
Table 129 Rest of Europe: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 130 Rest of Europe: Market, by Offering, 2022-2027 (USD Million)
Table 131 Rest of Europe: Market, by Cloud Model, 2016-2021 (USD Million)
Table 132 Rest of Europe: Market, by Cloud Model, 2022-2027 (USD Million)
Table 133 Rest of Europe: Market, by Organization Size, 2016-2021 (USD Million)
Table 134 Rest of Europe: Market, by Organization Size, 2022-2027 (USD Million)
Table 135 Rest of Europe: Market, by Application, 2016-2021 (USD Million)
Table 136 Rest of Europe: Market, by Application, 2022-2027 (USD Million)
Table 137 Rest of Europe: Market, by Verticals, 2016-2021 (USD Million)
Table 138 Rest of Europe: Market, by Verticals, 2022-2027 (USD Million)
11.4 Asia-Pacific
11.4.1 Asia-Pacific: Market Drivers
11.4.2 Asia-Pacific: Regulatory Landscape
Figure 33 Asia-Pacific: Multi-Cloud Security Market Snapshot
Table 139 Asia-Pacific: Market, by Offering, 2016-2021 (USD Million)
Table 140 Asia-Pacific: Market, by Offering, 2022-2027 (USD Million)
Table 141 Asia-Pacific: Market, by Cloud Model, 2016-2021 (USD Million)
Table 142 Asia-Pacific: Market, by Cloud Model, 2022-2027 (USD Million)
Table 143 Asia-Pacific: Market, by Organization Size, 2016-2021 (USD Million)
Table 144 Asia-Pacific: Market, by Organization Size, 2022-2027 (USD Million)
Table 145 Asia-Pacific: Market, by Application, 2016-2021 (USD Million)
Table 146 Asia-Pacific: Market, by Application, 2022-2027 (USD Million)
Table 147 Asia-Pacific: Market, by Verticals, 2016-2021 (USD Million)
Table 148 Asia-Pacific: Market, by Verticals, 2022-2027 (USD Million)
Table 149 Asia-Pacific: Market, by Country, 2016-2021 (USD Million)
Table 150 Asia-Pacific: Market, by Country, 2022-2027 (USD Million)
11.4.3 China
11.4.3.1 Rising Utilization of Multi-Cloud Deployments in Organizations to Drive Market
Table 151 China: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 152 China: Market, by Offering, 2022-2027 (USD Million)
Table 153 China: Market, by Cloud Model, 2016-2021 (USD Million)
Table 154 China: Market, by Cloud Model, 2022-2027 (USD Million)
Table 155 China: Market, by Organization Size, 2016-2021 (USD Million)
Table 156 China: Market, by Organization Size, 2022-2027 (USD Million)
Table 157 China: Market, by Application, 2016-2021 (USD Million)
Table 158 China: Market, by Application, 2022-2027 (USD Million)
Table 159 China: Market, by Verticals, 2016-2021 (USD Million)
Table 160 China: Market, by Verticals, 2022-2027 (USD Million)
11.4.4 Japan
11.4.4.1 Digital Transformation Initiatives to Drive Market
Table 161 Japan: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 162 Japan: Market, by Offering, 2022-2027 (USD Million)
Table 163 Japan: Market, by Cloud Model, 2016-2021 (USD Million)
Table 164 Japan: Market, by Cloud Model, 2022-2027 (USD Million)
Table 165 Japan: Market, by Organization Size, 2016-2021 (USD Million)
Table 166 Japan: Market, by Organization Size, 2022-2027 (USD Million)
Table 167 Japan: Market, by Application, 2016-2021 (USD Million)
Table 168 Japan: Market, by Application, 2022-2027 (USD Million)
Table 169 Japan: Market, by Verticals, 2016-2021 (USD Million)
Table 170 Japan: Market, by Verticals, 2022-2027 (USD Million)
11.4.5 India
11.4.5.1 Growing Adoption of Multi-Cloud Technology by Smes and Large Enterprises to Drive Market
Table 171 India: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 172 India: Market, by Offering, 2022-2027 (USD Million)
Table 173 India: Market, by Cloud Model, 2016-2021 (USD Million)
Table 174 India: Market, by Cloud Model, 2022-2027 (USD Million)
Table 175 India: Market, by Organization Size, 2016-2021 (USD Million)
Table 176 India: Market, by Organization Size, 2022-2027 (USD Million)
Table 177 India: Market, by Application, 2016-2021 (USD Million)
Table 178 India: Market, by Application, 2022-2027 (USD Million)
Table 179 India: Market, by Verticals, 2016-2021 (USD Million)
Table 180 India: Market, by Verticals, 2022-2027 (USD Million)
11.4.6 Singapore
11.4.6.1 Increasing Adoption of Multi-Cloud Technology to Support Market Growth
Table 181 Singapore: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 182 Singapore: Market, by Offering, 2022-2027 (USD Million)
Table 183 Singapore: Market, by Cloud Model, 2016-2021 (USD Million)
Table 184 Singapore: Market, by Cloud Model, 2022-2027 (USD Million)
Table 185 Singapore: Market, by Organization Size, 2016-2021 (USD Million)
Table 186 Singapore: Market, by Organization Size, 2022-2027 (USD Million)
Table 187 Singapore: Market, by Application, 2016-2021 (USD Million)
Table 188 Singapore: Market, by Application, 2022-2027 (USD Million)
Table 189 Singapore: Market, by Verticals, 2016-2021 (USD Million)
Table 190 Singapore: Market, by Verticals, 2022-2027 (USD Million)
11.4.7 Rest of Asia-Pacific
Table 191 Rest of Asia-Pacific: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 192 Rest of Asia-Pacific: Market, by Offering, 2022-2027 (USD Million)
Table 193 Rest of Asia-Pacific: Market, by Cloud Model, 2016-2021 (USD Million)
Table 194 Rest of Asia-Pacific: Market, by Cloud Model, 2022-2027 (USD Million)
Table 195 Rest of Asia-Pacific: Market, by Organization Size, 2016-2021 (USD Million)
Table 196 Rest of Asia-Pacific: Market, by Organization Size, 2022-2027 (USD Million)
Table 197 Rest of Asia-Pacific: Market, by Application, 2016-2021 (USD Million)
Table 198 Rest of Asia-Pacific: Market, by Application, 2022-2027 (USD Million)
Table 199 Rest of Asia-Pacific: Market, by Verticals, 2016-2021 (USD Million)
Table 200 Rest of Asia-Pacific: Market, by Verticals, 2022-2027 (USD Million)
11.5 Middle East and Africa
11.5.1 Middle East and Africa: Market Drivers
11.5.2 Middle East and Africa: Regulatory Landscape
Table 201 Middle East and Africa: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 202 Middle East and Africa: Market, by Offering, 2022-2027 (USD Million)
Table 203 Middle East and Africa: Market, by Cloud Model, 2016-2021 (USD Million)
Table 204 Middle East and Africa: Market, by Cloud Model, 2022-2027 (USD Million)
Table 205 Middle East and Africa: Market, by Organization Size, 2016-2021 (USD Million)
Table 206 Middle East and Africa: Market, by Organization Size, 2022-2027 (USD Million)
Table 207 Middle East and Africa: Market, by Application, 2016-2021 (USD Million)
Table 208 Middle East and Africa: Market, by Application, 2022-2027 (USD Million)
Table 209 Middle East and Africa: Market, by Verticals, 2016-2021 (USD Million)
Table 210 Middle East and Africa: Market, by Verticals, 2022-2027 (USD Million)
Table 211 Middle East and Africa: Market, by Country, 2016-2021 (USD Million)
Table 212 Middle East and Africa: Market, by Country, 2022-2027 (USD Million)
11.5.3 Middle East
11.5.3.1 Increasing Business Expansion Projects by Cloud Service Providers to Support Market Growth
Table 213 Middle East: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 214 Middle East: Market, by Offering, 2022-2027 (USD Million)
Table 215 Middle East: Market, by Cloud Model, 2016-2021 (USD Million)
Table 216 Middle East: Market, by Cloud Model, 2022-2027 (USD Million)
Table 217 Middle East: Market, by Organization Size, 2016-2021 (USD Million)
Table 218 Middle East: Market, by Organization Size, 2022-2027 (USD Million)
Table 219 Middle East: Market, by Application, 2016-2021 (USD Million)
Table 220 Middle East: Market, by Application, 2022-2027 (USD Million)
Table 221 Middle East: Market, by Verticals, 2016-2021 (USD Million)
Table 222 Middle East: Market, by Verticals, 2022-2027 (USD Million)
11.5.4 Africa
11.5.4.1 Rising Cybercrimes Witnessed by Organizations to Support Adoption of Multi-Cloud Security Solutions
Table 223 Africa: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 224 Africa: Market, by Offering, 2022-2027 (USD Million)
Table 225 Africa: Market, by Cloud Model, 2016-2021 (USD Million)
Table 226 Africa: Market, by Cloud Model, 2022-2027 (USD Million)
Table 227 Africa: Market, by Organization Size, 2016-2021 (USD Million)
Table 228 Africa: Market, by Organization Size, 2022-2027 (USD Million)
Table 229 Africa: Market, by Application, 2016-2021 (USD Million)
Table 230 Africa: Market, by Application, 2022-2027 (USD Million)
Table 231 Africa: Market, by Verticals, 2016-2021 (USD Million)
Table 232 Africa: Market, by Verticals, 2022-2027 (USD Million)
11.6 Latin America
11.6.1 Latin America: Market Drivers
11.6.2 Latin America: Regulatory Landscape
Table 233 Latin America: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 234 Latin America: Market, by Offering, 2022-2027 (USD Million)
Table 235 Latin America: Market, by Cloud Model, 2016-2021 (USD Million)
Table 236 Latin America: Market, by Cloud Model, 2022-2027 (USD Million)
Table 237 Latin America: Market, by Organization Size, 2016-2021 (USD Million)
Table 238 Latin America: Market, by Organization Size, 2022-2027 (USD Million)
Table 239 Latin America: Market, by Application, 2016-2021 (USD Million)
Table 240 Latin America: Market, by Application, 2022-2027 (USD Million)
Table 241 Latin America: Market, by Verticals, 2016-2021 (USD Million)
Table 242 Latin America: Market, by Verticals, 2022-2027 (USD Million)
Table 243 Latin America: Market, by Country, 2016-2021 (USD Million)
Table 244 Latin America: Market, by Country, 2022-2027 (USD Million)
11.6.3 Brazil
11.6.3.1 Growing Adoption of Cost-Effective Cloud Solutions to Support Market Growth
Table 245 Brazil: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 246 Brazil: Market, by Offering, 2022-2027 (USD Million)
Table 247 Brazil: Market, by Cloud Model, 2016-2021 (USD Million)
Table 248 Brazil: Market, by Cloud Model, 2022-2027 (USD Million)
Table 249 Brazil: Market, by Organization Size, 2016-2021 (USD Million)
Table 250 Brazil: Market, by Organization Size, 2022-2027 (USD Million)
Table 251 Brazil: Market, by Application, 2016-2021 (USD Million)
Table 252 Brazil: Market, by Application, 2022-2027 (USD Million)
Table 253 Brazil: Market, by Verticals, 2016-2021 (USD Million)
Table 254 Brazil: Market, by Verticals, 2022-2027 (USD Million)
11.6.4 Mexico
11.6.4.1 Rising Investments in Cloud Solutions by Enterprises to Support Market Growth
Table 255 Mexico: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 256 Mexico: Market, by Offering, 2022-2027 (USD Million)
Table 257 Mexico: Market, by Cloud Model, 2016-2021 (USD Million)
Table 258 Mexico: Market, by Cloud Model, 2022-2027 (USD Million)
Table 259 Mexico: Market, by Organization Size, 2016-2021 (USD Million)
Table 260 Mexico: Market, by Organization Size, 2022-2027 (USD Million)
Table 261 Mexico: Market, by Application, 2016-2021 (USD Million)
Table 262 Mexico: Market, by Application, 2022-2027 (USD Million)
Table 263 Mexico: Market, by Verticals, 2016-2021 (USD Million)
Table 264 Mexico: Market, by Verticals, 2022-2027 (USD Million)
11.6.5 Rest of Latin America
Table 265 Rest of Latin America: Multi-Cloud Security Market, by Offering, 2016-2021 (USD Million)
Table 266 Rest of Latin America: Market, by Offering, 2022-2027 (USD Million)
Table 267 Rest of Latin America: Market, by Cloud Model, 2016-2021 (USD Million)
Table 268 Rest of Latin America: Market, by Cloud Model, 2022-2027 (USD Million)
Table 269 Rest of Latin America: Market, by Organization Size, 2016-2021 (USD Million)
Table 270 Rest of Latin America: Market, by Organization Size, 2022-2027 (USD Million)
Table 271 Rest of Latin America: Market, by Application, 2016-2021 (USD Million)
Table 272 Rest of Latin America: Market, by Application, 2022-2027 (USD Million)
Table 273 Rest of Latin America: Market, by Verticals, 2016-2021 (USD Million)
Table 274 Rest of Latin America: Market, by Verticals, 2022-2027 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Strategies Adopted by Key Players
Figure 34 Multi-Cloud Security: Market Evaluation Framework
12.3 Historical Revenue Analysis
Figure 35 Historical Revenue Analysis of Key Multi-Cloud Security Vendors, 2020-2021 (USD Million)
12.4 Market: Ranking of Key Players
Figure 36 Ranking of Key Players
12.5 Market Share Analysis
Figure 37 Multi-Cloud Security Market Share (2021)
Table 275 Multi-Cloud Security Market: Intensity of Competitive Rivalry
12.6 Company Evaluation Quadrant
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
Figure 38 Market: Key Company Evaluation Quadrant (2022)
12.6.5 Competitive Benchmarking for Key Players
Figure 39 Product Footprint of Key Companies
12.7 Evaluation Quadrant for Startups and Smes
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 40 Market: Startup Evaluation Quadrant (2022)
12.7.5 Competitive Benchmarking for Startups
Table 276 List of Startups/Smes and Total Funding
Table 277 Regional Footprint of Startups/Smes
12.8 Competitive Scenario and Trends
12.8.1 Product Launches & Enhancements
Table 278 Market: Product Launches & Enhancements, 2020-2022
12.8.2 Deals
Table 279 Multi-Cloud Security Market: Deals, 2020-2022

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
13.1 Key Players
13.1.1 Microsoft
Table 280 Microsoft: Business Overview
Figure 41 Microsoft: Company Snapshot
Table 281 Microsoft: Products/Solutions/Services Offered
Table 282 Microsoft: Deals
13.1.2 Vmware
Table 283 Vmware: Business Overview
Figure 42 Vmware: Company Snapshot
Table 284 Vmware: Products/Solutions/Services Offered
Table 285 Vmware: Product Launches & Enhancements
13.1.3 Rackspace
Table 286 Rackspace: Business Overview
Figure 43 Rackspace: Company Snapshot
Table 287 Rackspace: Products/Solutions/Services Offered
Table 288 Rackspace: Deals
13.1.4 Check Point
Table 289 Check Point: Business Overview
Figure 44 Check Point: Company Snapshot
Table 290 Check Point: Products/Solutions/Services Offered
Table 291 Check Point: Deals
13.1.5 F5
Table 292 F5: Business Overview
Figure 45 F5: Company Snapshot
Table 293 F5: Products/Solutions/Services Offered
Table 294 F5: Product Launches & Enhancements
Table 295 F5: Deals
13.1.6 Amazon Web Services
Table 296 Aws: Business Overview
Figure 46 Aws: Company Snapshot
Table 297 Aws: Products/Solutions/Services Offered
Table 298 Aws: Product Launches & Enhancements
13.1.7 Fujitsu
Table 299 Fujitsu: Business Overview
Figure 47 Fujitsu: Company Snapshot
Table 300 Fujitsu: Products/Solutions/Services Offered
Table 301 Fujitsu: Deals
13.1.8 Entrust
Table 302 Entrust: Business Overview
Table 303 Entrust: Products/Solutions/Services Offered
Table 304 Entrust: Product Launches & Enhancements
Table 305 Entrust: Deals
13.1.9 Google Cloud
Table 306 Google Cloud: Business Overview
Figure 48 Google Cloud: Company Snapshot
Table 307 Google Cloud: Products/Solutions/Services Offered
13.1.10 Cloudflare
Table 308 Cloudflare: Business Overview
Figure 49 Cloudflare: Company Snapshot
Table 309 Cloudflare: Products/Solutions/Services Offered
13.1.11 Ibm
Table 310 Ibm: Business Overview
Figure 50 Ibm: Company Snapshot
Table 311 Ibm: Products/Solutions/Services Offered
Table 312 Ibm: Deals
13.1.12 Cloud4C
Table 313 Cloud4C: Business Overview
Table 314 Cloud4C: Products/Solutions/Services Offered
13.1.13 Proofpoint
Table 315 Proofpoint: Business Overview
Figure 51 Proofpoint: Company Snapshot
Table 316 Proofpoint: Products/Solutions/Services Offered
Table 317 Proofpoint: Product Launches & Enhancements
13.1.14 Lacework
Table 318 Lacework: Business Overview
Table 319 Lacework: Products/Solutions/Services Offered
Table 320 Lacework: Product Launches & Enhancements
13.1.15 Bmc Software
Table 321 Bmc Software: Business Overview
Table 322 Bmc Software: Products/Solutions/Services Offered
13.1.16 Sonicwall
Table 323 Sonicwall: Business Overview
Table 324 Sonicwall: Products/Solutions/Services Offered
13.1.17 Atos
Table 325 Atos: Business Overview
Figure 52 Atos: Company Snapshot
Table 326 Atos: Products/Solutions/Services Offered
13.1.18 Imperva
Table 327 Imperva: Business Overview
Table 328 Imperva: Products/Solutions/Services Offered
Table 329 Imperva: Product Launches & Enhancements
Table 330 Imperva: Deals
13.1.19 Micro Focus
Table 331 Micro Focus: Business Overview
Figure 53 Micro Focus: Company Snapshot
Table 332 Micro Focus: Products/Solutions/Services Offered
Table 333 Micro Focus: Product Launches & Enhancements
Table 334 Micro Focus: Deals
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
13.2 Other Players
13.2.1 Aqua Security
13.2.2 Aviatrix
13.2.3 Saviynt
13.2.4 Tufin
13.2.5 Distology
13.2.6 Fortanix
13.2.7 Illumio
13.2.8 Fidelis Cybersecurity
13.2.9 Valtix
13.2.10 Orca Security
13.2.11 Ascend Technologies
13.2.12 Ermetic
13.2.13 Caveonix
13.2.14 Accuknox

14 Adjacent Markets
Table 335 Adjacent Markets and Forecast
14.1 Limitations
14.1.1 Cloud Security Market
Table 336 Cloud Security Market, by Security Type, 2015-2020 (USD Million)
Table 337 Cloud Security Market, by Security Type, 2020-2026 (USD Million)
Table 338 Cloud Security Market, by Application, 2015-2020 (USD Million)
Table 339 Cloud Security Market, by Application, 2020-2026 (USD Million)
Table 340 Cloud Security Market, by Organization Size, 2015-2020 (USD Million)
Table 341 Cloud Security Market, by Organization Size, 2020-2026 (USD Million)
Table 342 Cloud Security Market, by Verticals, 2015-2020 (USD Million)
Table 343 Cloud Security Market, by Verticals, 2020-2026 (USD Million)
Table 344 Cloud Security Market, by Region, 2015-2020 (USD Million)
Table 345 Cloud Security Market, by Region, 2020-2026 (USD Million)
14.1.2 Multi-Cloud Management Market
Table 346 Multi-Cloud Management Market Size, by Application, 2015-2022 (USD Million)
Table 347 Multi-Cloud Management Market Size, by Service Type, 2015-2022 (USD Million)
Table 348 Multi-Cloud Management Market Size, by Deployment Model, 2015-2022 (USD Million)
Table 349 Multi-Cloud Management Market Size, by Verticals, 2015-2022 (USD Million)
Table 350 Multi-Cloud Management Market Size, by Region, 2015-2022 (USD Million)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options

Companies Mentioned

  • Accuknox
  • Amazon Web Services
  • Aqua Security
  • Ascend Technologies
  • Atos
  • Aviatrix
  • Bmc Software
  • Caveonix
  • Check Point
  • Cloud4C
  • Cloudflare
  • Distology
  • Entrust
  • Ermetic
  • F5
  • Fidelis Cybersecurity
  • Fortanix
  • Fujitsu
  • Google Cloud
  • Ibm
  • Illumio
  • Imperva
  • Lacework
  • Micro Focus
  • Microsoft
  • Orca Security
  • Proofpoint
  • Rackspace
  • Saviynt
  • Sonicwall
  • Tufin
  • Valtix
  • Vmware

Methodology

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Table Information

Report AttributeDetails
No. of Pages278
PublishedJanuary 2023
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 4.4 Billion
Forecasted Market Value ( USD ) by 2027 $ 10.5 Billion
Compound Annual Growth Rate18.7%
Regions CoveredGlobal
No. of Companies Mentioned33

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