Cloud-based security software is mainly classified into cloud IAM software, cloud network security software, cloud data and database security, cloud encryption, cloud email security, and other types. Cloud IAM software has the largest market share, accounting for about 35.02% of the global market in 2020.
Cloud-based security software has a wide range of applications, and this report categorizes them into healthcare, retail, government, BFSI, IT & telecom, and more. Retail was the most prevalent domain with about 39.99% of the global total in 2020 faster growth rate.
North America, Europe, Asia Pacific, etc. is a leading provider of cloud-based security software today. Global cloud-based security software revenue will reach US$26,480.2 million in 2022, up from US$1,7612.4 million in 2016, and the market will reach US$430.23 million by 2026 and 2021 It is expected to grow at a CAGR of 7.59% in 2026.
North America has been the world’s largest region for cloud-based security software in recent years and will continue to grow. The North American market accounted for about 42.68% of the global market in 2020, while Europe and APAC accounted for about 28.72% and 24.97% respectively.
Affected by the epidemic, the overall market growth rate is low, and entering 2021, the overall market performance is struggling to improve, and the industry will grow better. IBM, Microsoft, Trend Micro, Broadcom (Symantec), Okta, Dell Technologies, Cisco, etc. are major vendors in the global cloud-based security software market. Top 5 players accounted for more than his 41.72% of the global market in 2020.