According to a new market research 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", published by MarketsandMarkets™, 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.

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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.

Browse and in-depth TOC on “Cloud Workload Protection Market"
69 - Tables
31   - Figures
127 – Pages

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Based on banking types, the retail banking segment is expected to grow at a higher CAGR during forecast period

Based on banking types, the retail banking is estimated to grow at higher CAGR from 2018 to 2023. Retail banking has emerged as an essential enabler in the Digital Banking Platforms Market to translate the banking models across the globe. With the increasing number of channels, financial institutions are changing their operating processes to provide customers with premium services and improve their account management. The changing customer expectations and behaviors and the growing digital technologies are contributing to the growth of the retail banking segment.

Based on banking modes, the online banking segment is expected to account for a major market size during the forecast period

Based on banking modes, the online banking segment is expected to account for a major market size during the forecast period. The online banking platforms facilitates banks to offer banking services to end-users over the internet. The online banking requires high level of process automation, web-based services, and Application Programming Interfaces (APIs), and facilitates real-time integration with a bank’s multiple host systems.

North America is expected to contribute to the largest market share, whereas Asia Pacific is projected to grow at the highest CAGR during the forecast period.

North America is expected to account for the largest market share and dominate the cloud workload protection market during the forecast period. The major growth drivers for this region are the increasing need to prevent cyber threats, growing adoption of cloud services, better security compliant offerings by vendors, and need for enhanced control and visibility mechanisms.

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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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