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Cloud Application Security & Vulnerability Management Market 2020 is projected to cross US$ 7.5 Bn and expand at a CAGR of ~14% by 2030

Cloud computing has taken the center stage during the ongoing COVID-19 (coronavirus) pandemic. However, companies in the cloud application security & vulnerability management market need to address security issues such as malware injection and hijacking of accounts to safeguard organizational information. Hence, users are investing in secure cloud platforms to avoid issues associated with cyber security.

Remote working with the help of cloud software has become increasingly mainstream in the past couple of months. However, phishing and social engineering attacks are on the rise during the ongoing COVID-19 era. Hence, companies in the cloud application security & vulnerability management market are becoming more equipped in tackling cyber threats. This is helping organizations to minimize downtime and meet optimum productivity levels. Companies are recommending organizations to use distributed cloud IT systems to address issues pertaining to cyber security.

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Cloud computing offers greater flexibility to enterprises in handling their work with the help of software, servers, and databases. However, cloud platforms are susceptible to unauthorized access by individuals who misuse employee credentials, resulting in a threat to confidential information in an organization. Hence, companies in the cloud application security & vulnerability management market should increase their R&D to develop platforms that enable secure login of employee credentials to avoid risks of security threats.

Intelligence-led security company FireEye Inc. has announced the launch of new cloud security innovations within its FireEye Helix platform, which supports collaboration via Microsoft Teams and Slack. It has been found that increasing number of organizations are now operating within the multi-cloud environment. This trend has created revenue opportunities for companies in the cloud application security & vulnerability management market, where the market is expected to cross the value of US$ 7.5 Bn by 2030.

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Digitalization is becoming rampant in almost all end markets. Continuous digital evolution has become possible with cloud computing, thus creating an agile and hyper-connected network for offices operating in different parts of the world. However, in order to achieve this, users are demanding a secure architecture to efficiently handle supply and distribution chains via cloud computing. Hence, companies in the cloud application security & vulnerability management market are increasing efforts to minimize the complexities associated with security measures in software and applications.

Unhindered secure application access has become the need of the hour. Users are demanding system access from any part of the world and from any device to ease their business activities. Hence, companies in the cloud application security & vulnerability management market are introducing behavioral analysis and predictive analytics in systems to avoid security issues.

Cloud Application Security & Vulnerability Management Market: Company Profile Snapshot

    • Broadcom, Inc.
    • Check Point Software Technologies Ltd.
    • Cisco System Inc.
    • Dell TechnologiesInc.
    • F-Secure
    • Hewlett Packard Enterprise Development LP
    • IBM Corporation
    • Kenna Security
    • McAfee, Inc.
    • Micro Focus
    • Microsoft Corporation
    • NopSec.com, Inc.
    • Qualys, Inc.
    • Rapid7
    • RiskIQ, Inc.
    • RiskSense, Inc.
    • Skybox Security, Inc.
    • Tenable, Inc.
    • Trend Micro Inc.
    • ZeroNorth, Inc.

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