Cloud Security Market to Reach $125.8 Billion, Globally, by 2032 at 13.6% CAGR: Allied Market Research

The global cloud security market is expected to grow from $35.8bn in 2022 to $125.8bn by 2032, at a CAGR of 13.6%, driven by growing cyber attack rates and increased reliance on cloud-based services, according to Allied Market Research. The report also shows that the Cloud Identity and Access Management segment accounted for the most market revenue in 2022, drivers being increased demand for cloud security for protecting accessibility gates.