How big is the Retail Cloud Security Market?

The Retail Cloud Security Market size is expected to reach USD 5.14 billion in 2024 and grow at a CAGR of 13.44% to reach USD 9.65 billion by 2029. Read More

What is the current Retail Cloud Security Market size?

In 2024, the Retail Cloud Security Market size is expected to reach USD 5.14 billion. Read More

Who are the key players in Retail Cloud Security Market?

Trend Micro Inc., Imperva Inc., Broadcom Inc., IBM Corporation and Cisco Systems Inc. are the major companies operating in the Retail Cloud Security Market. Read More

Which is the fastest growing region in Retail Cloud Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Retail Cloud Security Market?

In 2024, the North America accounts for the largest market share in Retail Cloud Security Market. Read More

What years does this Retail Cloud Security Market cover, and what was the market size in 2023?

In 2023, the Retail Cloud Security Market size was estimated at USD 4.45 billion. The report covers the Retail Cloud Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Retail Cloud Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Retail Cloud Security Market Share

Statistics for the 2023 & 2024 Retail Cloud Security market share, created by Mordor Intelligence™ Industry Reports. Retail Cloud Security share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Retail Cloud Security Industry

There is intense competition with several providers of Cloud Security, because of which market concentration will be low. Almost every industry is transitioning from on-premises to digital platforms for corporate activity. With rapid digitalization, cyber-attacks and data breaches have increased. Thus, businesses are compelled to opt for cloud security solutions. Some significant cloud security providers in this sector include IBM Corporation, Trend Micro Inc., McAfee, Broadcom Inc., and Cisco Systems Inc. With new product solutions and services, mergers and acquisitions, and strategic collaborations, these Cloud security player are expanding their reach in different industries and geographies.

In February 2023, Cisco acquired Valtix to enhance its security cloud portfolio. The cloud solution designed by Valtix can achieve 100% security coverage through continuous discovery and takes 30 seconds to adapt to new apps and modifications to existing apps dynamically. The integration will fasten Cisco's progress towards providing an easy-to-use environment for safeguarding workloads across multi-cloud settings.

In October 2022, Beyon Cyber and Trend Micro partnered to boost Bahrain's cybersecurity framework. According to the agreement, the companies will detect cyber threats in real time, take preemptive measures to contain them and reduce risk and harm, giving the nation's organizations complete insight to safeguard all digital environments with full visibility and control.

In May 2022, Thailand-based retail company TD Tawandang collaborated with Google Cloud to provide a retail-as-a-service platform to its customers. Adopting Google Cloud's secure and scalable infrastructure, advanced analytics, artificial intelligence (AI), and machine learning (ML) technologies will help convenience store chains with more streamlined backend services.