Market Share of Cloud Network Security Industry
The global cloud network security market is highly fragmented, as several cyber threats are forcing governments and respective industries to invest more in their cyberspace. Increasing investment is driving many new players that offer solutions at lower prices into the market, which makes the market competitive. Some of the key players in the market are IBM Corporation, Intel Corporation, Trend Micro Inc., Cisco Systems Inc., and Huawei Technologies Co., Ltd. These players are constantly innovating and upgrading their product offerings to cater to increasing market demand.
In November 2022, Cisco and Red Hat joined hands to streamline hybrid-cloud container management. With this partnership customers can more easily turn-up and manage bare-metal containerized workloads.
In November 2022, Google Cloud and the Data Security Council of India (DSCI) together launched the "Secure with Cloud initiative, aimed at "demystifying cloud security" and encouraging cloud migration.
Cloud Network Security Market Leaders
IBM Corporation
Intel Corporation
Trend Micro Inc.
Palo Alto Networks Inc.
Cisco Systems Inc.
*Disclaimer: Major Players sorted in no particular order
