NEW YORK - TelAve -- The U.S. cloud security market reached USD 19.3 billion in 2024 and is set for robust expansion, projected to grow at a CAGR of 18.1% from 2025 to 2032 and attain a value of USD 72.5 billion by 2032. This significant rise is largely driven by the rapid adoption of cloud-based data storage among businesses of all sizes, as organizations continue to shift away from traditional on-premises infrastructures. The shared and scalable nature of cloud platforms enables seamless data access and collaboration, but also introduces heightened security risks, which, in turn, amplify the demand for advanced cloud security solutions.

Key Insights

• Identity and access management leads the market with USD 6.7 billion in revenue in 2024, driven by the need to authenticate users and regulate access efficiently across complex cloud infrastructures, especially as remote and hybrid workforces expand.
• Cloud encryption is the fastest-growing type due to its critical role in protecting sensitive cloud-hosted information. Encryption transforms data into unreadable code, accessible only to authorized users with the correct decryption key.
• Other types studied in the market include data loss prevention, e-mail and web security, database security, network security, and additional emerging categories addressing evolving cyber threats.

Browse detailed report analysis on "U.S. Cloud Security Market Share and Forecast Report, 2032 (https://www.psmarketresearch.com/market-analysis/us-cloud-security-software-market)"

• The BFSI sector holds a commanding 45% revenue share, attributed to high-value financial data, a stringent regulatory landscape, and increasing online transaction volumes. Incidents such as the October 2023 Mr. Cooper breach, which exposed 14.7 million customer records, further underscore the need for advanced cloud protection.
• The West leads geographically with USD 8.7 billion in revenue, supported by the presence of major tech hubs such as Silicon Valley and Seattle, as well as high cloud adoption across IT, finance, and healthcare sectors.
• The South is the fastest-growing regional market due to increasing technology investments, rapid enterprise cloud adoption, and expansion of data centers. Several major Meta data centers—existing and upcoming—are located throughout Southern states including Alabama, Georgia, Louisiana, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
• Leading U.S. cloud security companies include Amazon Web Services, Microsoft, Google, Cisco, IBM, Palo Alto Networks, Fortinet, Zscaler, Trend Micro, Broadcom, Qualys, and Check Point Software Technologies.
• Recent industry developments include Cisco's USD 28 billion acquisition of Splunk in March 2024, Sophos's USD 859 million acquisition of Secureworks in October 2024, and IBM's launch of the IBM Security QRadar Suite in April 2023, enhancing cloud-native security capabilities for hybrid environments.

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