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The global cloud security market size in the post-COVID-19 scenario is projected to grow from USD 34.5 billion in 2020 to USD 68.5 billion by 2025, at a CAGR of 14.7% during the forecast period. An increasing number of security breaches and cyber attacks and mandate to follow regulatory and data protection lawshave contributedto the growth of thecloud security marketecosystem.
By service model, the SaaS segment expected to hold a larger market size in 2020
Organizationsaremigrating their infrastructure to cloud due to its lower hardware cost and features, such as agility, scalability, speed, and cost-efficiency. In the cloud deployment mode, a service provider hosts the entire infrastructure and its capabilities, which are provided to organizations on a need-basis and can scale up when required.
Microsoft Office 365, Salesforce.com, Cisco Webex, and Adobe Creative Cloud are some of