Public Cloud Management and Security Services Market

Public Cloud Management and Security Services Market Outlook (2024 to 2034)

The worldwide public cloud management and security services market is expected to reach US$ 2,30,235.1 million by 2034, capturing an average CAGR of 21.9% owing to the rising demand for cloud computing and management. In 2024, the market is projected to be worth US$ 31,648.8 million.

The increasing use of BYOD (Bring Your Device) in conjunction with Internet of Things (IoT) trends and the rise in the use of cloud security services are a few of the fundamental aspects driving the growth of the global market for public cloud management and security services.

Key Market Growth Drivers

• Cloud security guards against threats and cyberattacks for cloud infrastructure, data, and apps. Enterprise cloud usage is growing, and with it, business-critical apps and data are migrated to reliable third-party cloud service providers CSPs.
• The global public cloud management and security services market thrives due to smart cities and government adoption, catering to diverse sectors like healthcare, education, finance, and transportation.
• The rising usage of multi-cloud settings and the incorporation of DevSecOps methods are projected to drive growth in the market for managing and protecting public clouds.
• For individuals and businesses that depend on cloud storage, artificial intelligence, and machine learning have greatly enhanced global public cloud management and security services, strengthening security protocols and guaranteeing dependable service delivery.

Global demand for public cloud service management and security services is predicted to rise exponentially, offering enormous potential for service providers and solution suppliers to enter billion-dollar industries.

Report Attributes	Details
Estimated Market Value (2024E)	US$ 31,648.8 million
Forecasted Market Value (2034F)	US$ 2,30,235.1 million
Global Market Growth Rate (2024 to 2034)	21.9% CAGR
IT Operation Management Segment Growth Rate (2024 to 2034)	21.2%
Small & Medium Enterprise Segment Growth Rate (2024 to 2034)	22.8%
North America Market Share (2024)	28.6%
East Asia Market Share (2024)	36.5%
Key Companies Profiled	Accenture Microsoft IBM Oracle Amazon Web Services Capgemini Cisco Systems Cognizant Vmware SAP Tencent Alibaba

Which Factors Have Driven the Global Surge in the Public Cloud Management and Security Services Industry?

“Rising Security Apprehensions to Boost the Public Cloud Management and Security Services Industry Size”

Cloud security is evolving and becoming increasingly important as companies continue to shift their activities to the cloud. Public cloud security services provide a range of options to protect infrastructure, data, and apps from attacks and weaknesses. Given the growing emphasis on data privacy and regulatory compliance, organizations require robust cloud security and management solutions to comply with industry-specific rules and data protection legislation. In the upcoming years, these factors are anticipated to propel the rise of the market share for security and public cloud management services.

The growing use of cloud-based services across various industries and organizational sizes is anticipated to propel the market's growth. Industry leaders are creating sophisticated cloud security solutions to tackle the constantly changing security landscape and improve the safeguarding of their clients' data.

The increasing demand for cloud-based security services is also driving the market growth. These services help organizations reduce the cost of managing their IT infrastructure while ensuring enhanced security and compliance. In the near future, the market for public cloud control and security services is expected to expand gradually as long as companies continue to use cloud-based services to power their digital transformation activities.

“Cloud Adoption and Digital Modification Raise the Market Share of Public Cloud Management and Security Services”

The rise in cloud computing adoption is driven by businesses shifting applications, data, and infrastructure to the cloud, increasing the demand for services to manage and secure these resources. Public cloud platforms offer scalable, flexible resources, enabling quick infrastructure adjustments.

Public cloud management services enable businesses to manage and optimize their cloud resources efficiently, enabling easy monitoring, provisioning, and automation of workloads, quick resource scaling, meeting service-level agreements, and providing a seamless user experience.

Public cloud management services are crucial for securing cloud-based resources, providing features like access control, encryption, and threat detection to protect against unauthorized access and data breaches.

The rise in cloud computing adoption and digital transformation initiatives has heightened the demand for public cloud management and security services. As businesses shift their workloads to the cloud, these services will become crucial for optimizing and securing cloud resources effectively.

Which Factors Present Challenges to the Public Cloud Management and Security Services Market Growth?

“Convolution of Multi-Cloud Environs Hampers the Global Industry Growth”

Organizations are moving toward multi-cloud strategies to acquire greater versatility, but maintaining several cloud platforms at once may take a lot of work. Complicated situations can arise from this, making them difficult to handle. Businesses can support upholding governance, security, and uniformity across a variety of cloud environments.

Public cloud services are highly accessible, but there are always worries about possible outages and interruptions in service, especially for apps vital to business operations. It can also be challenging for enterprises to move workloads to the cloud since some use cases or applications still call for the creation of cloud-native solutions. It is projected that these constraints would impede market share expansion for security and management services in public clouds.

Country-wise Insights

North America's public cloud management and security services market is expected to grow at a remarkable rate of 38.1% by 2034. In 2024, it is projected that cloud management and security services will account for 72.7% of the United States' industry.

Meanwhile, the cloud management and security service market in East Asia is anticipated to expand at 22.6% CAGR through 2034. In 2024, China is predicted to dominate the East Asian public cloud management and security services market with a 66.9% market share.

Why is the United States Dominating the Global Public Cloud Management and Security Services Market?

“Rising DevSecOps Revolution Conquered the United States Cloud Control Industry”

According to market research by Fact.MR., there is a significant upward trend in the United States. It is predicted that by the year 2024, the sales of these services will reach an impressive total of US$ 6,580.5 million. Throughout the projected period, such a trend is anticipated to continue at a compound annual growth rate of 37.3%. Consequently, it is expected that by 2034, the market for public cloud management and security services will be worth US$ 1,56,329.7 million.

The revolutionary software development methodology known as DevSecOps, which integrates security, development, and operations, has emerged as a significant force driving the swift expansion of the cloud security business in the United States. DevSecOps strongly emphasizes incorporating security into the software development process from the outset, with early identification and mitigation of possible security issues. Using DevSecOps techniques,

Data breaches are less likely in North American firms because they are better suited to identify and fix security flaws during development proactively. Cloud infrastructures may be made safer by continuous monitoring and automated security testing. Thus, implementing DevSecOps is essential to propelling the growth of the United States's public cloud management and security services.

Which Factors Position China as a Thriving Hemodynamic Monitor Industry?

“Rising CVD Drives Chinese Hemodynamic Monitor Industry”

The public cloud control and security services market is expected to grow significantly in China, with a predicted value of US$ 59,500.1 million by 2034. In 2024, it is anticipated that China is likely to control 66.9% of East Asia's market. The market has been expanding gradually in the last few years. The market is anticipated to grow at a 22.6% CAGR from 2024 to 2034.

China's market for security and management services for public clouds has grown remarkably in recent years. A few key elements contribute to this increase. Introductory cloud services are becoming more and more popular due to their advantages in terms of cost, scalability, and flexibility. The client base has expanded due to small and medium-sized firms' increasing adoption of cloud solutions.

Furthermore, the quick speed of technical advancements, such as artificial intelligence and big data analytics, has enabled cloud service providers to improve their solutions, enhancing client attractiveness. The market for public cloud management and security services in China has grown dramatically in recent years, owing to these significant variables.

Category-wise Insights

According to market forecasts from Fact.MR, the IT operation management segment is expected to hold a 23.7% market share in 2024. At the same time, the storage management segment is projected to secure 20.0% of the market, which will significantly enhance the industry's resource diversity and stability.

Small and medium-sized businesses are anticipated to have a substantial 77.3% market share in 2024 for cloud management and security services. In the same year, large enterprises are expected to hold a 22.7% market share.

Why is the Public Cloud Management and Security Services Industry Experiencing Increased Demand in IT Operation Management?

“IT Operation Management Secures Significant Share in the Public Cloud Management and Security Services Industry”

IT operation management dominated the market in 2024 with a revenue share of 23.7%. Over the next ten years, the IT operation management category is expected to develop rapidly, with an overall growth rate of 21.2%. The category of IT operation management was worth US$ 7,500.8 million in 2024.

The increasing usage of cloud computing creates a need for IT operation management in the public cloud management and security services sectors. Because of the cloud's scalability and flexibility, businesses are adopting it and depending on services such as SaaS and IaaS. However, the requirement for specialist management and security solutions is driven by the raised security concerns and inherent complexity of cloud infrastructures.

The ever-changing cloud services landscape, security issues, and economic viability have made organizations more dependent on outside help. To automate and improve their cloud operations, they look outside for expertise.

The need to manage complex cloud infrastructures, strengthen security postures, adhere to regulatory requirements, and effectively manage resources while freeing up enterprises to focus on their core strengths is the driving force behind the increase in demand for public cloud management and security services.

Competitive Landscape

There is severe competition among the various vendors in the public cloud management and security service industry as they compete for market share. Market players are putting different strategic plans into action to keep ahead of the competition. These include launching new and innovative products, expanding geographically, merging with other companies, acquiring other businesses, updating existing products, and forming alliances with essential players in the industry.

By engaging in these activities, businesses want to improve their competitiveness, increase earnings and sales, and solidify their market position. Manufacturers are focusing on providing trustworthy and superior public cloud management and security services to meet the growing demand from consumers and technological providers.

• In May 2023, Nutanix introduced a cloud management solution, a monitoring interface designed to enhance the Nutanix Cloud Platform's universal cloud operating paradigm, enabling consistent app and data management.
• In November 2023, VMware and VMware Sovereign Cloud partners are collaborating to accelerate digital innovation and enhance customer security globally, ensuring organizations can harness data power while adhering to data privacy regulations.

Segmentation of Public Cloud Management and Security Services Market

• By Function:

  • IT Operation Management
  • Security
  • Storage Management
  • Others

• By Enterprise:

  • Large Enterprise
  • Small & Medium Enterprise

• By Region:

  • North America
  • Europe
  • East Asia
  • East Asia
  • South Asia & Oceania
  • The Middle East & Africa