Cloud Compliance Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Application; By Cloud Model; By Organization Size; By Vertical; By Region; Segment Forecast, 2023-2032

The global cloud compliance market was valued at USD 32.77 billion in 2022 and is expected to grow at a CAGR of 14.71% during the forecast period. The rise in cyber security crimes will create new opportunities for market growth. The cybercrime charges increased from 12,317 in 2016 to 50,035 in 2020, according to the National Crime Records Bureau (NCRB). In 2021, ransomware attacks affected one-fourth of Indian businesses. This is more than the 21% average for the world. The frequency of cybercrime incidents has consistently risen over the last five years. With the increased information and communication technology usage in India, cybercrime is on the rise (ICT). The capacity of law enforcement to investigate cybercrime is still confined, despite this worrying development. This will further create plenty of opportunities for the growth of the Cloud Compliance Market throughout the forecast period.

Cloud Compliance Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Application; By Cloud Model; By Organization Size; By Vertical; By Region; Segment Forecast, 2023-2032