Cloud Workload Protection Platform (CWPP) Market: Important Changes In Market Dynamics 2020 - 2030

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 Cloud Workload Protection Platform (CWPP) Market: Introduction

Transparency Market Research delivers key insights on the global cloud workload protection platform (CWPP) market. In terms of revenue, the global cloud workload protection platform (CWPP) market is estimated to expand at a CAGR of ~25% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global cloud workload protection platform (CWPP) market.

A cloud workload protection platform (CWPP) is used for passing workloads among various cloud environments safely. It is mandatory that the entire workload must be functional in order to run the cloud-based application smoothly without posing any security threats. As a result, cloud workload protection platform (CWPP) and workload protection providers are radically different from desktop application security providers.

Cloud workload protection platform (CWPP) is difficult in terms of implementation, as it combines multiple public cloud systems into one container-based application architecture.

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As per Cisco Systems, it has been reported that 94% of the total data centers will be shifted to cloud workloads in 2021. Factors such as the growing concern of businesses to secure data from unauthorized access and rising adoption of multi-cloud environments among enterprises, and implementation of centralized laws are expected to fuel the growth of the cloud workload protection platform (CWPP) market in the upcoming years.

The growing integration of cloud solutions in various end-use sectors is a major factor that drives the cloud workload protection platform (CWPP) market. The CWPP market provides security to the data stored in the cloud. The growing expansion of SMEs is another factor, which is likely to fuel the demand for cloud workload protection platform (CWPP) in the upcoming future.

Cloud Workload Protection Platform (CWPP) Market: Dynamics

The rising BYOD trend across the globe is the one of the major factors that drives the demand for cloud workload protection platform (CWPP). Rising smartphone proliferation in both developing and developed economies, increasing consumption of Big Data, and rollout of services such as 4G LTE are factors that are projected to impact the demand for cloud workload protection platform (CWPP) in the near future. The International Telecommunication Union (ITU) estimates indicate nearly 4,131 million Internet users in 2019, up from 2,478 million in 2012. In addition, as of December 2019, China had the most Internet users (854 million), followed by India (560 million). In the same timeframe, developed countries such as the United States had roughly 313.32 million Internet users.

According to Cisco, in 2019, it is reported that 59% of companies have shifted to the ‘Bring Your Own Device’ concept, and another 13% plan to shift to this trend in the near future. Employees save 58 minutes every day by using personal devices at work. This leads to an improvement in productivity of employees by 34%.

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