Cloud Security Services – Provider Compendium 2024
Provider Compendium Report
The demand for cloud security services in the global business landscape is accelerating due to enterprises’ digital transformation mandates, rising importance of data protection, and challenges in securing hybrid multicloud environments. The expansion of cloud infrastructure has resulted in larger attack surfaces, a rise in cyber threats, complexities in posture management, and frequent changes in regional cloud governance and security policies, intensifying the need for effective cloud security solutions.
In response to stricter data protection regulations, enterprises face growing pressure to comply with data privacy laws and address increasing cybersecurity threats. The post-pandemic landscape, characterized by remote work and security vulnerabilities, has intensified cyber risks. To mitigate these risks, enterprises are prioritizing cloud security services to offer comprehensive end-to-end protection across complex hybrid multicloud systems. Cloud security providers are enhancing their capabilities to meet these demands, emphasizing a platform-driven approach with next-generation features such as DevSecOps, automation, and zero trust. Collaborative efforts with cloud-native and third-party security providers are vital to deliver sophisticated, adaptable, and globally compliant cloud security services.
This compendium provides detailed and fact-based snapshots of 18 global cloud security providers featured on the Cloud Security Services PEAK Matrix® Assessment 2023. Each profile offers a comprehensive picture of the provider’s operational overview, delivery presence, solutions on offer, investments, and market success.
Scope
- All industries and geographies
- Services: cloud security
- The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud security providers, client reference checks, and an ongoing analysis of the cloud security services market
Contents
In this report, we:
- Examine 18 cloud security provider profiles
- Evaluate enterprise sourcing considerations
- Study providers’ key strengths and limitations