Public Cloud Management and Security Services Market Size, Share, Growth, and Industry Analysis, By Type (IT Operation Management, Security, Storage Management and others), By Application (BFSI, Government, Healthcare, Telecommunication, Media & Entertainment, Energy & Utilities, Retail & wholesale, Manufacturing and others), and Regional Forecast to 2033

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PUBLIC CLOUD MANAGEMENT AND SECURITY SERVICES MARKET REPORT OVERVIEW

The global public cloud management and security services market, valued at USD 28.9 billion in 2024, is projected to grow steadily to USD 34.85 billion in 2025 and is expected to reach USD 155.82 billion by 2033, maintaining a CAGR of 20.6% over the forecast period. It operation management are predicted to drive the leading type segment in 2025.

The COVID-19 pandemic has been unprecedented and staggering, with public cloud management and security services experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Public Cloud Management and Security Services refer to a set of solutions and practices aimed at effectively managing and securing cloud resources and services provided by public cloud providers. Public Cloud Management and Security Services are typically offered by cloud service providers themselves, third-party managed service providers, or specialized cloud security companies. They play a crucial role in ensuring the availability, reliability, and security of cloud-based applications and data. These services help organizations leverage the benefits of the cloud while maintaining a robust and secure infrastructure.

Public Cloud Management Services are cloud Resource Provisioning, assistance in provisioning virtual machines, storage, and other cloud resources based on workload requirements. Auto-scaling, dynamic scaling of resources up or down based on workload demands to optimize performance and cost. Monitoring and Performance Management, tools for monitoring the health and performance of cloud resources, applications, and services. Public Cloud Security Services are Identity and Access Management (IAM), controls for managing user identities, roles, and access to cloud resources. Encryption, services to encrypt data in transit and at rest, ensuring data security and compliance.

PUBLIC CLOUD MANAGEMENT AND SECURITY SERVICES MARKET SHARE FACT AND FIGURES

Product Type Segmentation

• IT Operation Management: This segment encompasses services that oversee and manage IT operations within public cloud environments.

• Security: Focused on safeguarding cloud infrastructures, this segment includes services such as identity and access management, data protection, and threat detection.

• Storage Management: Services in this category manage data storage solutions in the cloud, ensuring data availability, integrity, and efficient storage utilization.

• Others: This includes additional services like application performance management and network monitoring.

Regional Breakdown

• North America: In 2024, North America held a significant market share, driven by the early adoption of cloud technologies and the presence of major cloud service providers.

• Asia-Pacific: The Asia-Pacific region accounted for a substantial share of the market in 2024, with a notable CAGR attributed to the rapid digital transformation and increasing cloud adoption in countries like China and India.

• Europe: Europe also held a considerable portion of the market, primarily in countries such as the United Kingdom, Germany, and France, with a steady CAGR driven by stringent data protection regulations and a growing emphasis on cloud security.

• Rest of the World: This segment includes regions such as Latin America, the Middle East, and Africa, which collectively held a modest share of the global market in 2024.

The growth of the Public Cloud Management and Security Services market is propelled by the increasing complexity of cloud environments, necessitating advanced management and security solutions. The emergence of network security solutions tailored for cloud-native applications addresses challenges in micro-segmentation and traffic monitoring, further driving market expansion.

Additionally, the adoption of methodologies like DevSecOps, which integrate security into the software development lifecycle, is gaining traction, particularly in regions like North America, contributing to the market's growth.

The increasing reliance on cloud services across various industries underscores the critical importance of robust management and security services to protect data and ensure operational efficiency.

COVID-19 IMPACT

Increased Cloud Adoption to Boost Demand Significantly

COVID-19 had a life changing impact globally. The public cloud management and security services market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for public cloud management and security services experienced an increased demand.

With lockdowns and social distancing measures in place, companies rapidly shifted their operations to the cloud to enable remote work and ensure business continuity. This sudden surge in demand for cloud resources led to increased usage of Public Cloud Management Services to efficiently provision and manages cloud resources. Many businesses experienced unpredictable fluctuations in demand during the pandemic. Public Cloud Management Services, particularly auto-scaling capabilities, became crucial in adjusting resources dynamically to match varying workloads while optimizing costs.

The pandemic saw a rise in cyberattacks and security threats targeting cloud environments as they became more prevalent. This led to a greater focus on enhancing security measures, prompting organizations to invest in advanced Public Cloud Security Services to protect against emerging threats. The market is anticipated to boost the public cloud management and security services market share following the pandemic.

LATEST TRENDS

Multi-Cloud and Hybrid Cloud Adoption to Broaden Market Growth

Many organizations have started adopting multi-cloud and hybrid cloud strategies to avoid vendor lock-in, improve performance, and ensure high availability. Public Cloud Management Services that offer unified management across multiple cloud platforms have gained popularity. Server less computing, which allows developers to build and run applications without managing servers, has gained traction. Public Cloud Management Services now provide better support for server less architectures, enabling easier deployment and management of server less applications.

The Zero Trust security model has become more prevalent in cloud environments, focusing on continuous authentication and authorization to ensure only authorized users and devices can access resources. As cloud environments scale and become more complex, network security solutions specifically designed for cloud-native applications are emerging to address challenges in micro-segmentation and traffic monitoring. These latest developments are anticipated to boost the public cloud management and security services market share.

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PUBLIC CLOUD MANAGEMENT AND SECURITY SERVICES MARKET SEGMENTATION

By Type

Based on type, the market is divided into IT operation management, security, storage management and others.

By Application

Based on application, the market is bifurcated into BFSI, government, healthcare, telecommunication, media & entertainment, energy & utilities, retail & wholesale, manufacturing and others.

DRIVING FACTORS

Cloud Adoption and Digital Transformation to Boost Market Share

The increasing adoption of cloud computing and the ongoing digital transformation initiatives of organizations are major drivers for Public Cloud Management and Security Services. As businesses move their applications, data, and infrastructure to the cloud, the demand for services that can efficiently manage and secure these cloud resources grows. Public cloud platforms provide scalable and flexible resources, allowing businesses to quickly adjust their infrastructure based on demand. Public Cloud Management Services facilitate the dynamic scaling of resources to handle fluctuating workloads efficiently.

Security Concerns to Boost Market Size

Cloud security is a critical concern for organizations moving their operations to the cloud. Public Cloud Security Services offer a range of solutions to protect data, applications, and infrastructure from potential threats and vulnerabilities. With an increasing focus on data privacy and regulatory compliance, businesses require robust cloud security and management solutions to adhere to industry-specific regulations and data protection laws. These factors are anticipated to drive the public cloud management and security services market share.

RESTRAINING FACTORS

Complexity of Multi-Cloud Environments to Hamper Market Share

While multi-cloud strategies provide flexibility, managing multiple cloud platforms introduces complexity. Organizations may struggle to maintain consistency, security, and governance across diverse cloud environments. Despite the high availability of public cloud services, concerns about potential downtime and service disruptions remain, particularly for mission-critical applications. In certain cases, specific use cases or applications may not have mature cloud-native solutions, making it challenging for organizations to transition those workloads to the cloud. The factors are anticipated to hinder the growth of the public cloud management and security services market share.

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PUBLIC CLOUD MANAGEMENT AND SECURITY SERVICES MARKET REGIONAL INSIGHTS

North America Dominates the Public Cloud Management and Security Services Market

The major share of the Public Cloud Management and Security Services market was held by North America. The region has been at the forefront of cloud adoption and has a strong presence of cloud service providers, as well as a large number of organizations embracing cloud technologies. It has been a major driver of the Public Cloud Management and Security Services market due to its vast technology landscape, a large number of cloud service providers, and the presence of numerous cloud-native startups and enterprises. Additionally, North American enterprises have been early adopters of cloud solutions, contributing to the region's dominance in this market. Europe is the second major shareholder in the public cloud management and security services market.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Public Cloud Management and Security Services Companies

• Accenture [Ireland]
• Microsoft [U.S.]
• IBM [U.S.]
• Oracle [U.S.]
• Amazon Web Services (AWS) [U.S.]
• Capgemini  [France]
• Cisco Systems [U.S.]
• Cognizant [U.S.]
• VMware [U.S.]
• SAP  [Germany]
• Tencent [China]
• Alibaba  [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.