Cloud computing has become an integral part of modern business operations, as more companies embrace the flexibility and scalability of cloud-based solutions. However, with the increasing use of cloud services, data security has become a major concern. Cloud data security ensures that data stored on the cloud is protected against unauthorized access, loss, or theft.
In this blog post, we will explore cloud data security statistics that shed light on the current state of cloud data security.
Key Cloud Data Security Statistics 2023 – MY Choice
- The global cloud security market is expected to reach $12.64 billion by 2024.
- 83% of enterprise workloads will be in the cloud by 2020.
- 90% of organizations are using some form of cloud services.
- The average cost of a data breach for a company is $3.86 million.
- 47% of security professionals cite data privacy as their top concern with cloud adoption.
- The top three types of cloud security incidents are unauthorized access, insecure interfaces, and insider attacks.
- 64% of IT professionals believe that the cloud is more secure than on-premises infrastructure.
- Only 28% of companies encrypt data stored in the cloud.
- 76% of data breaches in the cloud are due to misconfigurations and human error.
- 56% of IT professionals believe that shadow IT is a significant risk to cloud security.
Cloud Data Security Market Statistics
- The global cloud security market size was valued at USD 34.47 billion in 2020 and is projected to reach USD 68.82 billion by 2026, growing at a CAGR of 12.3% from 2021 to 2026.
- The global cloud data security market size is expected to grow from USD 5.14 billion in 2020 to USD 15.67 billion by 2025, at a CAGR of 25.5% during the forecast period.
- North America is the largest market for cloud data security, accounting for the highest market share in 2020, due to the presence of several cloud service providers and early adoption of cloud technology.
- The global cloud security market is expected to reach $12.73 billion by 2024, with a CAGR of 13.9% from 2019 to 2024.
- 94% of businesses using the cloud have experienced a security breach in the past year.
- The average cost of a data breach in the cloud is $3.86 million.
- The healthcare industry has the highest average cost of a data breach in the cloud, at $7.13 million.
- 73% of organizations have at least one cloud-based application or service.
- 59% of businesses believe that their sensitive data is more secure in the cloud than on-premises.
- 41% of businesses have experienced a cloud security incident due to misconfiguration.
Cloud Security Threat Statistics
- In 2020, the average cost of a data breach was USD 3.86 million, up from USD 3.5 million in 2019.
- In 2020, the top cloud security threats were data breaches (45%), account hijacking (44%), and misconfigured cloud infrastructure (42%).
- 73% of organizations have at least one cloud service misconfiguration that exposes them to a security threat.
- 68% of organizations are concerned about unauthorized access to their data stored in the cloud.
Cloud Data Breach Statistics
- In 2020, 24% of data breaches involved cloud assets, up from 19% in 2019.
- In 2020, the average time to identify a cloud data breach was 207 days, while the average time to contain it was 73 days.
- 68% of businesses that experienced a cloud data breach said that sensitive data was exposed.
Cloud Data Encryption Statistics
- 41% of businesses use encryption to protect data in the cloud.
- In 2020, 50% of organizations said that encryption was their top cloud security priority.
- The global cloud encryption market is expected to grow from USD 1.27 billion in 2020 to USD 4.25 billion by 2025, at a CAGR of 27.6% during the forecast period.
Cloud Access Control Statistics
- In 2020, the global cloud access security broker (CASB) market size was valued at USD 5.16 billion and is expected to reach USD 19.73 billion by 2028, growing at a CAGR of 20.7% from 2021 to 2028.
- 60% of businesses use multi-factor authentication to control access to their cloud services.
- 77% of organizations believe that identity and access management (IAM) is important for cloud security.
Cloud Compliance Statistics
- In 2020, 49% of organizations said that regulatory compliance was their top cloud security concern.
- 43% of businesses use cloud compliance automation tools to ensure compliance with regulations.
- The global cloud compliance market is expected to grow from USD 2.62 billion in 2020 to USD 6.12 billion by 2025, at a CAGR of 18.5% during the forecast period.
Cloud Data Security Facts
- Cloud data security involves protecting data stored in the cloud, transmitted to the cloud, or processed in the cloud.
- Cloud data security is important because cloud-based services are vulnerable to a wide range of cyber threats, including data breaches, malware attacks, and denial-of-service (DoS) attacks.
- The most common cloud security threats include data breaches, account hijacking, insecure interfaces, and insider threats.
- Cloud data security solutions include encryption, access controls, monitoring and logging, and security information and event management (SIEM).
Cloud Data Security Benefits
- Cloud data security can help businesses protect their sensitive information from cyber threats and comply with data protection regulations.
- Cloud data security solutions can provide real-time monitoring and threat detection, which can help businesses identify and respond to security incidents more quickly.
- Cloud data security can help businesses reduce the risk of data breaches and the associated financial and reputational damage.
Cloud Data Security Trends
- The adoption of cloud-based services is expected to continue to grow, driving demand for cloud data security solutions.
- The use of artificial intelligence (AI) and machine learning (ML) in cloud data security is expected to increase, enabling more effective threat detection and response.
- The adoption of zero-trust security models is expected to increase, as businesses seek to reduce the risk of insider threats and data breaches.
Cloud Data Security Adoption
- Small and medium-sized businesses (SMBs) are increasingly adopting cloud-based services, driving demand for cloud data security solutions that are tailored to their needs and budgets.
- Enterprises are adopting multi-cloud strategies, using multiple cloud providers to avoid vendor lock-in and improve resilience.
- The adoption of cloud-based security solutions is increasing among businesses in regulated industries, such as healthcare and finance.
Cloud Data Security Market Analysis
- The cloud data security market is highly competitive, with a large number of vendors offering a wide range of solutions.
- The market is characterized by rapid innovation, with vendors constantly introducing new features and capabilities to address emerging threats and customer needs.
- The market is expected to experience significant growth in the coming years, driven by increasing demand for cloud-based services and the growing awareness of the importance of data security.
Cloud Data Security Demographics
- Cloud data security is relevant to businesses of all sizes and across all industries.
- However, businesses in regulated industries, such as healthcare, finance, and government, face additional data protection requirements and compliance obligations.