With Market Size Valued At $45.8 Billion By 2026, It`s A Healthy Outlook For The Global Public Cloud Management And Security Services Market

SAN FRANCISCO, Oct. 25, 2021/PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Public Cloud Management and Security Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Public Cloud Management and Security Services Market

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ABSTRACT-

Global Public Cloud Management and Security Services Market to Reach $45.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Public Cloud Management and Security Services estimated atUS$12.8 Billion in the year 2020, is projected to reach a revised size ofUS$45.8 Billion by 2026, growing at a CAGR of 23.5% over the analysis period. IT Operation Management, one of the segments analyzed in the report, is projected to record a 28.6% CAGR and reachUS$20 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Security segment is readjusted to a revised 17.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.9 Billion in 2021, While China is Forecast to Reach $7.8 Billion by 2026
The Public Cloud Management and Security Services market in the U.S. is estimated atUS$4.9 Billion in the year 2021.China, the world`s second largest economy, is forecast to reach a projected market size ofUS$7.8 Billion by the year 2026 trailing a CAGR of 22.5% over the analysis period. Among the other noteworthy geographic markets areJapan andCanada, each forecast to grow at 20.8% and 19.5% respectively over the analysis period. WithinEurope,Germany is forecast to grow at approximately 15.9% CAGR.

Storage Management Segment to Reach US$15.1 Billion by the year 2026
In the global Storage Management segment, USA, Canada, Japan, China and Europe will drive the 27.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$15.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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