Cloud Security - Hong Kong
Hong Kong- The Cloud Security market in Hong Kong is expected to see a significant increase in revenue in the coming years.
- According to projections, the revenue is estimated to reach US$13.33m by 2025.
- Furthermore, the market is anticipated to demonstrate a compound annual growth rate (CAGR 2025-2030) of 24.30%, resulting in a market volume of US$39.56m by 2030.
- In terms of spending, the average Spend per Employee in the Cloud Security market is projected to reach US$3.59 in 2025.
- When considering global comparisons, it is worth noting that United States is expected to generate the highest revenue in the Cloud Security market.
- In 2025, the revenue United States is projected to be an impressive US$1.2bn.
- Hong Kong is experiencing a surge in demand for cloud security services due to its position as a major financial hub and increasing cyber threats in the region.
Definition :
The Cloud Security market refers to the market for a set of security practices used across public, private, and hybrid cloud environments to protect virtualized IT systems, data, services, applications, and cloud-based infrastructure from cyber threats. Cloud computing security methods are employed to ensure user and device authentication as well as data privacy, and to decrease the risk of data loss and breaches.
The primary objective of cloud security is to guarantee the confidentiality, integrity, and availability of applications, data, and IT infrastructure in cloud environments.
Additional information:
The Cloud Security market comprises revenues, revenue change, average spend per employee, a list of the key players in the market, as well as their consolidated revenues and market shares. Market values represent revenues that are generated by primary vendors, either directly or through distribution channels (manufacturer prices, excluding VAT). Reported market revenues include consumer spending (B2C), business spending (B2B), and government spending (B2G). Detailed definitions of each market can be found on the corresponding market pages. Key players in the market include Rapid7, Tenable Holdings, and Trend Micro.
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- Cloud intelligence and threat prevention, such as Trend Micro Cloud One, Check Point CloudGuard, and Cisco Umbrella Cloud Security
- Cloud access security broker, such as Symantec DLP Cloud, Zscaler Cloud Security, and Akamai Enterprise Application Access
- Workload protection, such as Trend Micro Cloud One – Workload Security and Fortinet FortiWeb Cloud
- Hardware security, such as Brightsight, Riscure, and Red Balloon Security
- Data security, such as IBM Guardium Data Encryption, Varonis Data Security Platform, and Sophos
- Network security, such as Palo Alto Networks, Check Point, and Juniper Networks
- Endpoint security, such as Microsoft, Symantec, and Crowdstrike
- Non cloud-based solutions
Revenue
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jun 2025
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jun 2025
Source: Statista Market Insights
Key Players
Most recent update: Dec 2024
Source: Statista Market Insights
Global Comparison
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jun 2025
Sources: Statista Market Insights, Financial Statements of Key Players, National Cyber Security Organizations
Methodology
Data coverage:
Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.Modeling approach / Market size:
Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.Additional notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Technology
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Key Market Indicators
Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Jan 2025
Source: Statista Market Insights
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