The Cloud Analytics Market size is set to grow from USD 23.2 billion in 2020 to USD 65.4 billion by 2025, according to a market research report published by MarketsandMarkets.1 Companies are increasingly shifting their workloads and sensitive data into the cloud, transforming their IT environments to hybrid or multi-cloud.
Why this shift? The cost-effectiveness, elasticity and large amounts of services provided by cloud solutions enable organizations to get more value from monetizing their rapidly expanding data volumes in these large-scale environments. However, with this trend accelerating, privacy and security remain the primary concerns. With customer data flowing from or to other cloud services or cloud platforms, cloud misconfigurations have become the leading cause of breaches. With a data breach’s average cost reaching over $4 million per incident, this remains a board-level concern.
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