Italy's Booming Digital Economy Spurs Robust Growth In Cloud Security Solutions

The rapid expansion of Italy's digital economy has spurred a significant increase in the demand for cloud security solutions. In December 2022, the Italian government launched the National Strategic Hub (PSN), designed to host critical data from public administration entities, with the ambitious goal of having 75 percent of government offices utilizing cloud services by 2026. This initiative involves deploying four data centers to ensure the reliability and security of the country's strategic assets, further emphasizing the importance of cloud security. Additionally, as of January 19, 2023, the National Cybersecurity Agency of Italy (ACN) has taken charge of qualifying cloud services and establishing technical standards and data control measures for cloud infrastructures, underlining the government's commitment to robust cybersecurity.

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Italy is also set to implement comprehensive legislation to regulate the cloud market, aiming to enforce stringent security and data protection rules on cloud providers, surpassing some of the European Union's regulations. Furthermore, international cloud security providers like Qualys and Radware have recognized Italy's growing market potential, with both companies announcing the establishment of cloud platforms and security centers in the country in 2023 and 2022, respectively. These investments align with Italy's National Cybersecurity Perimeter (NCSP) strategy and will provide Italian customers with advanced solutions to meet privacy requirements and combat various cyber threats. The combination of government initiatives, stringent regulations, and private sector investments is expected to fuel substantial growth in the cloud security sector within Italy.

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Key Market Players

IBM (US), Broadcom (US), Check Point (Israel and US), Google (US), AWS (US), Zscaler (US), Akamai Technologies (US), Forcepoint (US), Fortinet (US), F5 (US), Qualys (US), TrendMicro (Japan), Palo Alto Networks (US), Proofpoint (US), Tenable (US), Netskope (US), Microsoft (US), Cisco (US), Impreva (US), Trellix (US), Rapid7 (US), Skyhigh Security (US), FireMon (US), Sysdig (US), LookOut (US), Fidelis Cybersecurity (US), Data Theorem (US), OpsCompass (US), Tufin (US), Menlo Security (US), Tigera (US), Orca Security (US), Ascend Technologies (US), Secberus (US), Ermetic (Israel), Sonrai Security (US), Wiz (US), Conveonix (US), Banyan cloud (US), and AccuKnox (US) are the key players and other players in the cloud security market.

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