Global Cloud Security Posture Management Market Size By Component (Software and Services), By Cloud Model (Infrastructure as a Service (IaaS) and Software as a Service (SaaS)), By Vertical (BFSI, IT and Telecommunication, Healthcare), By Geographic Scope And Forecast

Cloud Security Posture Management Market Size And Forecast

Cloud Security Posture Management Market size was valued at USD 3.8 Billion in 2020 and is projected to reach USD 11.09 Billion by 2028, growing at a CAGR of 14.38% from 2021 to 2028.

Increasing cases of security breaches owing to cloud misconfigurations are expected to drive the demand for Cloud Security Posture Management Market. The rising adoption of cloud-based solutions throughout organizations is estimated to boost the Cloud Security Posture Management Market during the forecast period. The Global Cloud Security Posture Management Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Cloud Security Posture Management Market Definition

Cloud Security Posture Management (CSPM) automates cloud security management across a variety of platforms such as Infrastructure as a Service (IaaS) is a type of internet-based computer infrastructure that can be created and managed instantly. SaaS (Software as a Service)Users may utilize the Internet to connect to and use cloud-based apps. PaaS (Platform as a Service)The complete cloud development and deployment environment, with resources to help you deliver everything from simple cloud-based apps to sophisticated, cloud-enabled enterprise applications.

Businesses and employees have benefited greatly from the adoption of cloud services and cloud-based applications, which have enabled new levels of productivity and flexibility. As these technologies are open to the internet and readily available to anyone, they can expose businesses to greater risk of cybersecurity threats, including data breaches. Despite training and everyone’s best efforts, security concerns and vulnerabilities remain, putting sensitive data at risk.

Global Cloud Security Posture Management Market Overview

Increasing cases of security breaches owing to cloud misconfigurations are expected to drive the demand for cloud security posture management. It’s impossible for network security teams to keep up with the changes in complex and fragmented hybrid cloud networks. A lack of full visibility across this continuously changing environment is a challenge for IT and security teams. The adoption of the DevOps method has also increased the number of security flaws, since developers build and deploy applications quickly and frequently, often bypassing security.

The cloud’s constant changes make it difficult to properly retain data. The likelihood of misconfigurations has increased dramatically as cloud use has increased. The rising adoption of cloud-based solutions throughout organizations is estimated to boost the Cloud Security Posture Management Market during the forecast period. owing to the remote workforce, the adoption of cloud-based solutions and services has expanded during the COVID-19 pandemic, increasing the need for cloud infrastructure security solutions. This is expected to be a significant driving force in the market.

However, a lack of awareness of cloud resources, cloud security architecture, and strategy are restraining the market growth. Many organizations are unaware of the number of cloud resources in use and the process of configuring them, despite the trend toward cloud migration. Many organizations still lack key identity-related security controls. Because of the lack of visibility, misconfigurations might go undetected for a long period, making it even more difficult to secure cloud applications.

Furthermore, the rising migration of businesses to the cloud is expected to give a lucrative opportunity for cloud security posture management vendors during forecasted years. Almost every business now uses a combination of private, public, and hybrid cloud technologies. The cloud market has benefited greatly from increased agility and faster delivery of new applications and services. Traditional businesses are under huge competitive pressure as a result of technological advancements. Most organizations are migrating their old IT infrastructure from on-premises to the cloud in order to become faster, more agile, and more competitive.

Global Cloud Security Posture Management Market Segmentation Analysis

The Global Cloud Security Posture Management Market is segmented on the basis of Component, Cloud Model, Vertical, and Geography.

Cloud Security Posture Management Market, By Component

• Software• Services

Based On Component, The Market is segmented into Software and Services. The services segment is expected to grow with the fastest growing CAGR during the forecast period. The CSPM services category includes consulting, deployment, maintenance, and managed services (as-a-service). Services strive to train and develop expertise, provide timely solution upgrades, and assist clients with integrating these with other Information Technology (IT) solutions. With the growing usage of CSPM solutions, the need for supporting services is expected to rise as well.

Cloud Security Posture Management Market, By Cloud Model

• Infrastructure as a Service (IaaS)• Software as a Service (SaaS)

Based On Cloud Model, The Market is segmented into Infrastructure as a Service (IaaS) and Software as a Service (SaaS). The SaaS cloud security posture management segment is expected to grow at a higher CAGR during the forecast period. SaaS is a cloud subscription service that allows organizations to subscribe to applications without in-house staff support. Some of the most popular SaaS applications on the market are Microsoft Office 365, Salesforce.com, Cisco WebEx, and Adobe Creative Cloud. SaaS providers are increasingly collaborating with software developers to roll out software updates as soon as they are released.

Cloud Security Posture Management Market, By Vertical

• BFSI• IT and Telecommunication• Healthcare• Public Sector• Others

Based On Vertical, The Market is segmented into BFSI, IT and Telecommunication, Healthcare, Public Sector, and Others. The Healthcare vertical is expected to grow with the fastest growing CAGR during the forecast period. Healthcare companies are increasingly depending on cloud data services to combat storage and security concerns as the generation of patient data rises at an exponential rate. Healthcare organizations must secure information that is migrated to the cloud in order to comply with privacy and data security regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health (HITECH). With the introduction of cloud security, healthcare organizations are rapidly implementing mobile devices and digital advancements.

Cloud Security Posture Management Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Cloud Security Posture Management Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market size during the forecast period. North America is predicted to be the largest contributor in terms of the market size in the global CSPM market. The United States, in spite of having stringent laws, offers several opportunities for CSPM providers to cater to a wide range of customers across various industries. To maintain operational functionality, business continuity, and prevent misconfiguration, North American organizations have taken various steps toward cloud adoption and are increasingly adopting cloud data protection methods, such as data encryption, DLP, data threat protection, data integrity monitoring, and CSPM. Asia Pacific is expected to grow with the fastest growing CAGR during forecasted years.

Key Player

The “Global Cloud Security Posture Management Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM Corporation (US), VMware, Inc. (US), Microsoft Corporation (US), CheckPoint Software Technologies Pvt Ltd (Israel), McAfee Corporation (US), Fortinet (US), Forcepoint (US), FireEye (US), Zscaler (US), and Cisco Systems (US). The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2020Zscaler acquired Cloudneeti, a CSPM firm, with the goal of reducing risk by detecting and mitigating compliance and data exposure policy violations. Cloudneeti will help Zscaler improve its cloud security by detecting and removing data breaches and compliance violations. Cloudneeti’s CSPM solution takes service provider configurations, compares them to best practices, identifies misconfigurations, and fixes them to prevent breaches and ensure continuous compliance.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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