Cloud Security Posture Management (CSPM) Market

As per GMI Research analysis the Cloud Security Posture Management Market is slated to register a CAGR of 16.1% over the forecast period, till 2029.

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Cloud Security Posture Management (CSPM) Market Overview

The various factors responsible for the growth of the global cloud security posture management market include the rising cases of security breaches, lack of security tools to decrease the risk related to cloud infrastructure, and the growing usage of cloud based solutions and services. Moreover, the growing instances of cloud breaches owing to its misconfiguration is further propelling the demand for cloud security posture management solutions. The complex and fragmented hybrid cloud networks have made it impossible for the network security teams to cope up with the changes. This has led to an increase in the adoption of the DevOPs methods, has surged the loopholes as the developers build and deploy applications and frequently often bypassing the security.

As per the report published by CheckPoint, in 2020, one of the major threats cited by respondents is a cloud platform configuration error along with unauthorized cloud access (68%), unsecured interfaces (52%), and account theft (50%). Moreover, the growing migration of businesses to the cloud is projected to give opportunities for cloud security posture management vendors.

Restraint in the Cloud Security Posture Management Market

However, the lack of awareness related to cloud resources, cloud security architecture, and strategy is further hampering the growth of the market during the forecast period.

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Cloud Model – Segment Analysis

Based on the cloud model, the SaaS segment is projected to grow at a higher CAGR during the forecast period. The SaaS is a cloud subscription service that allows organizations to subscribe to the application without in-house staff support. The SaaS providers are increasingly partnering with software developers to roll out the software updates. With the proliferation of cloud collaboration tools posts the pandemic, SaaS businesses are projected to grow as these solutions are easy to deploy, manage, and support virtually on the cloud solutions. Various capabilities, including DLP, compliance, and industry regulations solutions, and advanced malware prevention, are further encouraging enterprises to use SaaS security solutions. Owing to the various advantages, CSPM providers integrate with the SaaS into CSPM, including AppOmni and Adaptive Shield.

Vertical – Segment Analysis

Based on the vertical, the healthcare segment is anticipated to grow at a faster CAGR during the forecast period. The growing need to comply with the privacy and data security requirements, including the Health Insurance Portability and Accountability Act (HIPAA) and Health Information Technology for Economic and Clinical Health (HITECH) needs healthcare organizations to secure information that is migrated to the cloud. Healthcare organizations are implementing mobile devices and digital advancements due to the growing adoption of cloud security. Moreover, the increasing number of cyberattacks, including ransomware and misinformation campaigns on healthcare organizations due to the COVID-19 pandemic, is further growing the market growth over the coming years.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the market during the forecast period. The US provides several opportunities for the CSPM providers to capture to the different customer in various sectors. The North American companies are taking various steps towards cloud adoption and is increasingly opting for cloud data protection methods, including data encryption, DLP, data threat protection, and data integrity monitoring, and CSPM, for maintaining the operational functionality and business continuity.

Top Market Players

Various notable players operating in the market include IBM Corporation, VMware Inc., Microsoft Corporation, CheckPoint Software Technologies Pvt. Ltd., McAfee Corporation, Forcepoint, FireEye, Zscaler, CISCO Systems, and Atos, among others. 

Key Developments:

• • In 2020, Zscaler acquired Cloudneeti, a CSPM company to decrease risk by identifying mitigating compliance and data exposure policy violations. This will improve cloud security by discovering and reducing the data breaches and compliance violations.

Segments covered in the Report:

The global Cloud Security Posture Management market has been segmented on the basis of Component, Cloud Model, Vertical, and regions. Based on Component, the market is segmented into Solutions and Services. Based on Cloud Model, the market is segmented into Infrastructure as a Service (IaaS) and Software as a Service (SaaS). Based on Vertical, the market is segmented into Banking, Financial, and Insurance Services, Healthcare, Retail and Trade, Education, IT and Telecommunications, Public Sector, and Others. 

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Market Segmentation

Global Cloud Security Posture Management Market by Component

• • Solutions
  • Services

Global Cloud Security Posture Management Market by Cloud Model

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

Global Cloud Security Posture Management Market by Vertical

• • Banking, Financial, and Insurance Services
  • Healthcare
  • Retail and Trade
  • Education
  • IT and Telecommunications
  • Public Sector
  • Others

Global Cloud Security Posture Management Market by Region

• • North America Cloud Security Posture Management Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Cloud Model
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Cloud Security Posture Management Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Cloud Model
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Cloud Security Posture Management Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Cloud Model
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Cloud Security Posture Management Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Cloud Model
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Cloud Security Posture Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • VMware Inc.
  • Microsoft Corporation
  • CheckPoint Software Technologies Pvt. Ltd.
  • McAfee Corporation
  • Forcepoint
  • FireEye
  • Zscaler
  • CISCO Systems
  • Atos