The global cloud security posture management market is anticipated to grow at a significant CAGR 14.6% during the forecast period (2024-2031). Cloud security posture management is a strategy and tool used by organizations for reducing the operational complexities to manage multiple clouds via a centralized security solution for all cloud services and infrastructure. Additionally, it enables organizations to assess various security responsibilities such as compliance assessment, operational monitoring, DevOps integration, incident detection and response as well as visualization of risks.
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The major factor driving the growth of the global cloud security posture management market during the forecast period is the increasing burden of the increasing cases of security breaches due to cloud misconfigurations as well the increasing adoption of cloud-based solutions across organizations globally. Additionally, due to the nationwide lockdowns and remote workforce, the adoption of cloud-based solutions and services has increased during the COVID-19 pandemic which has further increased the demand for cloud infrastructure security solutions.
Another factor supporting the growth of the market across the globe is the rising various strategies including mergers and acquisitions, partnerships, geographical expansion, and others catering to stay competitive in the market. For instance, in November 2021, Sonrai Security announced that it has joined Microsoft Intelligent Security. The company offers cloud security posture management (CSPM), Cloud infrastructure entitlements management (CIEM) as well as data security in one platform, powered by a cloud identity graph. Some of the key market players serving the cloud security posture management market globally includes Cisco Systems Inc., IBM Corp., Microsoft Corp., Palo Alto Networks, Inc., and others.
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Market Coverage
- Segment Covered-
o By Component
o By Organization Size
o By Cloud Model
o By Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Cisco Systems Inc., IBM Corp., Microsoft Corp., Palo Alto Networks, Inc. and VMware, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cloud Security Posture Management Market Report by Segment
By Component
- Solutions
- Services
o Professional
o Managed
By Organization Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Cloud Model
- Infrastructure-as-a-Service (IaaS)
- Platform-as-a-Service (PaaS)
- Software-as-a-Service (SaaS)
By Vertical
- BFSI
- Government
- Healthcare
- IT & ITeS
- Retail & E-Commerce
- Education
- Others
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