According to market research report on "Cloud
Security Posture Management Market by Component (Solution and Services), Cloud
Model (IaaS and SaaS), Vertical (BFSI, Healthcare, Retail and Trade, IT and
Telecommunication, Public Sector, and Education), and Region - Global Forecast
to 2026", published by MarketsandMarkets™, the global post-COVID-19 Cloud
Security Posture Management Market size is expected to grow from USD 4.0
billion in 2020 to USD 9.0 billion by 2026, at a Compound Annual Growth Rate
(CAGR) of 14.4% during the forecast period.
As the world is approaching
cloud-native future, the dependency of organizations on digital assets is
increasing rapidly. Cyber hygiene has become crucial in the development of a
security posture of any business entity. CSPM refers to the solutions and
services deployed to protect applications, data, networks, endpoints, and
associated infrastructure through the cloud by checking their respective
configurations, policy, and standards violations. Cloud security providers
incorporate these regulations to maintain security, privacy, and compliance
(with necessary regulations) of customer data.
Browse and in-depth TOC on “Cloud Security
Posture Management Market”
227 –
Tables
45 - Figures
230 - Pages
From the era of viruses and worms
(the 1990s) to the era of Advanced Persistent Threats (APTs), the level of
sophistication and the impact of cyberattacks have evolved significantly. As
the number of network devices increased, enterprises started looking at cloud
security solutions that could identify and mitigate these threats in real time
and thus, minimize the risk posed by them. Advanced cloud security solutions
protect public and private cloud infrastructure and will increasingly help
combat cybercrimes in the future, saving trillions of dollars globally.
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MarketsandMarkets
has segmented the global Cloud Security Posture Management Market by component,
cloud model, vertical, and region. The component segment is categorized into
solution and services. The cloud model segment includes infrastructure as a
service (IaaS), and software as a service (SaaS). The verticals considered in
the report are BFSI, healthcare, retail and trade, education, IT and
Telecommunication, public sector, and other verticals (incl. media and
entertainment, hospitality, and manufacturing). The overall CSPM market is
studied across five regions: North America, Europe, APAC, Latin America, and
MEA.
By component, CSPM solutions
segment to have the highest market share during the forecast period
CSPM solution provides visibility
into the public cloud infrastructure of an organization, including cloud
resources, compliance, and cloud configurations. CSPM solutions were earlier
known as Cloud Infrastructure Security Posture Assessment (CISPA). The
solutions are developed to help the consumers mitigate the risk of policy
violations, misconfigurations of cloud solutions, and lack of compliance and
industry standards (CIS, NIST, and HIPAA). In the Covid-19 pandemic, the
increasing data and traffic on the public cloud and lack of expertise of cloud
configurations, have made the cloud resources more vulnerable than the previous
years. CSPM solutions are designed and developed to handle cloud
misconfigurations and policy violations. The increasing cloud adoption and IT
spending on the public cloud are expected to fuel the market growth of CSPM in
the coming years, globally.
By Vertical, BFSI segment to have
the highest market share during the forecast period
Banks and financial institutions
are increasingly moving their data on the cloud environment, amid the COVID-19 outbreak.
With the widespread adoption of cloud computing platforms, finance and
insurance companies are required to meet the highest security standards set by
the financial regulatory authorities. There is a constant need for proper
security measures and vigilance to protect organizations from potential cloud
attacks. Consequently, the adoption of cloud security would resolve such
challenges. Financial institutes are always the early adopter of advanced and
upgraded technologies. CSPM is one of the essential security tools that are
developed to secure the posture of the deployed cloud resources, which has
significant applications in the BFSI vertical.
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Asia Pacific to grow with the fastest growing CAGR during the forecast period
Various developments are taking
place in APAC concerning the adoption of technologies, such as BI tools, cloud,
analytics, and rapid infrastructure development. APAC is the fastest-growing
region in terms of the adoption of CSPM. According to a survey by Palo Alto
Networks, enterprises across four countries in APAC: Australia, China, India,
and Singapore, revealed that insecure interfaces and APIs, data breaches, data
losses, and misconfigurations are the top cybersecurity risks in the region.
Moreover, with the rising intensity and complexity of cyberattacks, data
security concerns of businesses in this region have been escalating.
Furthermore, the survey found that 69% of organizations in Singapore believe
that security offered by cloud service vendors is sufficient for protection
against cloud threats. Increasing advancements in mobility and cloud adoption
and growing mandatory compliances with government regulations to resolve data
security issues have forced enterprises to adopt CSPM.
Major vendors in the global Cloud Security Posture Management Market
include 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), Cisco Systems (US),
Optiv Security (US), Sophos Group Plc. (UK), Atos (France), Palo Alto Networks,
Inc. (US), CrowdStrike Holdings Inc. (US), CipherCloud (US), Aqua Security
(US), Aujas Cybersecurity (US), Armor Defense Inc (US), BitGlass (US),
Hillstone Networks (China), Netskope (US), DivvyCloud Corporation (US), Fugue,
Inc (US), Orca Security (Israel), Accurics (US), AppOmni (US), CloudPassage
(US), OpsCompass, LLC (US), Adaptive Shield (Israel), and Blazeclan
Technologies (India).
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