The Cloud Security Posture Management by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cloud Security Posture Management, the cloud security posture management market size has grown rapidly in recent years. It will grow from $4.42 billion in 2023 to $5.03 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to increased adoption of cloud computing, growing concerns about data breaches and cybersecurity threats, compliance requirements and regulations for data protection, rapid migration of businesses to cloud-based infrastructure, complexity of managing security in multi-cloud environments.
The cloud security posture management market size is expected to see rapid growth in the next few years. It will grow to $8.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to continued growth of cloud adoption across industries, rise in the frequency and sophistication of cyberattacks, expansion of hybrid and multi-cloud architectures, emphasis on automation and orchestration in cloud security, increased focus on real-time monitoring and response capabilities. Major trends in the forecast period include integration of artificial intelligence (ai) and machine learning (ml) in security posture management, development of cloud-native security solutions, convergence of cloud security posture management (cspm) with other security tools, growing importance of devsecops in cloud security strategies, integration of zero-trust security principles in cloud environments.
A huge increase in the number of people using the internet for employment, education, and leisure is driving significant growth for cloud security posture management. There has been a tremendous rise in the number of internet users for various reasons such as employment, education, and leisure time. One of the most influential and quickly developing technologies is the internet which has further led to a boost in demand for cloud security posture management (CSPM). Consumption for CSPM technologies is sparked by the ensuing sharp increase in bandwidth demand as well as an unanticipated rise in the frequency of cyberattacks such as Ransomware, Distributed Denial of Service (DDoS), and other threats. For instance, in November 2022, according to the International Telecommunication Union, a Switzerland-based United Nations is in charge of a wide range of concerns, particularly technology and communication, The Internet is used by an estimated 5.3 billion individuals, or 66% of the global population. This implies a 6.1% increase from now to 2021. Therefore, the need to secure the data with increasing use of the internet and cyberattacks is the main concern of the customers which has led to a positive shift in the demand for cloud security posture management.
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The cloud security posture management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Cloud Model: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS)
4) By Vertical: BFSI, Healthcare, Retail, Trade, IT, Telecommunication, Public Sector
New product innovation is the key trend gaining popularity in cloud security posture management. Major companies operating in the cloud security posture management market are focused on developing new technological solutions to strengthen their position. For instance, in May 2023, With Secure, a Finland-based cloud security posture management firm, launched a novel module for its With Secure Elements security platform that detects unsafe cloud settings used by attackers to infiltrate networks. Cloud Security Posture Management is an innovative module for With Secure Elements, a cloud-based security platform that allows enterprises to customize and choose the capabilities they want through several modules. The module is designed to handle risks associated with flaws and misconfigurations in major cloud-based IaaS systems. From the outset, both AWS and Microsoft Azure are supported. Cloud Security Posture Management features supplement With Secure Elements’ safeguarding of endpoints, endpoint identification and reaction, vulnerability management, and team protection modules to guarantee enterprises’ cloud migration incorporates security.
The cloud security posture management market report table of contents includes:
1. Executive Summary
2. Cloud Security Posture Management Market Characteristics
3. Cloud Security Posture Management Market Trends And Strategies
4. Cloud Security Posture Management Market – Macro Economic Scenario
5. Global Cloud Security Posture Management Market Size and Growth
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31. Global Cloud Security Posture Management Market Competitive Benchmarking
32. Global Cloud Security Posture Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cloud Security Posture Management Market
34. Cloud Security Posture Management Market Future Outlook and Potential Analysis
35. Appendix
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