The cloud security posture management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Security Posture Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Cloud Security Posture Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Security Posture Management Market Overview
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the cloud security posture management market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud security posture management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the cloud security posture management market report are International Business Machines Corporation, Cisco Systems Inc., Microsoft Corporation, VMware Inc., Check Point Software Technologies Ltd., CrowdStrike Inc., NetApp Inc., Palo Alto Networks Inc., Fortinet Inc., Qualys Inc., McAfee LLC, Trend Micro Incorporated, Lacework Inc., SentinelOne Inc., Sophos Ltd., Aqua Security Software Ltd., Cloudflare Inc., Armor Defense Inc., Alert Logic Inc., BMC Software Inc., CipherCloud Inc., CloudPassage Inc., Dome9 Security Ltd., HyTrust Inc., Illumio Inc., RedLock Inc., Skyhigh Networks Inc., Symantec Corporation, Tenable Inc., Threat Stack Inc., Twistlock Ltd., Zscaler Inc., CloudCheckr Inc.
1. Executive Summary
2. Cloud Security Posture Management Market Report Structure
3. Cloud Security Posture Management Market Trends And Strategies
4. Cloud Security Posture Management Market – Macro Economic Scenario
5. Cloud Security Posture Management Market Size And Growth
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27. Cloud Security Posture Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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