Cloud Security Posture Management Market Forecasts to 2028 – Global Analysis By Cloud Model (Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS)), Component, Organization Size, and By Geography

Cloud Security Posture Management Market Forecasts to 2028 – Global Analysis By Cloud Model (Software as a service (SaaS), Platform as a service (PaaS), Infrastructure as a service (IaaS)), Component, Organization Size, and By Geography

According to Stratistics MRC, the Global Cloud Security Posture Management Market is accounted for $3.64 billion in 2021 and is expected to reach $9.97 billion by 2028 growing at a CAGR of 15.5% during the forecast period. Cloud security posture management (CSPM) tools allow companies to identify and remediate risks through security assessments and automated compliance monitoring. Many organizations mistakenly assume their cloud hosting provider is entirely responsible for security after moving to the cloud. Cloud security posture management solutions automatically and continuously check for misconfigurations that can lead to data breaches and leaks. This automated detection allows organizations to make necessary changes on a continuous, ongoing basis.

Market Dynamics:

Driver:

Growing inclination for cloud management

To become faster, agile, and competitive, most organizations transfer their legacy IT infrastructure from on-premises to the cloud. With rising technological advancements, traditional organizations are under huge competitive pressure. Organizations that shift their legacy data center processes to a cloud environment can face additional costs, capability bandwidth of IT team infrastructure, and lack of vision which increases the requirement of cloud security posture management. Moreover, due to social distancing, millions of workers across the world are enabled to work from home, which has forced organizations and small enterprises to move business-critical applications to hybrid cloud environments.

Restraint:

Organizations’ failure to adhere to the continuous changes in the compliance frameworks

A prominent yet unanticipated challenge faced by the data teams when migrating to the cloud is relinquishing control during the pandemic. The inability to manage assets on-premises creates a void for data engineers and architects and can be a source of opportunity for various threats to get into the systems. Many compliance frameworks (such as PCI DSS) incorporate the concept of continuous compliance as a requirement. Though many organizations have migrated to the cloud with the help of the AWS framework, that does not help them comply with the regulations. These compliance frameworks provide high-level controls, which need to be regularly met.

Opportunity:

Rising configuration errors in cloud infrastructure

With the rising cloud adaption, the chances of misconfigurations have increased significantly. Cloud security and posture management help monitoring with the help of automation, which helps security personnel fix the problem as soon as notified. For instance, recently, Capital One, an American financial institution, had a threat detection on SQL databases that was misconfigured, which left the cloud open for vulnerabilities and data breaches. Cloud security posture management can help protect against this kind of misconfigurations thus creating ample opportunities for the market.

Threat:

Lack of skilled expertise

The experts or the staff needs to have the required technical skill and knowledge for implementing, processing, analyzing, and securing the cloud solutions when it comes to the actual usage of the CSPM solutions. For instance, the 2021 Application Security Report from Fortinet and Cybersecurity Insiders found that a lack of skilled personnel tops the list of barriers for 46% of the surveyed organizations to secure cloud-based infrastructure. Organizations have no choice but to turn to software and automation to address this gap.

The software as a service (SaaS) segment is expected to be the largest during the forecast period

The software as a service (SaaS) segment is estimated to have a lucrative growth. SaaS applications are also called as on-demand software, or hosted software, or web-based software. Capabilities such as DLP, compliance, and industry regulation solutions and advanced malware prevention are attracting enterprises to use SaaS security solutions. Companies such as AppOmni and Adaptive Shield are some of the few companies offering SaaS-based CSPM solutions. Due to multiple benefits, CSPM providers are now integrating SaaS into CSPM solutions to offer a single solution for SaaS and IaaS-based cloud security services.

The solutions segment is expected to have the highest CAGR during the forecast period

The solutions segment is anticipated to witness the fastest CAGR growth during the forecast period. CSPM solutions provide the necessary cloud visibility to detect and prevent configuration errors before they cause a breach. Some CSPM solutions may even leverage AI to predict where risks are likely to arise in the future. These solutions provide visibility into the public cloud infrastructure of an organization, including compliance, cloud configurations, and cloud resources.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the developed security infrastructure across the region. Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and big data analytics are emerging methodologies that are being deployed in this region. Despite the growing importance of SMEs in this region, they are most affected mostly by cyber and malware attacks owing to budgetary constraints and resource shortages.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period due to the presence of wide range of customers across various industries. The volume of attacks on cloud services, especially with the onset of COVID-19, is persuading enterprises in the US and Canada to configure cloud architecture as such to prevent any data breach. North American organizations have taken various steps toward cloud adoption and increasingly adopting cloud data protection methods, such as data encryption, DLP, data threat protection, data integrity monitoring, and CSPM, to maintain operational functionality and business continuity and prevent misconfiguration.

Key players in the market

Some of the key players profiled in the Cloud Security Posture Management Market include Atos SE, Check Point Software Technologies, Cisco Systems, CrowdStrike Holdings, Inc, Forcepoint, Fortinet,, Fujitsu Ltd, International Business Machines Corporation, Microsoft Corporation, Netskope, Oracle Corporation, Palo Alto Networks, Inc, Sophos Group plc, VMware, Inc, and Zscaler.

Key Developments:

In February 2022, Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, announces the acquisition of Spectral, an Israeli startup and key innovator in developer-first security tools designed by developers for developers. With this acquisition, Check Point will extend its cloud solution, Check Point CloudGuard, with developer-first security platform, and provide the widest range of cloud application security use cases including Infrastructure as Code (IaC) scanning and hardcoded secrets detection.

In March 2022, Google Cloud and VMware, Inc announced an expanded partnership to help customers accelerate app modernization and cloud transformation. Customers will now be able to use the VMware Cloud Universal program to take advantage of Google Cloud VMware Engine. Through this extended partnership, enterprise customers will gain greater financial flexibility, choice, and the ability to accelerate their cloud migrations and modernize their enterprise applications in Google Cloud.

Cloud Models Covered:
• Software as a service (SaaS)
• Platform as a service (PaaS)
• Infrastructure as a service (IaaS)

Components Covered:
• Services
• Solutions

Organization Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises

End Users Covered:
• Banking, Financial, and Insurance Services (BFSI)
• Communication
• Education
• Government
• Healthcare
• Information Technology & Information Technology-Enabled Services (IT & ITes)
• Retail & eCommerce

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances