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Cloud Security Posture Management Market to Witness Huge Growth by Key Players: IBM Corporation, VMware, Inc Microsoft Corporation, McAfee Corporation, Fortinet and more

03-22-2021 07:02 AM CET | IT, New Media & Software

Press release from: ReportsnReports

Cloud Security Posture Management Market to Witness Huge Growth

According to Market Study Report, Cloud Security Posture Management Market provides a comprehensive analysis of the Cloud Security Posture Management Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The global Cloud Security Posture Management (CSPM) market size in the post-COVID-19 scenario is projected to grow from USD 4.0 Billion in 2020 to USD 9.0 Billion by 2026, at a CAGR of 14.4% during the forecast period.

Top Key Players Profiled in the Cloud Security Posture Management Market:
• 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)
• Blazeclan Technologies (India)

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“By component, the services segment expected to grow with fastest growing CAGR during the forecast period”
Consulting, deployment, maintenance, and managed services (as-a-service) are considered in the CSPM services segment. Services aim at training and developing expertise, providing timely upgradations to the solution, and helping customers integrate these with other Information Technology (IT) solutions. With the increasing adoption of CSPM solutions across organizations, the demand for supporting services is also expected to increase among organizations.

“APAC to register the highest growth rate during the forecast period”
Asia Pacific (APAC) comprises of emerging economies, such as China, Japan, India, Australia and New Zealand with developed security infrastructure. Machine Learning (ML), Internet of Things (IoT), big data analytics, and Artificial Intelligence (AI) are emerging methodologies that are being deployed in this region. APAC is home to large number of established Small and Medium-sized Enterprises (SMEs), which are growing at laudable pace to cater to their large customer base. SMEs are rapidly adopting cloud-based solutions to manage their enterprise data.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 20%, Tier 2 – 57%, and Tier 3 – 33%
• By Designation: C-level – 40%, Manager and Others – 60%
• By Region: APAC – 45%, Europe – 35%, North America – 20%

Research Coverage
The market study covers the CSPM market size across different segments. It aims at estimating the market size and the growth potential across different segments, including by component, cloud model, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

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