Cloud Security Posture Management (CSPM) Market: Growth Opportunity | McAfee Corporation, IBM Corporation, VMware Inc, Fortinet

According to the report, the global cloud security posture management (CSPM) market size is expected to reach $14.7 Billion by 2028 growing at the CAGR of 16.96% from 2021 to 2028. This growth is attributed to an increase in the number of security breaches caused by cloud misconfigurations, and a lack of security tools and policies to mitigate the risk of cloud infrastructure security breaches. The demand for cloud infrastructure security solutions has increased in the Covid-19, as has the utilization of cloud-based solutions and services. Vendors of Cloud Security Posture Management (CSPM) are expected to create a lucrative opportunity. The company is hampered by a lack of understanding of cloud resources, security architecture, and strategy.

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The recently published research report on the Global Cloud Security Posture Management (CSPM) Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Cloud Security Posture Management (CSPM) market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Cloud Security Posture Management (CSPM) market report also includes the following data points:
• COVID19 Impact on Cloud Security Posture Management (CSPM) market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Cloud Security Posture Management (CSPM) market

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Key Players
Some of the major Cloud Security Posture Management (CSPM) players holding high market share include McAfee Corporation, IBM Corporation, VMware Inc, Fortinet. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• McAfee Corporation
• IBM Corporation
• VMware Inc
• Fortinet
• Forcepoint
• FireEye
• CrowdStrike Holdings Inc
• Accurics
• CloudPassage
• Atos

Segmental Analysis
Market Segment By Component with focus on market share, consumption trend, and growth rate of Cloud Security Posture Management (CSPM) Market:
o Solutions
o Services

Market Segment By End-User with focus on market share, consumption trend, and growth rate of Cloud Security Posture Management (CSPM) Market:
o BFSI
o Healthcare
o Retail and Trade
o IT and Telecommunication
o Public sector
o others

Market Segment By Cloud Model with a focus on market share, consumption trend, and growth rate of Cloud Security Posture Management (CSPM) Market:
o IaaS
o SaaS

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Global Cloud Security Posture Management (CSPM) Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

North America is anticipated to be the greatest contributor to the global CSPM market in terms of market size. To preserve operational functionality, business continuity, and prevent configuration issues, North American companies have taken various steps toward cloud migration and are increasingly having adopted cloud data protection methods, such as encrypting data, DLP, data threat protection, and data security monitoring, and CSPM.

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