Cloud Security Posture Management Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | International Business Machines Corporation, Cisco Systems Inc., Microsoft Corporation

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cloud Security Posture Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.75 billion In 2028 At A CAGR Of 14.8% :

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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Cloud Security Posture Management Market Major Segments
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

Key Driver - Rising Internet Usage And Cybersecurity Concerns Propel Demand For Cloud Security Posture Management (CSPM)

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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Prominent Trend - Innovative Advancements In Cloud Security Posture Management With Cutting-Edge Module For Enhanced Cloud Safety

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, WithSecure, a Finland-based cloud security posture management firm, launched a novel module for its WithSecure Elements security platform that detects unsafe cloud settings used by attackers to infiltrate networks. Cloud Security Posture Management is an innovative module for WithSecure 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 WithSecure Elements' safeguarding of endpoints, endpoint identification and reaction, vulnerability management, and team protection modules to guarantee enterprises' cloud migration incorporates security.

Cloud Security Posture Management Market Players
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.

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Largest And Fastest Growing Region In The Market
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

The Table Of Content For The Market Report Include:
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
…..
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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