Rising instances of security breaches due to misconfigurations of the cloud, increasing adoption of cloud-based solutions in organizations is expected to drive the cloud security posture management market during the period forecast.
JERSEY CITY, NJ, February 17, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Cloud Security Posture Management MarketBy component (software and services), by cloud model (infrastructure as a service (IaaS) and software as a service (SaaS)), by vertical (BFSI, IT and telecommunications, healthcare) and by geography. According to Verified Market Research, the global cloud security posture management market size has been valued at $3.8 billion in 2020 and is expected to reach $11.09 billion by 2028, growing at a CAGR of 14.38% from 2021 to 2028.
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Global Cloud Security Posture Management Market Overview
Rising instances of security breaches due to cloud misconfigurations are expected to drive the demand for cloud security posture management. It’s impossible for network security teams to keep up with changes in complex and fragmented hybrid cloud networks. The lack of full visibility into this ever-changing environment is a challenge for IT and security teams. Adoption of the DevOps method has also increased the number of security vulnerabilities, as developers build and deploy applications quickly and frequently, often bypassing security.
The constant changes in the cloud make it difficult to retain data properly. The likelihood of misconfigurations has increased dramatically as cloud usage has increased. Growing adoption of cloud-based solutions across organizations is estimated to drive the cloud security posture management market over the forecast period. Due to the remote workforce, the adoption of cloud-based solutions and services has grown during the COVID-19 pandemic, increasing the need for cloud infrastructure security solutions. This is expected to be a significant driving force in the market.
However, a lack of awareness of cloud resources, cloud security architecture, and strategy is restraining the market growth. Many organizations ignore the number of cloud resources used and the configuration process, despite the trend of cloud migration. Many organizations still lack key identity-related security controls. Due to the lack of visibility, misconfigurations can go unnoticed for a long time, making it even more difficult to secure cloud applications.
In April 2020: Zscaler has acquired Cloudneeti, a CSPM company, with the goal of reducing risk by detecting and mitigating data exposure and compliance policy violations. Cloudneeti will help Zscaler improve its cloud security by detecting and resolving data breaches and compliance breaches.
The major market players are 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), and Cisco Systems (US).
Verified Market Research has segmented the global cloud security posture management market on the basis of components, cloud model, vertical, and geography.
Cloud Security Posture Management Market, By Component
Cloud Security Posture Management Market, By Cloud Model
Cloud Security Posture Management Market, By Industry
Cloud Security Posture Management Market by Geography
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Top 5 Cloud Managed Services use the Internet to provide applications
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