Cloud Security Posture Management Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Cloud Security Posture Management Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Report Digest
The cloud security posture management market is expected to grow steadily in 2021, over 2020. Owing to the security of data, adoption is likely to witness a spike, fuelled by acceleration induced by COVID-19 scenario.
Cloud security posture management also known as cloud infrastructure security posture assessment is a group of security tools that are required for compliance monitoring, DevOps integration, incident response and risk visualisation. These services are installed to protect applications, data, endpoints, etc. by checking their respective configurations, policy and standard regulations.
Finding misconfigured network connectivity
Recorded data is always there at cloud at risk of hacking. Prevalence of cyber-attacks, misconfigured systems such as server workloads and cloud services can lead to attack data assets and business operations. With CSPM, misconfigured data can be addressed easily.
It scans your misconfiguration and improper settings which can make data accessible and vulnerable for exploitation. Therefore, need of checking if the data is misconfigured or not continues to be a key adoption factor.
Remediation capabilities in CSPM leading the growth
Remediation refers that CSPM can drive faster iterative change across workloads and environments that what could be done manually. Automatic tools of CSPM work on issues with no or minimal human intervention and thus provide tremendous value for security in big companies. Prevalence of automation is a key growth prospect for significant market growth.
Cybercrimes and insufficient management
There are some significant issues while dealing with cloud computing owing to impacting the identity, credential and access management. Also, Cybercrime in the world can be contained but for eradicating it completely we need laws.
CSPM can provide security but lack of awareness regarding cyber-crimes among SME owners can hamper the growth of the market. As per the sources, by 2022, 95% of cyber-crimes will happen due to carelessness and lack of awareness among customers.
Competitive Landscape
Prominent players in the cloud security posture management comprise of:
- IBM Corporation (US)
- Microsoft Corporation (US)
- VMware, Inc (US)
- Forcepoint (US)
- Cisco Systems (US)
- Zscalar (US)
- CipherCloud (US)
- Aqua Security (US)
- Adaptive Sheild (Israel)
- CloudPassage (US)
- Blazeclan Technologies (India)
- BitGlass (US)
Recent developments in the cloud security sector include:
- In May 2020, LoginRadius announced that it is starting its service implementation to the BroadcastMed, a US based video broadcasting company. The company has a customer friendly on-boarding process and have increased the streaming efficiency. With Loginradius, the company plans to escalate the adoption of data protection protocol and simplify their login process.
- In May 2020, CyberArk acquired Idaptive, for delivering the industry’s only modern identity platform with a security-first approach and delivering AI based approach for managing identities. The company plans to improve their overall security posture with efficient and seamless user experience and complex regulatory requirements.
Regional Outlook
Asia-Pacific is expected to register the highest growth in cloud security management during the forecast period. Growth in emerging technologies such as IOT, big data analytics, and artificial intelligence deployed majorly in the region is a key growth prospect. Adaption of cloud based solutions by SMEs is increasing the customer base in the region.
North America is also one of the largest markets for cloud security management. Along with the rising number of start-ups which prefer cloud security a major requirement leading to its rapid adoption. “International Telecommunication Union” reports North America as a proactive and a country which is committed towards cyber security. Major adoption is seen in the BFSI sector to prevent credit card frauds and data breaches.
Cloud Security Posture Management-Segmentation
By Component
- Solution
- Services
By Cloud Model
- IaaS
- SaaS
By Vertical
- BFSI
- Healthcare
- Retail
- Trade
- IT
- Telecommunication
- Public Sector
- Education
By Region
- Asia-Pacific
- North America
- Europe
- Middle East and Africa
- Which are the most lucrative markets for Cloud Security Posture Management?
US, UK, Germany, France, Japan, and South Korea are among the leading markets for cloud security posture management.
- Which are the most top vendors for CSPM?
Zscalar (US), CipherCloud (US), Aqua Security (US), LoginRadius are some of the prominent vendors for cloud security posture management.
- What the key trends for cloud security posture management?
Prevalence in data breaching, hacking and data modification is boosting the adoption as data security has become the primary concern globally.
- Which is the lucrative segment for cloud security posture management?
Services segment is expected to witness princely growth as its target is training and developing expertise.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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