Market Snapshot:
The emerging and constant changes in the cloud make it difficult to keep a record of whether or not data is stored appropriately. As the cloud grows the requirement to track and defend against misconfigurations grows in parallel. Cloud Security posture management allows for monitoring and can be done through a method of automation; queries are run periodically the frequency depends on the Cloud Security Posture Management and features can allow and automates the identification and remediation of risks across cloud infrastructures including Infrastructure as a Service (IaaS), Software as a Service (Saas), and Platform as a Service (PaaS). According to the research done by the year 2020, most of the security issues is the result of misconfiguration or mistake, the single misconfiguration can lead thousands of the systems to the public internet. The utilization of misconfiguration has become a key vulnerability for companies. It may be due to an application advancement team misconfiguring a cloud application or a SaaS application that has been incorrectly set up, leaving the apps vulnerable to attacks and exploits.
Highlights from Cloud Security Posture Management Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 36.6% |
The key Players profiled in the report are IBM Corporation (United States), VMware Inc. (United States), Microsoft Corporation (United States), CheckPoint Software Technologies Pvt Ltd (Israel), McAfee Corporation (United States), Zscaler (United States), Sophos Group Plc. (United Kingdom), Atos (France), Cisco Systems (United States), Optiv Security (United States), Fortinet (United States), Forcepoint (United States) and FireEye (United States). Additionally, other players that are part of this comprehensive study are CrowdStrike Holdings Inc. (United States), CipherCloud (United States), Aqua Security (United States), Aujas Cybersecurity (United States) and Armor Defense Inc (United States).
Geographic Breakdown and Segment Analysis
The Global Cloud Security Posture Management market presents a comprehensive analysis of the Cloud Security Posture Management market by end-user/application (BFSI, Healthcare, Retail and Trade, IT and Telecommunication, Public Sector and Education), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Cloud Security Posture Management industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Cloud Security Posture Management market
Analyst at AMA have segmented the market study of Global Cloud Security Posture Management market by Type, Application and Region.
Influencing Trend:
Accelerated shift to cloud technologies and the associated security systems and services Shift to SASE security architecture
Market Growth Drivers:
An increase in the misconfiguration, due to the Lack of visibility into the cloud as many of the enterprises are unaware or have no idea what type and how many cloud resources are running and how they are configured led to the boost in the growth of cloud security posture management,
Challenges:
Lack of knowledge among enterprises about the benefits of cloud security posture management solutions
Restraints:
ack of awareness toward cloud resources, cloud security architecture, and strategy
Opportunities:
Migration to cloud to give an opportunity for cloud security posture management
Market Developments Activities:
In January 2021 Entrust Datacard United States-based company acquired HyTrust, an innovative provider of virtualized and multi-cloud data encryption, key management, and cloud security posture management solutions. Enterprises are rapidly transforming to take advantage of the efficiencies and scale of cloud computing. In doing so, data protection and compliance are top of mind
In November 2020, Armor introduced new security posture management, a continuous compliance capability that allows customers to monitor their security posture and mitigate accidental risks in the public cloud. It is a leader in cloud security and introduced an integrated Cloud security posture management feature in its armour anywhere. It offers cloud workload protection through its security agencies to guard against breaches and other intentional attacks in private, public, or hybrid cloud environments.
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cloud Security Posture Management providers, Government Regulatory and Research Organizations and End-Use Industry