Cloud Security Posture Management Global Market Report 2024

Cloud security posture management refers to IT security technologies made to find cloud misconfiguration problems and compliance threats as well as to continuously check the cloud infrastructure for a lack of compliance with security policy. It is used by businesses that wish to extend their security best practices to hybrid and multi-cloud systems and have embraced a cloud-first strategy. Although CSPM is frequently linked to infrastructure as a service (IaaS) cloud services, the technology can also be utilized in software as a service (SaaS) and platform as a service (PaaS) cloud settings to decrease configuration errors and lower compliance risks.

The main components of cloud security posture management are solutions and services. Solutions are used to integrate disparate systems, improve project risks and reduce time to value. A cloud computing solution is a method that offers all components of an IT solution as part of a single offer. The organization sizes are large enterprises and small & medium enterprises. The cloud models are infrastructure-as-a-service (iaas), platform-as-a-service (PaaS), software-as-a-service (saas). The verticals include bfsi, healthcare, retail, trade, it, telecommunication, and the public sector.

The cloud security posture management market research report is one of a series of new reports that provides cloud security posture management market statistics, including cloud security posture management industry global market size, regional shares, competitors with a cloud security posture management market share, detailed cloud security posture management market segments, market trends and opportunities, and any further data you may need to thrive in the cloud security posture management industry. This cloud security posture management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

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.

The increasing adoption of cloud services by companies is expected to propel the growth of the cloud security posture management market in the coming years. Cloud services are a large range of IT resources delivered over the internet that are accessible by companies and individuals with no requirement for maintenance or upgrades. The use of cloud security posture management in cloud services is critical for creating a safe and compliant cloud environment and protecting cloud infrastructure from possible threats and vulnerabilities while complying with privacy guidelines and industry standards. For instance, in December 2021, according to Eurostat, a Luxembourg-based statistics office in charge of creating exceptional information and indicators for all of Europe that allow for cross-national comparisons, cloud computing was especially popular in big organizations, as 72% utilized it in 2021, a 7%-point increase over 2020. Cloud computing was adopted by 53% of medium-sized businesses in 2021, up from 46% in 2020. The utilization of cloud computing in small businesses climbed by 5% to 38%. Therefore, the increasing adoption of cloud services by companies is driving the security posture management market.

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.

Major companies operating in the cloud security posture management market are adopting a strategic partnership approach to launch innovative products. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in June 2023, Check Point Software Technologies Ltd., an Israel-based company specializing in cloud security posture management and cybersecurity, announced a partnership with Telus Corporation, a Canada-based telecommunications and cloud security posture management company, to introduce the TELUS Cloud Security Posture Management (CSPM) solution in Canada. TELUS CSPM, which is powered by Check Point's AI-based threat detection and high-precision posture management technology, offers a comprehensive managed solution for Canadian enterprises that helps track cloud security posture in real-time as well as detect, remediate, and report on vulnerabilities. This collaboration is an essential step in enabling Telus Corporation businesses to thrive in a digital future by assisting enterprises of all sizes in safely managing their cloud security.

In October 2021, Forcepoint, a US-based company that provides data-first security, acquired Bitglass for an undisclosed amount. Through this acquisition, Forcepoint will offer a best-in-class SSE platform with cutting-edge Cloud Access Security Broker (CASB), Secure Web Gateway (SWG), and Zero Trust Network Access (ZTNA), all easily managed from a single console. Bitglass a US-based company provides data and threat protection for any interaction, anywhere, on any device to make sure to secure business continuity across the distributed enterprise.

Major companies operating in the 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.

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 countries covered in the cloud security posture management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The cloud security posture management market consists of revenues earned by entities by providing cloud security posture management that is used to find security threats in the cloud infrastructure. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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