Global Cloud Security Posture Management Market Insights, Forecast to 2028

Cloud Security Posture Management Market

The global Cloud Security Posture Management market size is projected to reach USD 10850 Million by 2028, from USD 4659 Million in 2021, at a CAGR of 12.6% during 2022-2028. Key drivers of the cloud security posture management market include the online storing of patient data and the increasing popularity of cloud computing in medical care.

The rising need for CSPM solutions in the financial industry will fuel the market’s growth in the upcoming years.  The growing demand for secure retail solutions will boost the growth of the market during the forecast period.

Trends Influencing the Growth of the Global Cloud Security Posture Management Market

Medical Care 

Cloud security posture generally deals with mismatched configuration errors. It inspects every setting on a cloud resource and compares them with existing security practices to figure out the inherent gaps. Cloud adoption is moving at a rapid pace in the healthcare sector. Crucial corporate data and patients’ personally identifiable information lay exposed to a variety of vulnerabilities like ransomware and malware attacks. Stringent guidelines like the HIPAA lay out the specifics around security, due diligence, incident remediation, and data protection. CSPM tools are critical as they maintain healthcare cloud security. This will bolster the growth of the cloud security posture management market in the forthcoming years. The tool scans multiple cloud environments to enable seamless telehealth delivery to remote corners of the world. It measures all the public clouds for enhanced security vulnerabilities. The in-built automation scans the accounts in real-time. The integration to multiple software systems is achieved automatically with enhanced visibility. CSPM offers a robust solution for remediating insecure configurations before they become significant issues and damage the entire cloud infrastructure of hospitals. 

BFSI

The IT staff in the financial domain do not have the requisite information to secure all cloud platform service providers as data encryption is no longer centralized. Multi-cloud systems come with added complexities and structural changes. This will foster the expansion of the cloud security posture management market in the coming years. Rapid deployment exacerbates the problems of complete monitoring and visibility. Cloud computing is gradually playing a key role in the banking industry due to rising compliance and security solutions. CSPM manages the data risks by following a set of predefined standards for configuration. The application is automated with wide-scale penetration. This saves developers huge amounts of money and speeds up the entire software development process. Maintaining regulatory compliance for financial organizations can be a difficult task. Cloud posture management automates reporting that ultimately leads to a sound compliance mechanism 24/7 thereby pleasing auditors. The minute regulatory needs are tracked even on obscure installations. A fixed standard is maintained with a high level of granularity and credible proof of evidence. Moreover, CSPM keeps a record of past compliance history trails thereby leading to effective coordination between different departments. 

Retail 

Businesses in the retail industry are adopting CSPM solutions for quick risk assessment, visualization, monitoring, and DevOps integration. Misoconfigures resources and insecure cloud activities are detected across all cloud applications and servers. This provides complete visibility to security administrators. Thousands of settings have to be managed in an enterprise network and sensitive data has to be protected from several unauthorized access points. The consequences of damaged cloud infrastructure can be immense in the form of loss of brand equity, compromised intellectual property, failed audits, data breaches, and inability to maintain proper regulatory standards. Furthermore, the common security overlaps include access to unencrypted storage buckets. Vulnerable internet connectivity and malware-ridden applications. This will augment the growth of the cloud security posture management market in the coming years. Traditional on-premise security is no longer feasible as a highly competitive market makes manual processes redundant. They are not able to keep pace with the scale and speed of newly misconfigured threats. The lack of centralization and universal access to critical assets from any time and anywhere further complicates the situation. A CSPM handles the entire problems over all kinds of networks such as IaaS and SaaS. It provides detailed actional insights and maps out suspicious user activity with automated trigger alerts. 

Lack of technical expertise

CSPM handles cloud misconfigurations. However the actual usage is restricted as a highly specialized staff is required for proper installation, processing, analyzing, and securing the cloud applications. Organizations hire third-party security professionals who lack the requisite knowledge which will hamper the growth prospects of the cloud security posture management market. The entry barrier threatens companies' ability to adopt cloud network infrastructure and the apparent skill gap leaves it open to hacks and other cyberattacks. 

Cloud Security Posture Management Market Share

Based on application, the medical care segment will grow the highest in the cloud security posture management market share as healthcare organizations are betting high on cloud platform services for solving data security and storage issues.  The need for complying with stringent health regulatory standards and gradual migration to the cloud will fuel the growth of the segment. 

Based on type, The IaaS segment will witness significant growth due to the growing popularity of infrastructure as a service model which provides flexible payment options and on-demand computing, networking, and storage facilities. 

By Type

• Iaas
• Saas

By Application

• BFSI
• Medical Care
• Retail and Trade
• IT
• Telecom
• Public

Key Companies

• IBM
• Vmware
• Microsoft
• Check Point
• Mcafee
• Fortinet
• Forcepoint
• Fireeye
• Zscaler
• Cisco
• Optiv Security
• Sophos
• Atos
• Palo Alto Networks
• Ciphercloud
• Aqua Security

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Scope of Cloud Security Posture Management Market Report