Cloud Security Posture Management Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Cloud Security Posture Management Market By Component(Solutions, Services), By Cloud Model(Infrastructure-As-A- Service (IAAS), Platform-As-A-Service (PAAS), Software-As-A-Service (SAAS)), By End-User(BFSI, Healthcare, Retail & E-Commerce, Education, IT & IT Services, Government, Others), By Organization Size(Small & Medium Enterprises, Large Enterprises), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Cloud Security Posture Management Market Overview

The Global Cloud Security Posture Management Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Cloud security posture management involves the continuous monitoring and assessment of security controls and configurations in cloud environments to ensure compliance and mitigate risks. The market is driven by the increasing adoption of cloud services, the growing concerns over data breaches and compliance violations, and the need for centralized security management. In America, the Global Cloud Security Posture Management Market is experiencing substantial growth. Key players in the market include Palo Alto Networks, Inc., Microsoft Corporation, IBM Corporation, and other prominent players.

Cloud Security Posture Management Market Scope 

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Cloud security posture management (CSPM) automates the detection and remediation of threats in cloud infrastructures like Infrastructure as a Service (IaaS), Software as a Service (Saas), and Platform as a Service (PaaS). CSPM can universally apply best practices for cloud security across hybrid, multi-cloud & container systems and can be used for risk visualization & assessment, incident response, compliance monitoring, and integration.

Instead of needing to monitor different consoles and normalize data from multiple suppliers, Cloud Security Posture Management strives to prevent those unintentional vulnerabilities by offering consistent visibility across multi-cloud systems. Misconfigurations are automatically avoided and time-to-value is shortened. Because the alerts are sent from a single system rather than six or more, CSPMs reduce alert fatigue and artificial intelligence reduces false positives. As a result, the security operations center's (SOC) productivity improves.

Cloud Security Posture Management Market Trends

Low visibility across IT infrastructure and an increase in cloud infrastructure configuration errors, the lack of effective security tools and processes to handle cloud-based environments, and the development of cloud security capabilities such as easy DevSecOps integration and threat intelligence drive the market growth. However, a scarcity of competent individuals and a lack of awareness of cloud resources, cloud security architecture, and strategy are expected to impede the market.

A rise in configuration problems and a lack of visibility throughout the IT infrastructure

As cloud use has surged, the probability of misconfigurations has increased considerably. Cloud security and posture management aid monitoring through automation, allowing security workers to resolve issues as soon as they are notified. According to a CheckPoint analysis, the most significant danger in 2020 will be a cloud platform setup problem (68 percent), followed by unauthorized cloud access (58 percent), insecure interfaces (52 percent), and account theft (52 percent).

Capital One, an American financial organization, recently had a misconfigured threat detection on SQL databases, leaving the cloud vulnerable to vulnerabilities and data breaches. SSNs, credit scores, and addresses were among the information stolen from almost 100 million clients. This type of misconfiguration can be avoided using cloud security posture management.

Migration to the cloud to drive the market for the management of cloud security posture

The cloud sector has gotten a huge boost because of increased agility and faster delivery of new apps and services. Traditional businesses are under enormous competitive pressure as a result of technological improvements. Most firms migrate their old IT infrastructure from on-premises to the cloud to become faster, more agile, and more competitive. Migration of traditional data center activities to the cloud can result in higher expenditures, limited capacity of IT team equipment, and a loss of vision, all of which raise the need for cloud security posture management.

During the pandemic, as per a report from DNS security firm EfficientIP, there was a dramatic spike in the adoption of cloud services. Millions of workers worldwide can work from home due to social distance, forcing corporations and small businesses to migrate business-critical apps to hybrid cloud environments, presenting an opportunity for cloud security posture monitoring.

Scarcity of qualified personnel to manage and secure the CSPM solutions

When it comes to using CSPM solutions, specialists or personnel must have the necessary technical skills and knowledge to implement, process, analyze and secure the cloud solutions. While implementing and managing operations, organizations hiring security specialists lack the necessary expertise to analyze and discover advanced security holes.

According to the Fortinet and Cybersecurity Insiders 2021 Application Security Report, a shortage of experienced employees is the main barrier to securing cloud-based infrastructure for 46 percent of the questioned firms. It is a significant issue in the security business. According to (ISC)2's 2020 Cybersecurity Workforce Study, there is a 3.12 million professional deficit. Due to the expertise necessary to administer and secure the cloud, the skills gap threatens enterprises' capacity to sustain cloud adoption. Organizations have to rely on software and automation to fill the void.

COVID-19 Impact on Cloud Security Posture Management Market Growth

The COVID-19 epidemic in 2020 resulted in a large increase in the number of people using the Internet for employment, education, and leisure. Other crucial areas, such as banking, finance, insurance, retail, and government, have seen large increases in user traffic on their online portals and websites. The expansion has led to a significant increase in bandwidth demand and an unexpected increase in cyberattacks.

As a result of the distant workforce's increased risk of data breaches, cloud use has surged during the epidemic. Certain firms, such as Zscaler, have developed cloud posture management systems during this period. Zscaler offers superior cloud security posture management solutions and increased data center capacity to help clients cope with the rapid increase in online cloud demand. COVID-19 has had a good impact on the cloud security posture management market and it is expected to drive the global cloud security posture management market indirectly in the coming years.

Cloud Security Posture Management Market Segment and Shares

By end-user, the cloud security posture management market is segmented into BFSI, healthcare, retail & e-commerce, education, IT & IT services, government, and others.

The increasing reliance on the healthcare sector on cloud data services to combat storage and security challenges.

Healthcare providers increasingly depend on cloud data services to fight storage and security concerns as patient data volume grows exponentially. Healthcare firms must safeguard information migrated to the cloud to comply with privacy and data security regulations such as the HIPAA- Health Insurance Portability and Accountability Act and the HITECH- Health Information Technology for Economic and Clinical Health.

With the adoption of cloud security, healthcare businesses are rapidly embracing mobile devices and digital innovations. Due to the COVID-19 outbreak, increased storage issues, and the continued work-from-home situation. The need to install CSPM solutions in healthcare centers has grown in response to increased demand for cloud storage and strict requirements such as HIPAA.

Cloud Security Posture Management Market Geographical Analysis

The growing development of security infrastructure in Asia-Pacific

Asia-Pacific is expected to have the fastest CAGR in cloud security management during the projected period. Emerging economies with developed security infrastructure, such as China, Japan, India, Australia, and New Zealand, make up Asia-Pacific. In this region, innovative approaches such as machine learning (ML), the Internet of Things (IoT), big data analytics, and artificial intelligence (AI) are being used.

Asia-Pacific is home to many well-established Small and Medium-sized Enterprises (SMEs) that are expanding at a commendable rate to meet the demands of their large client base. To manage their company data, SMEs are quickly adopting cloud-based solutions. Although SMEs are becoming increasingly important in the region, they are disproportionately affected by cyber and malware assaults due to budgetary constraints and resource deficiencies.

Cloud Security Posture Management Companies and Competitive Landscape

Several local, regional, and worldwide competitors have a strong presence in the cloud security posture management industry. Rapid technical breakthroughs have opened up enormous industry potential. Market players are constantly concentrating on developing technologically enhanced solutions for their clients.

In May 2020, LoginRadius stated that it would begin providing service to BroadcastMed, a video broadcasting firm in the U.S. The organization has improved streaming efficiency and has a customer-friendly onboarding process. The organization intends to use Loginradius to accelerate the adoption of data protection protocols and streamline its login procedure.

CyberArk bought Adaptive in May 2020 to deliver the industry's only modern identity platform with a security-first strategy and an AI-based method for managing IDs. The organization intends to strengthen its overall security posture with an efficient and seamless user experience and rigorous regulatory obligations.

Major global cloud security posture management market companies include IBM Corporation, Vmware Inc., Microsoft Corporation, Check Point Software Technologies Pvt., Ltd., Aqua Security, Fortinet, Fujitsu, Oracle, Radware, and Arctic Wolf.

IBM Corporation:

Overview: IBM, or International Business Machines Corporation, is a leading American computer manufacturer with a significant market share domestically and internationally. The company is headquartered in Armonk, New York. In 1911, the Computing-Tabulating-Recording Company merged three smaller businesses that made punch-card tabulators and other office equipment. The corporation now has over 40,000 active patents, which bring in a lot of royalties.

Product Portfolio: Cloud & Cognitive Software, Global Business Services (GBS), Systems, and Global Financing are the company's segments. Clients can get integrated and secure cloud, data, and artificial intelligence (AI) solutions from the Cloud & Cognitive Software Solutions category. Cognitive apps, cloud & data platforms, and transaction processing platforms are the three business areas it covers.

While the cloud provides great potential for businesses, it also introduces new issues in monitoring, managing, and securing cloud assets. Cloud security posture management (CSPM) from the company allows for more visibility into cloud infrastructure and assets, consistent configuration management, and a baseline of best practices for compliance mandates.

Critical Development: In April 2022, IBM Corporation and Red Hat, Inc. announced a five-year partnership to update the U.S. Department of Education's G5 grants management system utilizing open hybrid cloud technology. The joint effort, led by Innosoft Corporation and incorporating technology from Red Hat and Amazon Web Services (AWS), as well as industry experts from IBM, will replace the current G5 system with an open and flexible cloud-based system, in keeping with the department's mission to foster educational excellence and ensure equal access while promoting student achievement and preparation for global competitiveness.