GMI Research anticipates that the Cloud Security Posture Management (CSPM) Market will expand at a higher rate over the forecast period. This is primarily because of the augmenting incidences of safety violations due to cloud glitch, insufficient safety equipment and procedures to decrease the chances of breaches in cloud infrastructure safety and the potential to supervise cloud environment in actual time for threat identification.
Introduction of the Cloud Security Posture Management (CSPM) Market
Cloud security posture management refers to a solution that mechanizes the establishment and redressal of issues concerned with the cloud infrastructures, such as Infrastructure, Software, and Platform as a Service. It is primarily implemented for visualizing and assessing risk, compliance administration, and Develops incorporation to help in constantly using the most suitable practices for cloud safety to hybrid, and container habitats.
Key Players of the Market:
- VMware Inc.
- CISCO Systems
- IBM Corporation
- Microsoft Corporation
- Forcepoint
- Checkpoint Software Technologies Pvt. Ltd.
- FireEye
- Atos
- Zscaler
- McAfee Corporation
Cloud Security Posture Management (CSPM) Market Dynamics
The increasing incidences of safety violations, insufficient security instruments to reduce the risk associated with the cloud infrastructure and the growing application of cloud based services and solutions are some prime forces supplementing the growth of the global Cloud Security Posture Management (CSPM) Market. Further, the augmenting cases of cloud violations because of its misconception will further fuel the market size. The complicated and segregated hybrid cloud networks have raised the difficulty for the network safety teams to handle the changes. This has raised the acquisition of the DeVos methods, which has raised the loopholes because they establish and use applications that increasingly dodge the safety.
In accordance with the report published by Check Point, the major risk resulted by respondents was a cloud platform composition error and unsanctioned cloud access. Moreover, the sudden shift of businesses to the cloud will proffer huge opportunities for the vendors. However, as per the CSPM market report, the insufficient resources concerned with the cloud resources, cloud safety architecture, and approaches are some crucial forces projected to restrain the growth of the market.
Vertical Segment Analysis
Based on the vertical, the healthcare segment is expected to significantly impel during the forecast period. The evolving need to obey with the reclusion and data safety needs, which include the Health Information Technology for Economic and Clinical Health (HITECH) and Health Insurance Portability and Accountability Act (HIPAA) requirements for healthcare enterprises to safeguard information that is emigrated to the cloud. Further, the CRPM Market analysis asserts that the healthcare enterprises have executed mobile devices and digital modifications primarily because of the surging espousal of cloud security which will stimulate the market growth. Moreover, the accelerating number of cyberattacks, which include misinformation campaigns and ransomware on healthcare companies due to the widespread outburst of the COVID-19 pandemic, is further fuelling the market share.
Regional Drivers:
Based on the regional analysis, the North American region is forecasted to lead the cloud security posture management market with the highest CAGR during the forecast period. The US offers enormous opportunities for the CSPM vendors to cater for the differentiated customer in several industries. The North American companies have taken several measures towards cloud adoption and have largely chosen for cloud data prevention methods, which include DLP, threat prevention of data, and administration of data stability, and CSPM Market, to sustain the operational serviceability and business perceptuality.
Cloud Security Posture Management (CSPM) Market Segmentation:
Segmentation by Component
- Solutions
- Services
Segmentation by Cloud Model
- Infrastructure as a Service (IaaS)
- Software as a Service (SaaS)
Segmentation by Vertical
- Banking, Financial, and Insurance Services
- Healthcare
- Retail and Trade
- Education
- IT and Telecommunications
- Public Sector
- Others
Segmentation by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.