The Cloud Security Posture Management (CPSM) Market is predicted to grow at a CAGR of 16.1% over the forecast period (2022-2029).
The factors driving growth of the Cloud Security Posture Management (CPSM) Market includes rising incidences of data breaches around the world, growing focus by companies on reducing risks related to cloud infrastructure, integration of DevSecOps and threat intelligence features in cloud security posture management solutions and improvements in the living standards. Moreover, migration of legacy data center processes to cloud environment, growing adoption of advanced technologies, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Cloud Security Posture Management Market size. In addition, the increasing investments by major companies on research and development, rising population growth rates and growing population growth rates, are further contributing towards the market growth.
However, growth of the Cloud Security Posture Management (CPSM) Market is hindered due to inadequate availability of skilled workforce.
The leading players operating in the market are McAfee Corporation, Forcepoint, FireEye, IBM Corporation, VMware Inc., Microsoft Corporation, Zscaler, CISCO Systems, CheckPoint Software Technologies Pvt. Ltd., and Atos, among others.
Based on Cloud Model, the Software as a Service (SaaS) segment is predicted to grow at a significant CAGR during the forecast period
The Software as a Service (SaaS) solutions are easy to deploy, aids in meeting compliances and industry regulations and prevents from malwares, are some of the features pushing growth of the segment.
Based on Vertical, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period
Cloud security posture management solutions helps in meeting security compliance and growing number of cyber-attacks in healthcare institutions, are propelling segment’s growth.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Presence of the leading players such as, IBM Corporation., Microsoft Corporation, and CISCO Systems, increasing number of cyberattacks across United States and Canada, rapid industrialization, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Development
- In 2020, Zscaler completed the acquisition of Cloudneeti, a CSPM company to reduce risk by identifying mitigating compliance and data exposure policy violations. This will improve cloud security by discovering and reducing the data breaches and compliance violations.
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
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