According to the report published by Allied Market Research, the global cloud security posture management market generated $4 billion in 2021, and is projected to reach $15.2 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031.
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The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive and regional landscapes. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to strengthen and heighten their position in the market significantly.
COVID-19 Scenario:
• The outbreak of COVID-19 has had a positive impact on the growth of the global cloud security posture management market, owing to the occurrence of lockdowns in various countries across the globe.
• Stringent social distancing restrictions were imposed by the government so as to curb the spread of the virus during the pandemic.
• Lockdowns resulted in increased internet penetration among people as more and more jobs were switched to work-from-home procedures. Thus, there was an increased need for cloud security, which positively impacted the growth of the market.
• In addition, advancements in cloud security capabilities are expected to create ample opportunities for the industry.
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Cloud security posture refers to an organization’s overall cybersecurity strengths and ability to identify, avoid, and respond to the changing threat landscape. Security teams can efficiently view security vulnerabilities and vulnerabilities in real-time, track the current status and effectiveness of existing security controls, and prevent, detect, and remediate threats to understand the required attack surface to create a strong security position.
The increased use of cloud-based solutions and services by remote workers during the COVID-19 pandemic has increased the demand for cloud infrastructure security solutions. This is the main factor expected to drive the market. In addition, the increasing migration of businesses to the cloud and the emergence of SMEs in emerging countries are expected to create opportunities in the cloud security posture management market. However, lack of awareness about the benefits of cloud resources, cloud security architecture, and cloud security state management is expected to hamper the cloud security state management market during the forecast period.
The key players that operate in the cloud security posture management market analysis are Atos Group, Check Point Software Technologies Ltd., Cisco Systems, Inc., Crowdstrike, Inc., Fortinet, Inc., Fujitsu Limited, IBM Corporation, Lookout Inc., McAfee, LLC, Microsoft Corporation, Optiv Security, Inc., Palo Alto Networks, Inc., Oracle corporation, Sophos Group PLC., Trend Micro Inc., VMware, Inc., and ZScaler. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud security posture management industry.
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The report offers detailed segmentation of the global cloud security posture management market based on offering, cloud service model, enterprise size, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
Based on enterprise size, the large enterprises segment held the dominating market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The SMEs segment, on the other hand, is expected to cite the fastest CAGR of 16.2% during the forecast period.
Based on cloud service model, the Infrastructure-as-a-Service (IaaS) segment held the largest market share in 2021, holding nearly three-fourths of the global market share, and is expected to maintain its leadership status during the forecast period. The Platform-as-a-Service (PaaS) segment, on the other hand, is expected to cite the fastest CAGR of 17.2% during the forecast period.
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Based on offering, the solution segment held the largest market share in 2021, holding nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The service segment, on the other hand, is expected to cite the fastest CAGR of 15.5% during the forecast period.
Based on region, the market across North America held the dominating market share in 2021, holding more than one-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 16.7% during the forecast period.
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