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Cloud Security Posture Management: Introduction

  • Cloud security posture management is a type of IT security tool which is used to identify compliance risks and misconfiguration issues in the cloud through security assessment and automated compliance monitoring. Cloud security posture management is designed to continuously monitor cloud infrastructure for gaps in security policy enforcement.
  • Cloud security posture management is mainly used by those organizations that have adopted a cloud-first strategy and want to extend their security to multi-cloud and hybrid cloud environments. Additionally, cloud security posture management automates cloud security across the following infrastructure: Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Platform as a Service (PaaS).
  • The global cloud security posture management market is anticipated to expand at a rapid pace during the forecast period, due to increasing adoption of cloud-based solutions among organizations across the globe.
cloud security posture management market size and forecast

Global Cloud Security Posture Management Market: Dynamics

Global Cloud Security Posture Management Market: Key Drivers

  • Rise in cases of security breach due to cloud misconfigurations is estimated to boost the cloud security posture management market during the forecast period.
  • Growing need to reduce the risk of cloud infrastructure security breaches is estimated to boost the market during the forecast period.
  • A rise in rate of adoption of cloud computing technologies across various sectors is projected to boost the demand for cloud security posture management solutions
  • Increasing transition of on-premise solutions to cloud is projected to boost the growth of the cloud security posture management market
  • However, lack of awareness about cloud security architecture, cloud resources, and strategy, leading to low rate of adoption by small & medium size enterprises is anticipated to hamper the cloud security posture management market during the forecast period.
cloud security posture management market dynamics

Impact of COVID-19 on the Global Cloud Security Posture Management Market

  • Increasing cases of COVID-19 across the globe is resulting in economic slowdown and millions of employees are working from home for the first time, during this pandemic. This is expected to change the conservative corporate culture. Hence, demand for cloud-based solutions is increasing across each sector and this is projected to continue during the forecast period. As per PWC, cloud spending rose by 37% to US$ 29.0 Bn during the first half of 2020. Hence, COVID-19 has a positive impact on the cloud security posture management market. Remote working (work from home) due to social distancing, has forced organizations to move business-critical applications to hybrid cloud environments, which creates an opportunity for the adoption of cloud security posture management. This in turn is projected to propel the global cloud security posture management market during the COVID-19 pandemic.

North America to Hold Major Share of the Global Cloud Security Posture Management Market

  • In terms of region, the global cloud security posture management market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America dominated the global cloud security posture management market with the largest share mainly because of developed economies, such as the United States and Canada. The U.S. is a key market in the region due to the early adoption of cloud-based solutions. Organizations across North America have taken numerous steps toward adoption of cloud-based solutions, and hence demand for cloud security solutions and cloud data protection methods such as cloud security posture management, data threat protection, data encryption, and data integrity monitoring is expected to increase during the forecast period.
  • The cloud security posture management market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to growing adoption of cloud based and digital solutions, and rapid infrastructure development among end-users in the region.
cloud security posture management market outlook by region

Global Cloud Security Posture Management Market: Competition Landscape

Several local, regional, and global players are active in the cloud security posture management market with a strong presence. Rapid technological advancements have created significant opportunities in the market. Vendors of cloud security posture management are focusing on inorganic growth strategies such as strategic collaborations and merger and acquisition with technology partners to develop innovative and advanced solutions to improve their offerings and market reach. For instance, in April 2021, Zscaler Inc., acquired Trustdome, a developer of a cloud infrastructure entitlement management (CIEM) platform. The main aim behind this acquisition is to boost cloud security posture management across Google Cloud Platform (GCP), Microsoft Azure, Amazon Web Services (AWS), and more.

Key Players Operating in the Global Cloud Security Posture Management Market Include:

  • Aqua Security
  • Armor Defense Inc.
  • Atos SE
  • Aujas Cybersecurity
  • Blazeclan Technologies
  • CheckPoint Software Technologies Pvt Ltd.
  • CipherCloud
  • Cisco Systems, Inc.
  • CrowdStrike Holdings Inc.
  • DivvyCloud Corporation
  • Fugue, Inc.
  • Hillstone Networks
  • IBM Corporation
  • McAfee Corporation
  • Microsoft Corporation
  • OpsCompass, LLC
  • Optiv Security
  • Palo Alto Networks, Inc.
  • Sophos Group Plc.
  • VMware, Inc.
  • Zscaler, Inc.

Global Cloud Security Posture Management Market: Research Scope

Global Cloud Security Posture Management Market, by Component

  • Solution
  • Services

Global Cloud Security Posture Management Market, by Model

  • Infrastructure as a Service (IaaS)
  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)

Global Cloud Security Posture Management Market, by End-user

  • BFSI
  • Healthcare
  • Retail & E-commerce
  • Education
  • IT & Telecommunication
  • Government
  • Others

Global Cloud Security Posture Management Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cloud Security Posture Management Market

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