Cloud Security Posture Management Market

Market Definition

The Cloud Security Posture Management (CSPM) Market size was valued at USD 5.02 billion in 2023 and is predicted to reach USD 11.75 billion by 2030 with a CAGR of 13.0% from 2024-2030. Cloud Security Posture Management (CSPM) (CSPM) refers to the process of monitoring and maintaining the security posture of cloud computing environments. It involves continuously assessing and identifying security risks and vulnerabilities within a cloud infrastructure, applications, and services, and ensuring that appropriate security controls and policies are in place to address these risks. CSPM solutions use automation and machine learning to help organizations detect misconfigurations, access control issues, and other security gaps that may exist within their cloud environments. This enables organizations to take proactive steps to prevent security incidents and ensure compliance with industry regulations and standards.

Market Dynamics and Trends

The demand for Cloud Security Posture Management (CSPM) is increasing due to the increasing adoption of cloud computing. As more businesses migrate their operations to the cloud, there is a growing need for CSPM solutions to manage the security of their cloud environments.

Moreover, the growing demand for automation in various industries such as finance, healthcare, and retail are further boosting the growth of the Cloud Security Posture Management (CSPM) market. CSPM solutions can automate security checks and remediation, which help organizations improve their security posture and reduce the burden on their IT teams.

Furthermore, with the rising cyber threats, the need for network security to provide enhanced security features such as encryption, intrusion detection, prevention, and access controls is growing, which in turn fuels the growth of the market. However, the high initial cost of cloud infrastructure and the risk of data breaches are the major factors restraining the growth of the Cloud Security Posture Management (CSPM) market.

On the contrary, the integration of blockchain technology in CSPM creates an immutable record of all security events, making it harder for cybercriminals to manipulate or tamper with data, thus it is expected to create ample growth opportunities for the market in the future.  

Market Segmentations and Scope of the Study

The Cloud Security Posture Management (CSPM) market share is segmented on the basis of component, organization size, cloud model, industry vertical, and geography. On the basis of component, the market is divided into solutions and services. Services are further subdivided into professional and managed. On the basis of organization size, the market is segmented into SMEs and large enterprises. On the basis of cloud model, the market is classified into infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). On the basis of industry vertical, the market is segmented into BFSI, government, healthcare, IT & ITeS, retails & eCommerce, education, and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the global Cloud Security Posture Management (CSPM) market and is potently expected to remain dominant in the market throughout the forecast period. This is attributed to the factors such as the developed healthcare industry in countries including the United States and Canada is driving the growth of the market. The healthcare industry in these countries is increasingly adopting electronic health records (EHRs), telemedicine, and other digital health solutions that rely on a dependable and secure network infrastructure to facilitate the transfer and storage of large volumes of sensitive patient data. According to the Centre for Medicare and Medicaid Services, the healthcare industry in the US reached 4.3 trillion in 2021.

Moreover, the key market players such as Microsoft Corporation and Palo alto Network plays a major role in the development of the Cloud Security Posture Management (CSPM) market in this region. For instance, in September 2021, Microsoft Corporation partnered with Synack, to deliver a one-stop shop for Microsoft Azure-based cloud security.

By combining the expertise of Microsoft’s Azure Security Modernization (ASM) solution and Synack's premier crowdsourced platform for on-demand security expertise, government organizations and enterprises are expected to have a scalable solution for cloud security planning, management, and improvement.

Also, in June 2021, Palo Alto Networks expanded its product line of Prisme Cloud, with ML-Powered Next-Generation Cloud Security Posture Management (CSPM) Capabilities. This expansion aimed to help organizations fasten cloud adoption and remove dangerous cloud blind spots and free security teams from a load of alert fatigue.

On the other hand, Asia Pacific is expected to show a steady rise in the growth of the Cloud Security Posture Management (CSPM) market. This is due to the growth of e-commerce platforms leading to the adoption of cloud-based solutions by businesses to handle the surge in online transactions, improve customer experience, and gain competitive advantages in this region. According to the International Trade Administration, China is the largest e-commerce market globally as it reached USD 2.29 trillion in 2020 and is expected to reach USD 3.56 trillion by 2024.

Moreover, the increasing adoption of cloud networking by the BFSI (banking, financial services, and insurance) sector to manage the vast amount of sensitive data that requires secure and reliable storage and transmission is driving the growth of the Cloud Security Posture Management (CSPM) market. According to the China Banking and Insurance Regulatory Commission, China's BFSI is one of the largest industries in the world with total assets of these sector valued at USD 51.19 trillion in 2022.

Competitive Landscape

Various market players operating in the Cloud Security Posture Management (CSPM) market include Cisco Systems, Inc., Lacework, Forcepoint, Fortinet, Inc., IBM Corporation, McAfee, LLC, Microsoft Corporation, VMware, Inc., Zscaler, Inc., Check Point and others. These market players are adopting various strategies such as product launch, partnerships, and acquisition to remain dominant in the Cloud Security Posture Management (CSPM) market.

For instance, in April 2022, Crowdstrike launched a cloud-native application protection platform (CNAPP) powered by Falcon Cloud Workload Protection (CWP) offering. The product launch aims to detect threats targeted at containers, prevent rogue containers from running and discover binaries that have been developed or modified at runtime.

Also, in March 2022, VMware partnered with Google Cloud to help customers accelerate app modernization and cloud transformation. Through this extended partnership, enterprise customers will gain greater financial flexibility, choice, and the ability to accelerate their cloud migrations and modernize their enterprise applications in Google Cloud.

Moreover, in February 2022, Check Point acquired Spectral to advance CloudGuard, a developer-first security platform that provides the widest range of cloud application security. Through this acquisition, Check Point will extend its cloud solution, Check Point CloudGuard, with a developer-first security platform, and provide the widest range of cloud application security use cases including Infrastructure as Code (IaC) scanning and hardcoded secrets detection.

Furthermore, in September 2021, IBM Corporation formed a partnership with Aqua Security, the pure-play cloud-native security provider. This partnership aimed to aid customers in better securing the full lifecycle of Red Hat OpenShift containerized workloads on IBM Power servers, as a significant component of end-to-end application modernization and hybrid cloud adoption.

Key Benefits

• The report provides quantitative analysis and estimations of the Cloud Security Posture Management (CSPM) market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of Cloud Security Posture Management (CSPM) market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on Cloud Security Posture Management (CSPM) market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Component 

• Solutions 

• Services

  • Professional 

  • Managed 

By Organization Size 

• SMEs 

• Large Enterprises

By Cloud Model 

• Infrastructure-as-a-Service (IaaS)

• Platform-as-a-Service (PaaS)

• Software-as-a-Service (SaaS)

By Industry Vertical  

• BFSI

• Government

• Healthcare

• IT & ITeS

• Retail & eCommerce

• Education

• Others

By Geography

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

​​​​​​​KEY PLAYERS

• Cisco Systems, Inc.

• Lacework

• Forcepoint

• Fortinet, Inc.

• IBM Corporation 

• McAfee, LLC

• Microsoft Corporation 

• VMware, Inc.

• Zscaler, Inc.

• Check Point

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 5.02 Billion
Revenue Forecast in 2030	USD 11.75 Billion
Growth Rate	CAGR of 13.0% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increasing adoption of cloud computing fuels the market. The growing demand for automation in various industries boosts market growth. Rising cyber threats along with the need for network security to provide enhanced security features drives the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.