Cloud security posture management market is growing at a CAGR

Cloud security posture management market

Cloud security posture management market

According to the report published by Allied Market Research, the global cloud security posture management market generated $4 billion in 2021 and is expected to reach $15.2 billion by 2031, with a CAGR of 14.5% between 2022 and 2031.

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The report provides a detailed analysis of key winning strategies, evolving market trends, market size and estimates, value chain, key investment areas, drivers and opportunities, competitive and regional landscapes. The report is a useful source of information for new entrants, shareholders, leaders and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and increase their position in the market.

COVID-19 scenario:

• The outbreak of COVID-19 has positively impacted the growth of the global cloud security posture management market, due to the occurrence of lockdowns in various countries across the world.

• The government has imposed strict social distancing restrictions 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.

• Moreover, advancements in cloud security are expected to create ample opportunities for the industry.

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The cloud security posture refers to an organization’s overall cybersecurity strengths and ability to identify, avoid, and respond to the evolving 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 posture.

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 key factor expected to drive the market. Furthermore, the increasing migration of enterprises to the cloud and the rise 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 health management is expected to hinder the cloud security health management market during the forecast period.

Key players operating 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 provides a detailed segmentation of the global cloud security posture management market by offering, cloud service model, company size, industry vertical and region. The report provides a comprehensive analysis of each segment and their respective sub-segments using graphics and tables. This analysis can essentially help market players, investors, and new entrants to determine and devise strategies based on the fastest growing segments and highest revenue generation mentioned in the report.

Based on enterprise size, the large enterprise segment held the dominant market share in 2021, accounting for nearly three-quarters of the global market, and is expected to maintain its leadership status during the forecast period. The SMB segment, on the other hand, is expected to record the fastest CAGR of 16.2% during the forecast period.

Based on the cloud service model, the Infrastructure-as-a-Service (IaaS) segment held the largest market share in 2021, accounting for nearly three-quarters 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 record the fastest CAGR of 17.2% during the forecast period.

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Based on supply, the solutions segment held the largest market share in 2021, with nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The services segment, on the other hand, is expected to record the fastest CAGR of 15.5% during the forecast period.

Based on region, the North America market held the dominant market share in 2021, accounting for more than one-fifth 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 record the fastest CAGR of 16.7% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global corporations as well as medium and small businesses with unparalleled quality of ‘Market Research Reports’ and ‘Business Intelligence Solutions’. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization towards delivering high-quality data and insights. We maintain professional business relationships with various companies. This helps us track market data that helps us generate accurate research data tables and confirm the utmost accuracy in our market forecasts. Every data company in the domain is concerned. Our secondary data acquisition methodology includes in-depth presentations in our published reports and is obtained through primary interviews with top executives from leading online and offline research and discussions with expert industry professionals and analysts.

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