The Worldwide Cloud Security Posture Management Industry is Expected to Reach $9 Billion by 2026 at a CAGR of 14.4% from 2020 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Cloud Security Posture Management Market by Component (Solution and Services), Cloud Model (IaaS and SaaS), Vertical (BFSI, Healthcare, Retail and Trade, IT and Telecommunication, Public Sector, and Education), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global Cloud Security Posture Management (CSPM) market size in the post-COVID-19 scenario is projected to grow from USD 4.0 Billion in 2020 to USD 9.0 Billion by 2026, at a CAGR of 14.4% during the forecast period.

An increase in misconfiguration and lack of security tools and processes have contributed to the growth of the CSPM market.

By component, the services segment expected to grow with the fastest growing CAGR during the forecast period

Consulting, deployment, maintenance, and managed services (as-a-service) are considered in the CSPM services segment. Services aim at training and developing expertise, providing timely upgradations to the solution, and helping customers integrate these with other Information Technology (IT) solutions. With the increasing adoption of CSPM solutions across organizations, the demand for supporting services is also expected to increase among organizations.

APAC to register the highest growth rate during the forecast period

Asia Pacific (APAC) comprises of emerging economies, such as China, Japan, India, Australia and New Zealand with developed security infrastructure. Machine Learning (ML), Internet of Things (IoT), big data analytics, and Artificial Intelligence (AI) are emerging methodologies that are being deployed in this region. APAC is home to a large number of established Small and Medium-sized Enterprises (SMEs), which are growing at a laudable pace to cater to their large customer base. SMEs are rapidly adopting cloud-based solutions to manage their enterprise data. Despite the growing importance of SMEs in this region, they are most affected mostly by cyber and malware attacks owing to budgetary constraints and resource shortages.

Market Dynamics

Drivers

• Increase in the Misconfiguration to Boost the Growth of Cloud Security Posture Management
• Lack of Security Tools and Processes

Restraint

• Lack of Awareness Toward Cloud Resources, Cloud Security Architecture, and Strategy

Opportunities

• Migration to Cloud to Give an Opportunity for Cloud Security Posture Management

Challenges

• Lack of Awareness Among Enterprises About the Benefits of Cspm Solutions
• Challenges to Prove Compliance

Companies Mentioned

• Accurics, Inc
• Adaptive Shield
• Appomni Inc
• Aqua Security
• Armor
• Atos
• Aujas
• Bitglass
• Blazeclan Technologies
• Check Point
• Ciphercloud
• Cisco
• Cloudpassage
• Crowdstrike
• Divvycloud
• Fireeye
• Forcepoint
• Fortinet
• Fugue, Inc
• Hillstone
• IBM
• Mcafee
• Microsoft
• Netskope
• Opscompass
• Optiv Security
• Orca Security
• Palo Alto Networks
• Sophos
• Vmware
• Zscaler

For more information about this report visit https://www.researchandmarkets.com/r/3zsfoe