The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

The cloud security posture management (CSPM) market has experienced rapid growth driven by factors such as increased internet usage, rising cybersecurity concerns, and innovative advancements in cloud security technologies. Understanding these trends is essential for businesses navigating the evolving landscape of cybersecurity.

 

 

Market Growth Overview

• The CSPM market size is poised to increase from $4.42 billion in 2023 to $5.03 billion in 2024, with a compound annual growth rate (CAGR) of 14.0%.
• Factors contributing to historic growth include the adoption of cloud computing, compliance requirements, and rapid migration to cloud-based infrastructure.

 

 

Future Projections

• By 2028, the CSPM market is expected to reach $8.75 billion, with a CAGR of 14.8%.
• Continued cloud adoption, increased cyber threats, and the emphasis on automation and real-time monitoring are driving this growth.

 

 

Drivers of Market Expansion

Rising Internet Usage and Cybersecurity Concerns

• The exponential increase in internet users worldwide has led to a surge in demand for CSPM solutions.
• Cybersecurity threats such as ransomware and DDoS attacks have become more frequent and sophisticated.
• The need to secure data amidst escalating cyber threats and expanding internet usage fuels the demand for CSPM solutions.

 

 

Key Players in the Market

• Major companies in the CSPM market include IBM, Cisco, Microsoft, VMware, Check Point, and CrowdStrike, among others.
• These companies play a vital role in driving innovation and shaping the future of cloud security.

 

 

Read The Full Cloud Security Posture Management Market Report Here:

https://www.thebusinessresearchcompany.com/report/cloud-security-posture-management-global-market-report

 

 

Innovative Technological Advancements

Cutting-Edge Module Enhancing Cloud Safety

• New product innovation is a prominent trend in CSPM, aimed at enhancing cloud safety.
• WithSecure’s launch of a novel module for its Elements security platform exemplifies this trend.
• The module focuses on detecting unsafe cloud settings used by attackers, addressing risks associated with cloud-based infrastructure.

 

 

Strategic Acquisitions for Market Expansion

Forcepoint’s Acquisition of Bitglass

• Forcepoint’s acquisition of Bitglass underscores the strategic consolidation within the CSPM market.
• This acquisition strengthens Forcepoint’s SSE platform by integrating Bitglass’s capabilities in CASB, SWG, and ZTNA.
• The move aims to offer customers comprehensive data security solutions for distributed enterprises.

 

 

Market Segmentation and Regional Dynamics

• The CSPM market is segmented by component (solution, services), organization size (large enterprises, SMEs), cloud model (IaaS, PaaS, SaaS), and vertical (BFSI, healthcare, retail, etc.).
• North America dominated the market in 2023 and is projected to maintain its position as the fastest-growing region.
• These regional dynamics reflect the evolving cybersecurity landscape and emerging trends in different geographic regions.

 

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The Cloud Security Posture Management Global Market Report 2024 provides an overviewof the cloud security posture management market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The cloud security posture management market forecast analyzescloud security posture managementmarket size, cloud security posture management market share,leading competitor and their market positions.

 

 

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