LONDON, Nov. 30, 2022 (GLOBE NEWSWIRE) — A huge increase in the number of people using the Internet for work, education and recreation is driving significant growth, according to The Business Research Company’s cloud security posture management market study. for cloud security posture management. There has been a huge increase in the number of internet users due to various reasons such as employment, education and leisure. One of the most influential and fast-growing technologies is the Internet, which has further fueled the demand for cloud security management (CSPM). The consumption of CSPM technologies is driven by a sharp increase in the demand for bandwidth, as well as an unexpected increase in the frequency of cyber-attacks such as Ransomware, Distributed Denial of Service (DDoS) and other threats. For example, in the first quarter of 2020, according to the latest risk-based security report, 8.4 billion records were detected, a 273% increase from the first quarter of 2019. and cyber-attacks are major customer concerns, which has led to a positive shift in demand for the cloud security posture management industry.
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The size of the global cloud security management market is expected to increase $3.45 billion in 2021 and $4.05 billion in 2022 with a compound annual growth rate (CAGR) of 17.48%. The Russia-Ukraine war has disrupted the global economy’s chances of recovering from the COVID-19 pandemic, at least in the short term. The war between these two countries has caused economic sanctions against many countries, increased commodity prices and disrupted supply chains, affecting many markets around the world. The cloud security management market is expected to reach $7.79 billion in 2026 with a compound annual growth rate (CAGR) of 17.76%.
New product innovation is a major trend gaining popularity in cloud security management. Major companies operating in the cloud security posture management market are focusing on developing new technological solutions to strengthen their position. For example, in October 2020, US-based cybersecurity company Palo Alto launched Prisma Cloud 2.0. and recently introduced a new category in cloud security – a Cloud-native security platform for protecting cloud-native applications. Prisma Cloud Data Security was created to solve the challenges of finding and protecting data at the volume and speed inherent in public cloud systems. With the expansion of the new technology Prisma 2.0, the provider aims to help the many enterprises that are actively adopting multi-cloud architectures in different computing paradigms. Professionals in DevOps, cloud infrastructure, and security can more confidently protect innovations that promote user engagement with Prisma Cloud 2.0. Therefore, trends like these give leverage to market players by introducing such new product innovations to build a strong customer base.
Major players in the cloud security posture management market are IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, VMware, Inc., Check Point Software Technologies Ltd., Palo Alto Networks, Inc., Sophos Group PLC, Crowdstrike Holdings, Inc. , Atos Group, Forcepoint LLC, CipherCloud, Aqua Security, Adaptive Shield, CloudPassage and Blazeclan Technologies.
The global cloud security posture management market is segmented by component into solution, services; to large enterprises, small and medium enterprises according to the size of the organization; on the cloud model: infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS); vertically into BFSI, healthcare, retail, commerce, IT, telecom, public sector.
North America was the largest district The cloud security posture management market is expected to be the fastest growing region in 2021 and during the forecast period. The regions covered in the cloud security posture management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Cloud Security Posture Management Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from Business Research Company that provides cloud security posture management market forecast size and growth, cloud security posture management market. segments, cloud security posture management market trends, drivers and restraints, revenue, profiles and market shares of leading competitors in the competitive landscape section for over 3,000 industry reports covering over 2,500 market segments and 60 geographies.
The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 1,500,000 data sets, extensive secondary research and exclusive insights from interviews with industry leaders.
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