Cloud Security Posture Management Market Size, Share & Trends Analysis Report By Component, By Cloud Service Model, By Cloud Type, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global cloud security posture management market size was estimated at USD 4.70 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. The increasing cloud security concerns are driving the cloud security posture management (CSPM) market growth. For instance, according to a report named “2021 CLOUD SECURITY REPORT”, published by (ISC)², Inc. (international, a nonprofit membership association for information security leaders), 67% of the survey respondents saw misconfiguration of cloud platforms/wrong setups as the biggest security threat in the public cloud. The benefits offered by CSPM include loading misconfigured network connectivity, detecting exceedingly liberal account permissions, continuous monitoring of the cloud environment, assessing data risks, automatically remedying the misconfigurations in certain cases, and compliance with common standards for the best practices such as SOC2 (Service Organization Control Type 2), HIPAA (Health Insurance Portability and Accountability Act), and PIC (Programmable Interface Controller), has been able to counter the cloud security threats.

Cloud Security Posture Management (CSPM) has risen as a crucial aspect of contemporary cybersecurity as organizations increasingly migrate their operations into the cloud. CSPM tools allow businesses to monitor and enforce security best practices within their cloud environments, ensuring compliance and mitigating risks. The increasing demand for improved cloud security solutions will fuel its demand in the coming years. Many companies are working toward safeguarding sensitive business data, improving customer trust, and enhancing compliance with strict regulations, paving the way for the rising adoption of CSPM solutions. Cyber threats require real-time monitoring and automating of cybersecurity measures in the cloud, fueling the adoption of CSPM.

The regulatory standards are also pivotal in driving the CSPM market’s growth. Regulatory bodies are putting more stringent data protection and privacy requirements, resulting in businesses opting for robust security measures in their cloud environments. Compliance frameworks, including HIPAA, General Data Protection Regulation (GDPR), and Payment Card Industry Data Security Standard (PCI DSS), necessitate constant monitoring and enforcement of security controls. Likewise, industries with stringent security needs, including healthcare, government, and finance, increasingly opt for CSPM providers to ensure their cloud infrastructures adhere to the essential security standards. As compliance and data protection requirements grow, the CSPM market is poised to experience sustained expansion, attracting investment and innovation from vendors eager to capitalize on this flourishing demand.

The growth of the market is slowed down by various issues concerning the CSPM solution, which includes a lack of adequate skills for deployment and maintenance of CSPM solution, complicated deployment, and response without vulnerability scanning features, issues with automatic remediation which might require manual intervention, CSPM does not proactively stop ransomware among others. All the aspects mentioned above concerned with CSPM have been slowing the growth of the development of the market over the forecast period.

The increasing awareness among businesses about the importance of proactive security measures has led to a shift from reactive to preventive security approaches. CSPM empowers organizations to detect and address security issues before they escalate into major incidents, making it a vital component of a comprehensive cloud security strategy. High-profile data breaches, cyber-attacks on major corporations, and ransomware incidents have garnered significant media attention, putting cybersecurity at the forefront of public consciousness. This heightened awareness has also extended to business leaders, executives, and IT professionals who recognize that a security breach could severely affect their organization's reputation, financial stability, and customer trust.

Component Insights

The solution segment accounted for the largest share of 68.3% of the overall revenue in 2022. With businesses' rapid adoption of cloud services across industries, the need to ensure robust security and compliance in cloud environments has become paramount. CSPM solutions offer organizations real-time visibility into their cloud infrastructure, enabling them to detect vulnerabilities, misconfigurations, and potential threats. The continuous monitoring and automated remediation capabilities of CSPM tools have proven instrumental in safeguarding sensitive data and maintaining regulatory compliance, thereby driving the remarkable growth of CSPM solutions in the ever-expanding cloud security market.

The services segment is projected to grow at a significant CAGR from 2023 to 2030. CSPM service providers offer specialized expertise and consultancy, assisting organizations in designing, implementing, and optimizing their cloud security strategies. These services encompass comprehensive risk assessments, custom security policy development, continuous security monitoring, and actionable insights to enhance cloud security posture. The surge in demand for CSPM services underscores the importance of tailored approaches to cloud security, ensuring businesses can maximize the benefits of cloud technologies while minimizing potential risks and vulnerabilities.

Cloud Service Model Insights

The SaaS segment accounted for the largest revenue share of 40.5% in 2022. With the proliferation of SaaS solutions, ensuring the security and compliance of data and applications hosted in these environments has become a top priority. CSPM solutions tailored for SaaS offer specialized features to assess the security posture of SaaS applications, identify misconfigurations, and enforce best security practices. They provide a centralized view of security across multiple SaaS platforms, allowing businesses to gain real-time insights into potential risks and vulnerabilities. As the SaaS landscape expands and cybersecurity threats evolve, the adoption of CSPM in SaaS environments is expected to continue its upward trajectory, safeguarding sensitive data and bolstering trust in cloud-based software solutions.

The IaaS segment is projected to grow at a significant CAGR from 2023 to 2030. IaaS allows businesses to build and manage virtualized resources, but it also brings security challenges due to the shared responsibility model. CSPM solutions for IaaS platforms offer comprehensive monitoring and analysis capabilities, enabling businesses to proactively identify and rectify security gaps, misconfigurations, and compliance issues in their cloud infrastructure. The need for robust security in IaaS environments has become paramount. CSPM solutions are vital in helping businesses maintain a strong security posture, bolstering confidence in their cloud deployments. As the adoption of IaaS continues to soar, the demand for CSPM in these environments is expected to grow, fostering a more secure and resilient cloud computing landscape.

Cloud Type Insights

The public segment is estimated to occupy 52.0% of the market share in 2022. With the vast array of services public cloud providers offer, managing security and compliance across these dynamic environments has become complex. CSPM solutions address this challenge by continuously monitoring cloud resources, assessing configurations, and flagging potential security risks. As data breaches and cyber threats escalate, businesses prioritize robust security measures to safeguard their sensitive information. CSPM tools are crucial in ensuring a proactive and vigilant approach to cloud security, enabling organizations to stay ahead of evolving threats and maintain a strong security posture in the public cloud. The increasing adoption of CSPM in the public cloud underscores its indispensable role in bolstering the confidence of businesses as they leverage the scalability and agility of cloud computing.

The hybrid segment of the CSPM market is projected to grow with the highest CAGR from 2023 to 2030. Organizations embracing the hybrid cloud model to optimize workloads face the challenge of managing security across a blend of on-premises data centers and multiple cloud platforms. CSPM solutions tailored for hybrid cloud offer a unified and holistic approach to security, providing continuous monitoring and analysis of resources across all environments. This enables businesses to seamlessly detect and remediate security vulnerabilities, misconfigurations, and compliance issues. As hybrid cloud deployments become more prevalent, CSPM plays a crucial role in ensuring consistent security policies, mitigating risks, and facilitating regulatory compliance, making it a crucial component in the journey toward a secure and seamlessly integrated hybrid cloud ecosystem.

Enterprise Size Insights

The large enterprise segment occupied the largest market share of 66.7% in 2022. Large enterprises are adopting CSPM owing to its benefits, including automated remediation, content monitoring and compliance, comprehensive cloud security, cost optimization, visibility and control, scalability, third-party risk management, and improved regulatory compliance. Furthermore, the shift toward a remote and distributed workforce has accelerated the reliance on cloud-based collaboration tools and services. As large enterprises embrace this digital transformation, the need for robust cloud security becomes even more critical. CSPM provides visibility and control to ensure that remote access and collaboration tools do not compromise the organization's security posture.

The SME segment is projected to grow at the highest CAGR from 2023 to 2030. SMEs often have limited IT resources and budget constraints, making them attractive targets for cyber threats. CSPM solutions offer a cost-effective and easy-to-implement way for SMEs to bolster their cloud security measures without requiring extensive in-house expertise. With the rapid migration of SMEs to cloud-based services for enhanced agility and scalability, CSPM provides a comprehensive set of tools to monitor and manage their cloud environments effectively. By automating security assessments, identifying misconfigurations, and ensuring compliance, CSPM empowers SMEs to address security challenges proactively and protect their data, applications, and customer information from potential breaches, instilling greater confidence in their cloud operations.

Vertical Insights

The defense/government segment of the market occupied a revenue share of 28.5% in 2022. As defense/government organizations increasingly transition to cloud-based infrastructures to improve agility and efficiency, protecting classified and sensitive information becomes paramount. CSPM solutions offer specialized security capabilities, continuous monitoring, and automated risk assessments, empowering these organizations to comply with stringent security protocols and regulations. CSPM solutions play a vital role in safeguarding national security, sensitive data, and critical assets for defense/government entities by providing real-time visibility into their cloud environments and proactively identifying and mitigating security risks.

The healthcare segment is projected to grow at the highest CAGR from 2023 to 2030. Healthcare organizations migrate to the cloud to enhance collaboration and scalability, ensuring the security and privacy of patient information is of utmost importance. CSPM solutions offer specialized tools for continuous monitoring and analysis, allowing healthcare providers to proactively detect and address security vulnerabilities, misconfigurations, and compliance gaps in their cloud environments. By meeting stringent data protection regulations and safeguarding patient confidentiality, CSPM plays a vital role in fortifying healthcare industry cybersecurity and maintaining the trust and confidence of patients and stakeholders.

Regional Insights

North America held the highest market share of 34.9% in 2022. North America is a global hub for technological innovation and digital transformation, with many businesses and enterprises leveraging cloud services. As more organizations migrate their workloads to the cloud, the demand for robust cloud security measures, such as CSPM solutions, has grown exponentially. Additionally, the region faces a higher frequency of cyber threats and data breaches, which has heightened the urgency for comprehensive cloud security. High-profile security incidents have made businesses and consumers more aware of the risks associated with cloud computing, leading to an increased focus on strengthening cybersecurity measures, including CSPM.

The Asia Pacific CSPM market is expected to register the fastest CAGR over the forecast period. The region is experiencing rapid digital transformation and cloud adoption across various industries, including finance, healthcare, manufacturing, and e-commerce. As businesses in Asia Pacific leverage cloud services for enhanced agility and scalability, securing their cloud environments becomes paramount, driving the demand for CSPM solutions. Moreover, the region has become a hotspot for cyber threats and attacks. With the growing number of cyber adversaries targeting organizations in the region, there is a heightened awareness of the importance of robust cloud security measures. CSPM tools offer continuous monitoring and real-time threat detection, enabling businesses to proactively identify and mitigate security risks, protecting their critical data and applications from potential breaches.

Key Companies & Market Share Insights

The key market players in 2022 include Palo Alto Networks; Trend Micro Incorporated; NetApp, Inc.; and McAfee, Inc. The market is characterized by several players offering differentiated security solutions with advanced features. The players are introducing products with advanced capabilities to gain traction. For instance, in May 2023, Aqua Security Software Ltd. announced the launch of real-time CSPM, which offers improved visibility and context. The new solution offers a complete view of pinpoint threats, multi-cloud security risks, and agentless detection. It can also dramatically reduce noise, enabling security practitioners to identify, prioritize, and remediate important cloud security risks, thereby saving time and money.Some prominent players in the global cloud security posture management market include:

• Aqua Security Software Ltd.

• Armor Defense Inc.

• Check Point Software Technologies Ltd

• Cloudflare, Inc.

• CrowdStrike

• Fortinet, Inc.

• Lacework

• McAfee, LLC

• Microsoft

• NetApp, Inc.

• Palo Alto Networks, Inc.

• Qualys, Inc.

• SentinelOne

• Sophos Ltd.

• Trend Micro Incorporated

Cloud Security Posture Management Market Report Scope

Global Cloud Security Posture Management Market Report Segmentation

The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global cloud security posture management  market report based on component, cloud service model, cloud type, enterprise size, vertical, and region:

• Component Outlook (Revenue, USD Billion, 2018 - 2030)

  • Solution

  • Services

• Cloud Service Model Outlook (Revenue, USD Billion, 2018 - 2030)

  • SaaS

  • IaaS

  • PaaS

• Cloud Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Public

  • Private

  • Hybrid

• Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

  • SME

  • Large Enterprise

• Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

  • IT & Telecom

  • Retail

  • BFSI

  • Healthcare

  • Defense/Government

  • Manufacturing

  • Energy

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • UAE

    • Saudi Arabia

    • South Africa