Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Cloud Security Posture Management Market size is expected to reach $9.9 billion by 2028, rising at a market growth of 15.2% CAGR during the forecast period.
The Solution segment is leading the Global Cloud Security Posture Management Market by Component in 2021; thereby, achieving a market value of $6.42 billion by 2028. Organizations used the cloud to assist quickly in creating digital collaboration solutions and remote work during the pandemic. The necessity to move on-premise work activities to the cloud has prompted some businesses to embrace cloud solutions more quickly than anticipated, and organizations may not be able to do so under normal conditions if there is no thorough preparation.
The Platform-as-a-Service (PaaS) segment is showcasing a CAGR of 15.8% during (2022 - 2028). Platform as a service (PaaS) is referred as a cloud computing concept in which consumers get software and hardware tools from a third-party supplier via internet. Because of the ever-increasing workloads in businesses, this market is growing. As a result, businesses are searching for third parties to provide expanded services.
The Large Enterprises segment acquired maximum revenue share in the Global Cloud Security Posture Management Market by Organization Size in 2021, thereby, achieving a market value of $6.79 billion by 2028. Because large enterprises do not have any financial budget constraints, hence adopting the cloud security posture management market is never an issue for large firms. And numerous large-scale firms are implementing CSPM solutions.
The Retail & Ecommerce segment has shown growth rate a CAGR of 15.6% during (2022 - 2028). The growing demand for CSPM in enterprises, independent software vendors (ISVs), and managed service providers (MSPs), in the retail industry, that store and process personally identifiable information (PII), payment card information, and customer personalization data, particularly those involved in understanding and executing cloud security controls, is driving this segment's growth.
The North America market dominated the Global Cloud Security Posture Management Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.57 billion by 2028. The Europe market is estimated to witness a CAGR of 14.9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 16% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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, and Forcepoint LLC.
By Cloud Model
By Organization Size
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