As more businesses move to the cloud, their digital environments have become more complex and vulnerable to attacks. To address these challenges, organisations are turning to Cloud Security Posture Management (CSPM) solutions.
CSPM tools are in high demand as they help organisations manage the complexities of multi-cloud and cloud-native technology and meet regulatory requirements. Frost & Sullivan forecasts the global CSPM market is projected to grow significantly by 2028.
The main drivers behind this growth are the widespread adoption of public cloud and cloud-native technologies, which require more sophisticated security solutions.
Businesses are moving away from using fragmented cloud security tools and are instead adopting integrated Cloud-Native Application Protection Platforms (CNAPPs). These platforms provide comprehensive visibility, risk management, and security capabilities across all layers of cloud deployments.
Anh Tien Vu, Growth Expert at Frost & Sullivan, explains: “This upward investment trend underscores the growing awareness and prioritisation of cloud security among businesses worldwide.
Investments in cloud security technologies are on the rise. Many organisations are using these solutions to prevent breaches, detect and respond to threats, and ensure regulatory compliance. By 2025, it's estimated that most organisations will be using Cloud Workload Protection Platforms (CWPPs), CSPM, and CIEM solutions. In the 2023 Voice of the Enterprise Security Customer Survey, around 88% of organisations are expected to explore comprehensive cloud security platforms like CNAPPs.