Market Overview:
A cloud-native software platform that simplifies monitoring, detecting, and reacting to possible cloud security threats and breaches is known as an application protection platform. As more companies adopt DevSecOps, they look for ways to ensure the security of cloud-native applications, protect assignments that are crucial to business operations, and optimise workflows. In order to minimise complexity and improve DevOps and DevSecOps team operations, a CNAPP combines a variety of tools and functionalities into a unified software solution.
In 2022, the market for cloud-native application protection platforms was estimated to be worth USD 5.60 billion. The industry for cloud-native application protection platforms is expected to develop at a compound annual growth rate (CAGR) of 21.7% between 2023 and 2032, from USD 6.80 billion in 2023 to USD 39.9 billion.
The cloud-native application protection platform market is experiencing significant growth due to the increasing cyber threats and the demand for CNAPP across various industries. CNAPPs enable end-to-end security for cloud-native apps throughout their lifecycle, safeguarding organizations against threats . A CNAPP is an all-in-one cloud-native software platform that simplifies monitoring, detecting, and acting on potential cloud security threats and vulnerabilities . It combines multiple tools and capabilities into a single software solution to minimize complexity and facilitate DevOps and DevSecOps team operations.
Key Companies in the Cloud-native Application Protection Platform (CNAPP) Market Include
- Palo Alto Networks
- Check Point Software Technologies
- Fortinet
- Trend Micro
- Cloudflare
- Akamai Technologies
- Imperva
- F5 Networks
- Barracuda Networks
- Zscaler
- Radware
- Qualys
- Gen Digital Inc.
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Across the whole CI/CD programme lifecycle, from development to production, a CNAPP offers complete cloud and application security.
Microservices and serverless computing are commonly used in the creation of cloud-native programmes, creating highly distributed and dynamic systems. These intricate structures require the use of specialised security solutions because traditional security protocols are insufficient. As a result, there is an increasing demand for CNAPP in order to mitigate audit fatigue through automated security measures for continuous compliance and permissions, data, and configuration monitoring.
The capacity to provide customers with customised solutions and criteria like pricing, quality, delivery time, and availability are some of the factors that fuel competition in the Cloud-native Application Protection Platform (CNAPP) industry. Additionally, for businesses to stay competitive in the market, alliances and cooperation with other firms like Palo Alto Networks, Akamai Technologies, etc. in the sector are essential. In the market for Cloud-native Application Protection Platforms (CNAPP), mergers and acquisitions are also frequent as businesses look to broaden their scope.
Sectoral Insights
In this study, the CNAPP Market has been divided into two segments: services and solutions based on component.
In this analysis, the market for CNAPPs has been divided into two segments: small and large enterprises.
This report’s Industry Vertical segmentation of the Cloud-native Application Protection Platform (CNAPP) Market includes Retail, BFSI, Healthcare, Government, IT & Telecom, Manufacturing, and Others.
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Regional Analysis:
North America, Europe, Asia-Pacific, Middle East & Africa, and South America make up the regions that make up the worldwide Cloud-native Application Protection Platform (CNAPP).
Within the worldwide Cloud-native Application Protection Platform (CNAPP) sector, the Asia-Pacific market is one that is expanding. A number of Asia-Pacific businesses are working on digital transformation initiatives that involve migrating workloads and applications to the cloud. In addition, the area is experiencing a variety of cyberattacks and is recovering from cyberthreats. Businesses began creating robust security for their cloud-native apps in order to combat these threats.
The Cloud-native Application Protection Platform (CNAPP) market in North America makes up a sizeable portion of the overall CNAPP market. Realising the advantages of cloud-native security solutions for data protection, North American organisations are adopting cloud and cloud-based solutions for application protection at a substantial rate.
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