PUBLISHER: The Business Research Company | PRODUCT CODE: 1464065
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464065
A cloud-native application protection platform (CNAPP) is a specialized cybersecurity solution designed to secure cloud-native applications. These platforms are tailored to address the unique security challenges posed by applications built for cloud environments, which often utilize microservices architecture, containerization, and orchestration tools.
The primary types of cloud-native application protection platforms are public and hybrid. In a public deployment model, the CNAPP solution is hosted and operated by a third-party cloud service provider, making it accessible to multiple organizations or users over the public internet. These platforms typically offer both platform and professional services. They find application across various sectors including banking, financial services, and insurance (BFSI), healthcare, retail and e-commerce, telecommunications, information technology, and IT-enabled services.
The cloud-native application protection platform market research report is one of a series of new reports from The Business Research Company that provides cloud-native application protection platform market statistics, including cloud-native application protection platform industry global market size, regional shares, competitors with cloud-native application protection platform market share, detailed cloud-native application protection platform market segments, market trends, and opportunities, and any further data you may need to thrive in the cloud-native application protection platform industry. This cloud-native application protection platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cloud-native application protection platform market size has grown rapidly in recent years. It will grow from $9.11 billion in 2023 to $10.89 billion in 2024 at a compound annual growth rate (CAGR) of 19.6%. The historical growth can be attributed to several factors, including the rise of cloud-native technologies, the boom in containerization, widespread adoption of Kubernetes orchestration, a shift towards DevOps and DevSecOps practices, the evolving cybersecurity threat landscape, and increasing adoption of the zero-trust security model.
The cloud-native application protection platform market size is expected to see rapid growth in the next few years. It will grow to $21.83 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The forecasted growth can be attributed to the ongoing adoption of cloud-native technologies, rising concerns about security threats and cyberattacks, a focus on implementing the zero-trust security model, and the proliferation of hybrid and multi-cloud environments. Major trends expected in the forecast period include rapid innovation and evolution in cybersecurity solutions, heightened attention towards hybrid and multi-cloud environments, enhancements in container security measures, increased integration with DevSecOps practices, the implementation of zero-trust architecture, and the automation of compliance processes.
The escalating prevalence of cloud-based cyberattacks and security breaches is anticipated to drive notable growth within the cloud-native application platform market in the foreseeable future. Cloud-based cyberattacks and security breaches encompass malicious activities and unauthorized access incidents targeting cloud computing infrastructures, services, or data repositories. This upward trend in cyber threats is attributed to the widespread adoption of cloud computing solutions across businesses of varying scales, thereby expanding the attack surface and providing cybercriminals with an increased array of targets to exploit. To mitigate such risks, cloud-native application platforms often integrate inherent security functionalities and adherence to best practices, including encryption protocols, access controls, and robust authentication mechanisms. By capitalizing on these embedded security features, organizations can proactively fortify their cloud-native applications against prevalent security threats right from their inception. For instance, as reported by the Australian Cyber Security Centre in November 2022, cybercrime reports surged to 76,000 in 2022, marking a notable 13% increase from the previous year. Consequently, the escalating instances of cloud-based cyberattacks and security breaches are fueling the growth trajectory of the cloud-native application platform market.
Key players within the cloud-native application protection platform arena are prioritizing the development of innovative technological solutions, such as Adversary-Focused CNAPP Capabilities, to bolster their market position and profitability. These capabilities are engineered to enhance the security posture of cloud applications against sophisticated cyber threats. For example, in April 2022, CrowdStrike Holdings Inc., a prominent US-based software company, unveiled its Adversary-Focused CNAPP Capabilities. Designed to address the dynamic nature of the security landscape, wherein adversaries exploit vulnerabilities within an ever-expanding attack surface, these features empower organizations to bolster their cloud environment defenses. By adopting an adversary-focused approach, organizations gain deeper visibility into potential threats, automate proactive security measures, and maintain ongoing monitoring to detect and remediate emerging vulnerabilities effectively. This proactive stance enables organizations to thwart, identify, and mitigate potential threats and weaknesses, thereby fortifying their cloud-native application ecosystems against evolving cybersecurity challenges.
In February 2021, Red Hat Inc., a prominent US-based enterprise solutions provider specializing in Linux-based technologies, completed the acquisition of StackRox Inc. for an undisclosed sum. This strategic move was aimed at offering a comprehensive security solution spanning all stages of the IT stack. By enhancing Kubernetes' native security capabilities and shifting security measures to the container build and CI/CD phase, the acquisition sought to bolster integrated security throughout Red Hat's open hybrid cloud portfolio. StackRox Inc., headquartered in the United States, is a software company focused on delivering security solutions tailored for cloud-native applications.
Major companies operating in the cloud native application protection platform market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., The International Business Machines Corporation, Cisco Systems Inc., Palo Alto Networks Inc., Juniper Networks Inc., Fortinet Inc., Akamai Technologies, F5 Inc., Check Point Software Technologies, Trend Micro, CrowdStrike, Cloudflare Inc., Rapid7, Imperva Inc., Prisma Cloud, Barracuda Networks, Qualys, HashiCorp, Trend Micro Cloud One, Aqua Security, Alert Logic, NeuVector, Lacework, Twistlock, Sysdig, CloudVector, Armor, StackRox
North America was the largest region in the cloud-native application protection platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud native application protection platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cloud native application protection platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cloud-native application protection platform (CNAPP) market includes revenues earned by entities by providing services such as runtime protection, identity and access management, data encryption, logging and monitoring, and threat intelligence integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud-native application protection platform (CNAPP) market consists of sales of container security platforms, service mesh security solutions, runtime protection tools, data encryption solutions, logging and monitoring platforms, and threat intelligence platforms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Native Application Protection Platform Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud native application protection platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud native application protection platform ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cloud native application protection platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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