The global cloud-native application protection platform (CNAPP) market size was evaluated at $5.9 Billion in 2021 and is slated to hit $23.1 Billion by the end of 2030 with a CAGR of nearly 20% between 2022 and 2030.
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➤ The global market expansion is being supported by the increasing acceptance of BYOD and work-from-home trends.
The global market trends will be enhanced by the increasing acceptance of BYOD (Bring Your Own Device) concepts and remote working among small and medium enterprises (SMEs). Cloud databases are in high demand as a result of the COVID-19 pandemic outbreak, which has led to a significant increase in cyber-attacks and a rise in the number of work-from-home positions. This has resulted in a significant increase in the global cloud-native application protection platform (CNAPP) industry.
➤ The global market expansion is impeded by a lack of competent workforce and expertise.
The market’s development will be impeded by the limited availability of skilled workforce that can implement and maintain cloud-native application protection platforms, as well as the necessity of adhering to changing software security laws.
➤ Cloud-based solutions are experiencing a significant increase in popularity across a variety of business sectors, which is expected to generate new growth opportunities for the global market.
The global cloud-native application protection platform (CNAPP) market will experience new growth dimensions as a result of the increased utilization of cloud-based solutions in a variety of verticals, including BFSI, IT & ITES, retail & e-commerce, telecommunications, and healthcare.
➤ The global industry’s development may be jeopardized by the complexity of the cloud-native application protection platform.
The global industry’s expansion has been significantly hindered by the intricacies associated with the utilization of cloud-native application protection platforms. The global market’s expansion may be significantly threatened by the increasing challenge of data protection and cloud application protection, as well as the necessity of cost control.
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The Global Cloud-native Application Protection Platform (CNAPP) Market is segmented based on product, application and region
Global Cloud-native Application Protection Platform (CNAPP) Market: Product Segment Analysis
● Public Cloud
● Hybrid Cloud
Global Cloud-native Application Protection Platform (CNAPP) Market: Application Segment Analysis
● BFSI
● IT & ITES
● Retail & ecommerce
● Telecommunications
● Healthcare
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The global Cloud-native Application Protection Platform (CNAPP) market profiles key players such as:
● Forcepoint
● Proofpoint
● Tigera
● Radware
● Wiz.io
● Zscaler
● Orca Security
● Sophos
● Cequence Security
● Palo Alto Networks
● Illumio
● CrowdStrike
● Aqua Security
● Ermetic
● Fortinet
● Banyan Cloud
● Meta Secure
???? Recent Developments:
• SailPoint Technologies Inc., a prominent organization that provides identity management solutions and governance for unstructured data access, acquired SecZetta, a third-party identity risk solutions provider, in January 2023. The relocation will facilitate the expansion of SailPoint’s governance capabilities and identity management solutions.
• Apiiro, a prominent participant in the cloud-native application security industry, announced its partner program in June 2022. The program is designed to provide significant support to its technology, reseller, and consulting partners in the cloud-native application protection platform (CNAPP) ecosystem. The relocation will facilitate the rapid resolution of cloud-native application risks for Apiiro’s clients. The global expansion of the cloud-native application protection platform (CNAPP) market will be facilitated by this initiative.
➤ The Asia-Pacific Cloud-native Application Protection Platform (CNAPP) Market is expected to experience the highest compound annual growth rate (CAGR) during the forecast period.
The global cloud-native application protection platform (CNAPP) market is segmented into Europe, the Middle East and Africa, Asia-Pacific, Latin America, and North America from a regional perspective. A significant increase in the penetration of cloud-native application protection platforms (CNAPP) in small and medium-sized enterprises in the Asia-Pacific region is anticipated to result in the highest compound annual growth rate (CAGR) for the Asia-Pacific cloud-native application protection platform (CNAPP) market from 2022 into 2030.
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