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Cloud Native Application Protection Platform (CNAPP) Market Size By Component (Solution, Services), By Cloud (Hybrid Cloud, Multi-Cloud), By Organization Size, Application & Global Forecast, 2023 - 2032
- Report ID: GMI5440
- Published Date: Feb 2023
- Report Format: PDF
Cloud Native Application Protection Platform Market Size
Cloud Native Application Protection Platform Market size valued at USD 1 billion in 2022 and is expected to expand at over 30% CAGR from 2023 to 2032, driven by the surging adoption of cloud-based solutions.
Cloud infrastructures are becoming increasingly complex as enterprises use additional cloud providers, users, apps, and resources. Moreover, soaring incidences of cyberattacks are driving the market expansion. In August 2021, global IT consultancy firm Accenture's network was victimized by the LockBit ransomware attack, which resulted in the theft of six terabytes of data. The majority of security solutions lack the end-to-end visibility required to effectively assess risks and notify security teams of sophisticated cyberattacks, enabling them to manage with both unprotected cloud resources and the cacophony of false-positive warnings, which is projected to influence the market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Cloud Native Application Protection Platform Market Size in 2022: | USD 1 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 30% |
| 2032 Value Projection: | USD 30 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 252 |
| Segments covered: | Component, Cloud, Organization Size, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Insufficient technical expertise to manage CNAPP may hinder the industry expansion
Cloud security is witnessing an upsurge in demand, especially in non-tech-related firms. However, there is a huge scarcity of qualified and competent personnel to support this transition. In order to deploy CNAPP successfully, there is a lack of qualified personnel, which poses a problem for businesses looking to adopt these technologies. Nonetheless, businesses and service providers are taking steps to educate staff members and provide them with the skills needed to handle network security programs.
Cloud Native Application Protection Platform Market Analysis
In terms of components, the report cites that the solution segment contributed to more than 70% of the cloud native application protection platform market revenue in 2022. CNAPP solutions assist in the proactive detection and prevention of security issues, such as unauthorized access, data breaches, and malicious actions, lowering the risk of data loss or vulnerability. The growing availability of AI-integrated CNAPP solutions, which eliminates the need for manual intervention and allows clients to confidently rely on moving their most important workloads to the cloud.
The cloud security posture management (CSPM) segment is anticipated to hold over 20% share of the cloud native application protection platform market by 2032, due to the increasing use of CSPM by companies as it provides more comprehensive controls and multi-cloud capabilities. Additionally, companies are working to integrate cutting-edge features into CSPM to provide superior network security solutions and systems, which is likely to fuel the market growth. Recently, in October 2022, Microsoft added two new preview services to its Microsoft Defender for Cloud security platform- Microsoft Defender for DevOps and Microsoft Defender CSPM, designed to reduce security vulnerabilities and respond to attacks.
Based on application, the cloud native application protection platform market share from the IT & telecom segment exceeded USD 300 million in revenue in 2022. Several businesses have established BYOD and work-from-home policies, which increases the amount of sensitive data and information stored on cloud. The COVID-19 outbreak expedited the shift to remote working, further amplifying these security concerns. These factors are expected to increase the necessity to deploy cloud-native application protection and related services for cybersecurity to prevent cloud-based data breaches brought on by cloud misconfigurations, such as unauthorized access to virtual servers, databases, and logins.
The multi-cloud segment accounted for 25% cloud native application protection platform market share in 2022, owing to rising data center maintenance expenses prompt businesses to use a multi-cloud strategy. Moreover, the increasing adoption of multi-cloud solutions by companies to achieve digital transformation and enhance competitiveness is likely to contribute to market development. In July 2022, retail behemoth Walmart developed its own cloud platform with a connection to two public cloud service providers, resulting in a multi-cloud architecture that reduced expenses by millions and accelerated tasks effectively.
The CNAPP market from the large enterprises segment is set to reach USD 25 billion by 2032. The complexity of major organizations’ operations in the cloud infrastructure makes it difficult for large organizations to maintain a secure status, increasing CNAPP services demand. Moreover, to make cloud environments more efficient and productive for major corporations, technology companies are fusing newly acquired technologies with pre-existing security services. In April 2022, CrowdStrike, a cloud-delivered security expert, launched new adversary-focused CNAPP capabilities to expedite threat hunting for cloud environments and minimize mean time to response.
The North America cloud native application protection platform market generated over USD 500 million in revenue in 2022. According to the Identity Theft Resource Center, 1862 data breaches were reported in the U.S. in 2021. Surging digitalization and rapid adoption of cloud technology to replace existing systems have increased the demand for CNAPP across American companies. Leading technology firms are also launching advanced solutions to strengthen security norms, which is anticipated to impel regional business growth. In May 2022, Deloitte, an IT & technology consultancy leader, introduced Cloud Security Management to assist American executives concerned about visibility in the security of cloud workloads and apps.
Cloud Native Application Protection Platform Market Share
Some of the leading companies operating in the CNAPP market are
- Fortinet
- Palo Alto Networks
- Trend Micro
- Aqua Security
- Checkpoint
- Crowdstrike
- Emertic
- Wiz
To provide their clients with enhanced protection, top CNAPP providers focus strongly on product development and strategic partnerships with cybersecurity companies.
For instance, in March 2022, Radware, a pioneer in cyber security solutions globally, and Presidio renewed their multi-year partnership. Presidio is expanding its cyber security portfolio to include Radware's application and API security solutions, DDoS protection, bot management, and Cloud Native Protector to safeguard its clients' cloud, hybrid, and on-premises environments.
Impact of the COVID-19 pandemic
The pandemic had a favorable impact on the demand for CNAPP and other related cybersecurity services as cyberattacks significantly increased in the initial months, totaling 30,000 until April 2020. Furthermore, the average cost of a data breach has surged to USD 4.24 million, according to ISACA (Information Systems Audit and Control Association). The COVID-19 crisis has resulted in a cyber pandemic owing to organizational decisions to adapt to the evolving remote work settings, which is foreseen to impel the deployment of CNAPP solutions and services.
The Cloud Native Application Protection Platform (CNAPP) Market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:
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Market, By Component
- Solution
- Identity-Based Security and Cloud Infrastructure Entitlement Management (CIEM)
- Cloud Workload Protection Platform (CWPP)
- Infrastructure as a code (IAC)
- Kubernet Security Posture Management (KSPM)
- Cloud Security Posture Management (CSPM)
- Services
- Professional Services
- Managed Services
Market, By Cloud
- Hybrid cloud
- Multi-cloud
Market, By Organization Size
- Large enterprises
- SME
Market, By Application
- Retail
- BFSI
- Healthcare
- Government
- IT & telecom
- Manufacturing
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Italy
- Netherlands
- Spain
- France
- Germany
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- LAMEA
- GCC
- Mexico
- South Africa
Frequently Asked Questions (FAQ) :
Cloud Native Application Protection Platform Market Scope
