Cloud Native Application Protection Platform (CNAPP) Market Analysis

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.

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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.