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Cloud Native Application Protection Platform (CNAPP) Market Size

Report ID: GMI5440
Published Date: Feb 2023
Report Format: PDF

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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.

Global CNAPP Market Revenue Share, By Solution 2022

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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.

Cloud Native Application Protection Platform Market Report Attributes
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:	Surge in the adoption of cloud-based solutions Organizations are integrating CNAPP into their overall security strategy Growing acceptance of the BYOD concept Increasing instances of cloud-based cyberattacks and security breaches Increasing demand for high-speed connectivity for data transfer
Pitfalls & Challenges:	Limited awareness about Cloud Native Application Platform Inadequate technical knowledge to build and manage CNAP

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market of cloud native application protection platform was worth more than USD 1 billion in 2022 and is estimated to witness over 30% CAGR through 2032, owing to the surging adoption of cloud-based solutions globally.

The IT & Telecom segment generated more than USD 300 million in revenue in 2022, on account of the emerging trend of BYOD and work-from-home policies among enterprises

The market for cloud native application protection platform in North America was worth over USD 500 million in 2022, attributed to the surging digitalization and rapid adoption of cloud technology across the region.

Fortinet, Palo Alto Networks, Trend Micro, Aqua Security, Checkpoint, Crowdstrike, Emertic, and Wiz are among the major enterprises operating in the industry.