02-Feb-2023 | Zion Market Research
The cloud-native application protection platform (CNAPP) industry size globally was nearly $5.9 Billion in 2021 and is set to increase to about $23.1 Billion by 2030 with a CAGR of nearly 20% between 2022 and 2030.
A cloud-native application protection platform also abbreviated as CNAPP is a security & compliance solution that assist teams to develop, install, and run secured cloud-native apps in an automated and dynamic public-cloud ecosystem. Furthermore, a cloud-native application protection platform enables security teams to collaborate efficiently with DevOps and developers. CNAPP includes a new cloud security platform category, thereby making data protection, CWPP, CSPM, IAM, CIEM, and other capabilities stronger.
The expansion of the global cloud-native application protection platform (CNAPP) industry over the forecast timespan is subject to humungous demand for cloud-native application protection platforms in a spectrum of industries such as e-commerce, telecommunications, BFSI, IT & ITES, and healthcare. Furthermore, the growing acceptance of the BYOD concept along with cloud-based tools has boosted the expansion of the cloud-native application protection platform (CNAPP) market across the globe.
Nonetheless, the low availability of skilled professionals can impede the growth of the global cloud-native application protection platform (CNAPP) industry. Rapid changes in the laws related to the security of software can result in a decline in global market growth in the coming decade. However, the massive penetration of cloud-native application protection platform (CNAPP) in myriad sectors will open new growth avenues for the global industry.
The cloud-native application protection platform (CNAPP) market globally is sectored into cloud type, organization size, offering, vertical, and region.
On the basis of offering, the cloud-native application protection platform (CNAPP) industry globally is sectored into platform services and professional services. Furthermore, the platform services segment is predicted to register the highest CAGR over the forecast timeframe. The expansion of the segment over 2022-2030 can be owing to the scanning and protection of cloud infrastructure provided by cloud-native application protection platforms in various firms. Apart from this, a CNAPP is a cloud-native software that makes it easy for monitoring, identifying, and responding to cyberattacks and cyber threats to the cloud security of firms in many sectors.
In terms of cloud type, the global cloud-native application protection platform (CNAPP) market is segmented into public cloud and hybrid cloud. Moreover, the hybrid cloud segment is predicted to be the dominant segment over the forecasting timeframe. The segmental surge can be attributed to the large-scale implementation of hybrid cloud by various organizations across the globe for improving business functions, end-user experience, and resource consumption.
The cloud-native application protection platform (CNAPP) market in the North America is slated to acquire dominant status over the assessment timeline owing to a prominent surge in acceptance of digitization and cloud technologies. Rise in the number of cyber-attacks in the countries such as Canada and the U.S. has paved a way for humungous demand for cloud-native application protection platforms. In addition, the rise in hacking and data thefts has led to the growing popularity of cloud-native application protection platforms in the region.
This review is based on a report by Zion Market Research, titled “Cloud-native Application Protection Platform (CNAPP) Market By Offering (Platform and Professional Services), By Cloud Type (Public Cloud and Hybrid Cloud), By Vertical (BFSI, IT & ITES, Retail & eCommerce, Telecommunications, and Healthcare), By Organization Size (Large Enterprises and SMEs), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/global-cloud-native-application-protection-platform-market
Key participants profiled in the cloud-native application protection platform (CNAPP) industry across the globe include:
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