Cloud-native Application Protection Platform (CNAPP) Market Forecasts to 2028 – Global Analysis By Offering (Platform and Professional Services), Cloud Type (Public and Hybrid), Organisation Size (Large Enterprises and Small and Medium-Sized Enterprises),

Cloud-native Application Protection Platform (CNAPP) Market Forecasts to 2028 – Global Analysis By Offering (Platform and Professional Services), Cloud Type (Public and Hybrid), Organisation Size (Large Enterprises and Small and Medium-Sized Enterprises), Component (Solution and Services), End Users and By Geography

According to Stratistics MRC, the Global Cloud-native Application Protection Platform (CNAPP) Market is accounted for $7.8 billion in 2022 and is expected to reach $25.5 billion by 2028 growing at a CAGR of 21.9% during the forecast period. A cloud-native application protection platform (CNAPP) is a type of cloud security architecture created for safeguarding and securing cloud-based apps all the way through the software development lifecycle. Through the early detection of cloud-based threats, organizations can make sure that the staff handling cloud-based operations has effective visibility into cloud-based environments as a result of the adoption of cloud-native apps and solutions across their various divisions. A cloud-native application protection platform additionally aids businesses in finding software flaws, weaknesses, incorrect configurations, and other security problems throughout the entire software development process.

According to a report by Forbes in 2020, The Cloud Talent Drought Continues, advanced cloud and security skills are in higher demand than ever before; however, there is a significant lack of qualified, skilled professionals to support this movement, especially in non-tech-related industries.

Market Dynamics

Driver

Byod and remote work options adoption among smes

Employers who use cloud-based systems and the BYOD concept enable employees to work remotely while connected to the office network. Enterprises are eventually switching to the cloud deployment model due to the rising popularity of public cloud offerings and BYOD policies. Work-from-home and BYOD initiatives are being quickly embraced by organizations. Remote work promotes public health and helps businesses avoid productivity losses. Work-from-home policies are being widely adopted by many businesses due to the COVID-19 pandemic's impact on the economy and public health as well as the necessity of the necessary physical distance measures.

Restraint

Insufficient technical knowledge to implement and maintain cnapp

Technical expertise and knowledge are needed for CNAPP solution implementation and upkeep. However, in recent years, businesses have started hiring security executives without the necessary training and experience. Advanced cloud and security skills are more in demand than ever, but there is a significant shortage of qualified, skilled professionals to support this movement, especially in non-tech-related industries, according to a Forbes report from 2020 titled The Cloud Talent Drought Continues.

Opportunity

Increased use of cloud-based solutions

Across all industries, the use of cloud-based solutions is growing. Artificial intelligence and machine learning are becoming more advanced thanks to cloud-based solutions, which also support more productive work. Cloud-native apps and services were not the focus of traditional security tools and techniques; instead, they were created to safeguard on-premises data centers and endpoints. With the shift to cloud technologies, security teams must be able to spot security problems and vulnerabilities early in the development process, expedite remediation, and provide consistent security. 57 percent of businesses are moving more workloads to the cloud. Furthermore, the use of cloud-based solutions is growing, which is also boosting the use of CNAPP solutions, thanks to elements like cost optimization, flexible computing power, and lower cost.

Threat

Utilization of cnapp solutions is complicated.

Complexities and difficulties may arise from the multiple/hybrid cloud strategy and reliance on various cloud vendors to manage the entire IT infrastructure. Deploying CNAPP solutions has become more difficult as a result of this. The complexity of cloud environments makes it more difficult to protect data and applications there, and it can also make cost management more difficult. The complexity of managing microservices grows as they grow in size in tandem with the expansion of cloud services.

Covid-19 Impact

The Covid-19 pandemic had a positive effect on the demand for CNAPP and other related cybersecurity services, as cyberattacks significantly increased in the early months and reached 30,000 until April 2020. Additionally, according to ISACA (Information Systems Audit and Control Association), the average cost of a data breach has increased to USD 4.24 million. Due to organizational choices to adapt to changing remote work environments, the COVID-19 crisis has resulted in a cyber pandemic, which is anticipated to drive the deployment of CNAPP solutions and services.

The Large enterprises segment is expected to be the largest during the forecast period

Large businesses employ over 250 people, according to the Organization for Economic Co-operation and Development. Large businesses are among the first to adopt CNAPP and the related professional services. Large businesses are starting to use cloud-based solutions more frequently than conventional on-premises ones. These businesses have a number of departments carrying out various tasks, which makes it challenging for the company to manage its security posture across the board. Businesses increasingly need security solutions as they store information and data in the cloud.

The IT & ITeS segment is expected to have the highest CAGR during the forecast period

IT companies are giving CNAPP and its related services a higher priority as the BYOD and work-from-home trends gain traction. Data breaches caused by cloud misconfigurations, including object storage breaches, unauthorized access to database services, unauthorized traffic to virtual server instances, and unauthorized user logins, are on the rise. When it comes to security, public cloud deployments are the first choice for companies with minimal privacy concerns. However, hybrid cloud deployments are becoming more popular among IT companies as a result of the need to increase scalability and flexibility. By combining the advantages of both public and private clouds, they can balance their workloads. Such situations have increased the demand for hybrid cloud and multi-cloud solutions within IT organizations.

Region with largest share

In terms of market share, North America is anticipated to be the region that contributes largest share to the CNAPP market globally. Regarding infrastructure and the adoption of security technology, it is among the most developed regions. The adoption of cloud technology has increased recently in the region. Slowly, traditional solutions are giving way to cloud-based infrastructure for information technology. Organizations are using cloud services quickly for new initiatives or to replace outdated systems. The government's effort to comprehend, control, and minimize risks to the nation's physical and cyber infrastructure is spearheaded by the Cybersecurity and Infrastructure Security Agency (CISA). Resources, analyses, and tools are made available to industry and government stakeholders to aid in the development of cyber, communications, physical, and resilience security.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period. The Asia-Pacific region spends a lot on security because the threat environment there is constantly evolving. There are numerous SMEs located in the nations of the Asia-Pacific region. Over 87 percent of all businesses and more than half of the labor force in the area are comprised of them. Their share of GDP typically ranges from 40% to 60% in most economies, making them a significant contributor to economic growth. SMEs are utilizing cloud computing more and more to boost productivity. Global supply chains and remote work have been supported by cloud technology during the pandemic. It benefits local businesses by facilitating scalability, business continuity, and lower costs.

Key players in the market

Some of the key players in Cloud-native Application Protection Platform (CNAPP) market include Accuknox, Aqua Security, Banyan Cloud, Caveonix, Cequence Security, Check Point, Crowdstrike, Data Theorem, Ermetic, Forcepoint, Fortinet, Zscaler, Metasecure, Orca Security, Palo Alto Networks, Proofpoint, Radware, Runecast, Skyhigh Security and Sophos.

Key Developments

In January 2023, SailPoint Technologies Inc., a key firm offering identity management solutions & governance for unstructured data access, acquired SecZetta, a third-party identity risk solutions provider. The move will help SailPoint in expanding its identity management solutions & governance capabilities.

In September 2022, Zscaler announced the acquisition of ShiftRight, a leader in closed-loop security workflow automation. ShiftRight’s workflow automation technology is integrated into the Zscaler Zero Trust Exchange cloud security platform to automate security management for the growing influx of risks and incidents.

In June 2022, Apiiro, a key player in the cloud-native application security business, declared its partner program for offering huge support for its technology, reseller, and consulting partners in the cloud-native application protection platform (CNAPP) ecosystem. The move will help the clients of Apiiro in quickly fixing their cloud-native application risks. This initiative will benefit the expansion of the cloud-native application protection platform (CNAPP) market across the globe.

Offerings Covered
• Platform
• Professional Services
• Other Offerings

Cloud Types Covered
• Public
• Hybrid
• Other Cloud Types

Organisation Sizes Covered
• Large Enterprises
• Small and Medium-Sized Enterprises
• Other Organisation Sizes

Components Covered
• Solution
• Services
• Other Components

End Users Covered
• BFSI (Banking, financial services and insurance)
• Healthcare
• Retail & ecommerce
• Government
• Telecommunication
• IT & ITES
• Manufacturing
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements