Cloud-Native Application Protection Platforms Market

Market Overview

The global Cloud-Native Application Protection Platforms Market size was valued at USD 9.20 billion in 2023 and is predicted to reach USD 33.53 billion by 2030 with a CAGR of 20% from 2024-2030.

Cloud-native application protection platforms (CNAPP) market refer to the industry that provide businesses with comprehensive security solutions specifically designed for cloud-native environment. These cloud security solutions offer integrated protection for application built using cloud-native technologies such as microservices, containers, and serverless architectures.

CNAPP solutions encompass a range of security capabilities, including compliance monitoring, vulnerability management, runtime protection, and threat detection. Organizations utilise CNAPP to ensure the security and compliance of their cloud native applications, streamline security operations and mitigate risk associated with cloud-based deployment.

Market Dynamics and Trends

The increase in the adoption of cloud-based services across various industries to safeguard confidential consumer data is significantly driving the cloud-native application protection platforms market.

CNAPP solutions provides the necessary tools to protect cloud-based applications, ensuring data security and regulatory compliance. According to the Eurostat report, around 42.5% of EU enterprises bought cloud computing services in 2023, mostly for e-mail, storage of files and office software. This shift toward the adoption of cloud services increases the need for robust security solutions to mitigate data breaches and secure sensitive user data.

Also, the growing number of advanced cyber-attacks targeting cloud native environments is driving organizations to adopt CNAPP solutions, thus boosting the market growth. CNAPP tools offer comprehensive security features tailored to cloud-native applications, providing businesses to protect against unwanted data breaches and ensuring safety of their digital assets.

Between 2022 and 2023 there was a significant growth in data breach incident, from 1802 data compromised in 2022, it rose to 3205 in 2023, registering a huge 78% increase. These breaches pose significant risks to sensitive data and business operations, making it crucial for companies to adoption sophisticated security solutions.

However, the high initial investment along with regular maintenance cost associated with the integration of cloud-native application protection platforms are restraining the growth of the market.

On the other hand, the integration of service mesh technology into CNAPPs to provide enhanced security, observability, and traffic management capabilities is expected to create ample growth opportunities for the market in the future.

Market Segmentation and Scope of Study

The global cloud-native application protection platforms market report is segmented on the basis of offering, cloud type, organization vertical, and region. Based on offering, the market is classified into software and services. Based on the cloud type, the market is segmented into public cloud and hybrid cloud. On the basis of industry vertical, the market is categorized into BFSI, healthcare, retail, IT and telecommunication, manufacturing, and others. Geographical breakdown and analysis of each of the aforesaid classifications include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the global cloud-native application protection platforms market share and is potently expected to remain dominant throughout the forecast period. This is attributed to the increasing number of data breaches in the region along with the rising need to protect against evolving cyber threats and to meet compliance requirements.

As per the Identity Theft Research Center (ITRC) Annual Data Breach Report, in 2023 the number of data breaches reached record high of 72% growth from previous year. This surge in number highlights the emergence of advanced security solutions within organizations to protect sensitive consumer information and streamline data optimization.

Moreover, the presence of major market players such as Zscaler that are adoption strategies including acquisition are further fueling the cloud-native application protection platforms market expansion. 

For instance, in September 2022, Zscaler, Inc. acquired ShiftRight, to integrate ShiftRight’s workflow automation technology into the Zscaler Zero Trust Exchange cloud security platform to automate security management for the growing influx of risks and incidents organizations are experiencing. This integration aims to provide a simple, sophisticated solution to reduce incident resolution time dramatically. 

On the other hand, Asia Pacific shows substantial growth in the global cloud-native application protection platforms market trends, owing to the booming e-commerce industry in the region, producing significant volume of data including payment information and personal details. 

As per the latest report published by the International Trade Administration, B2B e-commerce industry is growing at 15% on average annually, which is higher than the global average of 14.5% gross merchandise value growth annually. 

Thus, to protect such sensitive information from data breaches and manipulation, various businesses are adopting advanced security measures including CNAPP solutions to enhance data safety and security, which in turn boosts the cloud-native application protection platforms market growth.

Furthermore, the rising investment in artificial intelligence (AI) and Internet of Things (IoT) across various countries such as China and Japan are creating complex and interconnected cloud native environments. 

To protect these sophisticated platforms from cyber-attacks, the cloud-native application protection platforms market demand in the region is growing fast. As per report published by the World Economic Forum, China’s AI market is estimated to exceed USD 61 billion by 2025. 

According to OECD data, venture capitalists invested around USD 120 billion in the AI ecosystem of China. CNAPP solutions provide high tech data security to safeguard AI and IoT applications, ensuring smooth operations and enhanced data security.

Competitive Landscape

Various market players operating in the cloud-native application protection platforms industry include Check point software technologies Ltd., Trend Micro Inc., Palo Alto Networks Inc., CrowdStrike Holdings, Inc., Fortinet, Forcepoint, Proofpoint Inc., Radware, Zscaler, Sophos Group plc, Aqua Security Software Ltd., Cequence Security, Inc., Illumio, Runecast Solutions Ltd., and Data Theorem Inc. These key players are adopting various strategies such as product launches to maintain their dominance in the global CNAPP market.

For instance, in August 2022, Trend Micro launched unified security platform for its cloud-native application protection platform, aimed at enhancing security for DevOps teams. This product launch directly impacted the CNAPP industry by providing advanced tools to safeguard cloud-native applications throughout their lifecycle.

Also, in February 2021, Check point software technologies Ltd., launched ‘CloudGuard Application Security’ (AppSec), a fully automated web application and API protection solution, enabling enterprises to secure all their cloud-native applications against both known and zero-day attacks.

Key Benefits

• The report provides quantitative analysis and estimations of the cloud-native application protection platforms market from 2024 to 2030, which assists in identifying the prevailing industry opportunities.

• The study comprises a deep-dive analysis of the current and future cloud-native application platforms market trends to depict prevalent investment pockets.

• Information related to key drivers, restraints, and opportunities and their impact on the cloud-native application protection platforms market is provided in the report.

• Competitive analysis of the key players, along with their market share is provided in the report.

• SWOT analysis and Porter’s Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of stakeholders.

Cloud-Native Application Protection Platforms Market Key Segments

By Offering

• Software

• Services

By Cloud Type

• Public Cloud

• Hybrid Cloud

By Industry Vertical

• BFSI Healthcare

• Retail

• IT and Telecommunication

• Manufacturing

• Others

By Region

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• Rest of the World (RoW)

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 9.20 Billion
Revenue Forecast in 2030	USD 33.53 Billion
Revenue Growth Rate	CAGR of 20% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	The increase in the adoption of cloud-based services driving the market growth. The growing number of advanced cyber-attacks fuels the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Check Point Software Technologies Ltd. 

• Trend Micro Inc. 

• Palo Alto Networks Inc.

• CrowdStrike Holdings, Inc. 

• Fortinet 

• Forcepoint 

• Proofpoint Inc. 

• Radware 

• Zscaler 

• Sophos Group plc 

• Aqua Security Software Ltd. 

• Cequence Security, Inc. 

• Illumio 

• Runecast Solutions Ltd. 

• Data Theorem Inc.