Global Cloud-native Application Protection Platform Market Size to Exceed USD 59.05 Billion By 2033 | CAGR of 20.17%
Category: Information & TechnologyGlobal Cloud-native Application Protection Platform Market Size to Exceed USD 59.05 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Cloud-native Application Protection Platform Market is Expected to Grow from USD 9.40 Billion in 2023 to USD 59.05 Billion by 2033, at a CAGR of 20.17% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 130 Market data tables and figures & charts from the report on the " Global Cloud-native Application Protection Platform Market Size, Share, and COVID-19 Impact Analysis, By Offering (Platform and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs and Large Enterprises), By End-use (BFSI, Healthcare, Retail & E-commerce, Telecom, IT & ITES, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/cloud-native-application-protection-platform-market
The cloud-native application protection platform market refers to a security and compliance solutions that helps teams develop, deploy, and run secure cloud-native applications in highly automated, dynamic public cloud settings. Better security team collaboration with DevOps and developers is also made possible by CNAPPs. CNAPP is a new class of cloud security platform that combines capabilities like data protection, CSPM, CIEM, IAM, and CWPP. The market growth is driven by the rising demand for comprehensive security and the increasing adoption of cloud-native technologies. These solutions provide total protection for cloud workloads, containers, and distributed settings. Because securing modern applications is so complex and traditional methods are insufficient, organizations are turning to CNAPPs. Due to a surge in cyber threats, businesses are being pushed to prioritize security to secure data and attract customers. DevSecOps is used to further enhance CNAPP integration throughout development cycles. CNAPPs are also being used by organizations to stay in compliance and stay out of trouble due to regulatory trouble. However, the market growth is hindered by the shortage of skilled professionals continues to hinder CNAPP adoption despite rising demand. Bridging this talent gap is essential for successful cloud transformation and secure operations.
The platform segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the offering, the cloud-native application protection platform market is categorized into platform and services. Among these, the platform segment accounted for the largest share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the CNAPP streamlines cloud security by combining many security solutions onto a single platform. It encourages secure development, increases visibility, and reduces misconfigurations across the CI/CD lifecycle. CNAPP lowers operational complexity by combining monitoring and reacting. Thus, it protects cloud-native environments against ever-changing threats.
The public segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the deployment, the cloud-native application protection platform market is categorized into private, public, and hybrid. Among these, the public segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be attributed to the public cloud adoption rise, and the need for robust, all-encompassing security solutions grows. Businesses are implementing automation, zero-trust models, and real-time threat detection to safeguard data. These developments ensure better security and compliance in dynamic cloud environments.
The large enterprises segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the enterprise size, the cloud-native application protection platform market is categorized into SMEs and large enterprises. Among these, the large enterprises segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The SMEs segmental growth can be attributed to the need for CNAPP solutions has increased significantly. The rise of remote work practices and heightened vulnerability to cyber threats have made security a top priority. CNAPP solutions offer scalable, reasonably priced security that can be adjusted to accommodate evolving cloud infrastructures. FortiCNP and other technologies demonstrate how integrated tools enhance security and operational efficiency.
The BFSI segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period.
Based on the end use, the cloud-native application protection platform market is categorized into BFSI, healthcare, retail & e-commerce, telecom, IT & ITES, and others. Among these, the BFSI segment accounted for the majority of the share in 2023 and is estimated to grow at a remarkable CAGR during the forecast period. The segmental growth can be propagated to the financial institutions are rapidly embracing cloud-based solutions because of their cost-effectiveness, scalability, and flexibility. This shift has been accelerated by the trend toward remote employment, making strong security measures more crucial than ever. CNAPPs offer vital protection against internet threats while ensuring regulatory compliance. CNAPPs are therefore becoming more and more crucial to the security of cloud environments in the BFSI sector.
North America is anticipated to hold the largest share of the global cloud-native application protection platform market over the projected timeframe.
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North America is anticipated to hold the largest share of the global cloud-native application protection platform market over the projected timeframe. The region's growth is attributed to the expanding adoption of cloud computing by companies across multiple industries. The region's advanced IT infrastructure and swift digital transformation efforts have created a high demand for robust cloud security solutions. Important factors influencing the market are stringent legal frameworks that mandate stringent data protection practices, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
Asia Pacific is estimated to grow at the fastest CAGR of the global cloud-native application protection platform market during the forecast period. In these regions, the emerging economies, cloud computing and digitization are becoming more and more common. Countries like China, India, and Japan are in the forefront of this boom, propelled by expanding IT sectors and significant investments in cloud infrastructure. Cloud services are being used by an increasing number of SMEs to increase operational efficiency, and cybersecurity is becoming more and more significant.
Major vendors in the global cloud-native application protection platform market are Check Point, Trend Micro, Accuknox, Palo Alto Networks, Banyan Cloud, Palo Alto Networks, Ermetic, CrowdStrike, Wiz.io, Fortinet, Caveonix, Radware, Tigera, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2023, offers complete end-to-end lifecycle protection, from development to production, which improves the security of cloud-native applications. Advanced capabilities for contemporary, hybrid cloud applications are provided by the new Attack Path Engine and integrated visual dashboard, which simplify security for serverless, containerized, Kubernetes, and API environments. With this innovation, Cisco's end-to-end security strategy has advanced significantly, guaranteeing strong, scalable protection for vital business applications.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cloud-native application protection platform market based on the below-mentioned segments:
Global Cloud-native Application Protection Platform Market, By Offering
- Platform
- Services
Global Cloud-native Application Protection Platform Market, By Deployment
- Private
- Public
- Hybrid
Global Cloud-native Application Protection Platform Market, By Enterprise Size
- SMEs
- Large Enterprises
Global Cloud-native Application Protection Platform Market, By End-use
- BFSI
- Healthcare
- Retail & E-commerce
- Telecom
- IT & ITES
- Others
Global Cloud-native Application Protection Platform Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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