Cloud-native Application Protection Platform Market size is anticipated to surpass USD 350 Billion by the end of 2036, growing at a CAGR of 20% during the forecast period i.e., 2024-2036.In the year 2023, industry size of cloud-native application protection platform was USD 27 Billion. As enterprises use more cloud providers, applications, and resources, their cloud infrastructures have become even more complex. Furthermore, the market is expanding due to rising incidences of cyberattacks. The Lockbit ransomware attack, which caused six terabytes of data to be stolen in August 2021, has hit the worldwide IT consulting firm Accenture's network. Most security solutions do not have the end-to-end visibility needed to effectively assess risks and notify security teams of sophisticated cyberattacks, enabling them to manage them.
CNAPP stands out from the rest because of its ability to aggregate data and create end-to-end visibility across an organization's application infrastructure. It can prioritize alerts that could pose a risk to enterprises with an encrypted system for visibility and granular details of the technology stack, configuration, or identity. This factor is thus boosting demand for CNAPP market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~20% |
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Base Year Market Size (2023) |
~USD 27 billion |
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Forecast Year Market Size (2036) |
~USD 350 billion |
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Regional Scope |
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Type (Public Cloud, Hybrid Cloud)
Based on cloud type, the hybrid segment is anticipated to hold 80% share of the global cloud-native application protection platform market by 2036. The increase in segmental activity can be attributed to the widespread implementation of hybrid cloud by various organizations around the world for improved business efficiency, user experience, and resource consumption. In order to improve business efficiency, resource consumption, cost-effectiveness, user experience, and application modernization while maximizing benefits, a growing number of companies are increasingly emphasizing the creation of hybrid cloud models and sophisticated strategies.
Component [Solution, Services] {Solution (Cloud Security Posture Management, Cloud Workload Protection Platform, Infrastructure as a Code, Identify Based Security and Cloud Infrastructure Entitlement Management)}
In terms of solution, the cloud security posture management segment in the cloud-native application protection platform market is anticipated to hold 30% of the revenue share by 2036. The growth is due to the increased use of CSPM by companies, as it provides more rigorous controls and a multi-cloud capability. In addition, companies are working towards integrating cutting-edge technology in CSPM so as to provide better network security solutions and systems which will likely be a driver for CNAPP market growth. Microsoft recently launched two new preview services for the Microsoft Defender cloud security platform, which are aimed at reducing security vulnerabilities and responding to attacks, in October 2022, called Microsoft Defender for DevOps and Microsoft Defender CSPM.
Our in-depth analysis of the global cloud-native application protection platform market includes the following segments:
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Offering |
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Cloud Type |
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Vertical |
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Organization Size |
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Component |
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Solution |
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North American Market Forecasts
The cloud-native application protection platform market in the North America is estimated to hold a revenue share of 58% during the forecast period. This is due to the presence of major industry players and strict regulations, Innovation in this field, and the world's center of technology. In addition, there are some of the world's most important technology firms that have millions of sensitive data at their disposal and which serve as a catalyst for CNAPP use. The growing cases of payment security concerns and data breaches, as well as the increased compliance with Payment Regulation in the region, are some other important factors that contribute to CNAPP market growth for CNAPP. Ransomware, business email compromise, and cases involving cryptocurrencies, which reached an unprecedented level, were the most reported incidents and complaints in 2021. More than 800,000 cybercrime cases were reported in 2021 by the American public as per reports, from 2020 onwards, the increase will be around 7%, resulting in a loss of more than USD 6.5 billion.
APAC Market Statistics
The cloud-native application protection platform market in the Asia Pacific region is set to grow notably during the forecast period. It could be that technological innovation is being driven by countries such as China, India, Japan and South Korea. The reliance on cloud computing, data analysis, and the Internet of Things is growing strongly in the region, in a rapidly evolving and dynamic business environment, where companies are taking advantage of new business opportunities. By using new technologies, companies are also focusing on cost benefits, business efficiency, and competitive advantages.
Author Credits: Abhishek Verma, Hetal Singh
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