Market Leader - Cloud-native Application Protection Platform (CNAPP) Market
MarketsandMarkets forecasts that the global CNAPP market would grow from an estimated USD 7.8 billion in 2022 to USD 19.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.9% from 2022 to 2027. Increasing cyber threats and adoption of BYOD and remote work options among SMEs are some of the factors driving the market growth.
What is Cloud-Native Application Protection Platform?
According to MarketsandMarkets, CNAPP combines the capabilities of cloud security components such as CSPM, CWPP, Kubernetes Security Posture Management (KSPM), API discovery and protection, and serverless security into one single platform.
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Competitive overview:
The CNAPP market is led by some globally established players, such as Check Point, Trend Micro, Palo Alto Networks, CrowdStrike, Fortinet, and others. These players have adopted various growth strategies, such as partnerships, agreements, collaboration, acquisitions, and product developments, to increase their market presence.
Check Point is a leading provider of cybersecurity solutions. It provides solutions that help protect customers from fifth-generation cyber-attacks and has an industry-leading catch rate of malware, ransomware, and advanced targeted threats. The company provides solutions for cloud security, network security, users and access security, and security operations. It offers Quantum for network security, CloudGuard for cloud security, Harmony for securing users and access, and Horizon for unified management and security operations. In the CNAPP market, it provides CloudGuard. CloudGuard offers customers actionable security insights for public clouds, workloads, identities, and applications, covering the entire development lifecycle from pipeline security through build and runtime.
Apart from large vendors, some SMEs, and startups, such as Aqua Security, Cequence Security, Illumio, and Banyan Cloud are also evolving in the CNAPP market.
Another important player in the CNAPP market is Aqua Security. Aqua Security is a cybersecurity company that helps enterprises secure their cloud-native, container, and serverless applications. The company provides products and solutions for software supply chain security, container security, Kubernetes security, CSPM, vulnerability scanning, container security, serverless security, and VM security. In the CNAPP market, it provides the Aqua Platform. The Aqua Platform enables prevention, detection, and response automation across the entire application lifecycle, to secure the supply chain, secure cloud infrastructure, and secure running workloads wherever they are deployed.
According to MnM’s market evaluation framework, most companies opt for inorganic growth strategies to maintain their position in the market. The number of deals increased by around 50-60% relatively in the period of 2020-2021. These deals collectively include partnerships, acquisitions, collaborations, and alliances. Due to the COVID-19 outbreak, there was a sudden decline in product launches and business expansion activities. However, from 2021 onward, companies are expected to follow organic growth strategies to provide CNAPP platform and services to end users, which, on the other hand, would help companies in increasing their market revenue.
Related Reports:
Cloud-native Application Protection Platform (CNAPP) Market by Offering (Platform, Professional Services), Cloud Type (Public Cloud, Hybrid Cloud), Organization Size, Vertical (BFSI, Healthcare, IT and ITeS) and Region - Global Forecast to 2027
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