Cloud Native Application Protection Platform Market to cross $30 Bn by 2032, Says Global Market Insights Inc.
Major cloud native application protection platform market participants include Palo Alto Networks, Crowdstrike, Fortinet, Checkpoint, Emertic, Wiz and Aqua security.
Selbyville, Delaware, March 28, 2023 (GLOBE NEWSWIRE) —
cloud native application protection platform market valuation is predicted to be worth USD 30 billion by 2032, as reported in a
Based on application, the CNAPP market from BFSI segment will hold USD 5 billion by 2032. Banks and financial institutions are rapidly transitioning to cloud services to keep up with rising transaction volumes, consumer expectations, and competitive threats. Recently, in September 2022, Lacework, the data-driven cloud security company, partnered with Avenue Bank, an Australian digital business bank focused on next-generation cash flow solutions for small and medium-sized enterprises, to assist the bank in building its system securely in the cloud. Furthermore, the COVID-19 pandemic accelerated the migration toward cloud among BFSIs, which is foreseen to positively influence the industry scenario.
The Europe cloud native application protection platform market will valued at USD 10 billion by 2032, attributed to the growing support from government organizations for enhanced security and substantial investments in smart technologies. To cite an instance, in March 2022, the EU Commission proposed an Information Security Regulation to establish a minimum set of security guidelines to strengthen and standardize how EU public entities defend themselves against increasing cyber threats. Furthermore, geopolitical conditions, notably the Russia-Ukraine conflict, are fostering alarming cyber activities, cyber warfare, hacktivism, and malicious cyberattacks in European countries.
Prominent participants operating across the cloud native application protection platform market include Palo Alto Networks, Crowdstrike, Fortinet, Checkpoint, Emertic, Wiz and Aqua security. These businesses that specialize in cybersecurity solutions are emphasizing product innovation to integrate the latest cyber security capabilities into their products to reduce the risk of new cyber threats.
In a recent instance, in January 2023, Check Point Software Technologies Ltd., a market-leading provider of cybersecurity solutions, upgraded its Check Point CloudGuard CNAPP with a new risk-management engine, agentless scanning, entitlement management, smart risk prioritization, and pipeline security.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Cloud Native Application Protection Platform (CNAPP) 360° synopsis, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Cloud trends
2.6 Organization Size trends
2.7 Application trends
Chapter 3 Cloud Native Application Protection Platform (CNAPP) Market Industry Insights
3.1 Introduction
3.2 Impact of COVID-19
3.2.1 North America
3.2.2 Europe
3.2.3 Asia Pacific
3.2.4 LAMEA
3.3 Russia- Ukraine war impact
3.4 Industry ecosystem analysis
3.4.1 Platform providers
3.4.2 Service provider
3.4.3 System integrators
3.4.4 Distribution channel analysis
3.4.5 End-users landscape
3.4.6 Profit margin analysis
3.4.7 Vendor matrix
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key initiative and news
3.8 Regulatory landscape
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 LAMEA
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Surge in the adoption of Cloud-Based Solutions
3.9.1.2 Organizations are integrating a CNAPP into their overall security strategy
3.9.1.3 Growing acceptance of the BYOD concept
3.9.1.4 Increasing instances of cloud-based Cyberattacks and Security Breaches
3.9.1.5 Increasing demand for high-speed connectivity for data transfer
3.9.2 Industry pitfalls & challenges
3.9.2.1 Limited awareness about the Cloud Native Application Platform
3.9.2.2 Inadequate technical knowledge to build and manage CNAPP
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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