Global Cloud Native Application Protection Market is Estimated To Reach $14.35 Billion By 2032 By CIOTechOutlook Team

Global Cloud Native Application Protection Market is Estimated To Reach $14.35 Billion By 2032

CIOTechOutlook Team | Thursday, 06 July 2023, 03:35 IST

Market size for Cloud Native Application Protection Platform was evaluated at USD 5.48 billion in 2022 and is projected to grow to USD 14.35 billion by 2032, with a CAGR of nearly 10.1% during that period. The market for cloud-native application protection platforms has expanded as a result of the significant increase in cyber threats in recent years. There is a significant rise in demand for CNAPP across many sectors, including BFSI, healthcare, retail, e-commerce, and telephony.

Cloud-native application protection platforms have been created to protect cloud-native solutions at every stage of their lifetime, from development to production. These platforms provide many different security and compliance features.

By connecting with CI/CD pipelines and securing on-premises and private cloud environments, CNAPPs may proactively scan for, identify, and resolve security and compliance issues throughout the development lifecycle. Since CNAPPs place less of an emphasis on runtime security, they are especially useful in situations involving serverless functions and container services. By avoiding improper configuration of components like secrets, containers, Kubernetes clusters, and cloud workloads, these platforms help lower risks.

Due to businesses' increasing use of CSPM, the solution segment is predicted to dominate the market for cloud-native application protection platforms. Its capacity to provide comprehensive controls and support for multi-cloud setups is principally responsible for this. Furthermore, it is anticipated that various companies' efforts to incorporate cutting-edge technologies into CSPM to enhance network security solutions and systems will fuel the growth of the market for cloud-native application protection platforms.