CNAPP Market To Generate Revenue Worth $33,723.4 Million by 2030

The global CNAPP market size is projected to reach USD 33,723.4 million by 2030, advancing at a CAGR of 20.0% during 2024–2030. The platform is expected to witness widespread adoption in the coming years, attributed to factors such as the rising usage of cloud-based servers and the increasing number of cyberattacks across industries such as BFSI, retail & e-commerce, IT and telecommunication, and healthcare. This has influenced enterprises to take active measures and provide security for workloads, data, and infrastructure in public, private, and hybrid cloud environments.

Moreover, multiple benefits of the cloud such as storing capabilities, usability and accessibility, security, low maintenance, and high flexibility make it an obvious choice for businesses to shift their capabilities online. The other features such as storing information give better results in terms of cost saving and higher returns. This is driving the demand for cloud-native application protection platforms that replace several independent tools with a single all-rounded security solution.

Public Cloud Dominates the Industry

The public cloud category is expected to dominate the market in the forecast period. This can be because of its low cost, as there is no requirement for the purchase of any hardware or software. The software, servers, hardware, and other related infrastructure are owned by third-party providers and managed by the requisite authority. Also, the public cloud deployment service is mostly being used for online offices, web-based email, applications, storage, and testing and development environments.

Moreover, the pay-as-you-go model is followed, in which users pay only for the services used, and service providers are required to provide service maintenance and help users save time and cost. The model enables enterprises to scale as per the business need, thus organizations can leverage this application to enhance their capabilities. Also, the service is highly reliable as the availability of multiple servers ensures privacy and security and safeguards against failure. Further, companies can use automated backing-up data and applications while regulatory requirements are in check. Thus, these factors are driving the market growth in this category. 

North America Is the Market Leader

The North American market generated the largest revenue, of USD 5.2 Billion, in 2023, and it is expected to advance at a growth rate of 19.8% during 2024–2030. This is because the region is the global technology hub that has given rise to a new ecosystem, creating a conducive environment for tech innovations to flourish and permeate across industries. Some other major factors fuelling the market growth include the surging investments by companies in artificial intelligence, cloud computing, and big data.

On the other hand, the APAC market is projected to register a decent growth rate during the forecast period. This is because countries like China, India, Japan, South Korea, and Singapore are at the forefront of technological advancements, and the business scenario in the aforementioned countries is rapidly evolving. With investments in cloud computing, data & analytics, internet of things, and artificial intelligence have shifted the focus of businesses to adopt time and cost-saving technologies. Thus, the requirement for CNAPP has increased, with enterprises using cloud computing for not only storing and securing data but also generating insights for businesses in the region.

Major players operating in the market include Check Point Software Technologies Ltd., Trend Micro Incorporated, Palo Alto Networks, CrowdStrike, Fortinet Inc., Radware Ltd., Zscaler Inc., Sophos Ltd., Aqua Security Software Ltd., and Cequence Security Inc.