Cloud Native Application Protection Market Share

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.