Cloud Native Application Protection Market Size

Cloud-native Application Protection Platform Market size is anticipated to surpass USD 350 Billion by the end of 2036, growing at a CAGR of 20% during the forecast period i.e., 2024-2036.In the year 2023, industry size of cloud-native application protection platform was USD 27 Billion. As enterprises use more cloud providers, applications, and resources, their cloud infrastructures have become even more complex. Furthermore, the market is expanding due to rising incidences of cyberattacks. The Lockbit ransomware attack, which caused six terabytes of data to be stolen in August 2021, has hit the worldwide IT consulting firm Accenture's network. Most security solutions do not have the end-to-end visibility needed to effectively assess risks and notify security teams of sophisticated cyberattacks, enabling them to manage them.

CNAPP stands out from the rest because of its ability to aggregate data and create end-to-end visibility across an organization's application infrastructure. It can prioritize alerts that could pose a risk to enterprises with an encrypted system for visibility and granular details of the technology stack, configuration, or identity. This factor is thus boosting demand for CNAPP market.