Cloud Native Application Protection Platform Market Trends

Growth Drivers

• Companies Using BYOD and Remote Working Substitutes - Cloud based technologies enable employees to work from home from their personal devices while at the same time being connected to office servers. Due to the growing popularity of Public Cloud solutions and BYOD legislation, businesses are beginning to shift their deployment paradigm. The Work from Home and Bring Your Own Device initiatives are rapidly being adopted by organizations. Remote employment helps to promote overall health and allows businesses to counter the loss of productivity.
• Integration of Cloud Based Technologies - The development of new machine learning and AI capabilities and the facilitation of more productive work is facilitated by cloud-based solutions. In order to protect endpoints and data centers, not cloud-native applications and services, traditional security methods and solutions have been developed. Security teams must be able to detect security problems and vulnerabilities at the earliest stage of development, rapidly solve them as well as guarantee reliable protection when using cloud technologies.

Challenges

• Lack of Technical Education Availability - For the deployment and maintenance of the CNAPP solution, technical expertise and experience are required. However, businesses have begun to employ security managers with insufficient training and experience over the last few years. Advanced cloud and security capabilities are more in demand than ever, but there is a severe shortage of certified, competent workers to support this shift, particularly in non-tech-related businesses, as per Forbes study from 2020 titled The Cloud Talent Drought Continues.
• Complexities associated with cloud-native application protection platform are expected to hinder the CNAPP market growth in the forecast period
• Lack of skilled labor is expected to hamper the market expansion in the upcoming period.