The cloud native application protection platform (CNAPP) market has reached USD700 million in the second quarter of 2024, according to the Dell’Oro Group. This represents a 42% year-on-year growth. The growth reflects enterprises’ focus on securing cloud workloads across development, deployment, and runtime phases as they scale multi-cloud operations and integrate AI-driven processes.
“The 42% growth of the CNAPP market in 2Q 2024 underscores the urgent need for comprehensive cloud security as enterprises scale multi-cloud and AI-driven operations,” said Dell’Oro Group’s Mauricio Sanchez. “Organisations are increasingly recognising CNAPP’s value, and we see ample opportunities for vendors to deliver integrated solutions and drive innovation in this expanding market.”
Additional highlights from the November 2024 Cloud Workload Security Advanced Research Report include:
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Runtime security accounted for over half of the CNAPP market in 2Q 2024, underscoring the importance of real-time protection and monitoring as enterprises embrace the cloud;
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Deployment security was the fastest-growing CNAPP sub-segment in 2Q 2024, representing about one-third of the market. Growth in this area reflects a strong demand for visibility and compliance solutions tailored for multi-cloud environments;
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Palo Alto Networks sustained its revenue leadership in 2Q 2024, maintaining the top position for 22 consecutive quarters;
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Wiz and CrowdStrike posted notable growth rates of 94% and 78%, respectively, in a tightening race for the number one revenue position; and
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Increased vendor partnerships and AI-driven capabilities highlight an evolving CNAPP market, aiming to secure the entire lifecycle of cloud workloads across diverse environments.
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Manufacturers’ CNAPP revenue by region, including North America; Europe, Middle East, and Africa; Asia Pacific; China; and Caribbean and Latin America, and
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CNAPP revenue by development, deployment, and runtime technologies
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CNAPP five-year revenue forecast by region, and
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CNAPP five-year revenue forecast by development, deployment, and runtime technologies.
