Cloud security has become a top priority for organizations as they increasingly adopt cloud-native technologies for their applications. Next-generation cloud security solutions are needed to address the unique security challenges associated with cloud-native applications. One such solution is application protection platforms (APPs) designed specifically for cloud-native applications. In this article, we will discuss the key findings of a market research report on APPs for cloud-native applications.
Market Overview: According to the market research report, the global market for APPs for cloud-native applications is expected to grow at a compound annual growth rate (CAGR) of 24.6% from 2021 to 2026. The market is being driven by the increasing adoption of cloud-native technologies, the growing number of cyber threats, and the need for automated and scalable security solutions.
Market Segmentation: The market research report segments the APP market into various types of solutions, deployment modes, verticals, and regions. Based on the type of solution, the market is segmented into web application firewall (WAF), runtime application self-protection (RASP), and bot management solutions. Based on deployment mode, the market is segmented into on-premises and cloud-based solutions. Based on verticals, the market is segmented into banking, financial services, and insurance (BFSI), healthcare, retail, government, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Key Findings: The market research report provides several key insights into the APP market for cloud-native applications. One of the key findings is that the WAF segment is expected to hold the largest market share during the forecast period. Another key finding is that the cloud-based deployment mode is expected to grow at a higher CAGR than the on-premises deployment mode. The report also highlights the BFSI vertical as a major adopter of APPs due to the sensitive nature of their data and the high risk of cyber threats. Additionally, the report notes that North America is expected to hold the largest market share during the forecast period, followed by Europe and Asia Pacific.
Challenges: Despite the rapid growth of the APP market for cloud-native applications, there are also several challenges that need to be addressed. One of the major challenges is the complexity of cloud-native applications, which makes them more difficult to secure. Another challenge is the lack of standardization in the market, which can make it difficult for organizations to choose the right APP for their needs.
Conclusion: In conclusion, the market for APPs for cloud-native applications is expected to grow rapidly in the coming years, driven by the increasing adoption of cloud-native technologies and the growing number of cyber threats. The key findings of the market research report highlight the importance of WAF solutions, cloud-based deployment modes, and the BFSI vertical. However, the market also faces several challenges, including the complexity of cloud-native applications and the lack of standardization in the market. As organizations continue to adopt cloud-native technologies, it will be important for them to carefully evaluate their security needs and choose the right APP for their needs.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Market Insight Lab journalist was involved in the writing and production of this article.