Cloud computing has become an integral part of the modern business landscape, offering numerous benefits in terms of scalability, flexibility, and cost-efficiency. However, as more and more organizations embrace the cloud, the security risks associated with it have also increased. One of the major challenges faced by businesses today is protecting their cloud-native applications from a growing number of cyber threats. To address this challenge, application protection platforms have emerged as a key solution. In this article, we will analyze the market for application protection platforms for cloud-native applications.
Market Overview: The global market for application protection platforms for cloud-native applications is expected to grow significantly in the coming years, driven by the increasing adoption of cloud computing and the growing need for secure cloud-native applications. According to a report by MarketsandMarkets, the market size for cloud-native application protection platforms is expected to reach USD 11.9 billion by 2026, growing at a CAGR of 30.9% from 2021 to 2026.
Key Drivers: The increasing number of cyber threats, the rise of cloud-native applications, and the need for compliance with data protection regulations are some of the key drivers of the market for application protection platforms for cloud-native applications. Additionally, the increasing adoption of microservices, containers, and serverless architectures in cloud-native applications is also driving the demand for application protection platforms.
Key Players: The market for application protection platforms for cloud-native applications is highly competitive, with several key players operating in the market. Some of the leading players in the market include Aqua Security, Palo Alto Networks, Trend Micro, Symantec, Check Point Software Technologies, and F5 Networks.
Market Segmentation: Based on the deployment mode, the market for application protection platforms for cloud-native applications can be segmented into public cloud, private cloud, and hybrid cloud. Based on the component, the market can be segmented into solutions and services. The solutions segment can be further divided into security analytics, runtime protection, and vulnerability management. Based on the organization size, the market can be segmented into small and medium-sized enterprises (SMEs) and large enterprises. Based on the industry vertical, the market can be segmented into BFSI, healthcare, government and public sector, retail, IT and telecom, and others.
Conclusion: In conclusion, the market for application protection platforms for cloud-native applications is expected to grow significantly in the coming years, driven by the increasing adoption of cloud computing and the growing need for secure cloud-native applications. The key drivers of the market include the increasing number of cyber threats, the rise of cloud-native applications, and the need for compliance with data protection regulations. The market is highly competitive, with several key players operating in the market. The market can be segmented based on deployment mode, component, organization size, and industry vertical.
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.