Multi-cloud and AI-based security capabilities are driving the market to approx 700 million dollars
Redwood City, California., November 6, 2024 /PRNewswire/ — According to a recently published report from Del Oro Group, the trusted source for market intelligence on the telecommunications, security, networking and data center industries, the Cloud Native Application Protection Platform (CNAPP) market has reached approx. 700 million dollars In the second quarter of 2024, achieving an impressive 42 percent year-on-year growth. This acceleration reflects organizations' focus on securing cloud workloads across development, deployment, and runtime phases while scaling multi-cloud operations and integrating AI-driven operations.
“The 42 percent growth in the CNAPP market in Q2 2024 underscores the urgent need for end-to-end cloud security as organizations scale multi-cloud and AI-driven operations,” he said. Mauricio Sanchezsenior director of enterprise and network security at Dell'Oro Group. “Organizations are increasingly recognizing the value of CNAPP, and we see significant opportunities for vendors to provide integrated solutions and drive innovation in this expanding market,” Sanchez added.
Additional features of November 2024 Cloud Workload Security Advanced Research Report:
Runtime security accounted for more than half of the CNAPP market in Q2 2024, underscoring the importance of real-time protection and monitoring as organizations embrace the cloud. Deployment security was CNAPP's fastest-growing subsector in Q2 2024, representing about a third of the market. Growth in this area reflects strong demand for visibility and compliance solutions designed for multi-cloud environments. Palo Alto Networks maintained its revenue leadership in the second quarter of 2024, maintaining the top spot for 22 consecutive quarters. Wiz and CrowdStrike recorded remarkable growth rates of 94 percent and 78 percent, respectively, in a tight race for the top spot in revenue. Increasing vendor partnerships and AI-driven capabilities highlight the evolving CNAPP market, with the goal of securing the full lifecycle of cloud workloads across diverse environments.
About the report
Dell'Oro Group's Advanced Cloud Workload Security Research Report provides a complete industry overview of the CNAPP market from 2019 onwards. The report includes the following quarterly data tables:
CNAPP Manufacturers Revenue by Region – north americaEurope, Middle East and Africa (Europe, The Middle Eastand Africa), Asia Pacific except China, ChinaAnd calla (Caribbean and latin america.CNAPP revenues through development, deployment, and runtime technologies.
The report includes the following annual data tables:
CNAPP five-year revenue forecasts by region. CNAPP five-year revenue forecast by development, deployment, and runtime technologies.
To purchase this report, please contact us at dgsales@delloro.com.
About Dell'Oro Collection
Dell'Oro Group is a market research firm specializing in strategic competitive analysis in the telecommunications, security, enterprise networking and data center markets. Our company provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit https://www.delloro.com.
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SOURCE Dell'Oro Group
