The Global Cloud Workload Protection Platform Market size is expected to reach $13.2 billion by 2030, rising at a market growth of 22.3% CAGR during the forecast period.
Compliance management features contribute to an organization's overall security posture by enforcing security policies and controls. Therefore, the compliance management segment captured $2,733.6 million revenue in the market in 2022. CWPP solutions assist companies in establishing a baseline for security procedures by complying with industry regulations, hence mitigating the risk of security incidents and data breaches. Compliance management features include the generation of audit trails and comprehensive reports. This assists organizations in demonstrating compliance during regulatory audits. The ability to provide detailed documentation of security measures and activities contributes to transparency and trust, essential elements in regulatory compliance.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2023, Orca Security Ltd. extended its partnership with Google LLC, to combine the Orca Cloud Security platform of Orca Security with several Google security products. Additionally, In May, 2022, Broadcom Inc. completed the acquisition of VMware, Inc. Through this acquisition, the Broadcom Software portfolio was combined with the VMware platform to provide critical infrastructure solutions to the customers.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trend Micro, Inc., Palo Alto Networks, Inc., Broadcom, Inc., SentinelOne, Inc., Microsoft Corporation, Trellix (Symphony Technology Group), Orca Security Ltd., Sysdig, Inc., Check Point Software Technologies Ltd., and Cisco Systems, Inc.
Compliance management features contribute to an organization's overall security posture by enforcing security policies and controls. Therefore, the compliance management segment captured $2,733.6 million revenue in the market in 2022. CWPP solutions assist companies in establishing a baseline for security procedures by complying with industry regulations, hence mitigating the risk of security incidents and data breaches. Compliance management features include the generation of audit trails and comprehensive reports. This assists organizations in demonstrating compliance during regulatory audits. The ability to provide detailed documentation of security measures and activities contributes to transparency and trust, essential elements in regulatory compliance.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2023, Orca Security Ltd. extended its partnership with Google LLC, to combine the Orca Cloud Security platform of Orca Security with several Google security products. Additionally, In May, 2022, Broadcom Inc. completed the acquisition of VMware, Inc. Through this acquisition, the Broadcom Software portfolio was combined with the VMware platform to provide critical infrastructure solutions to the customers.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the forerunners in the market. In May, 2023, Microsoft Corporation formed a partnership with Fujitsu Limited, a Japanese multinational information and communications technology equipment corporation. Under this partnership, the companies expended the Uvance business of Fujitsu. Additionally, the two companies assisted hospitals to enhance patient experiences and stabilize challenges in the supply chain. Companies such as Cisco Systems Inc., Broadcom, Inc., Check Point Software Technologies Ltd. are some of the key innovators in the market.Market Growth Factors
Increasing cybersecurity threats
The frequency and sophistication of cyber threats, including ransomware, data breaches, and advanced persistent threats, are rising. Data breaches involving the unauthorized access and exfiltration of sensitive information are rising globally. CWPP solutions provide essential security measures to prevent unauthorized access to cloud workloads, safeguarding sensitive data from breaches. Advanced Persistent Threats (APTs) are sophisticated and prolonged cyber-attacks, often orchestrated by well-funded threat actors with specific targets. The market is expanding significantly due to the increasing cybersecurity threats.Increasing use of containers and microservices
The adoption of containerization and microservices architectures is growing, especially with the rise of cloud-native applications. CWPP solutions adapt to the security needs of containerized workloads, ensuring the protection of applications built on these modern architectures. Microservices architecture breaks down applications into smaller, independently deployable services, promoting agility, scalability, and ease of maintenance. CWPP platforms adapt to the dynamic nature of microservices, offering security measures that align with microservices development and deployment principles. As a result of the increasing use of containers and microservices, the market is anticipated to increase significantly.Market Restraining Factors
Complexity of cloud environments
Cloud environments are often dynamic and complex, with multiple services, configurations, and integrations. Adapting CWPP solutions to work seamlessly in diverse cloud architectures can be challenging. Cloud environments encompass various service models such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), each with its security considerations. The diverse nature of cloud services requires CWPP solutions to adapt to different security requirements and models, potentially leading to complexities in providing uniform protection across the entire cloud landscape. The complexity introduced by containerization can potentially slow down-market adoption.The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
Organization Size Outlook
On the basis of organization size, the market is divided into small & medium enterprises and large enterprises. The small & medium enterprises segment garnered a significant revenue share in the market in 2022. small & medium enterprises increasingly adopt cloud services to enhance agility, scalability, and cost-effectiveness. The growth of the small & medium enterprises segment in the CWPP is closely tied to the rising trend of small & medium enterprises leveraging cloud infrastructures for their business operations.Deployment Type Outlook
Based on deployment type, the market is classified into public, private, and hybrid. In 2022, the public segment witnessed the largest revenue share in the market. Public cloud environments host diverse workloads, including applications, databases, and microservices. The public segment of the CWPP caters to the need for comprehensive protection that addresses the unique security requirements of these varied workloads. Public cloud providers have distinct architectures and services. The public segment of CWPP solutions is designed to integrate seamlessly with the specific features and APIs of major public cloud platforms, ensuring tailored and effective security measures.Component Outlook
Based on component, the market is segmented into solution and services. The services segment covered a considerable revenue share in the market in 2022. Service providers assist in developing and implementing incident response plans, ensuring quick and effective resolution of security incidents, and conducting forensic analysis to understand the root causes. Services include periodic security audits and assessments to identify vulnerabilities and areas for improvement, enabling organizations to enhance their security posture continually.Solution Outlook
By solution type, the market is categorized into compliance management, vulnerability assessment, runtime security, threat detection & response, monitoring, and others. In 2022, the vulnerability assessment segment held the highest revenue share in the market. The process of vulnerability assessment is continuous and involves constant observation of cloud workloads. This ensures that organizations have real-time visibility into the security status of their infrastructure, allowing for immediate response to emerging threats and vulnerabilities. Misconfigurations in cloud environments can lead to security vulnerabilities.End Use Outlook
By end-use, the market is fragmented into BFSI, IT & telecom, government & public sector, healthcare & lifesciences, manufacturing, energy & utilities, retail & eCommerce, media & entertainment, and others. In 2022, the BFSI segment registered the maximum revenue share in the market. The BFSI segment is undergoing a rapid digital transformation, embracing cloud technologies to enhance operational efficiency, customer experience, and innovation. Adopting cloud services necessitates advanced security measures, driving the demand for CWPP solutions.Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. North America has rapidly shifted towards cloud-based infrastructures across various industries, like healthcare, finance, technology, and government. The region is at the forefront of digital transformation initiatives, leveraging cloud technologies to enhance operational efficiency, innovation, and customer experiences.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Trend Micro, Inc., Palo Alto Networks, Inc., Broadcom, Inc., SentinelOne, Inc., Microsoft Corporation, Trellix (Symphony Technology Group), Orca Security Ltd., Sysdig, Inc., Check Point Software Technologies Ltd., and Cisco Systems, Inc.
Strategies deployed in the Market
Partnerships, Collaborations, and Agreements:
- Jun-2023: Orca Security Ltd. extended its partnership with Google LLC, an American multinational technology company. Under this extended partnership, the Orca Cloud Security platform of Orca Security was combined with several Google security products. Additionally, this extended partnership provided a better and more contextually aware security layer for the Google Cloud domains of the customers.
- Jun-2023: Check Point Software Technologies Ltd. came into a partnership with TELUS Communications Inc., a Canadian telecommunications company. Under this partnership, the Cloud Security Posture Management (CSPM) service of TELUS was introduced in Canada. The new product assists Canadian organizations in regulating cloud security posture in real-time with the support of high-fidelity posture management and the AI-powered threat prevention technology of Check Point.
- May-2023: Microsoft Corporation formed a partnership with Fujitsu Limited, a Japanese multinational information and communications technology equipment corporation. Under this partnership, the companies expended the Uvance business of Fujitsu. Additionally, the two companies assisted hospitals to enhance patient experiences and stabilize challenges in the supply chain.
- Mar-2023: SentinelOne, Inc. came into a partnership with Wiz, Inc., an Israeli cloud security startup. Under this partnership, the Cloud Native Application Protection Platform (CNAPP) of Wiz was combined with the Cloud Workload Protection Platform (CWPP) of SentinelOne. Additionally, the partnership provided the customers with cloud security solutions to address cloud security threats and, hence, reduce the risk.
- Oct-2022: Microsoft Corporation expanded its partnership with UBS Group AG, a multinational investment bank and financial services company. Under this expanded partnership, Microsoft enhanced its digital transformation plans and assisted Microsoft Cloud to equip UBS with the reliability and flexibility to serve their customers.
- Aug-2022: Trellix formed a partnership with Ridge Security, Inc., a computer and network services company. Under this partnership, an integrated platform was introduced that enhanced the automated pen-testing and AI/ML abilities of Ridgebot, an important product of Ridge Security. Additionally, the new product helps the security teams determine and find remedies for sophisticated threats.
- Jul-2022: Microsoft Corporation came into a partnership with Oracle Corporation, an American multinational computer technology company. Under this partnership, the companies helped the users of Microsoft Azure monitor the enterprise-grade Oracle database services in Oracle Cloud Infrastructure (OCI). Additionally, the partnership assisted the customers in building applications on Microsoft and connecting them to the better-performing Oracle database services working on OCI.
- Jun-2020: Microsoft Corporation formed a partnership with SAS, a leader in analytics. Under this partnership, the companies helped the customers achieve growth and bring about innovation through the SAS Analytics products working on Microsoft Azure.
Product Launches and Product Expansions:
- Nov-2023: Palo Alto Networks, Inc. launched the Strata Cloud Manager. The new product is an operations and Zero Trust management solution. Additionally, the new product helps strengthen the management and operations in the network security domain of the customers.
- Jul-2023: SentinelOne, Inc. introduced two products, Threat Detection for Amazon S3 and Threat Detection for NetApp, to enhance its Singularity Cloud product portfolio. The new products help NetApp file storage users and Amazon S3 object storage users restrain the spread of malware in enterprise networks and cloud environments. Additionally, the new products can be integrated with the Cloud Workload Security product line from SentinelOne to help customers detect and remediate threats on their servers in private and hybrid cloud environments.
- Jan-2023: Check Point Software Technologies Ltd. launched a risk management engine with better features for the Check Point CloudGuard Cloud Native Application Protection Platform (CNAPP). The new product offers intelligent risk prioritization and entitlement management.
- Sep-2022: Check Point Software Technologies Ltd. unveiled Check Point Horizon with security operations solutions and services that are focused on prevention. The new product integrates the proactive management solutions of Managed Prevention and Response (MDR/MPR) and Extended Prevention and Response (XDR/XPR).
Acquisitions and Mergers:
- Dec-2023: Palo Alto Networks, Inc. completed the acquisition of Dig Security Solutions Ltd., a cloud data security startup. Through this acquisition, the cutting-edge abilities of Dig Security were combined with the Prisma Cloud platform of Palo Alto Networks. Additionally, the acquisition provided the organizations with real-time data protection over the cloud.
- Nov-2023: Palo Alto Networks, Inc. completed the acquisition of Talon Cyber Security Ltd., an Israel-based provider of cybersecurity technologies. Through this acquisition, the Enterprise Browser of Talon was integrated with Prisma SASE of Palo Alto Networks. Additionally, the acquisition helped the customers access business applications and deliver other experiences simultaneously.
- May-2022: SentinelOne, Inc. completed the acquisition of Attivo Networks, a leader in deception technology. Through this acquisition, SentinelOne enhanced its Singularity XDR capabilities to determine threats in cloud workloads and IoT devices. Additionally, the acquisition sets the standard for XDR and hence brings about zero trust adoption.
- May-2022: Broadcom Inc. completed the acquisition of VMware, Inc., an American cloud computing and virtualization technology company. Through this acquisition, the Broadcom Software portfolio was combined with the VMware platform to provide critical infrastructure solutions to customers.
- Jun-2021: Cisco Systems, Inc. acquired Kenna Security, Inc., a SaaS risk and vulnerability intelligence platform. Through this acquisition, the machine-learning risk-based vulnerability management platform of Kenna Security was amalgamated with the SecureX platform of Cisco to produce the largest endpoint security footprint in the market.
Scope of the Study
Market Segments Covered in the Report:
By Organization Size- Large Enterprises
- Small & Medium Enterprises
- Public
- Private
- Hybrid
- Solution
- Vulnerability Assessment
- Threat Detection & Response
- Runtime Security
- Compliance Management
- Monitoring
- Others
- Services
- BFSI
- Government & Public Sector
- Energy & Utilities
- Healthcare & Lifesciences
- Media & Entertainment
- Manufacturing
- Retail & eCommerce
- IT & Telecom
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Trend Micro, Inc.
- Palo Alto Networks, Inc.
- Broadcom, Inc.
- SentinelOne, Inc.
- Microsoft Corporation
- Trellix (Symphony Technology Group)
- Orca Security Ltd.
- Sysdig, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Cloud Workload Protection Platform Market by Organization Size
Chapter 6. Global Cloud Workload Protection Platform Market by Deployment Type
Chapter 7. Global Cloud Workload Protection Platform Market by Component
Chapter 8. Global Cloud Workload Protection Platform Market by End-use
Chapter 9. Global Cloud Workload Protection Platform Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- Trend Micro, Inc.
- Palo Alto Networks, Inc.
- Broadcom, Inc.
- SentinelOne, Inc.
- Microsoft Corporation
- Trellix (Symphony Technology Group)
- Orca Security Ltd.
- Sysdig, Inc.
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
Methodology
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