Prisma Cloud Named a CNAPP Leader in Frost Radar

Organizations face an array of challenges, from securing data and applications to meeting compliance regulations and defending against evolving threats. To assist organizations with these challenges, leading market research and consulting firm Frost & Sullivan has released its 2023 Frost Radar for Cloud-Native Application Protection Platforms (CNAPP). In this report, Frost & Sullivan provide invaluable insights into the dynamic landscape of cloud-native security solutions and showcase the market's top companies.

Our post today will examine findings from the report, with a special emphasis on the remarkable performance of Palo Alto Networks, a distinguished leader in the cloud-native security field.

Understanding the Frost & Sullivan Radar Report

The Frost Radar for CNAPP is a comprehensive analysis of the cloud-native security market, aiming to provide an overview of the competitive environment, growth potential and innovation within the sector. The report evaluates over 30 qualified CNAPP vendors from around the world, independently plotting the top 17 companies on the Frost Radar. The evaluations consider factors such as end-user focus, geographic presence, solution portfolio and annual revenue, having set a minimum threshold of $5 million.

Key Measurements: Growth & Innovation

Frost & Sullivan assesses companies' performance in the Growth and Innovation index to identify their market positions. The Growth index acknowledges organizations with significant future growth potential, best practices in their industry and a powerful presence in driving competitive intensity. The Innovation index recognizes organizations with a solid commitment to innovation, reflected in their strategic mergers and acquisitions activities and significant R&D investments. Palo Alto Networks (PANW) emerges as a standout vendor in both performance indicators.

Palo Alto Networks in the Frost & Sullivan Radar Report

Palo Alto Networks, with its dominant market share and impressive revenue growth over the past 3 years, is positioned as a leader in the Growth index. Notably, PANW has shown resilience and sustained growth, making it the second-largest player in the CNAPP market.

Not only is Palo Alto Networks a Growth Leader, but also named an Innovation Leader. What’s more, we’re positioned furthest to the right on the Innovation index, indicating our strong commitment to product development and advancements. Our success is attributed to continuous platform improvements and strong go-to-market strategies.

Palo Alto Networks (PANW) is a CNAPP trailblazer in the market, providing robust security measures covering the entire application development lifecycle.

Commitment to Innovation

Prisma Cloud stands out as one of the market's most innovative cloud security platforms. Our commitment to innovation is Prisma® Cloud in R&D investments and the recent announcement of our Darwin release, which introduces features like AppDNA and Code to Cloud Vulnerability Management, setting Prisma Cloud apart from competitors.

CNAPP Disruptor

According to Frost, “Palo Alto Networks is recognized as a CNAPP trailblazer, offering robust security measures that cover the entire application development lifecycle. Prisma Cloud's capabilities range from Infrastructure as Code (IaC) to software composition analysis (SCA), cloud apps, serverless, containers and more. It also boasts powerful cloud infrastructure security capabilities and supports a wide range of security standards.”

Cross-Platform Integration

Prisma Cloud seamlessly integrates with major cloud environments, including AWS, Azure, GCP, Oracle and Alibaba Cloud. This ensures a consistent security approach across diverse cloud platforms.

Regulatory Compliance

Prisma Cloud goes above and beyond in helping organizations meet regulatory requirements. It supports a range of security standards, such as Sarbanes-Oxley (SoX), LGPD, GDPR and the Center for Internet Security (CIS) benchmarks. Additionally, PANW is one of the few vendors to have achieved both the Federal Risk and Authorization Management Program (FedRAMP) High in Ready and GovCloud certifications, crucial for providing cloud security services to the public sector in the United States.

Robust Growth

PANW has shown impressive growth rates from 2021 to 2023, capturing 12.0% of the market share in 2023. Our strong growth is evident across all regions, particularly North America and EMEA.

Read the Report

The 2023 Frost & Sullivan Radar for Cloud-Native Application Protection Platforms report offers invaluable insights into the CNAPP market. Among the top contenders, Palo Alto Networks shines brightly, showcasing its commitment to innovation, growth and comprehensive cloud security solutions. As the cloud security landscape continues to evolve, businesses can look to leaders like PANW to navigate the challenges and ensure a secure cloud environment.