Revenue Forecast

The revenue estimate for the base year 2023 is $814.2 million, with a CAGR of 31.6% for the study period 2023-2028.

The Impact of the Top 3 Strategic Imperatives on the Container and Kubernetes (K8s) Security Industry

Transformative Megatrends

Why

• Cloud computing has quickly become a core component of many organizations' business operations, regardless of their size and industry background.
• The digital transformation trend has drastically changed the way organizations build, deploy, and manage customer-facing applications.
• Consequently, many organizations have started utilizing cloud-native application development tools, such as containers/K8s, to facilitate their digital transformation process.

Frost Perspective

• The increasing adoption of cloud-native application development tools, such as containers/K8s, has transformed how organizations conduct their business operations. However, adopting containers/K8s has resulted in a more complex environment for organizations to manage and secure.
• As a result, organizations are now looking for container/K8s security solutions to protect their cloud-native applications.
• This trend will surge globally in the next 2 to 3 years.

Geopolitical Chaos

Why

• Skyrocketing inflation, high interest rates, and a volatile geopolitical landscape have dominated the narrative in the past 12 to 24 months.
• The complicated economic and political situation has driven many organizations globally to realign their spending priorities and investment strategies.
• Many organizations are taking a more conservative approach to maintaining positive cash flow during this period of uncertainty.

Frost Perspective

• Despite taking a more conservative approach, many organizations acknowledged that security-related spending must continue owing to the ever-evolving threat landscape. Organizations that have moved to the cloud will need to deal with a wider surface area.

• Hence, many are turning to integrated security solutions, such as container/K8s security, CSPM, and CSPM, under a single platform.

Disruptive Technologies

Why

• Many organizations are switching to containers/K8s as part of their plan to modernize their application development and delivery processes.
• However, the dynamic nature of containers/K8s has nullified the effectiveness of processes such as manual testing or risk calculation.
• This has driven the need for more advanced AI/machine learning (ML) technologies in solutions such as container/K8s security.

Frost Perspective

• Containers/K8s security vendors should incorporate automation and AI/ML capabilities into their containers/K8s security offerings to enable customers to take a more proactive approach to identifying and mitigating threats.
• With the number of reported cyberattacks every year continuing to increase at an unprecedented rate, more organizations will look for automation and AI/ML capabilities, resulting in a surging trend in the next 1 to 3 years.

Scope of Analysis

• The study includes technology vendors that provide either standalone or dedicated container/K8s security solutions or integrates them into a broader CWPP/CNAPP platform.
• A container/K8s security solution should provide capabilities encompassing the build, deployment, and runtime phases.
• Container/K8s security revenue often overlaps with revenue from other cloud-native security solutions, such as CWPP, CSPM, and workload risk management, that are part of the broader cloud security platform, CNAPP, making revenue split for these solutions impossible.
• Revenue for containers/K8s security in this study includes software licensing and service subscription while excluding professional services. The study derives information and insights from Frost & Sullivan’s secondary research and contributions from vendors, channel partners, and other industry stakeholders. However, all revenue estimates and forecasts are attributable to Frost & Sullivan’s analysis and modeling.

Competitive Environment

Key Competitors

• ACLU-KNOX
• ALGOSEC
• ANCHORE
• ARMO
• AQUA SECURITY
• BITDEFENDER
• CHECK POINT
• CHECKMARX
• CROWDSTRIKE
• DEPENCE
• FORTINET
• JFROG
• KASPERSKY
• LAKEMORK
• MICROSOFT
• ORCA SECURITY
• PALO ALTO NETWORKS
• QUALYS
• RED HAT
• SNYK
• SYSDIG
• TENABLE
• TREND MICRO
• UPTYCS
• WIZ