Insights for CISOs 2023 Annual Compendium

Aerospace, Defence and SecurityInsights for CISOs 2023 Annual Compendium

An Actionable Guide to Help CISOs Select Security Solutions

RELEASE DATE
06-Feb-2024
REGION
Global
Deliverable Type
Market Research
Research Code: MH33-01-00-00-00
SKU: AE_2024_575
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SKU
AE_2024_575

Insights for CISOs 2023 Annual Compendium
Published on: 06-Feb-2024 | SKU: AE_2024_575

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As in the previous years, the threat landscape and nature of cyber attacks evolved rapidly in 2023. Changing enterprise and working trends that kickstarted with the pandemic continued to bring complexity, operational challenges, and security concerns for Chief Information Security Officers (CISOs) throughout 2023.

Frost & Sullivan’s Cybersecurity Research Team developed this annual compendium to help CISOs in every industry understand the key issues relating to a range of security solutions. Takeaways from this compendium will help organizations determine which solutions most closely meet their business needs and provide practical insight to support vendor selection.

The compendium features:
• Practical advice to enhance the security posture and select vendors
• Key trends and developments across several security solution areas that Frost & Sullivan research covers
• An understanding of the threat landscape and vulnerabilities organizations are exposed to
• Main cybersecurity trends for 2024

Author: Ozgun Pelit

The Impact of the Top 3 Strategic Imperatives on the Cloud-native Application Protection Platform Market

Transformative Mega Trends

Why:

  • Cloud computing is increasingly a business norm, with industry verticals utilizing various cloud models and services to modernize legacy systems.
  • The COVID-19 pandemic has accelerated migration to the cloud and enabled businesses to embrace the digital transformation journey, helping them transform and simplify their IT infrastructure and operations to enhance business outcomes.

Frost Perspective:

  • Increased cloud computing adoption transforms how businesses invest in IT infrastructure, the ADLC, and security operations (SecOps).
  • As legacy security models are no longer adequate, companies seek cloud-native security solutions, such as CNAPPs, cloud workload protection platforms (CWPPs), and cloud security posture management (CSPM), to protect their workload and other assets in the cloud. Transition to these systems will likely surge globally over the next 5 years.

 

Competitive Intensity

Why:

  • Economic uncertainty and geopolitical crises, such as the Russia-Ukraine War, the US-China trade war, and the Israel-Palestine conflict, are shaping cloud security's competitive landscape, causing global organizations to reduce spending on IT and security projects.
  • CNAPP vendors must lower prices, reduce total cost of ownership (TCO), and help organizations achieve more. To remain competitive, vendors must adapt operations to meet these challenges and improve user experience. The intense market pressure calls for increased efficiency, cost-effective solutions, and an emphasis on meeting evolving customer needs.

Frost Perspective:

  • More organizations will transition to the cloud to reduce capital expenditure and improve business operation outcomes. Moving to cloud will create new opportunities for the cloud security market, as the need for risk management and data/application protection shifts from on-premises/traditional data center environments to the cloud.
  • As the viability of traditional security/service prices, cloud security solutions will become more mainstream, making them more popular in the next 3 to 5 years.

 

Disruptive Technologies

Why:

  • Container/Kubernetes (K8s) technologies and serverless computing are changing application deployment strategies, enabling organizations the flexibility to design, develop, test, and launch applications in the market, enhancing customer experience.
  • However, new technologies require a novel approach toward application security (AppSec), as the traditional monolithic application architecture is no longer adequate.

Frost Perspective:

  • Demand for a loosely coupled application architecture with a microsegmentation principle is high; making legacy security outdated, as it does not support microsegmentation and cannot keep pace with application changes, particularly in container and serverless environments.
  • Businesses globally will shift investments from perimeter-based security to cloud-native security technologies to protect cloud-native applications.

 

Cloud-native Application Protection Platform: Key Competitors

  • Alibaba Cloud
  • Aqua Security
  • Caveonix
  • Check Point Software Technologies
  • CrowdStrike
  • Lacework
  • Microsoft (Security)
  • Orca Security
  • Palo Alto Networks
  • Qualys
  • Radware
  • Rapid7
  • Sonrai Security
  • Sysdig
  • Tenable
  • Trend Micro
  • Uptycs
  • Wiz

 

Cloud Workload Protection Platform: Definition

CWPP, normally agent-based, is a server workload-centric security solution to protect computing workloads in cloud environments (i.e., private, public, hybrid, and multi-cloud) from cybersecurity risks and attacks regardless of the workload’s location. Typical workloads that CWPP secures include cloud hosts, VMs, containers, K8s, databases (e.g., SQL and NoSQL), and APIs.

CWPP capabilities include detection and prevention of threats to the host, VMs, containers at runtime, container image vulnerability management, micro-segmentation of workloads across networks, micro-services and API levels, management of serverless permission, compliance checks, workload assurance maintenance, and run-time forensics analysis and incident response for workloads.

 

Cloud Workload Protection Layers

DevOps Protection Layer

• Protection at this layer ensures no vulnerabilities and misconfiguration issues are present in the development environment.

• Capabilities include the following:

  • Automated hypervisor monitoring (private cloud)
  • Automated workload discovering, tagging, and visibility
  • Automated workload misconfiguration detection

Inside Workload Protection Layer

• This layer protects workloads from cyberthreats inside workloads, preventing collateral damage, exploitation, and file/system tempering.

• Capabilities include the following:

  • Network security that performs workload firewalling, segmentation, encryption/decryption, and visibility
  • SIM/FIM
  • Application control
  • Memory protection

Outside Workload Protection Layer

• This layer’s capabilities run independently outside the workload to protect workloads from external threats.

• Capabilities include the following:

  • Host-based intrusion prevention systems (HIPS)
  • AV capabilities
  • Malware protection
  • Server workload endpoint detection and response (EDR)
  • Workload behavior monitoring/profiling

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

Growth Opportunities Fuel the Growth Pipeline Engine™

Executive Summary

Cybersecurity Market Ecosystem*

Cybersecurity Solutions in the Compendium

Cloud-native Application Protection Platform: Definition

The Impact of the Top 3 Strategic Imperatives on the Cloud-native Application Protection Platform Market

Cloud-native Application Protection Platform: Key Trends

Cloud-native Application Protection Platform Market: Insights and Recommendations 

Cloud-native Application Protection Platform: Key Competitors

Cloud-native Application Protection Platform: Trends to Watch in 2024

Cloud Workload Protection Platform: Definition

The Impact of the Top 3 Strategic Imperatives on the Cloud Workload Protection Platform Market

Cloud Workload Protection Platform: Key Trends

Cloud Workload Protection Platform Market: Insights and Recommendations 

Cloud Workload Protection Platform: Key Competitors

Cloud Workload Protection Platform: Trends to Watch in 2024

Endpoint Security: Definition

The Impact of the Top 3 Strategic Imperatives on the Endpoint Security Industry

Endpoint Security: Key Competitors

Endpoint Security: Trends to Watch in 2024

Extended Detection and Response: Definition

Different Approaches to the Extended Detection and Response

The Impact of the Top Three Strategic Imperatives on the Extended Detection and Response Industry

Extended Detection and Response: Key Competitors

Extended Detection and Response: Trends to Watch in 2024

External Risk Mitigation and Management: Definition

The Impact of the Top 3 Strategic Imperatives on the External Risk Mitigation and Management Industry

Making Sense of External Risk Mitigation and Management

External Risk Mitigation and Management: Key Competitors

External Risk Mitigation and Management: Trends to Watch in 2024

Fraud Detection and Prevention: Definition

Fraud Detection and Prevention Solutions*

The Impact of the Top 3 Strategic Imperatives on the Fraud Detection and Prevention Industry

Fraud Detection and Prevention: Key Competitors

Fraud Detection and Prevention: Trends to Watch in 2024

Managed Detection and Response: Definition

The Impact of the Top Three Strategic Imperatives on the Managed Detection and Response Industry

Managed Detection and Response: Key Competitors

Managed Detection and Response: Trends to Watch in 2024

Network Access Control: Definition

Core Network Access Control Features and Functions

The Impact of the Top 3 Strategic Imperatives on the Network Access Control Industry

Network Access Control—Key Competitors

Network Access Control: Trends to Watch in 2024

Next-generation Firewall: Definition

The Impact of the Top 3 Strategic Imperatives on the Next-generation Firewall Industry

Next-generation Firewall: Key Competitors

Next-generation Firewall: Trends to Watch in 2024 

SaaS Security Posture Management: Definition

Data Security Posture Management: Definition

The Impact of the Top 3 Strategic Imperatives on the SaaS Security Posture Management and Data Security Posture Management Market

SaaS Security Posture Management: Key Competitors

Data Security Posture Management: Key Competitors

SaaS Security Posture Management and Data Security Posture Management Market: Insights and Recommendations 

SaaS Security Posture Management and Data Security Posture Management: Trends to Watch in 2024 

Secure Access Service Edge: Definition

Secure Access Service Edge: Key Trends

Secure Access Service Edge: Insights and Recommendations 

The Impact of the Top 3 Strategic Imperatives on the Industry

Secure Access Service Edge: Key Competitors

Secure Access Service Edge: Trends to Watch in 2024

Secure Service Edge: Definition

Secure Service Edge Use Cases

The Impact of the Top 3 Strategic Imperatives on the Industry

Secure Service Edge: Key Competitors

Secure Service Edge:

Security Orchestration and Automation Response: Definition

Benefits of Security Orchestration and Automation Response Solutions

Security Orchestration and Automation Response: Key Competitors

Software Supply Chain Security: Definition

Software Supply Chain Security Market: Insights and Recommendations 

The Impact of the Top 3 Strategic Imperatives on the Market

Software Supply Chain Security: Key Competitors

Software Supply Chain Security: Trends to Watch in 2024

Vulnerability Management: Definition

Top 5 Must-have Capabilities in Vulnerability Management Tools

The Impact of the Top 3 Strategic Imperatives on the Market

Vulnerability Management: Key Competitors

Vulnerability Management: Trends to Watch in 2024 

Holistic Web Protection Platform: Definition

The Impact of the Top 3 Strategic Imperatives on the Holistic Web Protection Platform Industry

Holistic Web Protection Platforms: Key Competitors

Holistic Web Protection Platforms: Trends to Watch in 2024

Acronyms and Terms

Acronyms and Terms (continued)

Acronyms and Terms (continued)

Acronyms and Terms (continued)

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As in the previous years, the threat landscape and nature of cyber attacks evolved rapidly in 2023. Changing enterprise and working trends that kickstarted with the pandemic continued to bring complexity, operational challenges, and security concerns for Chief Information Security Officers (CISOs) throughout 2023. Frost & Sullivan s Cybersecurity Research Team developed this annual compendium to help CISOs in every industry understand the key issues relating to a range of security solutions. Takeaways from this compendium will help organizations determine which solutions most closely meet their business needs and provide practical insight to support vendor selection. The compendium features: Practical advice to enhance the security posture and select vendors Key trends and developments across several security solution areas that Frost & Sullivan research covers An understanding of the threat landscape and vulnerabilities organizations are exposed to Main cybersecurity trends for 2024 Author: Ozgun Pelit
More Information
Deliverable Type Market Research
Author Ozgun Pelit
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Cybersecurity Trends
Keyword 2 CISO Annual Compendium
Keyword 3 Cybersecurity Industry Insights
Podcast No
Predecessor K778-01-00-00-00
WIP Number MH33-01-00-00-00