CNAPP Company of the Year

Apr 24, 2023
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Most organizations continue to suffer significant security incidents, despite deploying a variety of point security solutions. Even worse, 90% of organizations can’t detect, contain, and resolve cyberthreats within an hour.

Organizations continue to struggle because most cloud security solutions only scan cloud configurations and workloads every 12-24 hours. It’s an ineffective approach that creates dangerous blind spots, particularly with cloud configuration change states, audit trails, and ephemeral workloads.

To defend against pervasive threats, organizations need security solutions that can keep up with the speed of the cloud.

CNAPPs Address Growing Need for Comprehensive Cloud Security

The cloud and cloud-native technologies have become an integral part of the digital transformation strategy for most organizations. They not only enable applications to be built and scaled quickly and efficiently, but they also serve a central role in driving innovation and delivering on strategic goals.

It’s no secret, though, that the cloud has its downside. It’s a fast-paced, complex environment rife with security challenges. Blind spots, excessive permissions, compliance issues, and a confusing array of disparate security tools are problematic for overtaxed and understaffed security teams.

Cloud-native application protection platforms (CNAPPs) have evolved to address these challenges. Designed to provide complete visibility into cloud environments and secure applications across the development lifecycle, CNAPPs are becoming part of the organizational DNA. CNAPPs provide the essential comprehensive tool set for securing everything in the cloud, making it easy to operationalize security.

Analysts across the industry have documented the emergence of CNAPPs. Among the first, Frost & Sullivan launched the Frost Radar™ 2022 Cloud Native Application Protection Platform, 2022 study, which provided an in-depth assessment of 15 CNAPP solutions across the market.

Palo Alto Networks CNAPP, Prisma Cloud, was named a leader in the report, praised for being “... one of the most comprehensive and marketable CNAPP platforms, providing full security stack protection for cloud environments, including DevOps security, IaC, serverless security, CSPM, CWPP, CIEM and CNWS.”

Frost & Sullivan's recognition of leadership continues with the results of their latest analysis.

Prisma Cloud Named CNAPP Company of the Year

As an extension of their initial report, Frost & Sullivan conducted a detailed evaluation of best practice criteria across the dimensions of “Visionary Innovation and Performance,” and “Customer Impact.” for each nominated company.

As a result of this analysis, Palo Alto Networks was awarded the 2023 Frost & Sullivan Global Company of the Year Award in the Cloud-Native Application Protection Platform (CNAPP) industry. Frost & Sullivan asserts “Palo Alto Networks is a CNAPP pioneer and has solidified its position as a market leader in cloud-native security market.”

This latest recognition, a follow-up from the 2022 designation of Cloud Workload Protection Company of the Year, comes as a result of Prisma Cloud’s prevention-first approach to security. Unlike other solutions, Prisma Cloud proactively stops critical attacks and prevents lateral movement by providing excellent real-time visibility and threat detection capabilities to help organizations address security challenges from code to cloud environment.

Uniquely positioned to effectively defend against today’s pervasive threats, Prisma Cloud secures more than 7 billion cloud assets and 2.5 million workloads — all while processing in excess of 1 trillion events daily. Prisma Cloud’s ability to eliminate threats before they cause any damage is the driving factor behind this award nomination.

According to Frost & Sullivan, “Prisma Cloud distinguishes itself from other CNAPP solutions by offering a platform that covers five critical cloud security areas, providing organizations with best-in-class security across the entire software development lifecycle (SDLC).”

To read Frost & Sullivan’s full analysis, download their Excellence in Best Practices report.

 

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers, with a focus on improving the return on investment that customers make in its services or products. The award recognizes the company's unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global sectors for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare sector participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.


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