Application Security Market – Global Industry Analysis From (2021-2027)

Application Security Market was valued at US$ 4 Bn. in 2020 and is expected to reach US$ 11.5 Bn. by 2027, at a CAGR of 16.3% during a forecast period.

Application Security Market Overview:

The application security industry has a great opportunity to develop in the next five years, thanks to a surge in demand for Software as a Service (SaaS)-based application security solutions. The use of hardware, software, and a range of technological solutions to secure applications against third-party intrusions and other external threats is known as application security. With the introduction of creative software designs, developers have made security a primary priority when building any programmer, as these programmers become available to the outside world when used often across a network. As a result, app security has come to be regarded as a means of protecting these apps from being stolen, modified, or uninstalled. Application Security Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. Latest News: • Micro Focus will release Hybrid Cloud Management X in September 2020, with the goal of making multi-cloud service delivery easier. The platform is a multi-tenant cloud-native management platform that may be utilized on-premises or in the public cloud. • MicroFocus launched "Fortify on Demand," an application security assessment service for AWS GovCloud, in June 2020. The service can help important government entities by providing improved testing and vulnerability management.

COVID-19 Impact on application security market:

The global application security industry grew at a quicker rate during the COVID-19 pandemic. As a result of the COVID issue, all businesses around the world have had difficulties. To stay in touch with one another, the bulk of people rely only on networking. In the event of an emergency, healthcare staff are under a lot of stress since they have to communicate with patients and other people via phone calls, chats, and emails. For the protection of all forms of conversational data, information, and online transactions, application security is critical.

Application Security Market Dynamics:

Rise in security breaches targeting business applications: The increasing growth of digital solutions, gadgets, and associated services is aided by today's hyper-connected business environment. The backbone of digital infrastructure is communication between business-critical apps and data that are shared across platforms, devices, and users. Because business software stores sensitive corporate data, cybercriminals target it. Web and application breaches account for 30% of all breaches, according to F5 Labs, with an average reported cost of USD 8 million per breach. A typical organization has an average of 765 programmers, with 34% of those remaining in a critical status, according to the company. The Common Vulnerabilities and Exposures (CVE) database has over 11,000 vulnerabilities in widely used programmers as of mid-2019, with 34% of those applications having no patches available. Even when fixes are available, consumers and businesses fail to install them, allowing thieves to crack application codes more quickly. According to Security Boulevard, % of breaches were caused by vulnerabilities for which a patch was available but not installed. Application Security Market Budget constraints and return on investments pull back companies for investments: Enterprises leave thousands of apps vulnerable because applications do not extend beyond business-critical operations, such as payment-related activities or ordering products and services. Business-critical programmers that aren't used are dangerous because they aren't updated on a regular basis. Many SMEs believe that investing in these applications will be too expensive. Unused apps pose a long-term security risk since it is easy to crack idle programmers and obtain access to the IT infrastructure, whether the application is business-critical or an infrequently utilized online application. Unused apps are a big security threat: The largest issue is underutilized online and mobile applications. Customers and businesses are frequently observed carrying applications that are rarely utilized or go unused for long periods of time. This form of software provides a bigger risk. According to a Google survey, 25% of apps on average smartphone applications are underutilized but not dormant. These programmers can still establish a connection, scan files and photographs, and unwittingly send critical data to their mother ship. As a result, to limit dangers, it is vital to delete those programmers and utilize application security solutions.

Application Security Market segment analysis:

Based on solution, the web application security segment held the largest market share of xx% in 2020. The wide application of web application security in protecting online services or websites from threats or breaches is primarily responsible for the segment's rise in the global application security market. The goal of web application security is to protect content across websites that contain sensitive information. Accessing vulnerabilities and identifying hazards is easier with web application tools. Such important aspects could have a big impact on market growth during the next several years. Based on testing type, the IAST segment held largest market share of xx% in 2020, owing to IAST may be used in conjunction with other testing methods to provide a complete testing method that combines SAST and DAST security testing methodologies to test applications in a runtime environment while monitoring the dynamic reaction of the software and discovering security issues. Application Security MarketBased on End-user, BFSI segment held largest market share of xx% in 2020, Because of the application security in this sub-segment, hidden vulnerabilities and faults that could lead to a data breach can be detected. Vera code, for example, one of the major independent global providers of finest security analyzer, announced in March 2020 that they will supply their platform to One Span Inc. to secure and defend financial institutions and other companies from cyber-attacks. These kinds of activities and strategies could have a good impact on the sub-segment in the future. IT and Telecom is the second dominant segment and it held xx% of share in 2020. As a result of IT and telecommunications adopting application security, which aids in the avoidance of potential security breaches and malicious attacks that can have a significant impact on your firm. IT application security ensures the confidentiality of a company's data. Network security, internet security, endpoint security, cloud security, and application security are all examples of IT security. Such elements will boost the sub-growth segments over the projection period. Application Security Market

Application Security Market Regional Insight:

The increasing adoption of mobile devices and cloud-based networking across the globe is driving the rapid growth of the North American application security market. The application security market will be accelerated by an increase in the number of internet users, the adoption of IoT devices, and tight government and industry rules for the security of business processes. Furthermore, the global market is being fueled by the strong presence of top application security providers and manufacturers. For example, International Business Machine Corporation (IBM) announced in September 2020 that it will soon offer a new risk quantification tool that will assist clients in quantifying, prioritizing, and identifying security threats for enterprises. These factors will ultimately boost demand in the region's application security industry. The objective of the report is to present a comprehensive analysis of the Application Security market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Application Security market dynamics, structure by analyzing the market segments and projects the Application Security market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Application Security market make the report investor’s guide.

Application Security Market Scope: Inquire before buying

Global Application Security Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 4 Bn.
Forecast Period 2021 to 2027 CAGR: 16.3% Market Size in 2027: US $ 11.5 Bn.
Segments Covered: by Solution • Web Application security • Mobile Application security
by Testing Type • Static Application Security Testing (SAST) • Dynamic Application Security Testing (DAST) • Interactive Application Security Testing (IAST) • Runtime Application Self-Protection (RASP)
by Deployment • Cloud • On-premise
by End-User • BFSI • Government and defense • Healthcare • IT & Telecom • Manufacturing • Retail

Application Security Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Application Security Market Key Players

• IBM • Hewlett Packard • Qualys, Inc • WhiteHat Security, Inc • Veracode • Oracle Corporation • Fortinet Inc. • Synopsys Inc • HCL • Cisco Security Systems • Checkmarx • MicroFocus • Capegemini • Rapid7 • Onapsis • NowSecure • Pradeo • Lookout Frequently Asked Questions: 1. Which region has the largest share in Application Security Market? Ans: North America region holds the highest share in 2020. 2. What is the growth rate of Application Security Market? Ans: The Application Security Market is growing at a CAGR of 11.5 % during forecasting period 2021-2027. 3. What segments are covered in Application Security market? Ans: Application Security Market is segmented into solution, testing type, deployment, end-user and region. 4. Who are the key players in Application Security market? Ans: The important key players in the Application Security Market are – IBM, Hewlett Packard Enterprise Development LP, Qualys, Inc, WhiteHat Security, Inc, Veracode, Oracle Corporation, Fortinet Inc., Synopsys Inc, HCL, Cisco Security Systems, Checkmarx, MicroFocus 5. What is the study period of this market? Ans: The Application Security Market is studied from 2020 to 2027.
1. Global Application Security Market: Research Methodology 2. Global Application Security Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Application Security Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Application Security Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Application Security Market Segmentation 4.1. Global Application Security Market, by Solution (2020-2027) • Web Application security • Mobile Application security 4.2. Global Application Security Market, by Testing Type (2020-2027) • Static Application Security Testing (SAST) • Dynamic Application Security Testing (DAST) • Interactive Application Security Testing (IAST) • Runtime Application Self-Protection (RASP) 4.3. Global Application Security Market, by Deployment (2020-2027) • Cloud • On-premise 4.4. Global Application Security Market, by End-user (2020-2027) • BFSI • Government and defense • Healthcare • IT & Telecom • Manufacturing • Retail 5. North America Application Security Market(2020-2027) 5.1. North America Application Security Market, by Solution (2020-2027) • Web Application security • Mobile Application security 5.2. North America Application Security Market, by Testing Type (2020-2027) • Static Application Security Testing (SAST) • Dynamic Application Security Testing (DAST) • Interactive Application Security Testing (IAST) • Runtime Application Self-Protection (RASP) 5.3. North America Application Security Market, by Deployment (2020-2027) • Cloud • On-premise 5.4. North America Application Security Market, by End-user(2020-2027) • BFSI • Government and defense • Healthcare • IT & Telecom • Manufacturing • Retail 5.5. North America Application Security Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Application Security Market (2020-2027) 6.1. European Application Security Market, by Solution (2020-2027) 6.2. European Application Security Market, by Testing Type (2020-2027) 6.3. European Application Security Market, by Deployment (2020-2027) 6.4. European Application Security Market, by End-user(2020-2027) 6.5. European Application Security Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Application Security Market (2020-2027) 7.1. Asia Pacific Application Security Market, by Solution (2020-2027) 7.2. Asia Pacific Application Security Market, by Testing Type (2020-2027) 7.3. Asia Pacific Application Security Market, by Deployment(2020-2027) 7.4. Asia Pacific Application Security Market, by End-user (2020-2027) 7.5. Asia Pacific Application Security Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Application Security Market (2020-2027) 8.1. Middle East and Africa Application Security Market, by Solution (2020-2027) 8.2. Middle East and Africa Application Security Market, by Testing Type (2020-2027) 8.3. Middle East and Africa Application Security Market, by Deployment(2020-2027) 8.4. Middle East and Africa Application Security Market, by End-user(2020-2027) 8.5. Middle East and Africa Application Security Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Application Security Market (2020-2027) 9.1. Latin America Application Security Market, by Solution (2020-2027) 9.2. Latin America Application Security Market, by Testing Type (2020-2027) 9.3. Latin America Application Security Market, by Deployment(2020-2027) 9.4. Latin America Application Security Market, by End-user (2020-2027) 9.5. Latin America Application Security Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. IBM 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hewlett Packard 10.3. Qualys, Inc 10.4. WhiteHat Security, Inc 10.5. Veracode 10.6. Oracle Corporation 10.7. Fortinet Inc. 10.8. Synopsys Inc 10.9. HCL 10.10. Cisco Security Systems 10.11. Checkmarx 10.12. MicroFocus 10.13. Capegemini 10.14. Rapid7 10.15. Onapsis 10.16. NowSecure 10.17. Pradeo 10.18. Lookout

About This Report

Report ID108296
Category Information Technology & Telecommunication
Published DateJune 2021
Updated DateNov 2021
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