The Global Application Security Market Report by The Business Research Company covers application security market drivers and restraints, application security market size, major players, and the impact of COVID-19 on the application security market.
The application security market consists of sales of application security products and related services. Application security is a method of making applications more secure by fixing, finding, and enhancing the security of the application. It also includes tools and methods to protect applications once application security is deployed. Only goods and services traded between entities or sold to end consumers are included.
Increased security breaches at the business application level contributed to the growth of the application security market. The global application security market is expected to grow from $6.27 billion in 2020 to $7.67 billion in 2021 at a compound annual growth rate (CAGR) of 18.24%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.74 billion in 2025 at a CAGR of 23.31%.
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Some application security market trends include artificial intelligence (AI) and machine learning (ML) are increasingly being used to prevent attacks in the web or mobile-based applications. AI can be used to automating threat detection and respond more effectively than a traditional software-driven approach.
Global application security market segments include:
1) By Solution: Web Application Security, Mobile Application Security.
2) By Testing Type: Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing.
3) By End-User: BFSI, IT And Telecommunication, Government And Defense, Healthcare, Retail, Education, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Application Security Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides application security market overviews, analyzes and forecasts market size, share, application security market players, application security market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The application security identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Application Security Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Application Security Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Application Security Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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