Global Application Security Market Overview And Prospects

December 24, 2021 by The Business Research Company

Learn about the global application security market through The Business Research Company, which provides information on application security market size, application security market drivers and restraints, application security market players, the COVID-19 impact on the application security market, and more.

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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%.

Increased security breaches at the business application level are expected to drive innovation in application security manufacturing, thus driving the market during the forecast period.

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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.

Global application security market segments include:

By Solution: Web Application Security, Mobile Application Security

By Testing Type: Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing

By End-User: BFSI, IT And Telecommunication, Government And Defence, 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. Among these regions, North America was the largest region in the application security market in 2020.

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. AI-based cybersecurity will train itself continuously and independently gather the data across the enterprise information systems through that data it analyses and performs correlation of patterns across billions of signals relevant to the cyberattacks and solve the issue.

TBRC’s application security market report covers:

Major Market Players: IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys, Trustwave, Acunetix, HCL Software, Cisco Systems, Capgemini, Onapsis, Gitlab, CAST software, VMware, OneSpan, Imperva, F5 Inc, NowSecure, Pradeo, Lookout, Data Therorem, Zimperium, Kryptowire, Appthority, NSFocus, N-Stalker, Pradeo.

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)

The Application Security Global Market Report 2021: COVID-19 Growth and Change to 2030 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, leading competitor revenues, profiles and market shares.

TBRC’s application security market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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