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Application security show the security steps and measures at the level of application that focus to obstruct the data or the code in the app from being stolen or hacked. It includes the security deliberations that occur during the development and the modification of the application, however, it also comprises the system and approaches to secure the apps after they get deployed. Application security comprises of the hardware, software and the process that detects or decreases the security vulnerabilities.

Statistics:

The application security market was valued at US$ 7.35 Bn in 2021 and is forecast to reach a value of US$ 33.06 Bn by 2030 at a CAGR of 18.5% between 2022 and 2030.

Figure 1: Global Application Security Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030

Application Security  | Coherent Market Insights

North America held a dominant position in the Application Security Market Share in 2021

Statistics:

North America held a dominant position in the application security market in 2021, accounting for 32.0% share in terms of volume.

Figure 2: Global Application Security Market Share (%), By Region, 2021

Application Security  | Coherent Market Insights

Key Developments:

In December 2020, the IBM Corporation declared the acquisition of the Instana, a company that is dealing with the enterprise monitoring and application performance screening platform. This later helps in the growth of the company in the application management segment.

In December 2020, IBM Corporation declared that it has come into a deal to adopt Nordcloud, a European company that is dealing with the transformation in applications and the application management and the migration of the cloud. This acquirement will assist later in the IBM’s application security providing and reinforce the development of the hybrid cloud platform.

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Application Security Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 7.35 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 18.5% 2030 Value Projection: US$ 33.06 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Application: Web Application Security, Mobile Application Security
  • By Service(Component): Managed, Professional
  • By Deployment (Component): Cloud, On-premise
  • By Organization Size: Small and Medium Enterprises, Large enterprises
  • By Types of Security Testing: Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Run-Time Application Self Protection (RASP)
  • By End User Vertical: Healthcare, BFSI, Education, Retail, Government, Other End-user Verticals
Companies covered:

IBM Corporation, WhiteHat Security, Inc.( NTT Security Corporation), Oracle Corporation, Veracode (Thoma Bravo), Qualys Inc., Micro Focus International PLC, Positive Technologies, Checkmarx Ltd, Fasoo.com Inc., Synopsys Inc., Contrast Security, Rapid7 Inc. and SiteLock LLC.

Growth Drivers:
  • Favorable government regulations
  • Rising number of third party applications 
Restraints & Challenges:
  • Budget constraints
  • Negligence of application security by the organizations

Market Drivers:

Driver 1:

With the rise in the threat linked with the data breaches, government over the regions had deployed the rules. Each country, and the region enterprise functioning across the globe has its structure, set of regulations and the rules, to make an environment that offers enough chances to keep and maintain the private cyberspace which is anticipated to boost the growth of the global application security market.

Driver 2:

The development and evolution of the cybersecurity from a reactive process to compensate for the prognostic and dogmatic affect is apparent with the regulatory formulating strict schemes and policies to secure the data theft in many regions over globally and the cyber theft is detected as a crime by regions over globally is anticipated to fuel the growth of the global application security market.

Market Restraint:

Restraint 1:

Inspite of the rising prevalence of the data breaches and the cybercrime, various researches exhibit that there is still not enough money or the attention given to the information security particularly cybersecurity in the workplace is anticipated to hinder the growth of the global application security market.

Restraint 2:

When the applications are not utilized beyond the business critical activities such as the payment associated activities or to order products and services, enterprises that leave thousands of applications unutilized this is the main factor that is anticipated to fuel the growth of the global application security market.

Market Opportunities:

Opportunity 1:

Companies are initiating to see all the positive points of the application security solutions. An application security program can assist protecting the sensitive corporate and the customer data, and for the compliance of some of the businesses may be needed to have an application security program for the official purpose. A practical application security testing program can also assist shield a company from the legal and reputational measures of a breach.

Opportunity 2:

The security program are anticipated to aim on integrating the tools that aid the developers to avoid the faults that can cause to the exposures before identifying the software errors causing to those vulnerabilities. Penetration trials and the pen-testing appliances will direct the risk modules that can guide and make the developers before finding methods to break the application and the security.  

Market Key Takeaways/Trends:

Trend 1:

The DevSecOps is also observing the rising interest amidst the industry leaders. DevSecOps is a flow and the continuation of the DevSecOps concept or the theme and it comprises of the application or usage of the security basics to the conventional DevSecOps cycle from the partnership amongst the engineers security teams and the other leadership positions or posts.   

Trend 2:

DevSecOps lets the organization to develop the operational efficiency over various departments. Application security requires to be combined into the DevSecOps cycle as a web application have been an initial target for the attackers for various reasons, comprising the credit card data, personally detected information , social security numbers and the information of the owner amidst others.

Competitive Landscape:

Major companies operating the global application security market are IBM Corporation, WhiteHat Security, Inc.( NTT Security Corporation), Oracle Corporation, Veracode (Thoma Bravo), Qualys Inc., Micro Focus International PLC, Positive Technologies, Checkmarx Ltd, Fasoo.com Inc., Synopsys Inc., Contrast Security, Rapid7 Inc. and SiteLock LLC.

Various types of application security features comprise of the authentication, encryption, authorization, logging and the application security testing. The software developers can also code the applications to decrease the security exposures.

Market Dynamics:

With the rising digitalization, the cybersecurity risks are also on the rise. Also, the exposures in the web and the mobile applications has led to the data breaches development is anticipated to drive the growth of the global application security market.

Betwixt the bring your own device scheme and the shadow IT, and an expanding mobile workforce, industries and the organizations in several industries are packed up in the wider strong attacks from the negligence. Though the application security solutions can automatically obstruct the users and the applications negligence makes the application security solutions week in the case of the breach is anticipated to hinder the growth of the global application security market.

Legacy software will take time to phase out as the users and the enterprises encompass the newer technologies. The industry anticipated to spectator a lot of the security debt in the old software with the less business critically while at the same time observing an enhancement in the security of the newly developed code.

Key features of the study:

  • This report provides in-depth analysis of the global application security market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global application security market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Major companies operating the global application security market are IBM Corporation, WhiteHat Security, Inc.( NTT Security Corporation), Oracle Corporation, Veracode (Thoma Bravo), Qualys Inc., Micro Focus International PLC, Positive Technologies, Checkmarx Ltd, Fasoo.com Inc., Synopsys Inc., Contrast Security, Rapid7 Inc. and SiteLock LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global application security market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global application security market.

Detailed Segmentation:

  • Global Application Security Market, By Application:
    • Web Application Security
    • Mobile Application Security
  • Global Application Security Market, By Service (Component):
    • Managed
    • Professional
  • Global Application Security Market, By Devlopment (Component):
    • Cloud
    • On-premise
  • Global Application Security Market, By Original Size:
    • Small and Medium Enterprises
    • Large enterprises
  • Global Application Security Market, By Types of Security Testing:
    • Static Application Security Testing (SAST)
    • Dynamic Application Security Testing (DAST)
    • Interactive Application Security Testing (IAST)
    • Run-Time Application Self Protection (RASP)
  • Global Application Security Market, By End-User Vertical:
    • Healthcare
    • BFSI
    • Education
    • Retail
    • Government
    • Other End-user Verticals
  • Global Application Security Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa

Frequently Asked Questions

The global application security market is estimated to be valued at US$ 8.52 Bn in 2022 and is expected to exhibit a CAGR of 18.5% between 2022 and 2030.
Favorable regulatory regulations is anticipated to drive the growth of the market.
Web application security segment is the leading application segment in the market.
Budget constraints is the key factor hampering the growth of the market.
Major companies operating the market are IBM Corporation, WhiteHat Security, Inc.( NTT Security Corporation), Oracle Corporation, Veracode (Thoma Bravo), Qualys Inc., Micro Focus International PLC, Positive Technologies, Checkmarx Ltd, Fasoo.com Inc., Synopsys Inc., Contrast Security, Rapid7 Inc. and SiteLock LLC.

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