Application security is very essential because in today’s applications are generally accessible over the several networks and are linked to the cloud, rising exposures to the security risks and the breaches. There is a rising pressure and the incentive to not only guarantee the security at the network level also within the application themselves.

Statistics:

The global application security robotics market is estimated to account for US$ 8.52 Bn in terms of value by the end of 2022.

Drivers:

The open web application security project remains a go-to standard for the application security. The open web security project in top 10 provides the annual reports on the particular app risks. It helps the organization in making a list of all the third party elements utilized in the software and monitor these components for the potential breaches. Apart from that the OWASP’s novel resilience situations compulsory that mobile apps should be able to identify the rooted or jail broken appliances, multiple defense mechanism and encompass numerous response forms based on the identified threats and risks.

Opportunity:

Web applications are very famous attack target in the assured data breaches, and in some of the industries till the 43% of the data breaches are the web applications associated. A report by the Verizon observed that nearly half of the web application linked to the breaches took many months or the endurance for security teams to explore. The persistent an attacker has availability to the systems, much destruction they can lead to.

Recent Development:

In February 2021, The CHECKMARX LTD approved its KICS, keeping the infrastructure as Code Secure, which is an open-source static analysis solution for the cloud-native applications, this permits all the developers to write the secure infrastructure as a code IaC ensuring the privacy.

Restraint:

The negligence or the ignorance of the application security is a notable concern for the data breaches and the application breaches over the world. As office applications are few usually exploited applications, and thus the negligence from the employees over several industries is anticipated to hinder the growth of the global application software market.

To know the latest trends and insights prevalent in the Global Application Security Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/application-security-market-5100

Global Application Security Market - Impact of Coronavirus (Covid-19) Pandemic

With Covid-19 outbreak, almost all the key organizations have shifted to the work from home policy owing to the lockdown and the social distancing process and rules that have been made by the regulatory officials for the requirement of managing the application and the screening of the applications point of view remotely.

Key Takeaways:

The global 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 CARG of 18.5% between 2022 and 2030.

Static Application Security Testing Segment held the dominant position in the global application security market in 2021, accounting for 37.2% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.

Key Trends/Takeaways:

Trend 1:

Many companies have started the trend of having a web application being the vector of the attacks is not going far. The main attack patterns for the small organizations were the Web Applications from the SQL injection vulnerabilities and the PHP injection exposures as the much subjugated point of contact.

Trend 2:

The organizations are currently advocating the transformation towards the web application along with the system interfaces that are transported within a software as a service model. The web application infrastructure is being targeted by both the Denial of service attacks that is impacting the assets accessibility and by hijacking attacks leveraging the robbery of the confidential documents and data.

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.

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