Global Application Security Market, By Solution (Web apps, Mobile apps), Service (Professional, Managed), Testing (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing), Deployment (On-cloud, On-Premise), Organization (Large Enterprises, Small and Medium Enterprises), End-user (Government and Defense, Banking, Financial Services and Insurance, IT and Telecom, Healthcare, Retail, Education, Other Verticals) – Industry Trends and Forecast to 2030.
Global Application Security Market Analysis and Size
Several benefits that comprise of comprehensive vsulnerability coverage, false-positive reduction, entire code coverage that includes the frameworks and libraries, and zero process disruption are one of the major factors that are expected to boost the growth of the application security market. Factors such as hyper-connected business environment is boosting the rapid growth of digital solutions, devices, and related services which in result are the points anticipated to positively influence the growth of the application security market.
Data Bridge Market Research analyses that the global application security market is expected to grow at a CAGR of 26.35% during the forecast period of 2023 to 2030, at a USD 6.7 billion in 2022 and is further estimated to reach USD 15.9 billion by 2030. Based on solution, the application security market is segmented into web apps, mobile apps. web apps segment dominated the global application security market due to the rise in demand for mobile application security as well as web application security drives the growth of this segment. The rising of cyber-attacks, and the suitable government administrations related to the application security ID are one of the major factors contributed to propel the growth of the application security market. Also, absence of knowledge amongst people about cybersecurity and unawareness of application safety by several industries are hampering the growth of the application security market.
Application Security Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Solution (Web apps, Mobile apps), Service (Professional, Managed), Testing (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing), Deployment (On-cloud, On-Premise), Organization (Large Enterprises, Small and Medium Enterprises), End-user (Government and Defense, Banking, Financial Services and Insurance, IT and Telecom, Healthcare, Retail, Education, Other Verticals) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa |
Market Players Covered |
VERACODE (U.S), Hewlett Packard Enterprise Development LP (U.S), Synopsys, Inc (U.S), IBM (U.S), WhiteHat Security (U.S), Qualys, Inc (U.S), Checkmarx Ltd. (Israel), Acunetix (Malta), Rapid7 (U.S), Trustwave Holdings, Inc. (U.S), High-Tech Bridge SA (Switzerland), Contrast Security (U.S), SiteLock (U.S), Pradeo (France), Fasoo, Inc (South Korea), Oracle (U.S), Micro Focus (U.K), Positive Technologies (Russia), among others |
Market Opportunities |
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Market Definition
Application security solutions are the support provided by security vendors in conjunction to the application security services. These solutions are concentrated on aiding the organizations accomplish their business goals together with their item offerings.
Global Application Security Market Dynamics
Drivers
- Increasing Cybersecurity Threats
One of the primary drivers for the global application security market is the ever-increasing cybersecurity threats. With the growing reliance on digital technology and the internet, applications have become a prime target for cyberattacks. As cybercriminals develop more sophisticated methods, organizations are compelled to invest in robust application security solutions to protect their sensitive data and maintain customer trust.
- Stringent Regulatory Compliance Requirements
Stringent regulatory compliance requirements, such as GDPR, HIPAA, and CCPA, have created a strong demand for application security solutions. Organizations across various industries must adhere to these regulations to avoid hefty fines and reputational damage. Compliance mandates often necessitate the implementation of security measures, including application security tools, driving the growth of the market..
Opportunity
• Adoption of Cloud-Based Applications
The increasing adoption of cloud-based applications presents a significant opportunity for the application security market. As more businesses migrate their operations to the cloud, securing these applications becomes crucial. Vendors offering cloud-native security solutions and services are well-positioned to capitalize on this trend.
- Emerging Technologies like IoT and AI
Emerging technologies like the Internet of Things (IoT) and artificial intelligence (AI) provide opportunities for application security vendors. IoT devices and AI-driven applications introduce new security challenges, creating a demand for innovative security solutions that can protect these technologies from threats and vulnerabilities
Restraint/Challenge Global Application Security Market:
- Complexity of Application Environments
The complexity of modern application environments, including microservices, containers, and multi-cloud setups, poses a significant challenge. Ensuring comprehensive security across diverse and dynamic application landscapes can be complex and requires continuous monitoring and adaptation of security measures.
- Lack of Skilled Security Professionals
A shortage of skilled cybersecurity professionals is a persistent challenge in the application security market. The demand for experts who can effectively implement and manage application security solutions often outpaces the supply. This shortage can hinder organizations' ability to fully leverage security technologies and navigate evolving threats effectively.
Recent Development
- In September 2020, Micro Focus has introduced Hybrid Cloud Management X, designed to simplify the delivery of multicloud services. The offering is a cloud-native, multi-tenant management platform that can run in the public cloud or onpremises.
- In June 2020, MicroFocus introduced “Fortify on Demand”, an application security testing services for AWS GovCloud. The service has the ability to offer enhanced testing, and vulnerability management to support critical federal agencies.
Global Application Security Market Scope
The application security market is segmented on the basis of solution, service, testing, deployment, organization and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Solution
- Web apps
- Mobile apps
Service
- Professional
- Managed
Testing
- Static Application Security Testing
- Dynamic Application Security Testing
- Interactive Application Security Testing
Deployment
- On-cloud
- On-Premise
Organization
- Large Enterprises
- Small and Medium Enterprises
End-user
- Government and Defense
- Banking
- Financial Services and Insurance
- IT and Telecom
- Healthcare
- Retail
- Education
- Other Verticals
Global Application Security Market Region Analysis/Insights
The application security market is analysed and market size, volume information is provided by country, solution, service, testing, deployment, organization and end-user as referenced above.
The countries covered in the application security market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the application security market because of the high accessibility of satisfactory infrastructure, the importance of multiple global financial institutions, the growing acceptance of IoT devices and Internet consumers, the development of threat intelligence solutions are the factors anticipated to positively influence the growth of the application security market in the region.
Asia Pacific is estimated to observe significant amount of growth in the application security market due to the low on finances for the cybersecurity organizations in this region make more use of open source functions for safety testing purposes, which has high potential infringement concerns, operational risks, and malpractices. The absence of cybercrime legislation in these countries, as well as the lack of awareness and knowledge of basic safety, that makes most online transactions highly prone to the digital thefts, one of the constraining reasons for malware attacks, such as ransomware.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Application Security Market Share Analysis
The application security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to application security market.
The major players covered in the global application security market report are
- VERACODE (U.S)
- Hewlett Packard Enterprise Development LP (U.S)
- Synopsys, Inc (U.S)
- IBM (U.S)
- WhiteHat Security (U.S)
- Qualys, Inc (U.S)
- Checkmarx Ltd. (Israel)
- Acunetix (Malta)
- Rapid7 (U.S)
- Trustwave Holdings, Inc. (U.S)
- High-Tech Bridge SA (Switzerland)
- Contrast Security (U.S)
- SiteLock (U.S)
- Pradeo (France)
- Fasoo, Inc (South Korea)
- Oracle (U.S)
- Micro Focus (U.K)
- Positive Technologies (Russia)
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