The application security (AppSec) market is expanding swiftly because of heightened dependence on applications and the growing risk of cyberattacks. The recurring and complex characteristics of these attacks create a demand for robust AppSec solutions. As companies transition to cloud-based applications, fresh security challenges arise, necessitating flexible and strong controls. AppSec vendors are creating intuitive tools that merge with developer processes to detect vulnerabilities at an early stage. Small and medium-sized enterprises, along with organizations with constrained security resources, are seeking assistance from Managed Security Service Providers (MSSPs) for cost-effective expertise. Furthermore, the extensive adoption of open-source software requires the development of AppSec solutions to effectively protect open-source code.
The Application Security Market is Valued USD 10.5 billion in 2024 and projected to reach USD 32.9 billion by 2032, growing at a CAGR of 14.93% During the Forecast period of 2024-2032.
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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.
Top companies covered in this report: IBM Corporation, Oracle Corporation, HCL Software, Micro Focus, Capgemini, Onapsis, Checkmarx, Hewlett Packard Enterprise Development LP, Micro Focus International PLC, Checkmarx Ltd, Veracode (Thoma Bravo), Synopsys Inc., WhiteHat Security Inc.( NTT Security Corporation), Rapid7 Inc., Qualys Inc., SiteLock LLC, Contrast Security, and others.
Recent Development:
In January 2024, IBM, the IT Services and Consulting company acquired Advanced. IBM announced its acquisition of application modernization capabilities from Advanced, aiming to strengthen its hybrid cloud and AI offerings. Expected to be finalized in Q2 2024, the deal will enhance IBM Consulting's services, particularly in mainframe application and data modernization, supporting clients' digital transformation journeys.
Application Security Market Segmentation:
By Component
Solutions
Anti-virus
Data Backup & Recovery
Others
Services
Professional Services
Managed Services
By Deployment Mode
On-premise
Cloud
By Organization Size
Large Enterprise
SMEs
By Security Type
Web Application
Mobile Application
By Testing Type
Static Application Security testing
Dynamic Application Security testing
Interactive Application Security testing
Runtime Application Security testing
By Vertical
BFSI
Healthcare
IT & Telecom
Manufacturing
Government & Public Sector
Retail & E-commerce
Others
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Regional Analysis
North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)
The North American application security market is currently experiencing substantial growth, fueled by several pivotal factors. Foremost among these is the concerning rise in security breaches targeting business applications, prompting companies to prioritize bolstering their security measures. This heightened awareness and urgency have significantly boosted the demand for advanced application security solutions. Moreover, the increasing adoption of cloud-based applications has further propelled this demand as organizations seek robust safeguards for their cloud-centric operations. Industry leaders such as IBM, Cisco, and Synopsys are spearheading the provision of cutting-edge security solutions tailored to the evolving needs of North American businesses.
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Important Features of the reports:
- Detailed analysis of the Application Security Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Application Security Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Application Security Market performance.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Application Security Market.
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Application Security Market
How big will the market and growth rate be in 2032?
What are the key drivers for the global Application Security Market?
What are the major market trends influencing the growth of the global Application Security Market?
What are the challenges for market growth?
Who are the key vendors in the global Application Security Market?
What market opportunities and threats are vendors facing in the global Application Security Market?
What are the main findings of the five forces analysis of the global Application Security Market?
Conclusion: At the end of the Application Security Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.
Customization of the report: The report can be customized according to the client’s requirements. Get in touch with our sales experts and we’ll make sure you get a report that fits your needs.
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