Market Insights:
Application Security Market size was valued at USD 7.36 Billion in 2021, registering a CAGR of 17.99% during the forecast period (2022-2030), and the market is projected to be worth USD 32.62 Billion by 2030.
Application security is the process of safeguarding applications by detecting, repairing, and improving their security. It enhances security capabilities within apps to protect against dangers such as unauthorised modification and access. It entails a number of proactive methods to identify and repair vulnerabilities before hackers may exploit them. Application security solutions provide a variety of benefits to businesses, including keeping customer data safe to boost consumer confidence, protecting sensitive data from leaks, and increasing trust from critical lenders and investors.
Application Security Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Web Application Security, Mobile Application Security), By Deployment (On-Premises, Cloud), By Organization Size (Large Enterprises, SM Enterprises), By End User (BFSI, Retail, Government, Healthcare, IT & Telecom, Education, Energy & Utilities, Media & Entertainment, Manufacturing) and companies (Veracode, Whitehat Security, RAPID7, Qualys, HCL Technologies, IBM Corporation, Capegemini, MicroFocus, Cisco Systems Inc., Synopsys.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 17.99%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Application Security in the Network Security industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Application Security also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Application Security in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 32.62 Billion |
| CAGR (2022-2030) | 17.99% |
| By Type | Web Application Security, Mobile Application Security. |
| By Deployment | On-Premises, Cloud. |
| By Organization Size | Large Enterprises, SM Enterprises |
| By End User | BFSI, Retail, Government, Healthcare, IT & Telecom, Education, Energy & Utilities, Media & Entertainment, Manufacturing. |
| By Testing | Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing, Runtime Application Self-Protection. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Veracode, Whitehat Security, RAPID7, Qualys, HCL Technologies, IBM Corporation, Capegemini, MicroFocus, Cisco Systems Inc., Synopsys. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Application Security market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Veracode, Whitehat Security, RAPID7, Qualys, HCL Technologies, IBM Corporation, Capegemini, MicroFocus, Cisco Systems Inc., Synopsys.
Market Segment Analysis:
By Type
- Web Application Security
- Mobile Application Security
By Deployment Mode
- On-Premises
- Cloud
By Organization Size
- Large Enterprises
- SM Enterprises
By End User
- BFSI
- Retail
- Government
- Healthcare
- IT & Telecom
- Education
- Energy & Utilities
- Media & Entertainment
- Manufacturing
By Testing
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
- Runtime Application Self-Protection (RASP)
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Application Security industries in the region.
Key Application Security Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Application Security Market segments.
– Largest Market Share Held by Industry to Industry for Application Security
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Application Security Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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