Application Security Market to Enter USD USD 19.10 billion by 2025 Clocking at a CAGR of 26.78% in Coming Future

Market Overview:

The Global Application Security Market was valued at USD 2.26 billion in 2016 and is projected to reach USD 19.10 billion by 2025, growing at a CAGR of 26.78% from 2017 to 2025.

Application security is the set of processes that are taken for the improvement of security of an application. This is done by preventing, finding or fixing security vulnerabilities. There are several kinds of application security such as antivirus programs, firewalls and encryption programs that can ensure the security of a system by preventing unauthorized access. The advantages of application security are total system protection and the safety and security of confidential data.

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The digitalization of emerging economies had caused the growth for the adoption of smartphones and the evolution of the Internet of Things (IoT). This, along with the rise in the deployment of third-party applications and cyber-attacks has led to the need to protect enterprise application data. The high deployment costs and poor knowledge of cyber security have led to restraints in the growth of the application security market.

Competitive Landscape:

The major players in the market are as follows:

High-Tech Bridge
Fasoo
Contrast Security
HPE
Qualys
IBM Corporation
Rapid7
Whitehat Security
Pradeo
Veracode (CA Technologies)
Synopsys
Trustwave (Singtel)
Acunetix
Sitelock
Checkmarx

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This release was published on openPR.