Application Security Software Market SWOT Analysis and Growing Forecast To 2024|Key Players: Micro Focus, Veracode, Rogue Wave, CAST Software, IBM, Synopsys, Parasoft, Checkmarx, Akamai, Trustwave Holdings, WhiteHat Security, QUALYS, INC, Secure Decisions

Application Security Software refers to the software tool to protect applications from external threats throughout their lifecycle. Application security is defined as the process of making apps more secure by finding, fixing, and enhancing the security of apps. Much of the process happens during the development phase, security tools and methods are used to protect apps once they are deployed.

The application security market is seeing a rapid growth primarily driven by the increase in the number of cyber-attacks and their sophistication, strict government regulations and growing smartphone penetration and adoption. Additionally, the space has seen a lot of investments by venture capitalists and private equity investors giving rise to a bunch of rising cybersecurity startups in the world. Other factors contributed to the growth of the application security market include the development and adoption of Internet of Things (IoT), digitization and automation in the industrial space, and technological development in the finance space especially in the emerging economies, etc.

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The global Application Security Software market is dominated by companies from IBM, Synopsys, Micro Focus, Veracode,WhiteHat Security and some others, top three players occupy for over 40% market share in 2018. The global Application Security Software market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Other prominent players in the market include Qualys, Trustwave Holdings, Akamai, Rapid7, Checkmarx, Intertrust, Rogue Wave Software, CAST Software, Secure Decisions, Parasoft, Kiuwan, GrammaTech, Acunetix Ltd, etc.

Based on end uses, the market is segmented into Web Application Security and Mobile Application Security. In 2018, Web Application Security segment occupied the largest market share, 70.95%, while Mobile Application segment is growing rapidly in recent years, with a forecast market share of 33.09% in 2024. And small & mid-size businesses are expected to grow at a higher rate as compared to the large enterprises segment during the forecast period.

According to this study, over the next five years the Application Security Software market will register a 19.5% CAGR in terms of revenue, the global market size will reach US$ 8353.4 million by 2024, from US$ 3434.9 million in 2019. In particular, this report presents the global revenue market share of key companies in Application Security Software business, shared in Chapter 3.

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This report presents a comprehensive overview, market shares and growth opportunities of Application Security Software market by product type, application, key companies and key regions.

This study considers the Application Security Software value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Cloud-based
On-Premise
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Web App
Mobile App

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Micro Focus
Veracode
Rogue Wave
CAST Software
IBM
Synopsys
Parasoft
Checkmarx
Akamai
Trustwave Holdings
WhiteHat Security
QUALYS, INC
Secure Decisions
Rapid7
Kiuwan
GrammaTech
Acunetix Ltd
Intertrust

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Application Security Software market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Application Security Software market by identifying its various subsegments.
Focuses on the key global Application Security Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Application Security Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Application Security Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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