Application Security Market Size, Insights, Share, Growth | Valuates Reports

Application Security Market by Component (Solution and Services), Deployment Mode (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), Type (Web Application Security and Mobile Application Security), Testing type (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), and Runtime Application Self-Protection (RASP)) Industry Vertical (BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Public Sector, Retail & E-commerce, and Others) and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030.

The global application security market size was valued at $5,973.00 million in 2020, and is projected to reach $33,941.00 million by 2030, registering a CAGR of 18.7%.

The COVID-19 outbreak has fueled demand for application security solutions in the face of unprecedented circumstances. For instance, a more number of companies are shifting their security efforts toward endpoint security for the work from home systems. In addition, the security teams within the enterprises which do not have resources are adopting these solutions to address various web application security issues; thus, boosting demand for effective application security solutions.

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Top impacting factors

The global application security market growth is mainly driven by the factors such as increase in security breaches targeting business applications and strict compliance as well as regulatory requirements for application security. In addition, surge in demand for application security in retail and e-commerce organizations along with the upsurge in smartphone adoption fuels the demand for application security. Moreover, increase in shift towards cloud accessed applications has propelled the demand for application security solutions. However, budget constraints for deploying application security are anticipated to hamper the market growth to some extent. On the other hand, integration of AI and ML in application security is expected to provide lucrative opportunities for the market growth during the forecast period.

Key Companies:
• IBM Corporation
• Capegemini
• MicroFocus
• Cisco Systems Inc.
• Synopsys
• Veracode
• Whitehat Security
• RAPID7
• Qualys
• HCL Technologies

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Similar Reports:

1. Web application firewalls market: https://reports.valuates.com/market-reports/QYRE-Auto-12G6063/global-web-application-firewalls

2. Cloud application security service market: https://reports.valuates.com/market-reports/QYRE-Auto-22O5962/global-cloud-application-security-service

3. Enterprise mobile application security market: https://reports.valuates.com/reports/INFO-Othe-250/global-enterprise-mobile-application-security

4. Run time application self protection market: https://reports.valuates.com/market-reports/QYRE-Auto-16A6096/global-runtime-application-self-protection

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