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Application Security Market Latest technology advancements, Growth and Huge Business Opportunities 2021 to 2025
The Application Security Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The Application Security Market was valued at USD 4.00 billion in 2019 and is expected to reach USD 15.25 billion by 2025, at a CAGR of 25% over the forecast period 2020 - 2025.
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Competitive Landscape:
Top Companies: IBM Corporation, Oracle Corporation, 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, Positive Technologies, Fasoo.com, Inc.
Market Overview:
Application security has become a necessity with an increasing number of companies looking to develop their own apps, in addition to purchasing a record number of applications and incorporating open source code into their applications, as the vulnerabilities and risks associated with these applications have also risen exponentially. Application security encompasses measures taken to improve the security of an application often by finding, fixing, and preventing security vulnerabilities. Different techniques are used to surface such security vulnerabilities at different stages of an application's lifecycle, such as design, development, deployment, upgrade, maintenance.
Industry News and Updates:
- April 2019 - IBM partnered with the Indian government for securing Indias servers on the cloud to protect from cyber attacks and criminals.
- March 2019 - Oracle developed new advanced customer support which will help it thrive in the cloud. The new support will increase the customers cloud performance and compliance.
- October 2018 - Fortinet added FortiWeb, its web-based application solutions virtual machines to support Oracle cloud in their latest release. Through this update, the company expanded its web application security solutions on leading cloud platforms with bring-your-own-license support.
Key Market Trends:
North America Accounts for the Largest Market Share
- In the digital age, financial crimes against banks and other financial services institutions are accelerating rapidly. Through 2020, globally, card fraud is expected to increase to USD 183.29 billion.
- The BFSI sector in the United States has more than one exabyte of stored data. This data has been generated from various sources, such as credit/debit card histories, customer bank visits, banking volumes, call logs, account transactions, and web interactions.
- Due to the high availability of adequate infrastructure, the presence of numerous global financial institutions, increased adoption of IoT devices and internet users, the growth of threat intelligence solutions in the North American region is expected to rise.
- Additionally, the proliferation of digital services and technological advancements coupled with the early adoption of the latest technologies in the banking sectors are supplementing the growth of the region.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Application Security Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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