Application Security Software Market Size to Record 16.7% CAGR Through 2028 IBM, Cisco Systems, Capgemini, WhiteHat Security, HCL Software, MicroFocus, Oracle, Qualys, GitLab, and Synopsys

The rise in security incidents that target corporate applications and strict compliance and regulatory standards for application security are the main factors propelling the global application security software market's expansion. Due to the increased use of smartphones and the need for businesses engaged in retail and e-commerce, the demand for application security is also increasing. As more apps are used in the cloud, there is also a higher demand for application security solutions. These factors are projected to boost the global application security software market. The size of the global application security software market, which was estimated at $5,973.04 million and is expected to grow at a CAGR of 16.7% to $15,941.04 million by 2030.

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Additionally, the application security software industry will expand as a result of the integration of AI and ML. In order to enhance already-existing application security capabilities, artificial intelligence (AI) is growing in popularity in the field of cyber security. In order to anticipate, deduce, or apply implications to detect security vulnerabilities, forecast security threats, and identify the security code remedial guidelines, a variety of AI domains, including machine learning (ML) and expert systems, are expected to be utilized. Furthermore, AI-enabled tools like user & event behavior analytics (UEBA) may look at user activity on endpoints and servers and find abnormalities that can indicate to an undetected attack.

The demand for application security software has also increased as more apps are being accessible via the cloud. Budgetary limitations for implementing application security, however, are likely to somewhat impede industry expansion. However, over the projected period, the incorporation of AI and ML in application security is anticipated to offer attractive potential for global application security software market growth.

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Application security software lower the security risks associated with the varied activities of different applications, including online and mobile apps. With enterprises often connecting to several business-critical services, it was predicted that online applications will continue to be the most common cause of verified breaches. The risk of a breach has been steadily rising online. Several studies show that more resources or attention still need to be dedicated to information security, especially cybersecurity, in the workplace, despite the rising incidence of data breaches and cybercrime. Businesses waste thousands of programmes when they only utilize them for tasks that are essential to their operations, including making payments or purchasing products and services.

Due to the region's high accessibility to reliable infrastructure, the growing acceptance of Internet users and IoT devices, the significance of numerous international financial institutions, and the development of threat intelligence solutions, North America currently holds a dominant position in the application security market.

Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Application Security Software Market by Deployment Model, 2022-2029 (USD Billion)
5. Application Security Software Market by Industry, 2022-2029 (USD Billion)
6. Application Security Software Market by End-Use, 2022-2029 (USD Billion)
7. Application Security Software Market by Price Range, 2022-2029 (USD Billion)
8. Application Security Software Market by Region, 2022-2029 (USD Billion)
9. Competitive Landscape
10. Company Profiles
11. Appendix

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