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Application Security Testing Market Trends and Analysis - Opportunities and Challenges for Future Growth (2024 - 2031)

08-03-2024 04:05 PM CET | Arts & Culture

Press release from: Report Prime

Application Security Testing Market Trends and Analysis -

Application Security Testing Market Snapshot: Insight into Market Trends and Movements

Application Security Testing involves identifying vulnerabilities within applications to safeguard them against threats and ensure compliance with security standards.

The Application Security Testing market is experiencing significant growth due to increasing cyber threats and the rising dependence on applications across industries. Organizations are prioritizing security solutions to mitigate risks associated with data breaches and regulatory compliance. The surge in cloud-based applications and DevOps practices is further driving demand for automated security testing tools. Emerging technologies like artificial intelligence and machine learning are enhancing testing capabilities, providing more efficient threat detection and remediation methods. Additionally, the focus on integrating security early in the development lifecycle, known as DevSecOps, is reshaping strategies within the market. As businesses prioritize application security, the Application Security Testing Market is projected to exhibit a robust CAGR of 20.00% during the forecast period, reflecting the critical need for effective security measures in a rapidly evolving digital landscape.

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Application Security Testing Market Opportunities and Challenges

The growth of the Application Security Testing (AST) market may be hindered by several factors, including budget constraints among organizations, a lack of skilled cybersecurity professionals, and the complexity of integrating AST tools into existing development processes. Additionally, the perceived low priority of application security relative to other security measures can further stall investment. However, the market exhibits significant potential for growth, particularly in sectors like finance, healthcare, and e-commerce, where data protection is paramount. Emerging opportunities lie in the adoption of DevSecOps practices, automation of security testing, and the integration of artificial intelligence to enhance threat detection and response. With the increasing prevalence of cyber threats, organizations are investing more in holistic AST strategies, creating a suitable environment for innovation and development of advanced security solutions tailored for cloud-native applications and APIs, thus paving the way for a more robust application security landscape.

Market Segmentation by Type, Application and Regional Insight

By Product Type:

• Static AST
• Dynamic AST
• Interactive AST
• Mobile AST

The Application Security Testing (AST) market encompasses several types tailored to different testing needs. Static AST analyzes source code without executing the program, identifying vulnerabilities early in the development cycle. Dynamic AST tests running applications in real-time, simulating attacks to uncover security issues during runtime. Interactive AST combines both static and dynamic approaches, offering comprehensive insights into application security. Mobile AST focuses specifically on vulnerabilities within mobile applications, addressing unique risks associated with mobile environments. Together, these types enhance overall application security.

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By Application:

• SMEs
• Large Enterprises

The Application Security Testing market caters to various organizations, including small and medium enterprises (SMEs) and large enterprises. SMEs rely on cost-effective, scalable solutions to identify vulnerabilities early in the development process, enhancing their software security while minimizing risks. In contrast, large enterprises often require comprehensive, integrated testing frameworks that address complex applications and regulatory compliance. Both segments prioritize safeguarding sensitive data and maintaining customer trust, driving demand for innovative tools and practices in the evolving cybersecurity landscape.

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Regional Market Landscape:

The Application Security Testing Market demonstrates significant presence across:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


**United States:**

The U.S. Application Security Testing (AST) market is one of the largest globally, valued at approximately $4 billion in 2023, with a CAGR of about 15% through 2030. Key players include Veracode, Checkmarx, and Synopsys. Demand is driven by stringent cybersecurity regulations and increasing cloud adoption. Unique regional factors include the high rate of digital transformation across industries. Emerging trends include the integration of AI in security testing tools and growing investments in DevSecOps practices.

**Canada:**

Canada's AST market is growing, expected to reach $800 million by 2025, with a CAGR of around 12%. Major players like Contrast Security, and Qualys dominate. The growth is influenced by strong government regulations enhancing data protection and an increasing emphasis on cybersecurity awareness. The rise of remote work has also amplified the demand for effective AST solutions. Opportunities lie in startups focusing on innovative security solutions and collaborations between tech firms.

**Europe (Germany, France, U.K., Italy, Russia):**

The European AST market is projected to be worth $3 billion by 2025. Countries like Germany and the U.K. are leading, with a CAGR of approximately 14%. Key players include Snyk, Verbace and Rapid7. Unique regulations like GDPR drive demand for AST solutions. Moreover, the growing adoption of Agile and DevOps practices is pushing for faster security protocols. Emerging trends include a focus on third-party risk management and integrating application security into existing software development lifecycles.

**Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia):**

The Asia-Pacific AST market is expected to reach $2.5 billion by 2026, with a CAGR of 18%. Rapid digitalization, especially in India and China, combined with a rise in cyber threats, drives demand. SaaS and cloud initiatives present growth opportunities. Key players like Fortinet, and Checkmarx have established local partnerships. Emerging trends include the adoption of automation in security testing and the focus on regulatory compliance.

**Latin America (Mexico, Brazil, Argentina, Colombia):**

The Latin American AST market is anticipated to reach $600 million by 2025, with a growth rate of 10%. Brazil and Mexico are the primary contributors. Key players include Veracode and Qualys. Factors such as increasing cybercrime rates and rising awareness regarding data protection drive demand. Opportunities exist in developing local solutions tailored to regional needs. Emerging trends include increased funding in cybersecurity by governments and enhanced collaboration between sectors.

**Middle East & Africa (Turkey, Saudi Arabia, UAE, South Africa):**

The AST market in the Middle East & Africa is projected to grow at a CAGR of 16%, reaching around $500 million by 2025. Saudi Arabia and the UAE are the leading markets, driven by stringent regulations like the Saudi Cybersecurity Framework. Key players include Paladin Technologies and CyberArk. Emerging trends include the push for digital transformation across sectors and increased investments in local cybersecurity startups, presenting numerous opportunities for technology integration and innovation.

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Competitive Intelligence and Market Share Analysis:

The Application Security Testing (AST) market is increasingly vital as organizations prioritize cyber resilience. Key players like CAST, Checkmarx, Contrast Security, GitLab, HCL Software, Micro Focus, Onapsis, Rapid7, Synopsys, Veracode, and WhiteHat Security significantly shape this landscape.

**Checkmarx** specializes in software security solutions with a strong focus on Static Application Security Testing (SAST). The company has experienced consistent growth, driven by increasing demand for security throughout the software development lifecycle. In recent years, Checkmarx reported annual revenues exceeding $200 million.

**Veracode**, a pioneer in application security, offers a holistic approach combining SAST, Dynamic Application Security Testing (DAST), and Software Composition Analysis (SCA). Its strong enterprise adoption and successful partnerships have positioned Veracode as a market leader with revenues reportedly around $160 million annually.

**Contrast Security** provides innovative solutions using runtime application self-protection (RASP). The company focuses on integrating security directly into applications, enabling organizations to detect and mitigate threats in real-time. Recently, Contrast has bolstered its market presence, capturing notable market share within the AST sector.

**GitLab**, primarily known for its DevOps platform, offers integrated security features, expanding the scope of its services to include AST, appealing to users looking for a comprehensive solution. GitLab's annual revenue reached approximately $450 million recently, reflecting robust growth spurred by the growing demand for unified DevSecOps tools.

Overall, the AST market is expected to grow significantly, fueled by increasing cyber threats and regulatory pressures. The total market size for AST is projected to reach around $6 billion, with a compound annual growth rate (CAGR) of around 20% in the coming years, driven by innovations from these key players.

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LP INFORMATION recently released a research report on the Steel AST analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Steel AST 2020-2025” Research Report categorizes the global Steel AST by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities
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LP INFORMATION recently released a research report on the Floating Roof AST analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Floating Roof AST 2020-2025” Research Report categorizes the global Floating Roof AST by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share,
ASt appoints new Director and CEO
After 23 years of successful growth, Advanced Spatial technologies Pty Ltd and CADDWest Bureau are proud to announce a new management structure. Tai Nguyen, who has been a key member of the management team since joining in 2006 has now stepped into the role of Owner Principal and Director. Building on a Bachelor of Science in Software Engineering, Tai has acquired over 12 years’ experience in the AEC software
Differential Pressure Sensor from AST for Liquids and Gases
American Sensor Technologies, Inc. (AST) now offers the AST5400 wet / wet differential pressure sensor (also termed differential pressure transducer or transmitter) to measure line pressures up to 2,000 PSI with a turndown ratio of 15 to 1. This cost effective product was developed to bring the features of differential pressure sensors to the process industry market. Using Krystal Bond™ Technology, the AST5400 contains no silicone oil, O-rings, or welds. This
AST Enzymes | Serracor-NK: Circulatory and Inflammation Support
Serracor-NK™ is a carefully researched blend of powerful systemic enzymes formulated to support a healthy cardiovascular system and the body’s normal response to inflammation. SEBkinase®-CV, contained in Serracor-NK, combines two enteric coated, fibrinolytic proteases: Peptizyme SP® (Serrapeptase) and NattoSEB® (Nattokinase) both of which specifically address fibrin levels in the body. Serrapeptase and Nattokinase promote healthy inflammatory responses, help normalize fibrin levels in the circulatory system, and reduce both blood viscosity and