U.S. Application Security Market to Grow at 12% CAGR Through 2030

According to the latest market research study published by P&S Intelligence, the U.S. application security market is poised for significant growth, with projections indicating an increase from $3,010.4 million in 2024 to $5,869.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 12.0% during the forecast period.

This surge is primarily driven by the escalating reliance on mobile and computer applications across various sectors, coupled with the rising threat of cyberattacks. In 2023 alone, the U.S. reported 3,205 cyberattack incidents, affecting over 353 million individuals through data compromises, leaks, and exposures.

As businesses increasingly transition to cloud-based applications, the demand for robust and adaptable security measures has become imperative.

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Key Insights

Segmentation Analysis:

• Static Application Security Testing (SAST): Dominated the market with a 40% revenue share in 2024. SAST is integral during the early stages of the software development lifecycle, enabling developers to identify and rectify vulnerabilities before application deployment.

• Dynamic Application Security Testing (DAST): Projected to experience the highest CAGR between 2025 and 2030. With the proliferation of web and mobile applications, DAST solutions are essential for identifying vulnerabilities in running applications, thereby preventing potential data breaches.

Regional and Geographical Trends:

• Western U.S.: Held the largest market share in 2024, attributed to the concentration of technology firms and early adoption of advanced security solutions.

• Southern U.S.: Anticipated to be the fastest-growing region from 2025 to 2030, driven by increasing investments in IT infrastructure and heightened awareness of cybersecurity threats.

Technological Advancements Shaping the Market:

• Artificial Intelligence (AI) and Machine Learning (ML): The integration of AI and ML technologies is revolutionizing application security by enabling real-time analysis of vast datasets, predicting potential vulnerabilities, and automating threat detection and response. This proactive approach enhances the efficiency and accuracy of security measures.

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Competitive Dynamics, Major Players, and Emerging Opportunities:

• Market Fragmentation: The U.S. application security market is characterized by fragmentation, with numerous key players such as IBM Corporation, Synopsys Inc., Require Security Inc., and Onapsis Inc.

• Strategic Developments: Companies are engaging in mergers and acquisitions to enhance their product portfolios and address diverse security requirements across industries. For instance, in August 2023, Synopsys Inc. partnered with NowSecure Inc. and Secure Code Warrior Ltd. to expand its application security testing solutions.

• Emerging Opportunities: The increasing adoption of open-source code and the development of in-house applications by businesses present significant opportunities for application security solution providers. As these practices introduce additional risks and vulnerabilities, there is a growing demand for comprehensive security tools that integrate seamlessly into developer workflows, facilitating early detection and mitigation of potential threats.

Browse Other reports Published by P&S:

Security as a Service Market - https://www.psmarketresearch.com/market-analysis/security-as-a-service-market

Public Safety and Security Market - https://www.psmarketresearch.com/market-analysis/public-safety-security-market

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