Application Security Testing Market - Market is expected to witness substantial growth during Forecast by 2025
Each of the above mentioned testing methods have their own advantages and disadvantages, due to which multiple methods are applied to an application. The companies depending on their requirements – whether they require a comprehensive testing to be carried out, or only a part of the application needs to be tested, make the decision of using one of the above mentioned methods of application security testing.
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Application Security Testing Market: Drivers and Challenges
One of the major driving factor of application security testing market is rise in number of security breaches across organizations which is pushing organizations to implement application security testing into their applications. Rising government compliance on data security, cloud adoption across several enterprises (both SMEs and large scale) and increasing number of sophisticated threats are other prominent driving factors of wide adoption of application security testing market. With evolution of next-generation threat intelligence solutions, rapid adoption of bring your own device (BYOD) model and integration of big data analytics with threat intelligence software are also encouraging to organizations; especially banking and financial services to implement application security testing into their applications.
Application Security Testing Market: Segmentation
Segmentation on the basis of deployment type:
Segmentation on the basis of type of testing:
Static Application Security Testing
Dynamic Application Security Testing
Interactive Application Security Testing
Mobile Application Security Testing
Segmentation on the basis of enterprise:
Large scale Enterprises
Segmentation on the basis of vertical:
IT & Telecommunications
Government & Defense
Energy & Utilities
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Application Security Testing Market: Key Market Players
Few of the companies in Application Security Testing market are: Hewlett Packard Enterprise, IBM Corporation, Veracode, WhiteHat Security, Acunetix, Cigital, Checkmarx Inc., Rapid7, Qualys, Inc. and PortSwigger. These companies are focused towards continually updating their existing software and services in order to increase their market share in application security testing market.
Application Security Testing Market: Regional Overview
Application security testing market is currently dominated by North America region owing to technological advancements and wide adoption of application security testing services with the enterprises existing applications. Europe application security testing market follows next as various end user industry verticals such as defense and government agencies are fast adopting application security testing. Asia Pacific application security testing market is growing at an exponential rate owing to enterprises realizing the importance of application security testing software.
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