[Latest] Global Application Security Market Size/Share

Austin, TX, USA, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Application Security Market Size, Trends and Insights By Solution (Web Application security, Mobile Application Security), By Services (Managed, Professional), By Testing Type (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Runtime Application Self-Protection (RASP)), By Deployment (Cloud, On-premise), By Organization size (Small and medium enterprise, Large enterprise), By End-User (BFSI, Government and defense, Healthcare, IT & Telecom, Manufacturing, Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Application Security Market size & share was valued at approximately USD 5.2 Billion in 2022 and is expected to reach USD 5.8 Billion in 2023 and is expected to reach a value of around USD 11.2 Billion by 2032, at a compound annual growth rate (CAGR) of about 18% during the forecast period 2023 to 2032.”

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Application Security Market -Growth Factors and Dynamics

Increasing Cybersecurity Threats: The relentless evolution of cyber threats, including sophisticated attacks targeting application vulnerabilities, drives the continuous need for robust application security solutions. Organizations must stay ahead of emerging threats to safeguard their digital assets.

Rapid Technological Advancements: The fast-paced evolution of technology, such as cloud computing, mobile applications, and IoT devices, introduces new complexities and security challenges. Application security must adapt to secure these diverse and interconnected environments.

Shift to DevSecOps: The integration of security practices into the DevOps process (DevSecOps) has led to the recognition that security should be a collaborative effort throughout the software development lifecycle. This dynamic drives the demand for security measures that seamlessly align with agile methodologies.

Regulatory Compliance and Data Privacy: Stringent data protection regulations (e.g., GDPR, CCPA) and industry-specific compliance mandates require organizations to ensure the security of applications that handle sensitive data. Non-compliance can result in severe penalties, driving the need for robust application security measures.

Growing Awareness of Application Vulnerabilities: As more organizations recognize the potential risks associated with application vulnerabilities, they are investing in proactive security measures to prevent data breaches, financial losses, and reputational damage.

Complexity of Applications: Modern applications are intricate, comprising diverse components and third-party integrations. Ensuring comprehensive security across this complexity is a dynamic challenge that drives innovation in application security solutions.

Focus on Secure Coding Practices: Organizations are placing greater emphasis on secure coding practices and training developers to write code that is inherently secure. This dynamic promotes a proactive approach to preventing vulnerabilities.

Integration of AI and Machine Learning: Artificial intelligence and machine learning technologies are being leveraged to enhance application security by detecting and mitigating threats in real time, providing advanced threat intelligence, and automating security processes.

Evolving Cyberattack Tactics: Cybercriminals are constantly innovating their attack methods, necessitating continuous advancements in application security solutions to counteract evolving threats.

Cloud Security and Containerization: The migration of applications to cloud environments and the adoption of containerization require specialized security measures tailored to protect applications in these dynamic and distributed architectures.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 5.8 Billion
Projected Market Size in 2032	USD 11.2 Billion
Market Size in 2022	USD 5.2 Billion
CAGR Growth Rate	18% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Solution, Services, Testing Type, Deployment, Organization Size, End-User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Application Security report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Application Security report has been modified to include the COVID-19 impact study prior to delivery.)

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Application Security Market: COVID-19 Analysis

Remote Work and Digital Transformation: The sudden shift to remote work and increased reliance on digital platforms during the pandemic created new avenues for cyber threats. Organizations accelerated their digital transformation efforts, deploying new applications and expanding existing ones, leading to heightened demand for application security solutions.

Heightened Cybersecurity Concerns: The rapid adoption of remote work and increased online activity created a larger attack surface for cybercriminals. Organizations faced elevated risks of application vulnerabilities and cyberattacks, necessitating robust application security measures.

Focus on Business Continuity: Ensuring business continuity became a priority during the pandemic. Organizations needed to secure their applications to prevent disruptions, protect sensitive data, and maintain operational efficiency in a remote work environment.

Increased Vulnerabilities: The urgency to deploy new applications quickly, often with limited testing, raised concerns about the introduction of vulnerabilities. Attackers exploited these vulnerabilities, leading to an increased emphasis on rigorous application security testing.

Phishing and Social Engineering: Cybercriminals exploited the pandemic through phishing attacks and social engineering tactics that targeted vulnerabilities in applications. This highlighted the need for effective security measures to counteract such threats.

Supply Chain Risks: Organizations relying on third-party applications and services faced supply chain risks as vulnerabilities in these components could lead to compromises. This underscored the importance of comprehensive application security, including third-party assessments.

Remote Application Vulnerabilities: The use of personal devices and networks for work introduced new security challenges. Remote applications needed enhanced security to mitigate risks associated with unsecured endpoints.

Evolving Regulatory Landscape: Despite the pandemic, regulatory requirements for data protection and privacy remained in effect. Organizations were compelled to ensure compliance even as they adapted to remote work and changes in their application landscape.

Demand for Cloud-Based Security: As cloud adoption increased to support remote work and digital transformation, there was a surge in demand for cloud-based application security solutions to protect applications in distributed environments.

Opportunities for Innovation: The pandemic prompted innovation in application security solutions, with a focus on real-time threat detection, remote security assessments, and advanced analytics to address evolving cyber risks.

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Key questions answered in this report:

What is the size of the Application Security market and what is its expected growth rate?
What are the primary driving factors that push the Application Security market forward?
What are the Application Security Industry's top companies?
What are the different categories that the Application Security Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Application Security market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Application Security Market:

IBM
Hewlett Packard Enterprise Development LP
Qualys Inc.
WhiteHat Security Inc.
Veracode
Others

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Browse the full “Application Security Market Size, Trends and Insights By Solution (Web Application Security, Mobile Application Security), By Services (Managed, Professional), By Testing Type (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Runtime Application Self-Protection (RASP)), By Deployment (Cloud, On-premise), By Organization Size (Small and medium enterprise, Large enterprise), By End-User (BFSI, Government and defense, Healthcare, IT & Telecom, Manufacturing, Retail, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/application-security-market/

Application Security Market – Regional Analysis

North America: North America holds a prominent position in the Application Security market due to its advanced technological infrastructure, large-scale software development activities, and high awareness of cybersecurity. The region’s stringent data protection regulations and the presence of numerous tech giants contribute to the adoption of robust application security solutions.

Europe: Europe follows North America in the Application Security market, driven by a mature IT landscape, emphasis on data privacy and compliance (GDPR), and the presence of key industries such as finance, healthcare, and manufacturing. The region’s focus on secure software development practices adds to the demand for application security solutions.

Asia-Pacific: The Asia-Pacific region is witnessing significant growth in the Application Security market due to the expanding technology adoption, the rising number of software development initiatives, and the emergence of tech-savvy economies. Countries like China, India, Japan, and South Korea are driving market growth, with increasing cybersecurity concerns and regulatory initiatives.

Latin America: Latin America is gradually recognizing the importance of application security as organizations adopt digital solutions and face growing cyber threats. The region’s focus on improving cybersecurity infrastructure and regulations contributes to the adoption of application security measures.

Middle East and Africa: The Middle East and Africa are experiencing increased adoption of application security solutions driven by a growing need to protect digital assets, expanding digital transformation efforts, and the rising use of mobile applications. The region’s focus on enhancing cybersecurity capabilities further drives the market

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The Application Security Market is segmented as follows:

By Solution

Web Application Security
Mobile Application Security

By Services

Managed
Professional

By Testing type

Static Application Security Testing (SAST)
Dynamic Application Security Testing (DAST)
Interactive Application Security Testing (IAST)
Runtime Application Self-Protection (RASP)

By Deployment

Cloud
On-premise

By Organization Size

Small and medium enterprise
Large enterprise

By End-User

BFSI
Government and defense
Healthcare
IT & Telecom
Manufacturing
Retail
Others

Click Here to Get a Free Sample Report of the Global Application Security Market @ https://www.custommarketinsights.com/report/application-security-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Application Security Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Application Security Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Application Security Market? What Was the Capacity, Production Value, Cost and PROFIT of the Application Security Market?
What Is the Current Market Status of the Application Security Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Application Security Market by Considering Applications and Types?
What Are Projections of the Global Application Security Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Application Security Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Application Security Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Application Security Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Application Security Industry?

Click Here to Access a Free Sample Report of the Global Application Security Market @ https://www.custommarketinsights.com/report/application-security-market/

Reasons to Purchase Application Security Market Report

Application Security Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Application Security Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Application Security Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Application Security Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Application Security market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Application Security Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/application-security-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Application Security market analysis.

The competitive environment of current and potential participants in the Application Security market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Application Security market should find this report useful. The research will be useful to all market participants in the Application Security industry.
Managers in the Application Security sector are interested in publishing up-to-date and projected data about the worldwide Application Security market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Application Security products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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