IMARC Group, a leading market research company, has recently releases report titled “Application Security Market Report by Component (Solution, Services), Type (Web Application Security, Mobile Application Security), Testing Type (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Runtime Application Self-Protection (RASP)), Deployment Mode (On-premises, Cloud-based), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Industry Vertical (BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Public Sector, Retail and E-Commerce, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the application security market report.
How Big is the Application Security Market?
The global application security market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.9 Billion by 2032, exhibiting a growth rate (CAGR) of 14.93% during 2024-2032.
Industry Overview of Application Security
Application security involves the implementation, assessment, and examination of features within different applications to thwart security weaknesses. It encompasses layers of protection such as authentication, authorization, encryption, and logging, which safeguard against unauthorized access, modifications, and potential anomalies. Consequently, businesses can guarantee the utmost security of customer data, streamline workflows, and uphold the application's lifespan. Currently, this comprehensive security approach is commercially accessible through diverse testing methodologies, including runtime application self-protection (RASP), interactive application security testing (IAST), and dynamic application security testing (DAST).
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/application-security-market/requestsample
What are the growth prospects and trends in the application security industry?
The growth of the application security market is primarily driven by the increasing prevalence of online fraudulent activities across various industry sectors, such as IT, telecom, e-commerce, BFSI, and public sectors. This trend is fueled by the adoption of flexible, durable, and cost-effective security solutions. Various government authorities across the globe have also taken favorable initiatives to enhance cybersecurity by implementing security identifiers (IDs) to identify users.
Furthermore, the outbreak of the COVID-19 pandemic and subsequent implementation of mandatory lockdowns have led to the sudden deployment of work-from-home (WFH) and bring-your-own-device (BYOD), and remote work corporate models. This shift has increased the risks of data vulnerability, which is further contributing to the market's growth.
Additionally, there is a growing need to protect software and critical data by assessing every phase of the software development lifecycle (SDLC). The extensive use of personal smart devices such as smartphones, laptops, tablets, and smart wearables to access various applications and organizational information also augments the market's positive outlook.
Leading Companies Operating in the Global Application Security Industry:
- Capgemini SE
- Checkmarx Ltd.
- Cisco Systems Inc.
- Contrast Security Inc.
- International Business Machines Corporation
- Micro Focus International plc
- Ntt Security Appsec Solutions Inc. (NTT Ltd.)
- Oracle Corporation
- Qualys Inc.
- Rapid7
- Synopsys Inc.
- Veracode.
Application Security Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Services
Breakup by Type:
- Web Application Security
- Mobile Application Security
Breakup by Testing Type:
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
- Runtime Application Self-Protection (RASP)
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Industry Vertical:
- BFSI
- Healthcare
- IT and Telecom
- Manufacturing
- Government and Public Sector
- Retail and E-Commerce
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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