Global Application Security Market Is Estimated To Witness High Growth Owing To Increasing Concerns Regarding Cyber Threats

Ashish Thapa

Global Application Security Market Is Estimated To Witness High Growth Owing To Increasing Concerns Regarding Cyber Threats

A) Market Overview:

The Application Security Market refers to the use of hardware, software, and various processes to secure web applications and mobile applications from external threats. These threats can range from data breaches and unauthorized access to malware attacks. The market offers a range of products and solutions designed to protect applications and ensure their integrity, confidentiality, and availability.

Organizations across various industries heavily rely on web and mobile applications to serve their customers, handle sensitive data, and conduct business operations. Cyber threats are continuously evolving, making it essential for organizations to implement robust application security measures. This is driving the demand for application security solutions in the market.

The global Application Security Market Sale is estimated to be valued at US$7.35 billion in 2021 and is expected to reach US$7.35 billion or more by 2022, exhibiting a CAGR of 18.5% over the forecast period.

B) Market Key Trends:

One key trend driving the growth of the global Application Security Market is the increasing adoption of cloud-based application security solutions. As organizations move their applications and data to the cloud, the need for strong security measures becomes crucial. Cloud-based application security solutions offer scalability, flexibility, and enhanced accessibility compared to traditional on-premises solutions. These solutions also provide real-time threat monitoring and advanced analytics to identify and mitigate potential security risks. For example, IBM Corporation offers cloud-based application security solutions that help organizations protect their applications in multi-cloud environments.

C) PEST Analysis:

- Political: Governments worldwide are enacting strict data protection laws and regulations, increasing the pressure on organizations to secure their applications and protect user data.

- Economic: The growing cost of cybercrime and data breaches is driving organizations to invest in robust application security solutions to avoid financial losses.

- Social: The increasing adoption of digital technologies and the rising reliance on web and mobile applications by consumers are creating a need for enhanced application security.

- Technological: Advancements in technologies such as artificial intelligence (AI) and machine learning (ML) are enabling the development of more sophisticated application security solutions that can detect and respond to threats in real time.

D) Key Takeaways:

1: The global Application Security Market is expected to witness high growth, exhibiting a CAGR of 18.5% over the forecast period, due to increasing concerns regarding cyber threats. Organizations are investing in application security solutions to protect their applications from various external threats.

2: In terms of regional analysis, North America is expected to dominate the global Application Security Market. The region has a strong presence of key market players, advanced IT infrastructure, and stringent data protection regulations. Asia Pacific is expected to be the fastest-growing region, driven by the increasing adoption of web and mobile applications and the rising number of cyber threats.

3: Key players operating in the global Application Security Market include IBM Corporation, WhiteHat Security, Inc., Oracle Corporation, Veracode, Qualys Inc., Micro Focus International PLC, Positive Technologies, Checkmarx Ltd, Fasoo.com Inc., Synopsys Inc., Contrast Security, Rapid7 Inc., and SiteLock LLC. These players offer a wide range of application security solutions and are actively involved in strategic partnerships, acquisitions, and product innovations to strengthen their market position.

In conclusion, the global Application Security Market is expected to witness significant growth due to increasing concerns regarding cyber threats. Organizations are investing in robust application security solutions to protect their applications and customer data. The adoption of cloud-based solutions and advancements in technologies are driving market growth. North America is expected to dominate the market, while Asia Pacific will be the fastest-growing region. Key players in the market are focused on product innovations and strategic collaborations to maintain their market presence.

Ashish Thapa

Application Security Market Is Estimated To Witness High Growth Owing To Rising Concerns Regarding Data Breaches and Increasing Adoption of Cloud-based Applications

Sneha 2023-10-20

Furthermore, the rising awareness among enterprises regarding the potential financial and reputational damage caused by security breaches is also fueling the demand for application security solutions. Segment Analysis:The segment analysis of the application security market reveals that the dominating sub-segment is the cloud-based application security solutions. Cloud-based application security solutions offer several advantages such as scalability, flexibility, and cost-effectiveness, which make them highly preferred by organizations. PEST Analysis:· Political: The political landscape of the application security market is characterized by increasing government regulations and initiatives to enhance cybersecurity. Key players operating in the application security market include IBM Corporation, WhiteHat Security, Inc.

Application Security Market Is Driven By Increasing Risk Of Cyber Threats

ashwinicmi 2024-01-04

Adoption of SAST and DAST: To counter growing security complexity, businesses are increasingly leveraging Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST) solutions. Bargaining power of suppliers: The bargaining power of suppliers in the application security market is low as there are a large number of suppliers for application security components and services such as security testing and monitoring services. Threat of new substitutes: The threat of new substitutes in the application security market is moderate as alternate technologies for application security like web application firewalls, API security gates, software composition analysis, and secure development practices continue to emerge. Competitive rivalry: The competition in the application security market is high among vendors providing application security solutions and services. Asia Pacific is expected to be the fastest growing region in the application security market owing to rapidly growing digitalization and adoption of application security best practices in countries like China and India.

Application Security Market Poised for Strong Growth Owing To the Increasing Adoption Of Digital Payment Platforms

Sumedha 2023-12-15

The global application security market is estimated to be valued at US$ 8. Market Dynamics:One of the key drivers for growth of application security market is rising number of cyber-attacks targeting vulnerabilities in applications. Maintaining highly skilled security professionals for application security also remains a challenge. Key Takeaways The Global Application Security Market Size is expected to witness high growth over the forecast period driven by increasing spend on application developments and rapid digital transformation among organizations. Key players: Key players operating in the Application Security Market include IBM Corporation, WhiteHat Security, Inc.

Application Security Market Predictions 2023-2029: Navigating Innovations in Cyber Defense

mayuri kathade 2023-11-30

The integration of application security solutions is primarily caused by the widespread use of web application security to defend websites or online services from attacks or breaches. Organisations need a strong, integrated web application security platform as new threat vectors appear and attack frequency and sophistication rise. Table of content for the Application Security Market includes:Part 01: Executive SummaryPart 02: Scope of the Application Security Market ReportPart 03: Global Application Security Market LandscapePart 04: Global Application Security Market SizingPart 05: Global Application Security Market SegmentationPart 06: Five Forces AnalysisPart 07: Customer LandscapePart 08: Geographic LandscapePart 09: Decision FrameworkPart 10: Drivers and ChallengesPart 11: Market TrendsPart 12: Vendor LandscapePart 13: Vendor AnalysisAsk for a free sample copy. (To Acquire a Complete Understanding of This Report's [Summary + TOC]] Structure) @ :Important queries not addressed in the Application Security Market Report:What influences drive growth in the Application Security market? What compound annual growth rate (CAGR) will lead the Application Security market?

Growth in Focus: Research-driven Perspectives on the Application Security Industry

Pushpendra Shukla 2023-11-21

com/get-free-sample/application-security-market-trends-forecast-till-2028 Application security encompasses measures taken to improve the security of an application often by finding, fixing, and preventing security vulnerabilities. The rising security breaches targeting business applications, increasing the use of mobile and cloud-based technologies, and stringent compliance and regulatory requirements for application security are some of the factors that have supported long-term expansion for Application Security Market. com/Inquire-before-buying/application-security-market-trends-forecast-till-2028 Recent Developments in The Application Security Market · In September 2020, Micro Focus has introduced Hybrid Cloud Management X, designed to simplify the delivery of multi-cloud services. Reasons to Acquire Application Security Market Report· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors· Gain authentic and granular data access for Application Security Market so as to understand the trends and the factors involved behind changing market situations· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patternsTable of ContentsApplication Security Market is segmented into component, deployment mode, organization size, type, testing type, industry vertical and region. =On the basis of ComponentSolutionServices On the basis of Deployment ModeOn-PremiseCloudOn the basis of Organization SizeLarge EnterprisesSMEsOn the basis of TypeWeb Application SecurityMobile Application SecurityOn the basis of Testing TypeStatic Application Security Testing (SAST)Dynamic Application Security Testing (DAST)Interactive Application Security Testing (IAST)Runtime Application Self-Protection (RASP)On the basis of Industry VerticalBFSIHealthcareIT & TelecomManufacturingGovernment and Public SectorRetail & E-commerceOthersOn the basis of RegionAsia PacificNorth AmericaEuropeSouth AmericaMiddle East & Africa Get Direct Order of this Report: https://www.

Harnessing the Power of AI and ML in Application Security: Market Innovations and Opportunities

Yashvi Gadhiya 2023-08-04

The application security market is witnessing a revolution with the advent of Artificial Intelligence (AI) and Machine Learning (ML) technologies. This paragraph explores the innovations and opportunities that AI and ML bring to the application security market. The integration of AI and ML with existing security solutions opens up numerous opportunities for vendors and service providers in the application security market. The Application Security Market was valued at US$ 7. As organizations recognize the immense value of these technologies, the application security market is set to witness further growth and transformation, with exciting possibilities for both solution providers and end-users.

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