Application Security Market Size Expected to Grow by US$17.67 Billion | Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

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The latest report from the IMARC group, titled “Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information about the Application Security market report. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. finds that the global application security market size reached US$6.48 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$17.67 billion in 2027 , growing at a CAGR of approximately 17.60% during the forecast period (2022-2027).

Application security is a technique of developing and analyzing the functionality of various applications to prevent security vulnerabilities from threats such as unauthorized modification and the risk of unusual activity. It includes several steps that secure the platform and eliminate third-party access. It also helps organizations secure customer data, protect sensitive data from leaks, and safeguard crucial lender and investor information. As a result, application security solutions are gaining traction in various industries around the world.

Report metric
History: 2016-2021
Base year: 2021
Forecast year: 2022-2027


Application Security Market Trends and Drivers:

The market is primarily driven by the growing applications of flexible, durable and cost-effective security solutions in the information technology (IT), telecommunications, e-commerce and banking, financial services and insurance (BFSI) industries. ).

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In addition, the increasing deployment of work-from-home (WFH) and bring-your-own-device (BYOD) business models due to the coronavirus disease (COVID-19) pandemic outbreak represents another factor. major growth. Additionally, governments in many countries are undertaking various initiatives to strengthen cybersecurity by incorporating security identifiers (IDs).

This, coupled with the growing need to determine each phase of the software development life cycle (SDLC) to protect critical software and data, is positively influencing the growth of the market. Moreover, the widespread adoption of personal smart devices, such as laptops, smartphones, tablets, and smart wearables, is also increasing the demand for application security solutions across the globe.

Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

2022-2027 Global Application Security Market Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

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 . and Veracode.

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The report has segmented the market based on region, component, type, test type, deployment mode, organization size, and industry vertical.

Breakdown by component:

Breakdown by type:

  • Web Application Security
  • Mobile Application Security

Breakdown by type of test:

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

Breakdown by deployment mode:

Breakdown by organization size:

  • Large companies
  • Small and medium enterprises

Breakdown by vertical industry:

  • BFSI
  • Health care
  • IT and Telecom
  • Manufacturing
  • Government and public sector
  • Retail and e-commerce
  • Others

Breakdown 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

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If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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