Application security market is expected to witness market growth at a rate of 26.35% in the forecast period of 2021 to 2028. Application security is the added security measures to a data or software to prevent different range of threats like data breaches, cyber-crimes or service attacks.
Major Market Competitors/Players: Global Application Security Market
Few of the major competitors currently working in the application security market are VERACODE, Hewlett Packard Enterprise Development LP, Synopsys, Inc, IBM, WhiteHat Security, Qualys, Inc, Checkmarx Ltd., Acunetix, Rapid7, Trustwave Holdings, Inc., High-Tech Bridge SA, Contrast Security., SiteLock, Pradeo, Fasoo, Inc, Oracle, Micro Focus, Positive Technologies and Pradeo.
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To prevent the unauthorized access antivirus programs, firewalls, encryption programs etc. are used. They are widely used by companies so that they can protect their sensitive data from getting stolen or hijacked. These are very important because many applications are available through various networks which increase the risk of security threats and breaches.
Segmentation: Global Application Security Market
- By Component (Solutions, Services)
- By Testing Type (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing)
- By Deployment Type (Cloud, On-Premises)
- By Organization (Large Enterprises, Small and Medium Enterprises)
- By Industry Vertical (Government and Defense, Banking, Financial Services and Insurance, IT and Telecom, Healthcare, Retail, Education, Other Verticals)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Application Security Market
Global application security market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of application security market for global, Europe, North America, Asia Pacific and South America.
Market Drivers:
- Increasing cyber-attacks is the major factor driving the market
- Commendatory government regulations related to the application security ID is driving the growth of this market
Market Restraints:
- Lack of awareness among people about cybersecurity is restraining the growth of this market.
- Ignorance of application security by various industries is restraining the market.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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