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Application Security Market 2020: By Current Status, Significant Growth, Application, Top Companies Analysis & Investment Opportunities till 2025

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Thomas Hinds
Application Security Market 2020: By Current Status, Significant Growth, Application, Top Companies Analysis & Investment Opportunities till 2025

The global application security market is projected to rise at a considerable rate from 2020 to 2025. This is attributed to the growing security breaches at the organization's application-level globally. Since the software application has become an essential attribute of any organization irrespective of its key business operation, the security of these applications has been a big apprehension to various organizations. The organizations are often accessible to the network and therefore susceptible to an array of security risks. Application security helps to safeguard their critical information from external threats by protecting all the software that is used throughout the operations.

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The cloud and mobile-based computing technology have radically changed the business landscape throughout the globe. Presently, most of the organizations use software applications to perform their business processes, for instance, Amazon highly relies on its mobile application and online website to sell a range of products to its customers. The rapid advancements in mobile and web-based applications have created more distributed, complex IT infrastructures that are challenging to secure.

Stringent compliance requirements and by-laws within the organizations is expected to drive the Application Security Market

Growing requirements for measures during each level of the Software Development Lifecycle (SLDC) to safeguard the applications and related critical information is anticipated to influence the application security industry growth. The essential role of the application security that includes identifying, fixing, and inhibiting security vulnerabilities detected in the software application during SLDC is projected to augment the market demand. Furthermore, stringent compliance and laws regarding cybersecurity in various nations creating the need for the IT group to implement security measures within several industries that include BFSI, retailers, healthcare, and others.

Mobile application security is amongst the emerging type for the application security market

The demand for mobile application security globally is anticipated to increase at a significant growth rate over the forecast period. The increasing adoption of BYOD policies and rising internet usage within the organizations have encouraged the usage of smartphones and mobile devices to access enterprise data remotely. This has led to a growing number of the corporate network along with the non-IT controlled applications in the last few years. The possibilities of data breaches on mobile devices thus increase, which in turn retort to a high demand among enterprise and individual users to safeguard their critical data exposed to the private and public network.

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Asia-Pacific will lead the growth in this market

The Asia Pacific region accounted for a considerable market share in 2019 within the application security market. The rising independence on the internet has led to increased vulnerabilities, enabling opportunities for attackers and hackers. Various SMBs along with large enterprises within the region have been capitalizing on cybersecurity, due to the growing issues of privacy breaches. The rising mobile and web applications, increasing incidences of cyberattacks at the application layer, along with strict government regulations are likely to further fuel the growth of the application security industry within the Asia Pacific region in the coming five years.

Key Market Players

Acunetix.

Appthority

Checkmarx

Cigital.Inc

Contrast Security

Hewlett Packard Enterprise

IBM

NSFOCUS

N-Stalker

Qualys

Rapid7

Veracode

Virtual Forge

WhiteHat Security

Others

Market Segments: Application Security Market

By Solution

Web Application Security

Mobile Application Security

By Testing Type

Runtime Application Self-Protection (RASP)

Interactive Application Security Testing (IAST)

Dynamic Application Security Testing (DAST)

Static Application Security Testing (SAST)

By Industry Vertical

Healthcare

BFSI

Manufacturing

Retail and Consumer Goods

IT and Telecommunication

Government and Defence

Travel and Hospitality

Others

By Region

North America

US

Canada

Europe

Germany

France

UK

Asia Pacific

China

India

South Korea

Japan

South America

Brazil

Argentina

The Middle East and Africa

Key Sources

Industry Associations

Patent Websites

Company Annual Reports

Company Websites

Key industry leaders

IEEE journals

Technology consultants

System Integrators

BFSI experts

Others

Key Questions Answered

What are the key growth regions and countries?

What are the important types and technologies being used?

What are the market players doing, in terms of research and development?

Which are the new applications for this market?

What are the integrations happening?

What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

Products & solution providers

System Integrators

Regulatory Authorities

Research and Innovation Organizations

Technocrats

Suppliers and Distributors

Other Channel Partners

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About Us

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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