Application Security Market

Application Security Market Industry Insights

• The Global Application Security Market was valued at USD 7.04 Billion in 2021
• It is anticipated to reach USD 20.88 Billion by 2028
• A CAGR of 16.80% is anticipated over the forecast period

Application Security Market Overview

Application security illustrates security measures at the application level that aim to avoid data or code within the app from being hijacked or stolen. Application security may involve software, hardware, and procedures that detect or reduce security vulnerabilities. It is nothing but the method of improving, adding, and checking security features within applications to avoid security vulnerabilities against threats like unauthorized access and modification.

Covid-19 Impact on Application Security Market

The Covid-19 outburst has encouraged the demand for application security solutions in the face of exceptional circumstances. For instance; a large number of companies are shifting their security attempts toward endpoint security for work-from-home systems. Furthermore, the security groups within the enterprises which do not have resources are implementing these solutions to address numerous web application security concerns; consequently, increasing the demand for effective application security solutions.

Market Stats

A) Application Security Market Drivers

Increasing security threats targeting major business applications

The emergence of web and mobile-based applications has resulted in increasingly complex, distributed IT infrastructures that are difficult to protect. Historically, businesses have largely focused on securing the network layer in order to safeguard their IT infrastructure. Nowadays, however, many businesses are experiencing cyber-attacks due to vulnerabilities in the design of their software applications, which cannot be addressed through traditional network security measures.

Strict regulations and adherence to protocols for cyber security

The increasing demand for IT groups to implement security measures in various industries, such as BFSI, healthcare, and retail, due to stringent laws and compliance concerning cybersecurity in different countries is expected to propel market growth.

B) Application Security Market Opportunities

Integration of Machine Learning and Artificial Intelligence in application security to create opportunities

The use of artificial intelligence (AI) in cyber security to improve application security is becoming more popular. Machine learning (ML) and expert systems are projected to be employed to detect security vulnerabilities, perform threat analysis, and recognize the security coding remediation guidance. Furthermore, user & event behavior analytics (UEBA) combined with AI can be used to monitor user behavior on endpoints and servers, and detect any anomalies that could signal an attack. Therefore, the integration of AI & ML is expected to be very beneficial for the global application security market.

Application Security Market Segmentation Analysis

Component Segment Analysis

The total. This was due to the increasing need for skilled IT personnel to maintain internal security protocols. Application security services are services offered by security vendors to implement security protocols. As there is a shortage of professionals able to assist with software security, demand for these services is on the rise. Application security services provide the highest level of protection for confidential data and software systems of businesses.

Demand for application security services is expected to grow in the forecast period due to the increasing complexity of application security solutions and the need for technological assistance from security professionals. This growth has been spurred by the technological advancements of modern times, leading to the implementation of best practices in the industry by organizations through the aid of application security services. These security services help with the planning, integrating, monitoring and implementation of application security, creating a secure environment for functioning.

Deployment Mode Segment Analysis

The on-premises deployment segment is expected to experience a significant growth rate of 16.2% from 2021 to 2028 due to its better security analytics capabilities in comparison to cloud-based deployment. Organizations are increasingly relying on this traditional approach to protect their data from cyber-attacks, as it puts the responsibility of data security in the hands of its users. Furthermore, the customization options available with on-premises security systems are driving the demand for this deployment mode. Additionally, the on-premises application securities enable better server maintenance and easy implementation of application security solutions.

Testing Type Segment Analysis

In 2015, the Interactive Application Security Testing (IAST) Market was valued at over USD 300 million  and is anticipated to experience a considerable CAGR of 19% during the forecast period. IAST can be used together with other security testing techniques to create an all-encompassing testing plan. This plan combines both SAST and DAST approaches to evaluate applications during runtime. Through this approach, security weaknesses are identified while tracking the dynamic output of the software.

Industry Vertical Segment Analysis

The government and defense sector made up more than 25% of the global application security market, and is projected to experience robust growth. Over the past few years, the sector has been grappling to protect computer software applications from massive data breaches. To address this, organizations are devoting sizeable budgets to R&D and personnel training, which is predicted to be a dominant trend in the market. For instance, the United States government declared an investment of USD 19 billion in the 2017 financial year to strengthen cybersecurity in both public and private sectors, while preserving public safety, protecting privacy, and economic and national security.

Regional Segment Analysis

In 2020, the North America region had more than 30% share  of the global application security market, which can be attributed to increasing internet penetration, mobile devices, and cloud-based networks. The region's dominance is mainly due to the presence of well-established market players such as Qualys, IBM Corporation, Cisco Systems, Veracode, Synopsys, and others. Further influencing the region's largest market share is the presence of many financial institutes and the availability of infrastructure, driving the demand for application security.

Key Players in Application Security Market

Some of the key players for global application security are

• VERACODE
• Hewlett Packard Enterprise Development LP
• Synopsys, Inc
• IBM
• WhiteHat Security
• Qualys, Inc
• Checkmarx Ltd.
• Contrast Security
• SiteLock
• Pradeo
• Fasoo Inc
• Oracle
• Micro Focus
• Acunetix
• Rapid7
• Trustwave Holdings, Inc.
• High-Tech Bridge SA
• Positive Technologies
• Pradeo
• others.

Global Application Security Market Segmentation

By Component:  

• Solution
• Services

By Deployment Mode:

• On-Premises
• Cloud

By Organization Size:

• Large Enterprises
• SMEs

By Type:

• Web Application Security
• Mobile Application Security

By Testing Type:

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

By Industry Vertical:

• BFSI
• Healthcare
• IT & Telecom
• Manufacturing
• Government and Public Sector
• Retail & E-commerce
• Others

Recent Developments in Application Security Market

• On February 4th, 2022; Security company Virsec unveiled a new security platform targeted at avoiding attacks on server infrastructure and the software supply chain. The new Deterministic Protection Platform of the company is designed to make sure better security against threats to software workloads.
• In September 2021, Qualys Inc. announced their acquisition of TotalCloud, which will enable them to incorporate the visual cloud remediation workflow technology of TotalCloud into their portfolio. With this technology, Qualys will be able to create user-defined workflows.
• On December 9th, 2021; The Application Security Division of NTT Ltd. revealed The WhiteHat Vantage Platform to offer modern security teams and developers with end-to-end security coverage of web applications and API testing during the whole software improvement lifecycle (SDLC).
• In September 2021, Micro Focus released two new technological solutions, Visual COBOL 7.0 and Enterprise Suite 7.0, to provide businesses with a flexible application and modernization solution for mainframe and COBOL systems.
• On October 19th, 2021; Checkmarx launched the Checkmarx Application Security Platform to assist AppSec teams, CISOs, and designers address the developing and dynamic security tasks they face.
• In August 2021, Datadog, Inc., the monitoring and security platform for cloud applications, had launched the Datadog Cloud Security Platform, combining full-stack security context to Datadog’s deep observability abilities.
• On February 4th, 2021; A part of Cisco, AppDynamics launched Cisco Secure Application, the industry’s first solution to extremely shorten vulnerability management, protect against attacks and defend applications from the inside-out.

On Special Requirement Application Security Market Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 7.04 Billion
Base year considered	2020
Forecast Period CAGR %:	16.80%
Market Size Expected in 2028:	USD 20.88 Billion
Tables, Charts & Figures:	175
Pages	300
Nanosensor Companies	VERACODE, Hewlett Packard Enterprise Development LP, Synopsys, Inc, IBM, WhiteHat Security, Qualys, Inc, Checkmarx Ltd., Contrast Security, SiteLock, Pradeo, Fasoo, Inc, Oracle, Micro Focus, Acunetix, Rapid7, Trustwave Holdings, Inc., High-Tech Bridge SA, Positive Technologies, Pradeo, and others.
Segments Covered	By Component, By Deployment Mode, By Organization Size, By Type, By Testing Type, By Industry Vertical
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa