Application Security Market Size, Share & Trends Analysis Report 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) Based On Region, And Segment Forecasts, 2022 - 2028

  • Report ID: BMRC 1928 | Number of pages: 199 | Published Date: Apr 2022

    Published | Category: Security | Delivery Timeline: 48 hrs

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Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027

The Global Application Security Market is valued at USD 7041.2 Million in 2021 and is expected to reach USD 20880.7 Million by 2028 with a CAGR of 16.8% over the forecast period.

Global Application Security Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2028- Mounting acceptance of IoT devices and internet consumers and the development of threat intelligence solutions are some of the major factors driving the growth of the Global Application Security Market.

Scope of Global Application Security Market Report-

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.

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.

Global Application Security Market Segmentation:-

The global application security market is segmented based on component, deployment mode, organization size, type, testing type, industry vertical, and geography. Based on components, the global application security market is segmented into solutions and services. Based on the deployment model, the market is segmented into on-premises and cloud. Based on organization size, the global application security market is segmented into large enterprises and SMEs. Based on type, the market is segmented into web application security and mobile application security. Based on testing type, the global application security market is segmented into static application security testing (SAST), dynamic application security testing (DAST), interactive application security testing (IAST), and runtime application self-protection (RASP). Based on industry vertical, the market is segmented into BFSI, healthcare, IT & telecom, manufacturing, government and public sector, retail & e-commerce, and others.

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

Application Security Market

Application Security Companies

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.

News: -

Virsec Launched Application Security Platform

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.

NTT Application Security Unveiled the WhiteHat Vantage Platform to Accelerate AppSec to the Speed of Modern Development

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).

Checkmarx Unveiled the Integrated Cloud Platform for Application Security

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.

Datadog Launched Cloud Security Platform to Provide Security Teams with Unprecedented Observability Capabilities

On August 4th, 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

Cisco AppDynamics Delivered Industry-First Solution for Strengthening Security Posture Against Threats While Achieving Peak Application Performance.

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.

Global Application Security Market Dynamics–

A large number of factors are contributing to the significant growth of the application security market across the globe such as soaring advancement in technology, growing R&D, product launches among major players, and many more. Apart from all above aspects, proliferating the growth of security breaches in business applications is one of the foremost factors boosting the application security market growth globally. Security breaches persist to be a threat for enterprises and consumers. Today’s hyper-connected business environment improves the speedy development of digital devices, solutions, and related services. Business applications carry crucial organizational information and are the focus of cybercriminals. For instance; web and applications trigger around 30% of the total breaches with an average stated cost to be nearly USD 8 million for each breach. The company has also noticed that a normal organization runs almost 765 applications, among which roughly 34% of applications stay in a vital condition. Meanwhile, application security holds the potential role in such a situation and, hence gaining huge popularity. As a result, this factor is significantly driving the market growth worldwide.

In addition, the greatly expanding retail sector is another significant factor performing a vital role to enhance the growth of the application security market. Massive developments in technology have entirely revolutionized the retail industry as retailers deliver personalized shopping capabilities on a global scale with the support of technology. Corresponding to Think with Google, approximately 84% of shoppers are using their smartphones in physical stores to get knowledge about products and comparison shops. Mobile app technology has become an important part of encouraging customer engagement and offering customers several choices when it arrives at personalized shopping experiences for all. Likewise, the retail industry is bolstered by thousands of specialty software applications intended for particular needs. As per the analysis of Brand Essence Market Research analyst, an average retail chain uses nearly 450 such applications, which are even higher than several other industries. As a result, shopping from phones and tablets has been on the climb for a prolonged time and is eventually promoting the use of security for them. Consequently, it is impelling the market for application security throughout the world.

Keeping the optimistic aspects aside, budget constraints and return on investments pull back businesses for investments may hamper the application security market growth. Despite this, the implementation of artificial intelligence and machine learning in web- and mobile-based security activities may generate lucrative opportunities for the further growth of the market.

Global Application Security Market Regional Analysis–

Geographically, North America is expected to account for the largest share of the global application security market and is expected to maintain its dominance in the upcoming years. This is owing to the huge presence of market players (IBM, Cisco, Veracode, Contrast Security, Synopsis, WhiteHat Security, and Onapsis) across the region and their product launch, R&D, merger, and acquisitions. For example; in February 2021, Qualys Inc. has launched Qualys SaaS Detection and Response (SaaSDR) to broaden its offerings in the application security platform for SaaS applications. Likewise, many small and mid-sized companies are also leveraging into the market. In addition to this, government authorities across the region are also focusing to reduce cybercrimes in the region. All aforementioned aspects are propelling the application security market revenue in North America.

The Asia Pacific is another fastest-growing region in the global application security market owing to the rising adoption of cloud-based services, IoT, and increased occurrence of security breaches targeting business applications. Certain main application vendors offering to the Asia Pacific are Qualys, IBM, and Checkmarx. APAC has a great presence of SMEs. Due to the low budget for cybersecurity organizations in this region make more usage of open source applications for security testing reasons, which has elevated prospective infringement problems, operational risks, and malpractices. Moreover, various organizations in the Asia Pacific are steadily shifting toward the implementation of agile and DevOps and are enhancing security by improving a layer of automation to take the next step toward DevSecOps. Therefore, all these factors are making the Asia Pacific the fastest-growing region in the global application security market.

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 7041.2 Million 
Base year considered 2020
Forecast Period CAGR %:

16.8% 

Market Size Expected in 2028: USD 20880.7 Million 
Tables, Charts & Figures: 175
Pages 200
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

Key Benefits of Global Application Security Market Report:-

  • Global Application Security Market report covers in-depth historical and forecasts analysis.
  • Global Application Security Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global Application Security Market report helps to identify opportunities in the marketplace.
  • Global Application Security Market report covers extensive analysis of emerging trends and the competitive landscape.


Frequently Asked Questions (FAQ) :
The Global Application Security Market Size is expected to reach USD 20880.7 Million by 2028 with a CAGR of 16.8% over the forecast period.
The Global Application Security Market is valued at USD 7041.2 Million in 2021
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.
Mounting acceptance of IoT devices and internet consumers and the development of threat intelligence solutions are some of the major factors driving the growth of the Global Application Security Market.
North America is expected to account for the largest share of the global application security market.



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Application Security Market Size, By Component, By Deployment Mode & Industry Analysis 2028

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Application Security Market Size, Share & Trends Analysis Report 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) Based On Region, And Segment Forecasts, 2022 - 2028

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