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Empowering Digital Resilience: Application Security Market Trends and Segmentation Analysis Up To 2029

Application Security Market Overview

Maximize Market Research is an Application Security research firm that has delivered a detailed analysis of the “Application Security Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape.

Application Security Market Value :

  • Valued at USD 8.34 billion in 2022
  • Expected to reach USD 24.56 billion by 2029
  • Projected CAGR of 16.68% during the forecast period (2023-2029)

Application Security Market

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Application Security Market Dynamics:

The report explores the crucial role of application security in today’s digital landscape, emphasizing the need for proactive security measures in the software development lifecycle. It discusses the challenges and opportunities presented by digital transformation, cloud adoption, and evolving cyber threats.

Drivers:

Digital Transformation: The ongoing digital transformation movement compels organizations to prioritize application security in their quest for speed and efficiency.
Cybersecurity Needs: Rising cyber threats and breaches necessitate robust application security solutions, driving demand for risk-appropriate security measures.
Restraints:

Underutilized Applications: Neglected and unused applications pose significant security risks, potentially compromising sensitive data and leading to breaches.

 

Application Security Market Scope and Methodology:

Report Scope:

The Global Application Security Market Report presents a comprehensive analysis of the application security industry, encompassing market trends, drivers, restraints, and regional insights. The report provides a holistic view of the market landscape and explores factors that will shape the industry from 2023 to 2029.

Research Methodology:

The report employs a meticulous research methodology, combining macro and micro perspectives to calculate accurate market size. Secondary research is conducted to identify segment specifications, along with qualitative and quantitative data. The report references press releases, company reports, government websites, and research papers for valuable insights.

 

Application Security Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Application Security market status of various countries included in the report.  The Application Security market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Application Security Market Segmentation

Global Application Security Market Size, by Solution (2023-2029)

• Web Application Security
• Mobile Application Security

In 2022, the web application security segment dominated by solution. The widespread use of web application security in protecting online services or websites from threats or breaches is primarily responsible for application security solution integration. The purpose of web application security is to protect sensitive information contained on websites. Web application tools make it easy to access vulnerabilities and identify risks. As security breaches become more common, enterprise web application security is becoming increasingly crucial and has a significant impact on market growth. Organisations demand a comprehensive, integrated web application security framework as new trends arise and assaults become more frequent and sophisticated. Vendors aim to ensure that each tool smoothly detects and defends against a wide range of threats.

Global Application Security Market Size, by Testing Type (2023-2029)

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

The application security market report contains the market size data of each sub-segment based on testing type and also gives an analysis of the segment with a dominant share. The increasing frequency of cyber-attacks on software applications has highlighted the importance of security in software development. Security-integrated development lifecycles are increasingly replacing traditional software development lifecycle (SDLC) techniques. Because of their lack of knowledge into application logic and configuration, traditional perimeter devices such as Web Application Firewalls (WAF) and Intrusion Prevention/Detection Systems (IPS/IDS) have become insufficient. RASP acts within the application, building application context and assisting in providing accurate attack visibility and blocking without inadvertently halting valid requests.

Global Application Security Market Size, by Deployment (2023-2029)

• Cloud
• On-premise

Global Application Security Market Size, by End-Users (2023-2029)

• BFSI
• Government and defense
• Healthcare
• IT & Telecom
• Manufacturing
• Retail

Application Security Market Key Players

• IBM(US)
• Hewlett Packard(US)
• Qualys, Inc(US)
• WhiteHat Security, Inc(US)
• Veracode(US)
• Oracle Corporation(US)
• Fortinet Inc.(US)
• Synopsys Inc(US)
• Lookout(US)
• Cisco Security Systems(US)
• Checkmarx(US)
• Rapid7(US)
• Onapsis(US)
• NowSecure(US)
• HCL(India)
• MicroFocus(UK)
• Capgemini(France)
• Pradeo( France)

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Table Of Content :

1. Global Application Security Market Size: Research Methodology

2. Global Application Security Market Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Application Security Market Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry

3. Global Application Security Market Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact

Key questions answered in the Application Security Market are:

  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Application Security Market?
  • What major challenges could the Application Security Market face in the future?
  • What segments are covered in the Application Security Market?
  • Who are the leading companies and what are their portfolios in Application Security Market?
  • What segments are covered in the Application Security Market?
  • Who are the key players in the Application Security market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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