Market Definition
During the forecast period, the application security market is projected to expand at a CAGR of 15.23%. The market is expected to be driven by factors such as the growing need to secure enterprise applications and data from emerging application layer attacks. Many businesses across the world continue to use web and mobile applications that contain vulnerabilities that, if exploited, could result in significant financial losses. In the coming years, businesses are expected to increase their security spending in order to ensure that their IT infrastructure is safe. Owing to its greater use in organizations for business-critical operations, web application security is projected to have a larger market share than mobile application security. Because of the rising number of smartphone users, the growing BYOD trend, and business mobility needs, the mobile application security market is expected to grow at a faster pace than the web application security market. Technical services, such as consulting, training and education, and support services, are expected to have a greater market share than managed services, as they allow businesses to remain resilient to emerging cyber threats. Due to increased demand for Software-as-a-Service (SaaS) applications among Small and Medium Enterprises, managed services are expected to expand at a faster rate than professional services (SMEs). In 2021, North America is projected to overtake Europe as the leading revenue-generating area for application security vendors. This is due to the fact that in the industrialized economies of the United States and Canada, a strong emphasis is placed on inventions derived from R&D technologies. The APAC region is projected to be the market's fastest-growing region. Increased digitalization and the number of smartphone users are driving this region's growth.
Report Scope
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers a competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share.
Major Market Players
The report consists of the list of the vendor's profile of Application Security Market include Veracode, Hewlett Packard Enterprises, Synopsys, IBM Corporation, WhiteHat Security, Qualys, Checkmarx, Acunetix, Rapid7, Trustwave, High-Tech Bridge, Contrast Security, SiteLock, Pradeo and Fasoo.
Application Security Market report has been categorized as below
By Component
- Solutions
- Web Application Security
- Mobile Application Security
- Services
- Professional Services
- Consulting
- Training and Education
- Support Services
- Managed Services
By Testing Type
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
By Deployment Mode
- Cloud
- On-Premises
By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By Industry Vertical
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Healthcare
- Retail
- Education
- Other Verticals
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East and Africa
The years considered for the study are as follows:
- Base year - 2020
- Estimated year - 2021
- Projected year - 2022
- Forecast period - 2021 to 2027
Key Questions Addressed by the Report
- New products/service competitors are exploring?
- Key players in the market and how intense is the competition?
- What are the upcoming industry trends that manufacturers are focusing on in the future updates?
- For each segment, what are the significant opportunities in the market?
- What are the key growth strategies adopted by major market players in the market?
- What are the key success strategies adopted by major competitors in the market?
Why Buy this Report:
- Gain comprehensive insights on the Application Security Industry & market trends
- Note complete analysis of the market status
- Recognize the market opportunities and growth segments
- Evaluating business segments & product portfolios, and interpret competitive dynamics
- Facilitate strategy planning and industry dynamics to strengthen decision making
Report Content
- Application Security Market
Introduction
- Key Insights
- Report Overview
- Markets Covered
- Stakeholders
- Research Methodology
- Research Scope
- Market Research Process
- Research Data Analysis
- Market Size Estimation
- Executive Summary
- Market Overview
- Introduction
- Market Drivers and Restraints
- By Component
- Solutions
- Web Application Security
- Mobile Application Security
- Services
- Professional Services
- Consulting
- Training and Education
- Support Services
- Managed Services
- By Testing Type
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
- By Deployment Mode
- Cloud
- On-Premises
- By Organization Size
- Large Enterprises
- Small and Medium Enterprises (SMEs)
- By Industry Vertical
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Healthcare
- Retail
- Education
- Other Verticals
- By Region
- Key Points
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of World
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East and Africa
- Company Profile
(Profile contain company overview, products/services, financials & recent developments)
- Fasoo
- HPE
- IBM
- Qualys
- Rapid7
- Synopsys
- Acunetix
- Checkmarx
- Contrast Security
- High-Tech Bridge
- Pradeo
- Sitelock
- Trustwave
- Veracode
- Whitehat Security
