Application Security Market
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The application security market size is expected to grow at a CAGR 25.74% rate during the forecast period. Factors such as increasing need to protect enterprise applications and data from emerging application layer attacks are expected to drive the market. Many enterprises across the globe still use web and mobile applications that contain vulnerabilities, which if exploited, might result in huge losses for the organizations. Enterprises are expected to increase their security spending in the upcoming years to ensure robust security for their IT infrastructure.
Web application security is expected to hold a larger market share than mobile application security due to its larger usage in enterprises for business-critical operations. Mobile application security is expected to grow at a faster rate than web application security market due to the growing numbers of smartphone users, increasing BYOD trend, and enterprise mobility needs.
Professional services that include consulting, training and education, and support services are expected to hold a larger market size than managed services, as professional services enable enterprises to remain robust against emerging cyber threats. Managed services are expected to grow at a CAGR higher than professional services due to to increasing demands for Software-as-a-Service (SaaS) applications among Small and Medium Enterprises (SMEs).
The North American region, followed by Europe, is expected to become the largest revenue generating region for application security vendors in 2017. This is mainly because in the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) technologies. The APAC region is expected to be the fastest growing region in the market. The growth in this region is primarily driven by increasing digitalization and growing smartphone users.
Key market players include Veracode (Massachusetts, US), Hewlett Packard Enterprises (California, US), Synopsys (California, US), IBM Corporation (New York, US), WhiteHat Security (California, US), Qualys (California, US), Checkmarx (Tel Aviv, Israel), Acunetix (St Julians, Malta), Rapid7 (Massachusetts, US), Trustwave (Singtel Illinois, US), High-Tech Bridge (Geneva, Switzerland), Contrast Security (California, US), SiteLock (Arizona, US), Pradeo (Paris, France), and Fasoo (New Jersey, US).
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Application Security Market, By Industry Vertical
IT and Telecom
Government and Defense
Banking, Financial Services, and Insurance (BFSI)
6. Application Security Market, By Deployment Mode
7. Application Security Market, By Component
8. Application Security Market, By Testing Type
Dynamic Application Security Testing (DAST)
Static Application Security Testing (SAST)
Interactive Application Security Testing (IAST)
9. Application Security Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles
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Key Topic Covered
Team User, Single User, Enterprise Access