DUBLIN, May 13, 2022 /PRNewswire/ — The report “Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global application security market has reached a value of US$6.48 billion in 2021. Going forward, the market is expected to reach a value of US$17.67 billion by 2027, posting a CAGR of 17.60% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.
Application security refers to a technique of developing, adding and analyzing features present in various applications to prevent security vulnerabilities. This involves authentication, authorization, encryption, and logging as layers of protection that help eliminate unauthorized third-party access, modification, and the risk of unusual activity. This, in turn, helps companies ensure optimal customer data security, optimize workflow, and maintain application lifecycles. Currently, it is commercially available in different types of tests, such as Runtime Application Self-Protection (RASP), Interactive Application Security Testing (IAST), and Dynamic Application Security Testing (DAST).
Application Security Market Trends
Widespread adoption of flexible, durable and cost-effective security solutions across various industry verticals, such as information technology (IT), telecommunications, e-commerce, banking, finance, service and insurance (BFSI) and public sectors owing to an increasing number of instances of several online fraudulent activities represents the key factor driving the growth of the application security market.
This is further supported by many favorable initiatives taken by governments of various countries to enhance cyber security through the incorporation of security identifiers (IDs) to identify users. With this in mind, the sudden deployment of work from home (WFH) and bring your own device (BYOD) business model due to the coronavirus disease (COVID-19) pandemic outbreak and subsequent implementation Mandatory lockdowns have increased the risks of data vulnerability, which, in turn, acts as another growth driver.
Additionally, the growing requirement to determine each phase of the software development life cycle (SDLC) to protect critical software and data is contributing to the growth of the market. Apart from this, extensive use of smart personal devices including smartphones, laptops, tablets and smart wearables to access various applications and organization information is creating positive outlook for the market .
The competitive landscape of the industry was also examined along with the profiles of major players i.e. Capgemini SE, Checkmarx Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro Focus International plc, Ntt Security Appsec Solutions. Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc., Rapid7, Synopsys Inc. and Veracode.
Key questions answered by this report
- How has the global application security market behaved so far and how will it behave in the coming years?
- What has been the impact of COVID-19 on the global application security market?
- What are the main regional markets?
- What is the market breakdown by component?
- What is the market breakdown by type?
- What is the market breakdown by type of test?
- What is the market breakdown by deployment mode?
- What is the market breakdown by organization size?
- What is the market breakdown based on industry vertical?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global application security market and who are the key players?
- How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Application Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Component
6.1.1 Market trends
6.1.2 Market Forecast
6.2.1 Market trends
6.2.2 Market Forecast
7 Market Breakdown by Type
7.1 Web Application Security
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Mobile Application Security
7.2.1 Market trends
7.2.2 Market Forecast
8 Market Breakdown by Test Type
8.1 Static Application Security Testing (SAST)
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Dynamic Application Security Testing (DAST)
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Interactive Application Security Testing (IAST)
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Runtime Application Self-Protection (RASP)
8.4.1 Market trends
8.4.2 Market Forecast
9 Market Breakdown by Deployment Mode
9.1.1 Market trends
9.1.2 Market Forecast
9.2.1 Market trends
9.2.2 Market Forecast
10 Market Breakdown by Organization Size
10.1 Large companies
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Small and medium enterprises
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakdown by Vertical
11.1.1 Market Trends
11.1.2 Market Forecast
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 IT and Telecom
11.3.1 Market Trends
11.3.2 Market Forecast
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Government and public sector
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 Retail and e-commerce
11.6.1 Market Trends
11.6.2 Market Forecast
11.7.1 Market Trends
11.7.2 Market Forecast
12 Market Breakdown by Region
13 SWOT Analysis
14 Value chain analysis
15 Analysis of the five forces of carriers
16 Price Analysis
17 Competitive Landscape
17.1 Market structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Capgemini SE
220.127.116.11 Presentation of the company
18.104.22.168 Product portfolio
22.214.171.124 SWOT Analysis
17.3.2 Checkmarx Ltd.
126.96.36.199 Presentation of the company
188.8.131.52 Product portfolio
17.3.3 Cisco Systems Inc.
184.108.40.206 Presentation of the company
220.127.116.11 Product Portfolio
18.104.22.168 SWOT Analysis
17.3.4 Contrast Security Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
17.3.5 International Society of Commercial Machinery
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 SWOT Analysis
17.3.6 Micro Focus International plc
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
17.3.7 Ntt Security Appsec Solutions Inc. (NTT Ltd.)
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
17.3.8 Oracle Corporation
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 SWOT Analysis
17.3.9 Qualys Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
17.3.11 Synopsys Inc.
220.127.116.11 Company Overview
18.104.22.168 Product portfolio
22.214.171.124 SWOT Analysis
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
For more information on this report visit https://www.researchandmarkets.com/r/lqhc56
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