Global Application Security Market

Application Security Market by Applications (Web Application Security and Mobile Application Security), Components (Services [Managed and Professional] and Deployment Modes [Cloud-based and On-premise]), Organization Sizes (Small & Medium Enterprise and Large Enterprise), Security Testing Types (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing, and Run Time Application Self Protection), End-users (Healthcare, BFSI, Education, Retail, Government, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4306
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The global application security market size was valued at USD 6.3 billion in 2020 and is expanding at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising development of web and mobile applications and growing demand for integrating security into these apps for avoiding any risks associated with these apps.

Global Application Security Market summary

Application security refers to the solutions to improve security of an application by identifying, repairing, and avoiding flaws present. Due to the lockdown and social distancing measures imposed in the aftermath of the COVID-19 outbreak, practically all organisations have converted to a work-from-home paradigm, creating a considerable need for operating and monitoring the application remotely. For example, OpsRamp expanded its network, UC monitoring for the WFH world in January 2021 with new functionality in the OpsRamp platform that offers solutions for providers. The solutions offer to help customers manage hybrid and multi-cloud IT environments and meet the needs of work-from-home employees as demand for cloud applications, unified communications (UC) and collaboration tools, video conferencing, and other IT resources had increased significantly.

Market Trends, Drivers, Restraints, and Opportunities

  • Application security systems mitigate the security risks associated with various applications' activities such as online and mobile apps. These are key factors that help to expand the market.
  • Organizations are increasingly using the Internet to connect to a variety of business-critical apps and the risk of a data breach has been steadily rising. This is another factor driving the market.
  • Lack of funds available in the information security sector along with the issues concerning to users’ privacy violation are key restraining factors that can hamper the growth of the market.
  • Rising developments in the information technology sector owing to the integration of advanced technologies in maintaining application security is projected to offer lucrative opportunities for market growth.

Scope of the report

The report on global application security market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Application Security Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Web Application Security and Mobile Application Security), Components (Services [Managed and Professional] and Deployment Modes [Cloud-based and On-premise]), Organization Sizes (Small & Medium Enterprise and Large Enterprise), Security Testing Types (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing, and Run Time Application Self Protection), and End-users (Healthcare, BFSI, Education, Retail, Government, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

IBM; Oracle; Synopsys Inc.; Veracode; Qualys Inc.; and Checkmarx

Market Segment Insights

Mobile application security segment to hold significant market share

In the terms of applications, the application security market is bifurcated into web application security and mobile application security. The mobile application security segment is projected to expand at a significant CAGR during the forecast period owing to wide range of development of apps associated with mobile phones and other devices. Mobile app security refers to the methods and measures used to protect mobile device apps against digital fraud such as virus, hacking, and other illicit manipulation. Mobile app security may be achieved by a combination of technological and personal reactions as well as organizational practices aimed at protecting digital integrity on mobile devices.

Global Application Security Market application

Deployment modes segment to account for substantial share

Based on components, the market is segmented into services and deployment modes. The services segment is further divided into managed and professional whereas the deployment modes segment is sub-categorized as cloud-based and on-premise. The deployment modes segment is anticipated to account for substantial market share owing to the rising developments in the cloud-based technology. Deploying an application using one or more cloud-based hosting models such as software as a service (SaaS), platform as a service (PaaS), and/or infrastructure as a service (IaaS) are increasingly popular among app developers.

Large enterprise segment to gain momentum in the coming years

On the basis of organization sizes, the application security market is bifurcated into small & medium enterprise and large enterprise. The large enterprise segment is expected to gain significant momentum in the coming years. The large enterprises or large businesses have a significant amount of fund size available, which allows them to explore and innovate new products and services for maintaining application security. Moreover, the rapid innovation of newer technologies for application security purposes and its availability for cost-effective platforms for big enterprises is another key aspect of the segment growth.

Static application security testing segment to register a robust CAGR

In terms of security testing types, the market is classified as static application security testing, dynamic application security testing, interactive application security testing, and run time application self-protection. The static application security testing (SAST) segment is projected to grow at a robust CAGR during the forecast period owing to wide adoption of the testing process that examines source code for security flaws for businesses and other organizations. One key aspect of SAST is that it examines the application before the code is compiled and identify any security loopholes.

Technological advancements drives the retail segment

On the basis of end-users, the application security market is segmented into healthcare, BFSI, education, retail, government, and others. The retail segment is projected to hold a large market share owing to technological advancements and increasing utilization of application security by the retail industry. Technology advancements have drastically transformed the retail business, allowing merchants to create individualised shopping experiences on a worldwide scale. According to Think with Google, 84% of buyers use their smartphones to research items and compare prices in physical locations. When it comes to tailored shopping experiences for everybody, mobile app technology has become a vital component for increasing consumer engagement and providing customers with different options. Furthermore, certain advantages in mobile applications such as easy in-store usage, in-app buying capabilities, mobile payments in shops, and mobile marketing help to improve the online shopping experience.

Global Application Security Market end-users

North America is expected to dominate the market

In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the global market in the coming years owing to wide occurrence of financial frauds and crimes against banks and other financial services firms, impacted by wide event of digitalization. Furthermore, the most typical method of hacking was the use of stolen credentials, which were then used to break into web-based email and other online programs used by the company. North America accounted for 55% of all security breaches in Verizon's dataset for 2020, according to the company's data breach investigations report.

Global Application Security Market region

Segments

The global application security market has been segmented on the basis of:
Applications

  • Web Application Security
  • Mobile Application Security

Components

  • Services
    • Managed
    • Professional
  • Deployment Modes
    • Cloud-based
    • On-premise

Organization Sizes

  • Small & Medium Enterprise
  • Large Enterprise

Security Testing Types

  • Static Application Security Testing
  • Dynamic Application Security Testing
  • Interactive Application Security Testing
  • Run Time Application Self Protection

End-users

  • Healthcare
  • BFSI
  • Education
  • Retail
  • Government
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global application security market are IBM; Oracle; Synopsys Inc.; Veracode; Qualys Inc.; and Checkmarx. In February 2021, Qualys Inc. announced the launch of Qualys SaaS Detection and Response (SaaSDR), a new application security platform for SaaS applications. Checkmarx released Keeping Infrastructure as Code Secure (KICS) in February 2021 for cloud-native apps, which allowed developers to ensure more security in Infrastructure as Code. KICS is a static analysis tool that is free and open-source.

Global Application Security Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Application Security Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Application Security Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Application Security Market - Supply Chain
  4.5. Global Application Security Market Forecast
     4.5.1. Application Security Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Application Security Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Application Security Market Absolute $ Opportunity
5. Global Application Security Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Application Security Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Application Security Demand Share Forecast, 2019-2026
6. North America Application Security Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Application Security Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Application Security Demand Share Forecast, 2019-2026
7. Latin America Application Security Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Application Security Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Application Security Demand Share Forecast, 2019-2026
8. Europe Application Security Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Application Security Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Application Security Demand Share Forecast, 2019-2026
9. Asia Pacific Application Security Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Application Security Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Application Security Demand Share Forecast, 2019-2026
10. Middle East & Africa Application Security Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Application Security Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Application Security Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Application Security Market: Market Share Analysis
  11.2. Application Security Distributors and Customers
  11.3. Application Security Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. IBM
     11.4.2. Oracle
     11.4.3. Synopsys Inc.
     11.4.4. Veracode
     11.4.5. Qualys Inc.
     11.4.6. Checkmarx

The global application security market has been segmented on the basis of:
Applications

  • Web Application Security
  • Mobile Application Security

Components

  • Services
    • Managed
    • Professional
  • Deployment Modes
    • Cloud-based
    • On-premise

Organization Sizes

  • Small & Medium Enterprise
  • Large Enterprise

Security Testing Types

  • Static Application Security Testing
  • Dynamic Application Security Testing
  • Interactive Application Security Testing
  • Run Time Application Self Protection

End-users

  • Healthcare
  • BFSI
  • Education
  • Retail
  • Government
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Key players competing in the global application security market are IBM; Oracle; Synopsys Inc.; Veracode; Qualys Inc.; and Checkmarx. In February 2021, Qualys Inc. announced the launch of Qualys SaaS Detection and Response (SaaSDR), a new application security platform for SaaS applications. Checkmarx released Keeping Infrastructure as Code Secure (KICS) in February 2021 for cloud-native apps, which allowed developers to ensure more security in Infrastructure as Code. KICS is a static analysis tool that is free and open-source.

Global Application Security Market keyplayers

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