Application Security Market Insight: Trend, Growth, Outlook, and Forecast 2029

 Application Security Market Growth Statistics:   

From 2022 through 2029, the MMR research Global Application Security Market explores the market in full. According to a detailed assessment of the commercial effects of the coronavirus outbreak and the resulting economic crisis, Application Security Market was valued at USD 8.34 Billion in 2022, and it is expected to reach USD 24.56 Billion by 2029, exhibiting a CAGR of 16.68% during the forecast period (2023-2029)

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Application Security Market Dynamics:

  • Cyber Risk Managed Services: With digital transformation, cyber risk managed services are driving the need for application security. Many organizations are using web and mobile applications to reach consumers, but inadequate security measures lead to cyber-attacks. Traditional security approaches are not effective, and a robust approach is needed to adapt to dynamic applications.

  • Multi-Faceted Approach: Securing applications requires integrating security at various stages of development. Incorporating security strategically identifies vulnerabilities early on and provides layered protection throughout the software development lifecycle.

  • Increasing Adoption of Security Tools: Modern application security tools are integrated into Continuous Integration/Continuous Deployment (CI/CD) pipelines. They empower scanning activities to occur earlier in the development process, avoiding security gates and focusing on building security guardrails.

  • Security Breaches: As businesses adopt digital initiatives, security breaches are on the rise. The adoption of web applications has become a focus for cybercriminals. Protecting customer, partner, and employee-facing applications is essential for preventing security breaches.

  • Unused Apps: Underutilized online and mobile applications pose a security threat. Unused software can still access files and data, making application security crucial.

Leading Market 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)

These important companies in the international Application Security Market industry are thoroughly examined in the report. To grow their market share and maintain dominating positions in various geographies, these businesses have implemented a variety of strategies, including new product releases, collaborations, expansion, joint ventures, agreements, and others. The study is significant in that it highlights company performance, operating segments, product portfolio, and strategic actions made by market participants to illustrate the competitive environment.

What is Application Security Market Segmentation:

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

• Web Application Security
• Mobile Application Security

In terms of solutions, the web application security market dominated in 2022. The integration of application security solutions is mostly due to the widespread use of web application security in defending online services or websites from attacks or breaches. Web application security aims to safeguard sensitive information-containing content on websites. Web application tools make it simpler to access flaws and locate dangers. Enterprise web application security is vital and has a significant impact on market growth as security breaches increase. Organisations need a strong, integrated web application security platform as new directions develop and attacks become more frequent and sophisticated. Vendors want to make sure that each instrument integrates with the others to effectively detect and block a variety 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 comprises market size figures for each sub-segment based on testing type and also offers an analysis of the segment that has a dominant share. Security is now emphasised as a key component in software development due to the prevalence of cyberattacks on software applications. Nowadays, traditional software development lifecycle (SDLC) processes are giving way to the use of security-integrated development lifecycles. Due to their limited understanding of application logic and configuration, classic perimeter devices like Web Application Firewalls (WAF) and Intrusion Prevention/Detection Systems (IPS/IDS) are no longer adequate for providing protection. RASP functions within the programme, creating application context and assisting in accurate attack visibility and blocking without unintentionally obstructing 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

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Regional Analysis

North America: This region held a significant share in 2022, driven by an increasing number of security breaches targeting business applications. The government's influence and growing financial crimes also boost application security demand.

Asia Pacific: Emerging as a market for application security integration, the Asia Pacific region is driven by increasing internet users, adoption of IoT devices, and industry regulations for security.

Key Questions answered in the Application Security Market Report are:

  • What factors are affecting the Application Security market growth?
  • Who are the key players of the Application Security market?
  • Which company held the largest share in the Application Security market?
  • What will be the CAGR of the Application Security market during the forecast period?
  • What key trends are likely to emerge in the Application Security market in the coming years?

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