The Worldwide Application Security Industry is Expected to Grow to $13.2 Billion by 2025

(MENAFN- PR Newswire) DUBLIN, Dec. 4, 2020 /PRNewswire/ -- The [To enable links contact MENAFN] & utm_medium=PressRelease & utm_code=nbhn8w & utm_campaign=1468908+-+The+Worldwide+Application+Security+Industry+is+Expected+to+Grow+to+%2413.2+Billion+by+2025 & utm_exec=jamu273prd "Application Security Market by Component (Software Tools (SAST and DAST) and Services), Type (Web Application Security and Mobile Application Security), Organization Size, Deployment Mode, Vertical (Healthcare and BFSI), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global application security market size is expected to grow to USD 13.2 billion by 2025, at a CAGR of 16.1%.

The application security market is driven by various factors, such as Increased in the security breaches targeting business applications, increase in the usage of mobile and cloud technologies and favorable government regulations to boost the growth of application security market across the globe during the forecast period. However, the rise in complexity of frauds can hinder the growth.

Services segment to grow at a higher CAGR during the forecast period.

Application security services are the assistance offered by security vendors in conjunction with the application security solutions. These services are focused on helping organizations achieve their business goals together with their product offerings. The application security services assist organizations in planning, implementing, integrating, and monitoring the application security environment through established best practices in the industry.

Application security services are broadly classified into two categories: professional services and managed services. The professional services include consulting services, training and education services, and support and maintenance services. Application Security services give an upper hand to organizations' security. These services help organizations make robust security decisions for proactively addressing emerging fraudulent attacks

On-premise segment to account for a higher market share during the forecast period.

The on-premises deployment mode is the traditional approach to implement application security solutions across enterprises. This is also associated with the term called 'in-house software development.' On-premises solutions provide organizations with a full control over all platforms, applications, systems, and data, which is handled and managed by their IT staff. Organizations, where user credentials are critical for business operations, usually have on-premises deployment as the information is considered to be moderately safe from external attacks since systems are held internal to the organization.

On-premises deployment also affects the cost structure of a development team as compared to cloud. The on-premises solution carries high cost as it includes cost of resources, infrastructure, integration, and maintenance. This is one of the major factors, which is shifting the consumer interest from on-premises toward the cloud.

Asia Pacific to grow at the highest rate during the forecast period.

The application security market in the Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. North America accounts for the highest share (36.83%) of the application security market in 2020. The factors supplementing this growth are the Organic and inorganic growth strategies among major application security vendors in North America such as IBM, Cisco, Synopsis, Veracode, WhiteHat Security, Onapsis, GitLab, Contrast Security, and Qualys.

Key Topics Covered:

1 Introduction

2 Research Methodology 3 Executive Summary

4 Premium Insights 4.1 Attractive Opportunities in Application Security Market4.2 Market, by Component, 20204.3 Market, by Software Tool, 20204.4 Market, by Deployment Mode, 20204.5 Market, by Organization Size, 20204.6 Application Security Market, Share of Top Three Verticals and Regions, 20204.7 Market Investment Scenario 5 Market Overview and Industry Trends 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rise in Security Breaches Targeting Business Applications5.2.1.2 Increase in Use of Mobile and Cloud-Based Technologies5.2.1.3 Favorable Government Regulations5.2.1.4 COVID-19 Pandemic Impact5.2.2 Restraints5.2.2.1 Budget Constraints and Return on Investments Pull Back Companies for Investments5.2.2.2 COVID-19 Pandemic Impact5.2.3 Opportunities5.2.3.1 Adoption of Artificial Intelligence and Machine Learning in Web- and Mobile-Based Security Process to Increase Demand for Application Security Market5.2.3.2 Adoption of Application Security in Small and Medium-Sized Businesses Leads to Increase in Demand for Market5.2.3.3 COVID-19 Pandemic Impact5.2.4 Challenges5.2.4.1 Unused Apps are a Big Security Threat5.2.4.2 COVID-19 Pandemic Impact5.3 Market Evolution5.3.1 Use Cases5.3.1.1 Use Case: Cisco5.3.1.2 Use Case: Ibm5.3.1.3 Use Case: Microfocus5.3.2 Best Practices5.3.3 Best Practices for Web Application Security5.3.4 Best Practices for Mobile Application Security5.3.5 Regulatory Landscape5.3.5.1 General Data Protection Regulation Compliance5.3.5.2 Federal Information Processing Standards5.3.5.3 Consortium for It Software Quality5.3.5.4 Open Web Application Security Project5.3.5.5 Personal Information Protection and Electronic Documents Act5.3.6 Pricing Analysis5.3.7 Application Security Market Ecosystem5.4 Technology Analysis 6 Application Security Market, by Type 6.1 Introduction6.1.1 Types: Market Drivers6.1.2 Types: COVID-19 Impact6.2 Web Application Security6.3 Mobile Application Security 7 Application Security Market, by Component 7.1 Introduction7.2 Software Tools7.2.1 Software Tools: Market Drivers7.2.2 Software Tools: COVID-19 Impact7.2.3 Static Application Security Testing7.2.4 Dynamic Application Security Testing7.2.5 Interactive Application Security Testing7.2.6 Runtime Application Self-Protection7.2.7 Other Software Tools7.3 Services7.3.1 Services: Market Drivers7.3.2 Services: COVID-19 Impact7.3.3 Professional Services7.3.3.1 Consulting Services7.3.3.2 Training and Education7.3.3.3 Integration and Maintenance7.3.4 Managed Services 8 Application Security Market, by Deployment Mode 8.1 Introduction8.1.1 Deployment Modes: Market Drivers8.1.2 Deployment Modes: COVID-19 Impact8.2 Cloud8.3 On-Premises 9 Application Security Market, by Organization Size 9.1 Introduction9.1.1 Organization Size: Market Drivers9.1.2 Organization Size: COVID-19 Impact9.2 Small and Medium-Sized Enterprises9.3 Large Enterprises 10 Application Security Market, by Vertical 10.1 Introduction10.1.1 Verticals: Market Drivers10.1.2 Verticals: COVID-19 Impact10.2 Banking, Financial Services and Insurance10.3 Retail and Ecommerce10.4 Government and Public Sector10.5 Healthcare10.6 Telecommunication10.7 Education10.8 It and Ites10.9 Other Verticals 11 Application Security Market, by Region 11.1 Introduction11.2 North America11.3 Europe11.4 Asia-Pacific11.5 Middle East and Africa11.6 Latin America 12 Competitive Landscape 12.1 Overview12.2 Market Evaluation Framework12.2.1 New Product Launches/Developments12.2.2 Partnerships/Agreements/Collaborations12.2.3 Acquisitions12.2.4 Business Expansions12.3 Key Players Revenue Share Analysis, 201912.4 Competitive Leadership Mapping12.4.1 Star12.4.2 Emerging Leader12.4.3 Pervasive12.5 Competitive Leadership Mapping, for Startups12.5.1 Progressive Companies12.5.2 Responsive Companies12.5.3 Dynamic Companies12.5.4 Starting Blocks12.6 Market Share of Key Players in Market 13 Company Profiles 13.1 Introduction13.2 IBM13.3 Hcl13.4 Cisco Systems13.5 Synopsys13.6 Checkmarx (Hellman and Friedman)13.7 Veracode (Broadcom)13.8 Micro Focus13.9 Whitehat Security13.10 Capegemini13.11 Rapid713.12 Onapsis13.13 Gitlab13.14 Cast13.15 Contrast Security13.16 Qualys13.17 Vmware13.18 Onespan13.19 Trustwave13.20 Imperva13.21 F5 Networks13.22 Acunetix13.23 Nowsecure13.24 Pradeo13.25 Lookout13.26 Data Theorem13.27 Zimperium13.28 Kryptowire 14 Adjacent Markets15 Appendix 15.1 Discussion Guide 15.2 Knowledge Store: Subscription Portal 15.3 Available Customizations

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