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DUBLIN, May 13, 2022 /PRNewswire/ -- The 'Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027' report has been added to ResearchAndMarkets.com's offering.
The global application security market reached a value of US$ 6.48 billion in 2021. Looking forward, the market is projected to reach a value of US$ 17.67 billion by 2027, exhibiting a CAGR of 17.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.Application security refers to a technique of developing, adding, and analyzing the features present in various apps for preventing security vulnerabilities. It involves authentication, authorization, encryption, and logging as protection layers that aid in eliminating unauthorized third-party access, modifications, and the risk of unusual activities. This, in turn, assists enterprises in ensuring optimal security of the client data, optimizing workflow, and maintaining the application lifecycle. Currently, it is commercially available in varying testing types, such as runtime application self-protection (RASP), interactive application security testing (IAST) and dynamic application security testing (DAST). Application Security Market Trends
The widespread adoption of flexible, durable, and cost-effective security solutions across various industrial verticals, such as information technology (IT), telecom, e-commerce, banking, financing, serving and insurance (BFSI) and public sectors due to increasing instances of several online fraudulent activities represents the key factor driving the application security market growth.
This is further supported by numerous favorable initiatives undertaken by the governments of various countries for strengthening cybersecurity through the incorporation of security identifiers (IDs) for identifying users. In line with this, the sudden deployment of work from home (WFH) and bring your own device (BYOD) corporate model on account of the outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns has increased the risks of data vulnerability, which, in turn, is acting as another growth-inducing factor.
Moreover, the rising requirement for determining each phase of the software development lifecycle (SDLC) for protecting software and critical data is contributing to the market growth. Apart from this, the extensive utilization of personal, smart devices, including smartphones, laptops, tablets, and smart wearables, for accessing various applications and organization information is creating a positive outlook for the market.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 in This Report
- How has the global application security market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global application security market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the testing type?
- What is the breakup of the market based on the deployment mode?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global application security market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview4.2 Key Industry Trends 5 Global Application Security Market 5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast 6 Market Breakup by Component 6.1 Solution6.1.1 Market Trends6.1.2 Market Forecast6.2 Services6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by Type 7.1 Web Application Security7.1.1 Market Trends7.1.2 Market Forecast7.2 Mobile Application Security7.2.1 Market Trends7.2.2 Market Forecast 8 Market Breakup by Testing Type 8.1 Static Application Security Testing (SAST)8.1.1 Market Trends8.1.2 Market Forecast8.2 Dynamic Application Security Testing (DAST)8.2.1 Market Trends8.2.2 Market Forecast8.3 Interactive Application Security Testing (IAST)8.3.1 Market Trends8.3.2 Market Forecast8.4 Runtime Application Self-Protection (RASP)8.4.1 Market Trends8.4.2 Market Forecast 9 Market Breakup by Deployment Mode 9.1 On-premises9.1.1 Market Trends9.1.2 Market Forecast9.2 Cloud-based9.2.1 Market Trends9.2.2 Market Forecast 10 Market Breakup by Organization Size 10.1 Large Enterprises10.1.1 Market Trends10.1.2 Market Forecast10.2 Small and Medium-sized Enterprises10.2.1 Market Trends10.2.2 Market Forecast 11 Market Breakup by Industry Vertical 11.1 BFSI11.1.1 Market Trends11.1.2 Market Forecast11.2 Healthcare11.2.1 Market Trends11.2.2 Market Forecast11.3 IT and Telecom11.3.1 Market Trends11.3.2 Market Forecast11.4 Manufacturing11.4.1 Market Trends11.4.2 Market Forecast11.5 Government and Public Sector11.5.1 Market Trends11.5.2 Market Forecast11.6 Retail and E-Commerce11.6.1 Market Trends11.6.2 Market Forecast11.7 Others11.7.1 Market Trends11.7.2 Market Forecast 12 Market Breakup by Region
13 SWOT Analysis 14 Value Chain Analysis 15 Porters Five Forces Analysis 16 Price Analysis 17 Competitive Landscape 17.1 Market Structure17.2 Key Players17.3 Profiles of Key Players17.3.1 Capgemini SE17.3.1.1 Company Overview17.3.1.2 Product Portfolio17.3.1.3 Financials17.3.1.4 SWOT Analysis17.3.2 Checkmarx Ltd.17.3.2.1 Company Overview17.3.2.2 Product Portfolio17.3.3 Cisco Systems Inc.17.3.3.1 Company Overview17.3.3.2 Product Portfolio17.3.3.3 Financials17.3.3.4 SWOT Analysis17.3.4 Contrast Security Inc.17.3.4.1 Company Overview17.3.4.2 Product Portfolio17.3.5 International Business Machines Corporation17.3.5.1 Company Overview17.3.5.2 Product Portfolio17.3.5.3 Financials17.3.5.4 SWOT Analysis17.3.6 Micro Focus International plc17.3.6.1 Company Overview17.3.6.2 Product Portfolio17.3.6.3 Financials17.3.7 Ntt Security Appsec Solutions Inc. (NTT Ltd.)17.3.7.1 Company Overview17.3.7.2 Product Portfolio17.3.8 Oracle Corporation17.3.8.1 Company Overview17.3.8.2 Product Portfolio17.3.8.3 Financials17.3.8.4 SWOT Analysis17.3.9 Qualys Inc.17.3.9.1 Company Overview17.3.9.2 Product Portfolio17.3.9.3 Financials17.3.10 Rapid717.3.10.1 Company Overview17.3.10.2 Product Portfolio17.3.10.3 Financials17.3.11 Synopsys Inc.17.3.11.1 Company Overview17.3.11.2 Product Portfolio17.3.11.3 Financials17.3.11.4 SWOT Analysis17.3.12 Veracode17.3.12.1 Company Overview17.3.12.2 Product Portfolio
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