The global application security market size is expected to grow from $7.67 billion in 2021 to $9.39 billion in 2022 at a compound annual growth rate (CAGR) of 22.4%. The change in the application security market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $21.90 billion in 2026 at a CAGR of 22.2%.
What is the Global Application Security Market?
The application security market consists of sales of application security products and related services. Application security is a method of making applications more secure by fixing, finding, and enhancing the security of the application. It also includes tools and methods to protect applications once application security is deployed. Only goods and services traded between entities or sold to end consumers are included.
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What drives the Global Application Security Market?
ncreased security breaches at the business application level contributed to the growth of the application security market. For instance, in March 2020, Keepnetlabs, a UK-based security firm, announced a data leak that exposed nearly 5 billion records. Application security enhances the security of the web and mobile-based applications that can mitigate some of the breaches through the application. Thus, the rising security breaches at the business application level drove the market for the application security market.
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Global Application Security Market Segments
The global application security market is segmented:
By Solution: Web Application Security, Mobile Application Security
By Testing Type: Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing
By End-User: BFSI, IT and Telecommunication, Government and Defense, Healthcare, Retail, Education, Others
By Geography: The regions covered in the application security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Application Security Global Market Report 2022provides market size and growth forecasts for the global application security market, global application security market share, application security market segments and geographies, application security market competitive landscape including leading competitors’ revenues, profiles and market shares. The application security market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Application Security Industry Playersinclude IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys, Trustwave, Acunetix, HCL Software, Cisco Systems, Capgemini, Onapsis, Gitlab, CAST software, VMware, OneSpan, Imperva, F5 Inc, NowSecure, Pradeo, Lookout, Data Therorem, Zimperium, Kryptowire, Appthority, NSFocus, N-Stalker and Pradeo. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
