Load Balancer Global Market Report 2023 – By Type (Local Load Balancer, Global Load Balancer), By Component (Hardware, Software, Services), By Enterprise Size (Large Enterprises, Small And Medium sized Enterprises), By Deployment (On Premise, Cloud), By Industry Vertical (Banking, Financial Services And Insurance, Information Technology And Telecom, Retail, Government, Manufacturing, Media And Entertainment, Healthcare, Other Industries) – Market Size, Trends, And Global Forecast 2023-2032

Application management services refer to the services of enterprise application management provided by various organizations to companies that need to outsource their enterprise application management processes. The application management services are used to provide ongoing support for the apps to an external provider that specialises in maintenance and monitoring. The types of services in application management services are application portfolio assessment, application security, application modernization, web and mobile, cloud application migration, and other service types. The application portfolio assessment refers to the service that scans and evaluates applications by using analytics on them. The deployment types include on-premise and cloud. The organizations include small and medium-sized enterprises and large enterprises. The various industry verticals include telecom & IT, BFSI, healthcare, retail & eCommerce, government & defense, manufacturing, and other industry verticals. The global application management services market is segmented - 1) By Services Type: Application Portfolio Assessment, Application Security, Application Modernization, Web and Mobile, Cloud Application Migration, Other Service Type 2) By Deployment Type: On Premise, Cloud 3) By Organization Size: Small and Medium Enterprises, Large Enterprises 4) By Industry Vertical: Telecom and Information Technology (IT), Banking, Financial Services and Insurance (BFSI), Healthcare, Retail and eCommerce, Government and Defense, Manufacturing, Other Industry Vertical The global application management services market size will grow from $27.72 billion in 2022 to $32.83 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application management services is expected to grow to $63.93 billion in 2027 at a CAGR of 18.1%. The high demand for mobile apps is expected to propel the growth of the application management services market. Mobile apps refer to the kind of software intended for use on a mobile device, like a tablet or smartphone. Application management services help mobile apps provide and control access to internally developed and commercially available mobile apps used in business settings. For instance, in October 2020, according to the data published by Sensor Tower, a US-based technology, information, and internet company engaged in mobile analytics and mobile data, in the third quarter of 2020, on Apple's App Store, consumer spending on in-app purchases, subscriptions, and premium apps increased by 31% to reach $19 billion, from $14.5 billion as compared to the previous year 2019. However, the number of app installations increased by 23.3% in 2020, from 29.6 billion in 2019.Therefore, the high demand for mobile apps is driving the application management services market growth. Major players in the application management services market are Accenture plc, Fujitsu Limited, IBM Corporation, DXC Technology, HCL Technologies, Wipro Limited, Atos, Capgemini SE, Cognizant, Tech Mahindra, Dell, Infosys Limited, Oracle Corporation, SAP SE, Deloitte Touche Tohmatsu Limited, Amazon Web Services, Google LLC, Larsen & Toubro Infotech Limited, Micro Focus International plc, Optimum Solutions, and Neoris. Strategic partnerships and collaborations are a key trend gaining popularity in the application management services market. The major players in the application management services sector are focused on partnerships and collaborations to sustain their market position. For instance, in May 2021, CapTech Consulting, a US-based IT services and consulting company, partnered with Workday, a software development company, for Workday Application Management Services. This partnership enables advanced technology integration along with data insight and change management. With Workday Financial Management and Workday Human Capital Management, Workday AMS enables Captech to offer continuing functional, technical, and administrative assistance to clients in production (HCM). In November 2020, IBM, a US-based technology corporation, acquired Instana for an undisclosed amount. With the acquisition of Instana, IBM can deliver the most advanced AI-powered automation capabilities available to handle the complexity of modern applications running across multiple hybrid cloud environments. Also, as a result of quick automatic feedback on their CI/CD pipeline, DevOps teams may significantly speed up deployment while also improving quality and reliability. Instana is a US-based company that offers application observability and monitoring solutions. North America was the largest region in the application management services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the application management services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application management services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The application management services market consists of revenues earned by entities by providing custom management systems, software, and business intelligence. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The application management services market research report is one of a series of new reports from The Business Research Company that provides application management services market statistics, including application management services industry global market size, regional shares, competitors with an application management services market share, detailed application management services market segments, market trends and opportunities, and any further data you may need to thrive in the application management services industry. This application management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Application testing services is a broad term that refers to all varieties of verification and validation services that support the quality assurance (QA) and quality control (QC) of clients' applications. Both validation and verification evaluate the technical and functional behaviour of the tested components. The main types of application testing services market testing types include functionality testing, usability testing, performance testing, compatibility testing, security testing, compliance testing, automation testing, and others. Functionality testing is used to check whether a system's functionality complies with its specific functional requirements. A type of software testing called functional testing checks the system's functionality against the software requirements. Small and medium-sized businesses, as well as large corporations, are represented, and a variety of service types, such as professional services and managed services, are provided. The different delivery modes include onshore, offshore, nearshore, and onsite. The various verticals include telecom and IT, BFSI, healthcare and life sciences, government and the public sector, media and entertainment, manufacturing, retail, and others. The global application testing services market is segmented - 1) By Testing Type: Functionality Testing, Usability Testing, Performance Testing, Compatibility Testing, Security Testing, Compliance Testing, Automation Testing, Other Testing Types 2) By Organization Size: Small and Medium Enterprises, Large Enterprises 3) By Service Type: Professional Services, Managed Services 4) By Delivery Model: Onshore, Offshore, Nearshore, Onsite 5) By Vertical: Telecom and IT, BFSI, Healthcare and Life Sciences, Government and Public Sector, Media and Entertainment, Manufacturing, Retail, Energy and Utilities, Logistics and Transportation, Other Verticals The global application testing services market size will grow from $38.17 billion in 2022 to $42.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application testing services is expected to grow to $66.59 billion in 2027 at a CAGR of 11.6%. Digital transformations of businesses are expected to propel the growth of the application testing services market going forward. "Digital transformation" refers to the integration of digital technology across all functional areas of a company that helps to improve efficiency, value, and innovations in the organization. Digital transformations help reduce manual efforts in application testing by providing faster feedback and minimising the time to release the products and services into the market. For instance, according to International Business Machines Corporation, a US-based technology company, in the year 2020, the COVID-19 pandemic will have accelerated digital transformation by 59%. Also, 64% more companies have shifted to cloud-based activities, and 60% of executives expect to employ AI-based customer engagement tools to achieve their goals. Therefore, an increase in the adoption of digital transformations in businesses is driving the application testing services market growth. Major players in the application testing services market are Accenture, Capgemini, Cognizant, DXC Technology Company, International Business Machines Corporation, Infosys Limited, Qualitest, Software Quality Systems S.A., Tata Consultancy Services, Wipro Limited, Deloitte Touche Tohmatsu Limited, Tech Mahindra, Amazon Web Services Inc., Cigniti Technologies Limited, and Xoriant Corporation. Strategic partnerships are a key trend gaining popularity in the application testing services market. Many companies operating in the application testing services market are undergoing partnerships to strengthen their position in the market. For instance, in February 2020, Applause, a US-based testing and digital quality company, partnered with Infosys Limited, an India-based information technology company. This partnership aims to launch digital testing services for clients and provide broader end-to-end digital experience testing services to clients. The partnership combines Applause's white-glove crowd testing approach with Infosys' behind-the-firewall validation to achieve real outcomes for clients in three emphasis areas: improving customer intimacy, accelerating development, and providing high-quality digital experiences. Furthermore, in May 2022, BT Group plc, a UK-based telecommunications company, partnered with MTN Group Limited, a South African-based telecommunications company. The partnership would provide managed connectivity, cloud security, and voice services to MTN Business clients, which is a significant new overseas endeavour for BT. Despite being marketed as an MTN corporate initiative, it appears the South African division is in charge. In October 2021, Qualitest, a UK-based provider of overall software testing solutions, acquired Telexiom GmbH for a deal amount of USD 41.73 billion. The deal is expected to expand Qualitest's capabilities in digital engineering and cyber security and broaden Qualitest's geographic reach into the DACH market. Telexiom GmbH is a Germany-based company that provides managed software testing services. Asia-Pacific was the largest region in the application testing services market in 2022. North America was the second-largest region of the application testing services market. The regions covered in the application testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application testing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The application testing services market includes revenues earned by entities through localization testing, mobile application testing, and crowdsourced testing that are used to provide end-to-end application testing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the chain or as part of other products. The application testing services market research report is one of a series of new reports from The Business Research Company that provides application testing services market statistics, including application testing services industry global market size, regional shares, competitors with an application testing services market share, detailed application testing services market segments, market trends and opportunities, and any further data you may need to thrive in the application testing services industry. This application testing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A multicore processor is an integrated circuit that has two or more processor cores attached that enable users to execute their core processes quickly. It is used to increase the performance of a system that is running concurrent applications and reduce power consumption. The multi-core processor market consists of sales of multi-core processors by entities (organizations, sole traders, and partnerships) that are used to increase the performance of a system which is running concurrent applications and reduce power consumption. A multicore processor is an integrated circuit that has two or more processor cores attached that enables users to execute their core processes quickly. The main types of multi-core processors are octa-core processors, hexa-core processors, quad-core processors, and dual-core processors. The octa-core processors comprise eight processor cores that enable Android smartphones to perform more innovative tasks such as handling high-resolution videos and graphic-heavy games without draining the battery, making the devices capable and efficient. These are applicable to computers, smart mobile devices, and others, and are employed in consumer electronics, automotives, telecommunications, energy, healthcare, and other end-users. The global multi-core processor market is segmented - 1) By Type: Octa Core Processors, Hexa Core Processors, Quad Core Processors, Dual Core Processors 2) By Application: Computer, Smart Mobile Device, Other Applications 3) By End-User: Consumer Electronics, Automotive, Telecommunications, Energy, Healthcare, Other End-Users The global multi-core processor market size grew from $78.62 billion in 2022 to $90.97 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the multi-core processor market is expected to grow to $165.46 billion in 2027 at a CAGR of 16.1%. The increase in demand for smartphones is expected to propel the growth of the multi-core processor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones with multi-core processors are helpful for handling and executing tasks and can perform more and heavier apps simultaneously. For instance, in August 2020, according to the Statistics Bureau of Japan, a government agency, the usage rate for smartphones was 68.3%, indicating that more than 70% of people in the age group between 13 and 59 years use smartphones. Therefore, an increase in demand for smartphones is driving the growth of the multi-core processor market. Major players in the multi-core processor market are Advanced Micro Devices Inc., Intel Corporation, MACOM Technology Solutions Holdings, Samsung Electronics Co. Ltd., Texas Instruments Inc., ARM Holdings, Apple Inc., Mediatek Inc., Applied Micro Circuits, NXP Semiconductors , NVIDIA Corporation, Qualcomm , Broadcom, Spreadtrum Communication, and Cavium. Product innovations have emerged as a key trend gaining popularity in the multi-core processor market. Major market players are concentrating their efforts on creating innovative products for multicore processors to meet consumer demand. For instance, in February 2021, Intel, a US-based manufacturer of microprocessors, introduced the Intel Core X-Series of desktop processors, which is the 10th generation of Intel Core CPUs. The product has a maximum boosted clock speed of 4.8GHz, with the core count climbing as high as 18 and the thread count reaching 3. The product also supports 256GB of DDR4-2933 RAM and updated Intel turbo boost max technology. In February 2022, Advanced Micro Devices, Inc. (AMD), a US-based producer of semiconductor products and devices, acquired Xilinx, Inc. for a deal amount of $50 billion. The acquisition is expected to enable AMD to offer the strongest portfolio of high-performance and adaptive computing solutions in the industry. Xilinx, Inc. is a US-based developer of multi-core processors and programmable logic solutions. North America was the largest region in the multi-core processor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-core processor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the multi-core processor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The multi-core processor market consists of sales of homogenous multi-core processors and heterogeneous multi-core processors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The multi-core processor market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The multi-core processor market research report is one of a series of new reports from The Business Research Company that provides multi-core processor market statistics, including multi-core processors industry global market size, regional shares, competitors with a multi-core processor market share, detailed multi-core processors market segments, market trends and opportunities, and any further data you may need to thrive in the multi-core processors industry. This multi-core processors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The microprocessor and GPU are engaged in manufacturing microprocessors and GPUs. A microprocessor is a type of miniature electronic device that comprises logic, arithmetic, and control circuitry to perform central processing unit functions in a computer. GPU is referred to as the graphics processing unit and it is used in applications such as graphics and video rendering. The main types of architecture for the microprocessor and GPU market are X86, ARM, MIPS, Power, and SPARC. The x86 architecture is an instruction set architecture (ISA) series for computer processors. The x86 architecture refers to the way a processor handles and executes different instructions passed from the operating system (OS) and software programs. The ARM architecture is a family of reduced instruction set computing (RISC) architectures for computer processors and enables to build of products in an affordable, secure, and efficient manner. The ARM architecture is most compatible with portable and low-powered embedded devices such as smartphones and notebooks attributed to its energy-efficient design. The MIPS (Microprocessor without Interlocked Pipelined Stages) is a reduced instruction set computer (RISC) instruction set architecture (IAS). MIPS is a register-based architecture, which means the CPU uses registers to perform operations on. The Power architecture is an instruction set architecture (ISA) implemented by a variety of processors and is designed to exploit parallelism at the instruction-, data-, and thread levels. The SPARC (Scalable Processor Architecture) is a reduced instruction set computing (RISC) instruction set architecture with 32- and 64-bit microprocessors. It is a highly-scalable open architecture designed to offer fast execution rates. The various types of GPU include discrete and integrated. A discrete GPU is separated from the processor. It has its own dedicated memory that is not shared with the CPU. Integrated GPU built into the processor refers to a computer where the graphics processing unit (GPU) uses system memory that is shared with the CPU. The microprocessor and GPU are used in various sectors including consumer electronics, server, automotive, BFSI, industrial, aerospace & defense, medical, and others. The global microprocessor and GPU market is segmented - 1) By Architecture: X86, ARM, MIPS, Power, SPARC 2) By GPU Type: Discrete, Integrated 3) By Application: Consumer Electronics, Server, Automotive, BFSI, Industrial, Aerospace & Defense, Medical, Other Applications The global microprocessor and GPU market size grew from $98.02 billion in 2022 to $112.8 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global microprocessor and GPU is expected to grow to $166.26 billion in 2027 at a CAGR of 10.2%. The growing adoption of the Internet of Things (IoT) enabled devices and equipment will positively influence the market for microprocessors and GPU in the forecast period. Internet of Things refers to a system of interrelated computing devices that share data over the internet. Globally there has been an increasing demand for IoT-enabled devices owing to several benefits offered such as increased connectivity, speed, easy access, better time management, and remote functioning among others. By combining machine learning and online analytical processing, GPU databases provide IoT with speed, scale, and intelligence. This allows real-time insights to lead to speedier actions and decisions. According to the DataPort report, there are more than 10 billion active IoT devices in 2021, and the number of active IoT devices is expected to exceed 25.4 billion by 2030. Therefore, the rising adoption of Internet of Things (IoT) enabled devices will positively impact the growth of the microprocessor and GPU market, going forward. Major players in the microprocessor and GPU market are Intel, Qualcomm, Samsung, Nvidia, AMD, BroardCom, MediaTek, Texas Instruments, Marvell, IBM, Renesas Electronics, Nxp Semiconductors, Microchip Technology, Toshiba, Unisoc (Spreadtrum Communications), Allwinner Technology, and Imagination Technologies Limited. The increasing launch of powerful and high-performance microprocessors and GPUs is a key trend in the microprocessor and GPU market. Major players in the microprocessor and GPU market are emphasizing designing and developing new processors with advanced features to gain a competitive advantage over other companies operating in the market. For instance, in February 2021, Nvidia launched its most affordable desktop GPU with ray tracing, the GeForce RTX 3060. It delivers twice the raster performance and 10x the ray tracing performance as compared to the company’s older GeForce GTX-series product-GeForce GTX 1060. Moreover, it offers previous-gen gamers a massive upgrade with high fidelity graphics, fast frame rates, and game-changing features such as NVIDIA Reflex and NVIDIA DLSS. In September 2020, NVIDIA, a USA-based technology company engaged in designing GPU for gaming and professional market and system on a chip unit for mobile computing and automotive market acquired Arm Holdings for a deal amount of $40 billion. This acquisition is expected to create a premier computing company for the age of artificial intelligence (AI), and accelerate innovation while expanding into large by combining NVIDIA’s AI computing platform with Arm’s vast ecosystem. NVIDIA also plans to expand Arm’s research and development presence in the UK with the establishment of an AI research and education center and building (Arm/NVIDIA) powered AI supercomputer for research. Arm Holdings is a UK-based semiconductor and software company that designs, licenses, and produces IP for digital electronic product development. Asia-Pacific was the largest region in the microprocessor and GPU market in 2022. The regions covered in the microprocessor and GPU market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the microprocessor and GPU market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The microprocessor and GPU market consists of sales of arithmetic logic unit (ALU), floating point unit (FPU), registers and cache memory. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The microprocessor and GPU market market research report is one of a series of new reports from The Business Research Company that provides microprocessor and GPU market market statistics, including microprocessor and GPU market industry global market size, regional shares, competitors with a microprocessor and GPU market market share, detailed microprocessor and GPU market market segments, market trends and opportunities, and any further data you may need to thrive in the microprocessor and GPU market industry. This microprocessor and GPU market market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Application security refers to the process of creating, incorporating, and testing security measures into applications to guard against dangers including illegal access and modification. 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. The application security market covered in this report is segmented by solution into web application security, and mobile application security; by testing type into static application security testing, dynamic application security testing, and interactive application security testing; by end-user into BFSI, IT & telecommunication, government and defence, healthcare, retail, education, others. The global application security market is segmented - 1) By Solution: Web Application Security, Mobile Application Security 2) By Testing Type: Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing 3) By End-User: BFSI, IT And Telecommunication, Government And Defense, Healthcare, Retail, Education, Other End Users The global application security market size will grow from $9.41 billion in 2022 to $11.55 billion in 2023, at a compound annual growth rate (CAGR) of 22.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application security is expected to grow to $27.49 billion in 2027 at a CAGR of 24.2%. Increased 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. Major players in the application security market are IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys, and Trustwave. The lack of application security expertise is expected to limit the growth of the application security market over the forthcoming years. According to Burning Glass International Inc., an analytics software company, the demand for application development security and cloud security is a fast-growing skills area projected to grow 164%, and 115% respectively between 2020-2025. According to the ESG and Information Systems Security Association (ISSA) analysis published in August 2020, 70% of cybersecurity professionals claim that their organization is facing issues with the cybersecurity skill shortage. In the past four years, the percentage ranged from a low of 69% to a high of 74%. Therefore, the lack of application security expertise is projected to restrict the growth of the application security market. Artificial intelligence (AI) and machine learning (ML) are increasingly being used to prevent attacks on the web or mobile-based applications. AI can be used to automate threat detection and respond more effectively than a traditional software-driven approach. AI-based cybersecurity will train itself continuously and independently gather the data across the enterprise information systems through that data it analyses and performs correlation of patterns across billions of signals relevant to the cyberattacks and solve the issue. For instance, Fortinet, a California-based security solutions company provides solutions from network and web application security to threat protection for IT infrastructure. Fortinet’s AI-based product, FortiWeb, is a web application firewall that uses machine learning and two layers of statistical probabilities for detecting attacks and threats. In April 2020, Hellman & Friedman (H&F), a US-based software security solution provider for DevOps, acquired Checkmarx, a software security solutions company from Insight Partners for a deal amount of $1.15 billion. The acquisition is expected to drive the company’s growth and the cybersecurity threats continue to intensify, so embedding security early in the software development lifecycle is critical. Checkmarx is an Israel-based software security solution for modern enterprise software development and is engaged in providing static and interactive application security testing training development, software composition analysis, and application security. North America was the largest region in the application security market in 2022. The regions covered in the application security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The application security market includes revenues earned by entities by scanning database security, analysing software composition, and testing interactive application security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The application security market research report is one of a series of new reports from The Business Research Company that provides application security market statistics, including application security industry global market size, regional shares, competitors with an application security market share, detailed application security market segments, market trends and opportunities, and any further data you may need to thrive in the application security industry. This application security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The application development software refer to the process of designing, developing, and implementing software applications for various industrial uses. The application development can be done by a large team or a single programmer as well and describes the process of how the application is made, and generally follows a standard methodology. The main types of application development software are low code and no code. Low code development is an approach to software development to optimize the development process and speed up the delivery of the software, thus helping the enterprises to automate every step of the application of the product lifecycle. The various deployment types of application development software are on-cloud and on premise. Application development software is mainly used by organizations such as small and medium enterprises and large enterprises. The various applications of application development software are media and entertainment, telecom and IT, BFSI, and healthcare. The global application development software market is segmented - 1) By Type: Low Code, No Code 2) By Organization Size: SMEs, Large Enterprises 3) By Deployment: Cloud, On Premise 4) By Application: Media and Entertainment, Telecom and IT, BFSI, Healthcare The global application development software market size will grow from $260.79 billion in 2022 to $334.86 billion in 2023 at a compound annual growth rate (CAGR) of 28.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application development software is expected to grow to $915.96 billion in 2027 at a CAGR of 28.6%. The increasing demand for customized apps is expected to propel the growth of the application development software market. Customized apps offer features such as being friendly to hybrid environments, serving niche and complex needs, easy integration with platforms, and better performance. According to a survey conducted by SmarterHQ, a US-based provider of a customer intelligence-driven marketing automation platform, on Data Privacy and Consumer Trust, 72% of consumers say that they only engage with personalized messaging and 80% of frequent shoppers only shop with brands that personalize the online experience. Therefore, increasing demand for customized apps is expected to drive the application development software market growth. Major players in the application development software are Alphabet Inc., AppSheet, Axure RP, Azure, CA Techology, Compuware Corporation, Datadog Cloud Monitoring, Fujitsu Ltd., GitHub, Google Cloud Platform, HCL Technologies, HP, IBM Corporation, Joget Workflow, Microsoft Corporation, Oracle Corporation, Salesforce, SAP HANA Cloud Platform, ServiceNow Inc., Snappii Custom Mobile Apps, Wipro Limited, and Zoho Corporation. The low code app development platform is a key trend gaining popularity in the application development software market. Low code development is an approach of software development to optimize the development process and speed up the delivery of the software, thus helping the enterprises to automate every step of the application of the product lifecycle. For instance, in June 2021, Salesforce, a US-based software company, released a powerful set of low-code development tools that allow everyone within an organization, to create and ship apps on a single platform. The platform includes interactive app development and automation, along with the new elastic computing, identity management, AI-driven data protection, and DevOps capabilities to help teams drive business outcomes faster. In January 2021, Cognizant, a US-based information technology services and consulting company, acquired Magenic Technologies for an undisclosed amount. The acquisition is expected to enable Cognizant to enhance its capabilities in software development and cloud modernization along with Cognizant's software product engineering footprint. Magenic Technologies is a US-based custom software development services company. North America was the largest region in the application development software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the application development software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application development software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The application development software market includes revenues earned by entities by providing software tools for more efficient app-building and user interface (UI) design process by offering low-coding approaches and user-friendly app-building systems for front and back-end development including security, data storage, and monitoring layers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The application development software market research report is one of a series of new reports from The Business Research Company that provides application development software market statistics, including application development software industry global market size, regional shares, competitors with an application development software market share, detailed application development software market segments, market trends and opportunities, and any further data you may need to thrive in the application development software industry. This application development software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Application lifecycle management refers to an integrated system of tools, processes, and people that supervise a software application from its initial planning and development stage. This aids businesses in establishing and meeting project criteria. Application lifecycle management is used to provide a framework for software development and help manage the software. The main types of solutions in application lifecycle management are software and services. Application lifecycle management (ALM) provides a framework for software creation as well as ongoing software administration. This is deployed either on the cloud or on-premise into various organization sizes, such as small and medium-sized enterprises (SMEs), and large enterprises. It is employed in several industry verticals, such as banking, financial services, and insurance (BFSI), telecom and IT, media and entertainment, retail and eCommerce, healthcare, manufacturing, energy and utilities, and others. The global application lifecycle management market is segmented - 1) By Solution: Software, Services 2) By Deployment: On-Premises, Cloud 3) By Organisation Size: Small and Medium-Sized Enterprises (SMEs), Large Snterprises 4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Media and Entertainment, Retail and eCommerce, Healthcare, Manufacturing, Energy and Utilities, Other Industry Verticals The global application lifecycle management market size will grow from $4.34 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application lifecycle management is expected to grow to $6.27 billion in 2027 at a CAGR of 7.5%. The rapid adoption of mobile devices is expected to propel the growth of the application lifecycle management market going forward. A mobile device refers to a small, hand-held device that has a display screen with touch input and provides users with telephony capabilities. Application lifecycle management helps in ease of use for mobile applications and also helps in mobile testing and quality management. For instance, according to the Economic Times, an India-based daily newspaper, as of October 2021, there were 1.18 billion mobile connections, 700 million Internet users, and 600 million smartphones in use in India. In addition, India has the greatest monthly data use, at almost 12 GB per person. Therefore, the rapid adoption of mobile devices is driving the application lifecycle management market growth. Major players in the application lifecycle management market are Atlassian Corporation PLC., International Business Machines Corporation, Microsoft Corporation, Micro Focus, CollabNet, Digite, Inflectra, Perforce, Siemens, CA Technologies Inc., Hewlett-Packard Development Company L.P., Rocket Software Inc., Changepoint Corporation, and VersionOne Inc. New product innovations have emerged as the key trend gaining popularity in the application lifecycle management market. Major companies operating in the market are introducing new innovative products to sustain their position in the market. For instance, in January 2020, Inflectra, a US-based company that develops application lifecycle management software, launched the latest version of the application lifecycle management SpiraTeam platform, the SpiraTest system. The new version of SpiraPlan v6.3 provides several key enhancements, such as saved views, shareable folders, new document upload controls, and major usability and performance enhancements. In April 2022, PTC, a US-based company that develops application lifecycle management software, acquired Intland for a deal amount of $280 million. This acquisition helps PTC in developing a new application lifecycle management portfolio and increases its footprint. Also, it would help PTC in developing cloud-ready software products. Intland is a Germany-based company that develops application lifecycle management software tools and solutions. North America was the largest region in the application lifecycle management market in 2022. The regions covered in the application lifecycle management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the application lifecycle management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The application lifecycle management market includes revenues earned by entities by providing services such as defining requirements, development of the product, testing and quality assurance, deployment, continuous maintenance and improvement of the product. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The application lifecycle management market research report is one of a series of new reports from The Business Research Company that provides application lifecycle management market statistics, including application lifecycle management industry global market size, regional shares, competitors with an application lifecycle management market share, detailed application lifecycle management market segments, market trends and opportunities, and any further data you may need to thrive in the application lifecycle management industry. This application lifecycle management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Information technology (IT) is the use of computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data. The main type of information technology (IT) are IT services, computer hardware, telecom, and software products. Computer hardware is the physical components that a computer system requires to function and encompasses everything within a PC or laptop. The services are used by large, small, and medium enterprises of financial services, retail and wholesale, manufacturing, healthcare and others. The global information technology (IT) market is segmented - 1) By Type: IT Services, Computer Hardware, Telecom, Software Products 2) By Organization Size: Large Enterprise, Small and Medium Enterprise 3) End User Industry: Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End User Industries Subsegments Covered: Hardware Support Services, Software And BPO Services, Cloud Services, Computer Peripheral Equipment, Computer Storage Devices And Servers, Computers, Wireless Telecommunication Carriers, Wired Telecommunication Carriers, Communications Hardware, Satellite & Telecommunication Resellers, Operating Systems & Productivity Software Publishing, Database, Storage & Backup Software Publishing, Business Analytics & Enterprise Software, Video Game Software, Design, Editing & Rendering Software The global information technology (IT) market size grew from $8179.48 billion in 2022 to $8852.41 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The information technology (IT) market is expected to grow to $11995.97 billion in 2027 at a CAGR of 7.9%. The demand for cloud computing services is expected to drive the demand for IT services during the forecast period. In the cloud computing model, data is stored on the internet by a cloud computing provider, who manages and operates data storage as a service. Many companies are now choosing applications hosted in the cloud for their day-to-day operations. For example, according to statistics provided by hostingtribunal.com, 60% of computing workloads were running in the public cloud in 2019. Similarly, 94% of enterprise workloads are expected to be processed by cloud data centers in 2021. Companies are also opting for cloud-based data storage, thus boosting the demand for IT services. Major companies in the information technology (IT) market include Apple, Microsoft, Verizon Communications, China Mobile, AT&T Inc., Huawei, Deutsche Telekom AG, Dell Technologies Inc., Samsung Electronics Co., Ltd. and Comcast Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the information technology (IT) market share in 2020 as supply chains were disrupted due to trade restrictions and employees working for these establishments faced difficulties related to infrastructure and communication owing to lockdowns imposed by governments globally, forcing them to work from home. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity, with countries entering a state of 'lock down,' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the information technology (IT) market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Over the past five years there has been an increasing prevalence of low cost open source alternatives. Open source has become a preferred platform for developing new technology. In the past, software publishers would open source software that was not making money, but now companies are open sourcing software to increase their presence and share in the market. Supabase, a YC-incubated startup that offers developers an open-source alternative, announced that it had raised a $6 million in funding to create new open-source tools. Asia-Pacific was the largest region in the information technology (IT) market in 2022. North America was the second largest region of the information technology (IT) market. The regions covered in the information technology (IT) industry analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the information technology (IT) market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The information technology (IT) market consists of revenues earned by entities by providing IT services such as computer networking, broadcasting, systems design services and information distribution technologies like television and telephones and other equipment used during the process. The market value includes the value of related goods sold by the service provider or included within the service offering. The information technology (IT) market also includes sales of computers, computer peripherals and telecommunications equipment which are used in providing IT services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The information technology (IT) market research report is one of a series of new reports from The Business Research Company that provides information technology (IT) market statistics, including information technology (IT) industry global market size, regional shares, competitors with information technology (IT) market share, detailed information technology (IT) market segments, market trends and opportunities, and any further data you may need to thrive in the information technology (IT) industry. This information technology (IT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.