Application Security Market Size to Surpass USD 15.9 billion by 2030, Share, Growth, Demand, Global Trends, Challenges and Competitive Outlook

An significant Application Security Market research report has been created using a thorough and competent investigation, taking into account the needs of the customer. This outstanding market study assesses the market's current condition, market share and size, revenue from product sales, and necessary modifications that must be made to future items. With the newest technologies, creative programs, and new abilities, it makes the process of gaining insightful market knowledge easier and will undoubtedly help businesses achieve their objectives. A thorough analysis of the product specs, revenue, cost, pricing, gross capacity, and production is also included in the first-rate Application Security Market research.

Explore Further Details about This Research Application Security Market Report https://www.databridgemarketresearch.com/reports/global-application-security-market

Several benefits that comprise of comprehensive vsulnerability coverage, false-positive reduction, entire code coverage that includes the frameworks and libraries, and zero process disruption are one of the major factors that are expected to boost the growth of the application security market. Factors such as hyper-connected business environment is boosting the rapid growth of digital solutions, devices, and related services which in result are the points anticipated to positively influence the growth of the application security market.

Data Bridge Market Research analyses that the global application security market is expected to grow at a CAGR of 26.35% during the forecast period of 2023 to 2030, at a USD 6.7 billion in 2022 and is further estimated to reach USD 15.9 billion by 2030. Based on solution, the application security market is segmented into web apps, mobile apps. web apps segment dominated the global application security market due to the rise in demand for mobile application security as well as web application security drives the growth of this segment. The rising of cyber-attacks, and the suitable government administrations related to the application security ID are one of the major factors contributed to propel the growth of the application security market. Also, absence of knowledge amongst people about cybersecurity and unawareness of application safety by several industries are hampering the growth of the application security market.

Market Definition

Application security solutions are the support provided by security vendors in conjunction to the application security services. These solutions are concentrated on aiding the organizations accomplish their business goals together with their item offerings.

Drivers

Increasing Cybersecurity Threats

One of the primary drivers for the global application security market is the ever-increasing cybersecurity threats. With the growing reliance on digital technology and the internet, applications have become a prime target for cyberattacks. As cybercriminals develop more sophisticated methods, organizations are compelled to invest in robust application security solutions to protect their sensitive data and maintain customer trust.

Stringent Regulatory Compliance Requirements

Stringent regulatory compliance requirements, such as GDPR, HIPAA, and CCPA, have created a strong demand for application security solutions. Organizations across various industries must adhere to these regulations to avoid hefty fines and reputational damage. Compliance mandates often necessitate the implementation of security measures, including application security tools, driving the growth of the market.

Recent Development

In September 2020, Micro Focus has introduced Hybrid Cloud Management X, designed to simplify the delivery of multicloud services. The offering is a cloud-native, multi-tenant management platform that can run in the public cloud or onpremises.
In June 2020, MicroFocus introduced "Fortify on Demand", an application security testing services for AWS GovCloud. The service has the ability to offer enhanced testing, and vulnerability management to support critical federal agencies.
 Global Application Security Market Scope

The application security market is segmented on the basis of solution, service, testing, deployment, organization and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Solution

Web apps
Mobile apps

Service

Professional
Managed

Testing

Static Application Security Testing
Dynamic Application Security Testing
Interactive Application Security Testing

Deployment

On-cloud
On-Premise

Organization

Large Enterprises
Small and Medium Enterprises

End-user

Government and Defense
Banking
Financial Services and Insurance
IT and Telecom
Healthcare
Retail
Education
Other Verticals

The major players covered in the global application security market report are

VERACODE (U.S)
Hewlett Packard Enterprise Development LP (U.S)
Synopsys, Inc (U.S)
IBM (U.S)
WhiteHat Security (U.S)
Qualys, Inc (U.S)
Checkmarx Ltd. (Israel)
Acunetix (Malta)
Rapid7 (U.S)
Trustwave Holdings, Inc. (U.S)
High-Tech Bridge SA (Switzerland)
Contrast Security (U.S)
SiteLock (U.S)
Pradeo (France)
Fasoo, Inc (South Korea)
Oracle (U.S)
Micro Focus (U.K)
Positive Technologies (Russia) 

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