In 2015, the global market for application security was valued at USD 2.05 Billion. The adoption of software applications is expected to rise due to increasing security breaches at the application level. The software application is now an integral part any company's business environment, regardless of its primary business operations. Because these software applications are often accessible over the internet, they pose a security risk to organizations. This security was used by the organizations to safeguard their business software and protect their critical data against external threats.
U.S. Application Security Market by End-Use, 2014-2025 (USD Million)
The business landscape has been transformed by cloud-based and mobile computing technology. Most companies use software applications to run their business processes. Amazon, for instance, relies heavily on mobile apps and online websites to sell a wide variety of products to customers.
Rapid development of web- and mobile-based apps has made it more difficult to secure IT infrastructures. Organizations have taken significant measures to secure their IT infrastructure, including securing the network layer. Many companies are now facing cyber-attacks problems due to a flaw in the design and implementation of software applications. These issues cannot be protected by traditional network security measures.
Market growth will be affected by the increasing need for software security measures (SDLC) during every phase of the software's development lifecycle. Industry demand is expected to rise due to the vital role of Application Security, which determines, fixes, and prevents security flaws in software applications during their development.
There is a growing demand for IT professionals to implement security measures in various industries, such as BFSI and healthcare. Market growth is expected to be driven by these evolving security regulations.
Global demand for mobile app security is expected grow at a highest CAGR (25.9%) between 2016 and 2025. With the rapid growth of internet usage and the increasing adoption of BYOD policies within enterprises, personal devices like smartphones, tablets, smart watches, and smart watchables have increased their use to access company information. The result has been an increase in non-IT controlled apps and the corporate network. This has led to an increase in data breaches related to mobile applications. These apps respond to both high demand from users and businesses to protect their sensitive information that is exposed to the public or private network.
In 2025, web application security will hold the largest share of the market. Web application security is the weakest point in corporate cybersecurity. According to Verizon's Data Breach Investigations Report 35% of data breaches can be attributed to web application vulnerabilities. The demand for security solutions will rise due to the increasing security breaches in web applications.
Due to a lack of expertise and skills in software security testing, most organizations have outsourced their security models. This has accelerated the growth of security services. Cloud-based security services will continue to grow in demand due to the increasing need for data security in a virtualized, multi-tenant environment.
Due to rising security threats and increasing adoption of managed security services by SME (Small and Medium Enterprises), the managed secure services is expected to grow at 18.2% CAGR from 2016 to 2025. SME's are increasingly choosing to bundle a wider range of services offered by service providers, which includes Application security solutions and other managed services. This is due to budgetary constraints and costs.
In 2015, the Interactive Application Security Testing market was worth USD 350 million. It is forecast to grow at a respectable CAGR of more than 19% over the forecast period. IAST can be combined with other testing technologies to create a comprehensive testing strategy in which DAST and SAST security testing methods are combined. This allows you to test the application in a real-world environment, identifying security flaws, and monitoring its dynamic response.
Global Application Security Market, Testing Type 2016 (%)
Over 25% of the total market was held by the government and defense sector. This market is expected to see strong growth in application security. This sector has struggled to protect computer software applications from large data breaches in the past few years. This is why organizations are increasing their budgets for security research and development. It is expected that this will be a key trend in the industry.
The U.S. government announced that it will invest USD 19Billion in cybersecurity in 2017 to improve both the public and private sector, while maintaining national security, privacy and public safety.
In 2015, more than 20% of the market was held by Asia Pacific. Increased dependence on the Internet has created vulnerabilities that have opened up opportunities for hackers and other attackers. Due to the increasing security breaches, many large and small businesses in Asia Pacific have invested in cybersecurity. Market growth is expected to be driven by the increasing number of cyber-attacks on the application layer, the growing web and mobile applications, and strict government regulations.
The global application security market is extremely competitive. Key industry competitors include IBM, Hewlett Packard Enterprise, Qualys, Inc., Veracode, WhiteHat Security, and Veracode. To expand its product range, the security service provider uses partnerships, acquisitions, and research & developments strategies. WhiteHat Security partnered with Prevoty in August 2015 to offer its customers the ability to identify application bugs and other defects using Prevoty's RASP capabilities.
This report predicts revenue growth at the global, regional and country levels. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global market for application security on the basis solution, service, testing type and deployment.
Solution Outlook (Revenue USD Million, 2014-2025)
Security of Web Applications
Mobile Application security
Services Outlook (Revenue USD Million, 2014-2025)
Managed
For professionals
Type Outlook Testing (Revenue, USD million, 2014-2025)
Static Application Security Testing (SAST).
Dynamic Application Security Testing
Interactive Application Security Testing (IAST).
RASP (Runtime Application Self Protection)
Forecast for Deployment (Revenue, USD million, 2014-2025)
Cloud
On-premise
Organization Size Outlook (Revenue, USD million, 2014-2025)
Medium and small enterprises
Large enterprise
End-User Outlook (Revenue USD Million, 2014-2025)
BFSI
Defense and government
Healthcare
IT & Telecom
Manufacturing
Retail
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S.
Canada
Europe
Germany
France
The U.K.
Rest of Europe
Asia Pacific
China
India
Japan
Rest of APAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
b. Global application security market size was USD 4.2 billion in 2019, and is forecast to grow to USD 4.9 billion by 2020.
What is the growth rate of the application security market?b. Global application security market will grow at a compound annual rate of 17.7% between 2016 and 2025, to reach USD 10.7 Billion by 2025.
Which segment had the largest share of the application security market?b. With a 35.4% share in 2019, North America dominated application security markets. This can be attributed to the presence and increasing adoption of mobile apps and security vendors as well as stricter compliance requirements.
Who are the major players in the application security market?b. Among others, IBM, Hewlett Packard Enterprise Development LP, Qualys, Inc., WhiteHat Security, Inc., Veracode are some of the key players in the application security market.
What are the driving factors in the application security marketb. The market growth is being driven by increasing targeted attacks against applications and an increase in BYOD adoption.
Up Market Research published a new report titled “Application Security Market research report which is segmented by Services (Managed, Professional), By Players/Companies IBM; Hewlett Packard Enterprise Development LP; Qualys, Inc; Veracode amongst others, Inc; WhiteHat Security”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Application Security Market Research Report |
By Services | Managed, Professional |
By Companies | IBM; Hewlett Packard Enterprise Development LP; Qualys, Inc; Veracode amongst others, Inc; WhiteHat Security |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 211 |
Number of Tables & Figures | 148 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Services (Managed, Professional).
Application Security Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Application Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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