Market Overview
Market Research Future (MRFR), in its report on the Application Security market , reveals the impact of novel coronavirus on the market and mentions
are other factors that are observed to influence the market through the
assessment period. The increase in the adoption of Application Security Testing
and increase in the utility of Application Security tools can benefit the
global application security market across the study period. The rise in
deployment of application security solutions across major enterprises can
promote the expansion of the global market. The rise of the application
security market at a high pace can be attributed to the expansion of the
utility of its services. The rise in monetary transaction via mobile
application comprises confidential information, such as banking, account
details, and login details of user, can propel the expansion of the application
security market through the analysis period. The growing rate of adoption of
devices driven by internet of things and rise in bring your own device culture
can also favor the expansion of the application security market through the
review period.
Market Segmentation
The segment study of the application security market is done by
component, deployment, organization size, testing type, and verticals.
The Component based segments of the application security market are
Solution and services. The solution segments comprises of Web application
security and Mobile application security. The Service segment comprises of
Professional and Managed services.
The Testing Type based segments of the application security market are
Interactive Application Security Testing (IAST), Dynamic Application Security
Testing (DAST), and Static Application Security Testing (SAST) among others.
The Deployment based segments of the application security market are
Comprises Cloud and On-Premise.
The Organization size based segments of the application security market
are Small & Medium Organization and Large Organization.
The Vertical based segments of the application security market are
Education, manufacturing, BFSI, Government and Defense, Retail, IT and
Telecommunication, Healthcare, media and entertainment, and oil and gas, among
others.
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Regional Analysis
In North America, increase in awareness and
need for application security solutions can bolster the expansion of the
regional application security market through the review period. As per MRFR
regional study, North America application security market is expected to stand
in the forefront of the world application security market growth curve. The US
is expected to secure the highest market share of the global market through the
review period. The high adoption rate of modern tools and technologies for application
security and the presence of top notch application security solution providers
is expected to boost the rise of the market in North America.
In Europe, the pressing demand for
application security across booming sectors can underpin the rise of the regional
market through the study period. The expansion of EU application market can be
attributed to the rise in its demand in the well-established aviation
sector.
APAC application security market is expected
to surge at a substantial CAGR across 2016 to 2022 as the increase in the
adoption of application security solutions across developing economies are
expected to promote the expansion of the market in the review period. The
continuous rise in telecom sector can impel the expansion of Asia Pacific application
security market in the analysis period.
Key Players
Veracode (U.S.), HPE (U.S.), Synopsys (U.S.),
IBM (U.S.), WhiteHat Security (U.S.), Qualys (U.S.), Checkmarx (Israel),
Acunetix (Malta), Rapid7 (U.S.), Trustwave (U.S.), High-Tech Bridge (Switzerland),
Contrast Security (U.S.), are some of the prominent players profiled in MRFR
Analysis and are at the forefront of competition in the Global Application
security Market.
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