Press Release: April 27, 2020
The global Application Security market size is expected to reach USD 9.5 billion by 2026 according to a new study by WhipSmart Market Intelligence. The report “Application Security Market by Component (Solutions, Services), Solution (Web Application Security, Mobile Application Security), Testing Type (SAST, DAST, IAST), Deployment Mode, Organization Size, Vertical; By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The report covers the COVID-19 impact on the Application Security Market. The COVID-19 Impact analysis will help you to understand the future market growth in the Application Security Market.
Application security is the process to the use of making apps, software, hardware, and procedural methods more secure by finding, fixing, and enhancing the security of apps and protect applications from external intimidations.
Application security software enables the protection of sensitive data stored within various applications. Application security systems are essential within the banking sector to protect the critical credentials of the bank’s data. Rising within the number of Internet of Things (IoT) based applications has been a supporting factor for the expansion of the appliance security market. Growing concerns related to the safety breaches of business applications is additionally expected to offer rise to application security systems. Hybrid analysis or interactive application security testing (IAST), which provides competitive advantages like the detection of wrong inputs and identifying breaches of security code has also increased over a period of time. These convince be a number of the foremost influential driving forces to the application security market.
The increasing dependence on the web has increased vulnerabilities, providing opportunities for hackers and attackers. Many SMEs and huge enterprise within the Asia Pacific region are investing within the cybersecurity, due to rising major problems with security breaches. The increasing number of cyber-attacks at the application layer, growing web and mobile application, and stringent government bylaws are anticipated to further propel the market growth within the Asia-Pacific region.
The key players in the market include International Business Machine (IBM) Corporation, Veracode, Transport America, WhiteHat Security, Qualys, Fasoo, Checkmarx Ltd., Contrast Security, Pradeo, and among others. Development of distribution channels, novel product development, and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart Market Intelligence Market research has segmented the Application Security market report on the basis of component, testing type, deployment mode, organization size, and Vertical and region
Application Security Component Outlook (Revenue, USD Million, 2019 – 2026)
Application Security Testing Type Outlook (Revenue, USD Million, 2019 – 2026)
o Static Application Security Testing (SAST)
o Dynamic Application Security Testing (DAST)
o Interactive Application Security Testing (IAST)
Application Security Deployment Mode Outlook (Revenue, USD Million, 2019 – 2026)
Application Security Organization Size Outlook (Revenue, USD Million, 2019 – 2026)
o Small and Medium Enterprises (SMEs)
o Large enterprises
Application Security Vertical Outlook (Revenue, USD Million, 2019 – 2026)
o Government and Defense
o Healthcare and Life Sciences
o Media and Entertainment
o Others (Education, Travel and Tourism, Manufacturing, and Energy and Utilities)
Application Security Regional Outlook (Revenue, USD Million, 2019 – 2026)
o North America
o Asia Pacific
o Latin America
o Middle East & Africa
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