Application Security Market Industry Analysis, Size, Share, Growth, Trends

According to market research report "Application Security Market by Component (Solutions, Services), Solution (Web Application Security, Mobile Application Security), Testing Type (SAST, DAST, IAST), Deployment Mode, Organization Size, Industry Vertical,

(EMAILWIRE.COM, March 19, 2020 ) The major factors that are expected to be driving the application security market is the need to protect IT infrastructure from sophisticated application layer attacks, increased deployment of third-party applications that are often unsecure, and necessity to adhere to government regulations.

Mobile application security is expected to have a higher growth rate in the application security market during the forecast period. Increasing number of smartphone users, the adoption of the Bring Your Own Device (BYOD) trend, and growing enterprise mobility needs are driving the growth of the mobile application security market. However, web application security is expected to have a larger market size than mobile application security during the forecast period, due to its increasing usage in business operations.

Due to increase in security breaches targeting business applications, organizations across the world are deploying application security solutions to safeguard their web and mobile applications. The major forces driving the application security market are the need to protect enterprise applications and data from sophisticated application layer attacks, necessity to adhere to government regulations, and increased usage of third-party applications. Thus, organizations are adopting advanced application security testing solutions, which are mainly classified into static, dynamic, and interactive application security testing.

Interactive Application Security Testing (IAST) is expected to grow at the highest CAGR during the forecast period.

The demand for application security solutions is expected to grow rapidly in the next 5 years, as the application layer is the prime target for hackers to gain access to sensitive information. Among the security testing types, the IAST segment is expected to grow at the highest CAGR during the forecast period, as IAST is the next-generation application security testing, which is capable of detecting complex application vulnerabilities, both internal as well as external. There are a few vendors who have already included IAST in their product portfolio, while many others are aiming to launch it soon.

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North America is expected to dominate the application security market during the forecast period.

North America is estimated to hold the largest share in the global application security market in 2017 due to its fast adoption of latest technologies, the presence of major application security solution vendors, and strict government and industry regulations with respect to the deployment of IT tools for business processes. This results in the extensive implementation of security policies to prevent cyber threats.

The report encompasses the competitive landscape, which presents the positioning of the 25 key application security solutions and services vendors, based on their product offerings and business strategies. Some of the major solution vendors include Veracode (Massachusetts, US), Hewlett Packard Enterprise (California, US), Synopsys (California, US), IBM Corporation (New York, US), WhiteHat Security (California, US), Qualys (California, US), Checkmarx (Tel Aviv, Israel), Acunetix (St Julians, Malta), Rapid7 (Massachusetts, US), Trustwave (Illinois, US), High-Tech Bridge (Geneva, Switzerland), Contrast Security (California, US), SiteLock (Arizona, US), Pradeo (Paris, France), and Fasoo (New Jersey, US).