Application Security Market was valued at USD6

mahesh
mahesh 6/1/2023 9:38:22 AM

Application Security Market was valued at USD 8.34 Billion in 2022, and it is expected to reach USD 24.56 Billion by 2029, exhibiting a CAGR of 16.68% during the forecast period (2023-2029)

Application Security Market Overview:

The Application Security Market research study is set up so that each segment is individually analysed before being combined to form the total market, and the analysis is done based on consumer needs. Over the course of the forecast period, it is expected that the Application Security market would grow quickly because of the rising urbanization and development of emerging nations. On the other side, high investment costs might affect the growth of the Application Security market as a whole.

Application Security Market Scope and Research Methodology

Primary and secondary research methodologies were employed and data collected by using both research methods were combined to make the Application Security market report authentic. Various secondary sources including industry associations, white papers, and journals were used for data collection. Key Player’s offerings were also taken into consideration to determine the Application Security market segmentation.

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The bottom-up approach was used to estimate the market size by considering the Application Security adoption rate and  pricing by key players, which were then verified through primary research by conducting in-depth interviews with important business figures in the Application Security market, such as vice presidents (VPs), directors, and related executives. The overall process of market engineering was completed using data triangulation and market breakdown procedures, which led to the precise statistics for each segment and sub-segment.

Application Security Market Segmentation:

By solution, the web application security segment held the dominant share in 2022. The wide application of web application security in protecting online services or websites from threats or breaches is mainly responsible for the integration of application security solutions.

Based on the testing type, the application security market report covers the market size numbers of each sub-segment and also provides an analysis of the segment, which has a dominant share. The number of cyber-attacks against software applications has emphasized security as an important factor in software development.

by Solution

• Web Application Security
• Mobile Application Security

by Testing Type

• Static Application Security Testing (SAST)
• Dynamic Application Security Testing (DAST)
• Interactive Application Security Testing (IAST)
• Runtime Deployment Self-Protection (RASP)

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Application Security Market Key Players: 

• IBM(US)
• Hewlett Packard(US)
• Qualys, Inc(US)
• WhiteHat Security, Inc(US)
• Veracode(US)
• Oracle Corporation(US)
• Fortinet Inc.(US)
• Synopsys Inc(US)
• Lookout(US)
• Cisco Security Systems(US)
• Checkmarx(US)
• Rapid7(US)
• Onapsis(US)
• NowSecure(US)
• HCL(India)
• MicroFocus(UK)
• Capgemini(France)
• Pradeo( France)

Application Security Market Regional Insights

• North America (United States, Canada, and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of MEA)
• South America (Brazil, Argentina Rest of South America)

Report provides:

  1. Global Application Security Market Penetration: Provides a comprehensive overview of the Application Security market from the major players.
  2. Global Application Security Market Development: Provides in-depth information on interesting new areas as well as market penetration studies in existing categories.
  3. Global Application Security Market Diversification: In-depth coverage of new product releases, underserved areas, current changes, and investment opportunities.
  4. Competitive Landscape: Provides in-depth analysis of the main companies’ market shares, strategy, products, certification, regulatory approvals, patent landscape, and manufacturing capacity.

About Maximize Market Research:

A multifaceted market research and consulting firm, Maximize Market Research employs experts from various sectors. Medical device manufacturers, pharmaceutical companies, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general manufacturers, and other industries are some of the ones we cover. To name a few, we offer client impact studies, technical trend analysis, critical market research, competitive analysis, production and demand analysis, and market-verified industry estimations.

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