Application Security Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00125799
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:9.44
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.44
Information & Technology-companies
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Report Overview

The Application Security Market is anticipated to experience significant growth, with an estimated Compound Annual Growth Rate (CAGR) of 14.23% between 2022 and 2032. The market is projected to expand by USD 14,576.85 million during this period. Application security involves measures and solutions to protect software applications from vulnerabilities, threats, and attacks, ensuring data confidentiality, integrity, and availability.

Application Security Market Overview:

Drivers:

The increasing frequency and sophistication of cyberattacks drive the growth of the application security market. As businesses and individuals rely heavily on digital platforms, protecting sensitive data and preventing breaches become paramount. Application security solutions safeguard against threats such as SQL injection, cross-site scripting, and data breaches, enhancing overall cybersecurity posture.

Furthermore, regulatory compliance mandates and data protection regulations foster the adoption of application security solutions. Organizations must adhere to regulations such as GDPR, HIPAA, and PCI DSS, requiring them to implement robust security measures to protect user data and privacy.

Trends:

The integration of DevSecOps practices is a significant trend shaping the market. DevSecOps combines development, security, and operations, integrating security into the entire application development lifecycle. This approach ensures that security measures are incorporated from the initial stages of development, reducing vulnerabilities and improving overall software quality.

Moreover, the adoption of cloud-native application security solutions is on the rise. Cloud-native security offers scalability, flexibility, and continuous monitoring, aligning with the dynamic nature of cloud-based applications and infrastructure.

Restraints:

The complexity of application environments and the diverse nature of threats pose challenges in the application security market. Applications can consist of multiple components, frameworks, and third-party libraries, making it challenging to identify and address all potential vulnerabilities. Additionally, the evolving threat landscape requires continuous updates and monitoring of security measures.

Moreover, false positives generated by security tools can impact efficiency and resource allocation. Sorting through a high volume of false positives can lead to fatigue and hinder the identification of genuine threats.

Application Security Market Segmentation by Application: The web application security segment is expected to witness substantial growth during the forecast period. Web applications are commonly targeted by cybercriminals, making them vulnerable to attacks like cross-site scripting and injection attacks. Application security solutions offer web application firewalls, vulnerability scanning, and penetration testing to mitigate these risks.

Additionally, the mobile application security segment is a key application area for application security solutions. The proliferation of mobile devices and apps increases the need to protect sensitive data and user interactions.

Application Security Market Segmentation by Solution: The Web Application Firewall (WAF) segment is anticipated to exhibit significant growth due to its effectiveness in protecting web applications from various attacks. WAF solutions analyze incoming web traffic, identify suspicious patterns, and block malicious requests, ensuring web application security.

Regional Overview:


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The North America region is projected to contribute significantly to the global application security market, accounting for 42% of the market share during the forecast period. The presence of major technology companies, financial institutions, and a mature cybersecurity ecosystem drives the region's growth.

Additionally, the increasing adoption of digital services and the growth of e-commerce in North America heighten the demand for robust application security measures. The region's awareness of cybersecurity risks and the need for compliance further boost the market.

In 2020, the application security market experienced accelerated growth due to the COVID-19 pandemic's impact on remote work and digital transformation. The shift to online platforms led to increased cyber threats, driving the adoption of application security solutions.

Application Security Market Customer Landscape: The application security market report analyzes the adoption lifecycle, spanning from early adopters to late adopters. It examines adoption rates across different industries and regions, considering penetration levels. The report also explores key purchase criteria and factors influencing price sensitivity, aiding companies in developing effective growth strategies.

Major Application Security Market Companies: Key players in the application security market are adopting diverse strategies such as partnerships, acquisitions, technology innovation, and service expansion to enhance their market presence.

Some major players include:

  • IBM Corporation
  • Check Point Software Technologies Ltd.
  • Fortinet, Inc.
  • Palo Alto Networks, Inc.
  • Qualys, Inc.
  • Synopsys, Inc.
  • Veracode, Inc.
  • WhiteHat Security, Inc.
  • Rapid7, Inc.
  • F5 Networks, Inc.

The research report provides a comprehensive competitive landscape analysis of 20 market companies, evaluating their strengths, weaknesses, and strategic approaches. The analysis categorizes companies based on their market focus and dominance.

Segment Overview:

The application security market report forecasts revenue growth globally, regionally, and at the country level. It analyzes trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032)
    • Web Application Security
    • Mobile Application Security
    • Cloud Application Security
    • Others
  • Solution Outlook (USD Million, 2019 - 2032)
    • Web Application Firewall (WAF)
    • Runtime Application Self-Protection (RASP)
    • Static Application Security Testing (SAST)
    • Dynamic Application Security Testing (DAST)
    • Interactive Application Security Testing (IAST)
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • UAE
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Application Security MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Application Security MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Application Security Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Application Security MARKET BY Application landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Web Application Security

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Mobile Application Security

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Application Security MARKET BY service INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Managed

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Professional

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Application Security MARKET REGIONAL OUTLOOK

7.1. Application Security Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Application Security Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Application Security Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Application Security Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Application Security Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Application Security Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 IBM Corporation

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Oracle Corporation

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Fortinet

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Veracode (Thoma Bravo)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Synopsys

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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