Increasing Security Issues in the World Are Driving Application Security Market Growth


Application Security Market
Application Security Market


Application Security Market, By Application (Web Application Security, Mobile Application Security), By Service(Component) {Managed, Professional}, By Deployment (Component) {Cloud, On-premise}, By Organization Size (Small and Medium Enterprises, Large enterprises), By Types of Security Testing (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Run-Time Application Self Protection (RASP)), By end-user vertical (Healthcare, BFSI, Education, Retail, Government, Other End-user Verticals), By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030.

Market Overview:

Application security refers to the process of protecting software applications from potential threats and vulnerabilities that could compromise the confidentiality, integrity, and availability of data. In today's digital world, software applications play a crucial role in our daily lives, from online banking and e-commerce to social media and healthcare. However, these applications are also vulnerable to cyber-attacks and data breaches, which can result in financial losses, reputation damage, and legal liabilities.

Competitive Landscape:

Major players operating in the global application security market include Kryptowire, Zimperium, Data Theorem, Lookout, Pradeo, NowSecure, Acunetix, F5, Inc., Imperva, Trustwave, OneSpan, VMware, Qualys, Contrast Security, CAST Software, GitLab, Onapsis, Rapid7, Capgemini, WhiteHat Security, MicroFocus, Veracode, Checkmarx, Synopsys, Cisco Systems, HCL Software, and IBM Corporation.

The Application Security Market was valued at US$ 7.35 Bn in 2021 and is forecast to reach a value of US$ 33.06 Bn by 2030 at a CAGR of 18.5% between 2022 and 2030.

Key Market Drivers:

The growing adoption of cloud-based applications, the increasing complexity of software applications, and the growing trend of Bring Your Own Device (BYOD) policies are expected to augment the growth of the global application market. For instance, in September 2020, Micro Focus launched a new design called Hybrid Cloud Management X, in order to deliver multi-cloud services.

Moreover, the increasing regulatory compliance requirements, such as GDPR, HIPAA, and PCI-DSS, are also estimated to witness high growth in the global application market. Application security involves various measures to prevent, detect, and respond to potential security threats and vulnerabilities in software applications. It includes activities such as secure coding practices, vulnerability testing, access controls, data encryption, and incident response planning. Application security is important for both businesses and consumers, as it helps to protect sensitive data and applications from cyber-attacks and data breaches.

Covid-19 Impact Analysis:

The COVID-19 pandemic has had a significant impact on the global Application Security Market. The rapid shift towards remote working and the increasing reliance on digital technologies has led to an increase in cyber-attacks and data breaches. This has increased the demand for application security solutions to protect sensitive data and applications. Additionally, the pandemic has disrupted the global supply chain, leading to a shortage of raw materials and finished products.

Key Takeaways:

North America is expected to dominate the global application market, owing to the presence of key market players, high adoption of advanced technologies, and increasing government initiatives to strengthen cybersecurity. For instance, in June 2020, Micro Focus launched an application security testing service called Fortify on Demand, for the AWS GovCloud.

The Asia-Pacific region is estimated to witness high growth in the global application market, owing to the increasing adoption of digital technologies, growing IT infrastructure, and rising cyber threats. For instance, according to EasyLeadz, there are over 170,000 IT companies in India.


Comments

Post a Comment

Popular posts from this blog

Global Flocculant And Coagulant Market Is Estimated To Witness High Growth Owing To Increasing Demand For Water Treatment Applications

Image
Flocculant And Coagulant Market  A) Market Overview: Flocculants and coagulants are chemicals primarily used for water treatment processes. They are used to remove suspended solids, colloids, turbidity, and other impurities from water, making them suitable for various end-use applications such as drinking water treatment, wastewater treatment, and industrial processes. The growing population along with increasing industrialization has led to a rise in water pollution, which in turn has fueled the demand for flocculants and coagulants to treat water and make it suitable for consumption. The global Flocculant and Coagulant Market Size is estimated to be valued at US$ (incorporate give market value for 2022) Bn or Mn in 2022 and is expected to exhibit a CAGR of (incorporate given CAGR) % over the forecast period (incorporate given forecast period), as highlighted in a new report published by Coherent Market Insights. B) Market Key Trends: One key trend observed in the flocculant and coag
Read more

Oilfield Chemicals Help Improve the Efficacy and Efficiency of Activities at an Oilfield Site

Image
  Oilfield Chemicals  Chemical compounds used in oil and gas extraction operations are known as oilfield chemicals. The oilfield chemical used as drilling fluids can include suspension, fibers, biocides, and clay control, as well as polymers, surface modifiers, suspension and rheology chemicals, fillers and particles. Oilfield chemical help improve corrosion protection, drilling optimization, prevent mud loss in different geological formations, improve oil recovery, and stabilize drilling fluid in high pressure and high temperature environment, and many others. Global Oilfield Chemicals Market was valued at US$ 68,855.3 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2022 to 2030). Oilfield drilling is a process of boring hole into to the earth crust for natural gas and oil. As the drilling fluid generates hydrostatic pressure in the borehole, it hinders fluid and gas penetration. Oilfield chemical are used to improve the efficiency and produ
Read more

Global Aniline Market Is Expanding Owing To Growing Adoption of Aniline in Formulating Rubber Processing Chemicals and Increasing Demand for Premium Furnishings and Automotive Interiors

Image
 Aniline Market  Aniline is a basic aromatic amine, it is found naturally in coal tar, tobacco smoke, and in foods. The compound is used as a coloring agent and also as an intermediate for the production of polyurethane. It is a colorless to brown liquid that has a burning taste. When heated, it produces toxic fumes. There is evidence that aniline can cause kidney damage and red blood cell breakdown. Exposure to this dye may have adverse effects on the spleen. As an aromatic amine, it is a weak base. This means that it reacts vigorously with strong oxidants. During oxidation, it forms carbon-nitrogen bonds. These compounds can produce carbonyl products, which can fragment proteins. They also contribute to protein aggregation. The chemical has been identified as a probable carcinogen. It is also suspected that aniline dyes can affect the liver. It can have a negative effect on the eyes. Growing automotive industry is estimated to augment growth of the global aniline market during the fo
Read more