Application Security Market
Application Security Market Size, Share & Trends Analysis Report by Component (Software and Services), by Type (Web Application Security and Mobile Application Security), by Deployment (Cloud and On-Premise), and by End-Users (BFSI, Healthcare, IT and Telecom, Government, Retail & E-Commerce, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Application security market is anticipated to grow at a CAGR of 17.2% during the forecast period. The adoption of artificial intelligence and machine learning in the web and mobile application security process is expected to increase demand for the application security market during the forecast period. The increasing role of AI and ML in application testing security is offering new opportunities to the market. The adoption of AI and ML is pushing market players to launch AI-based application security which will further contribute to the market growth during the forecast period. For instance, in May 2021, APIsec launched AI-Based application security which helps to automate API penetration testing, providing continuous visibility and complete test coverage.
Additionally, in February 2018, SEWORKS announced Pentoma, the AI-powered penetration testing tool that allows software developers to conduct smart hacking attacks and efficiently pinpoint security vulnerabilities in web apps and servers. SEWORKS’ Pentoma conducts penetration or pen tests driven by artificial intelligence which helps in improving and expanding threat detection capability.
Segmental Outlook
The global application security market is segmented based on the component, type, deployment, and end-users. Based on the component, the market is bifurcated into software and services. Based on the type, the market is divided into web application security and mobile application security. Based on the deployment, the market is sub-segmented into cloud and in-premise. Based on the end-users, the market is augmented into BFSI, healthcare, IT and telecom, government, retail and e-commerce, and Others. The software segment is expected to hold a remarkable market share during the forecast period. the factors such as the growing demand for mobile app security, and the rise in data breaches are propelling the demand for the software segment.
Among the end-users, the BFSI sub-segment is expected to hold a prominent market share during the forecast period. Banks and other financial institution stores a large amount of personal and sensitive data of customers such as customers' financial transaction details, payment information, card details, and more. Application security solutions help BFSI sectors to protect the organization from threats, digital frauds, and vulnerabilities which in result the industry implementing application security features further driving the market growth. For instance, in August 2021, the State Bank of India (SBI) launched a new security feature, 'SIM Binding' in its digital banking platform YONO and YONO Lite. According to the bank, these new features will help customers by protecting them from different kinds of digital fraud. Additionally, 'With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have SIM mobile numbers registered with the bank.
Regional Outlooks
The global application security market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to provide lucrative growth to the market during the forecast period. The increasing adoption of technologies and the growing importance of web security & privacy concerns are the factors attributing the growth to the market during the forecast period.
Global Application Security Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to be the Fastest Growing Region in the Global Application Security
Among all regions, the Asia-Pacific region is expected to be the fastest-growing region in the market during the forecast period. The growing threat of cyber-attacks is attributing the growth to the application security market. For instance, in July 2021, the Indian Computer Emergency Response Team (CERT-IN) issued alerts to over 700 organizations across sectors to enable active cyber-threat prevention. The CERT-In conducts regular training programs for network or system administrators and Chief Information Security Officers (CISOs) of the government and critical sector organizations regarding mitigation of cyber-attacks. Moreover, according to the IT ministry, the government formulated the National Cyber Security Strategy 2021 (NCSS2021), which helps to address the issues of security of national cyberspace.
Market Players Outlook
The major companies serving the global application security market include Capgemini SE, Cisco Systems, Inc., HCL Technologies Ltd., IBM Corp., Micro Focus International Plc, Synopsys, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2021, Checkmarx announced the launch of the Checkmarx Application Security Platform to help CISOs, AppSec teams, and developers address the growing and dynamic security challenges. It seamlessly works with all modern frameworks and development infrastructures through webhook integrations, a standard set of APIs, or a command line interface. Furthermore, the platform can integrate into any workflow or tool and deliver security with speed, scale, and flexibility.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global application security market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Application Security Market by Component
4.1.1. Software
4.1.2. Services
4.2. Global Application Security Market by Type
4.2.1. Web Application Security
4.2.2. Mobile Application Security
4.3. Global Application Security Market by Deployment
4.3.1. Cloud
4.3.2. On-Premise
4.4. Global Application Security Market by End-Users
4.4.1. BFSI
4.4.2. Healthcare
4.4.3. IT and Telecom
4.4.4. Government
4.4.5. Retail & E-commerce
4.4.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Capgemini SE
6.2. Cast Software Inc.
6.3. Checkmarx Ltd.
6.4. Cisco Systems, Inc.
6.5. Contrast Security Inc.
6.6. F5, Inc.
6.7. GitLab Inc.
6.8. HCL Technologies Ltd.
6.9. IBM Corp.
6.10. Imperva, Inc.
6.11. Kryptowire LLC
6.12. Lookout, Inc.
6.13. Micro Focus International Plc
6.14. NowSecure, Inc.
6.15. Onapsis Inc.
6.16. Pradeo
6.17. Qualys, Inc.
6.18. Rapid7 Inc.
6.19. Synopsys, Inc.
6.20. Trustwave Holdings, Inc.
6.21. Veracode, Inc.
6.22. VMware Inc.
6.23. Zimperium, Inc.
1. GLOBAL APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL APPLICATION SECURITY BY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL APPLICATION SECURITY BY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL WEB APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL MOBILE APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
8. GLOBAL CLOUD-BASED APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ON-PREMISE APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
11. GLOBAL APPLICATION SECURITY FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL APPLICATION SECURITY FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL APPLICATION SECURITY FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL APPLICATION SECURITY FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL APPLICATION SECURITY FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL APPLICATION SECURITY FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
20. NORTH AMERICAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
22. NORTH AMERICAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
23. EUROPEAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. EUROPEAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. EUROPEAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
27. EUROPEAN APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
33. REST OF THE WORLD APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
34. REST OF THE WORLD APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
35. REST OF THE WORLD APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
37. REST OF THE WORLD APPLICATION SECURITY MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. GLOBAL APPLICATION SECURITY MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL APPLICATION SECURITY BY SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL APPLICATION SECURITY BY SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL APPLICATION SECURITY MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL WEB APPLICATION SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL MOBILE APPLICATION SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL APPLICATION SECURITY MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
8. GLOBAL CLOUD-BASED APPLICATION SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL ON-PREMISE APPLICATION SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL APPLICATION SECURITY MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
11. GLOBAL APPLICATION SECURITY FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL APPLICATION SECURITY FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL APPLICATION SECURITY FOR IT AND TELECOM MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL APPLICATION SECURITY FOR GOVERNMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL APPLICATION SECURITY FOR RETAIL AND E-COMMERCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL APPLICATION SECURITY FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL APPLICATION SECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. US APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
20. UK APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD APPLICATION SECURITY MARKET SIZE, 2021-2028 ($ MILLION)
