Application Security Market Is Expected To Grow At A CAGR Of Over 25% During 2022-2027

Global Application Security Market is expected to grow at a CAGR of over 25% during 2022-2027 owing to growing targeted attacks on the applications, growing security breaches at business application level and growing risk factors for mobile-based applications have increased the security needs for applications. Based on testing type, the market has been segmented into SAST, DAST and IAST. 

The IAST (Interactive Application Security Testing) segment is expected to grow at a highest CAGR during 2022-2027 since, it allows greater exposure of internal and external weaknesses in the applications, which might fault the applications. The key player in the market are WhiteHat Security, Veracode, Trustwave and many more. Moreover, North America region dominates the Application Security market in 2021 and is also expected to maintain its dominance over the next five years as well due to the region focuses on innovations and is investing heavily on its research & development technologies. 

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Some of the leading players in the global Application Security market are IBM, HPE, Fasoo, Sitelock, Trustware, Veracode, Rapid7, Synopsys, Checkmarx, Whitehat Security etc.

Objective of the Study:

  • To analyse and forecast the market size of Application Security, in terms of value.
  • To classify and forecast global Application Security based on testing type, component, organization size, industry vertical, deployment type and regional distribution.
  • To identify drivers and challenges for Global Application Security.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Application Security.
  • To conduct the pricing analysis for Application Security.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Application Security.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of vendors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration vendors across the globe.

TechSci Research calculated the market size of global Application Security using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Application security solution vendors
  • Application developers
  • Cybersecurity testers and auditors
  • Cybersecurity consultants
  • System integrators
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Contact

Mr. Ken Mathews

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New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

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