IMARC Group, a leading market research company, has recently releases report titled " Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. " The study provides a detailed analysis of the industry, including the global application security market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report HighlightsHow Big is the Application Security Market?The global application security market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.6 Billion by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2023-2028.
What is Application Security?Application security is a technique of developing, enhancing and analyzing the features available in different apps to prevent security vulnerabilities. It includes authentication, authorization, encryption, and logging as additional security layers to help reduce the risk of unauthorized third-party access, modifications, and unusual activities. It is commercially available in numerous testing types, including dynamic application security testing (DAST), interactive application security testing (IAST), and runtime application self-protection (RASP). In recent years, application security has gained immense traction across various enterprises since it helps protect critical data from leaks and improve user data security to build consumer confidence.
Request for a free sample copy of this report: What are the growth prospects and trends in the Application Security Industry?https://www.imarcgroup.com/application-security-market/requestsampleThe global application security market is primarily driven by the surging adoption of flexible, durable, and cost-effective security solutions due to the increasing instances of fraudulent online activities across the information technology (IT), e-commerce, banking, financial services, and insurance (BFSI), telecom, and public sectors.
Moreover, the growing need to determine each stage of the software development lifecycle (SDLC) for safeguarding essential data and software has augmented the product demand. Additionally, governments of numerous countries are taking favorable initiatives to improve cybersecurity by incorporating security identifiers (IDs) for user identification.
What is included in market segmentation?In line with this, the rising data vulnerability risks due to the widespread adoption of work from home (WFH) and bring your own device (BYOD) corporate model and the implementation of mandatory lockdowns amid the coronavirus disease (COVID-19) outbreak is another major growth-inducing factor. Other factors, including the rising internet penetration, growing usage of smart devices, and increasing instances of data breaches and cybercrime, are also anticipated to create a favorable market outlook.
Breakup by Component:Breakup by Type:The report has segmented the market into the following categories:
Breakup by Testing Type:- Web Application Security
- Mobile Application Security
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
- Runtime Application Self-Protection (RASP)
- Large Enterprises
- Small and Medium-sized Enterprises
- BFSI
- Healthcare
- IT and Telecom
- Manufacturing
- Government and Public Sector
- Retail and E-Commerce
- Others
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
The report covers the major market players including:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.About UsCapgemini SE, Checkmarx Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro Focus International plc, Ntt Security Appsec Solutions Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc., Rapid7, Synopsys Inc. and Veracode.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5183&flag=C
Contact USIMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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