Application Security Market Research Report- Global Forecast 2030

Global Application Security Market, By Solution (Web apps, Mobile apps), By Service (Professional, Managed), By Testing (SAST, DAST), By Deployment (On-cloud, On-Premise), By Organization (SMEs, Large), By End-user (BFSI, Healthcare)- Forecast till 2030

ID: MRFR/ICT/2435-CR | August 2018 | Region: Global | 200 pages         

Application Security Market

The application Security Industry projected to USD 27.71 Billion Expected To grow by 16.87%.

Segmentation

By Solution Web apps Mobile apps
By Service Professional Managed)
By Testing SAST DAST
By Deployment On-cloud On-Premise
By Organization SMEs Large

Key Players

  • Veracode (U.S.)
  • HPE (U.S.)
  • Synopsys (U.S.)
  • IBM (U.S.)
  • WhiteHat Security (U.S.)
  • Qualys (U.S.)
  • Checkmarx (Israel)
  • Acunetix (Malta)
  • Rapid7 (U.S.)
  • Trustwave (U.S.)
  • High-Tech Bridge (Switzerland)
  • Contrast Security (U.S.)

Drivers

  • The foundation of the digital infrastructure is focused on communication between business-critical applications and data
  • which are shared across platforms
  • devices
  • and users.
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Application Security Market Overview:


The application Security Industry is projected to grow by 16.87%. The application security program can enhance the security of applications. Prevention, fixing and detecting vulnerabilities are some of the tasks of application security. At different levels, the security is made stricter by the software. New security developments, designing and maintaining is the operation of this software. 


Today, organizations have plenty of repositories to safeguard. A robust security plan is essential in most enterprises. Hackers are becoming more intelligent with new hacking tools and techniques. Therefore, securing organisation data and finding the loopholes for breaches is essential. The application security acts as a bridge for the security solutions. The application software uses both software and hardware sets to mitigate security issues. 


There are plenty of web applications in the application security program. They can effectively protect data and passwords in any organisation. The application security market demand is constantly surging. The need for this program in an enterprise setting and commercial places are high. The new and advanced cyber threats lead to high growth. An on-premise segment of the market is witnessing the highest demand. Application Security Market Report the overall value is estimated to rise by USD 27.71 Billion.


COVID Analysis 


The outbreak of covid 19, is leading to more damages in the global markets. However, the application security market is witnessing high growth. The amount of web applications is rising by 40% in recent years. Also, the number of web application developer rates is surging. The rate of smartphones and mobile use population is massive. Especially, in pandemics the amount of time spent on mobile phones is high. Global lockdowns are restricting people from going out. It is leading to more use of smartphones in casual time. Social media access and online shopping are the keys ask of these mobile users.


To reduce data breaches many mobile application developers are adopting application security. By enhancing their application security they are improving the quality of their services. It is attracting many mobiles users to try out new applications. Also, the surge of governmental apps is leading to more adoption of application security. This positive trend of the application security market is continuing post covid 19. 


Market Dynamics 



  • Crucial Market Drivers 


The increasing rate of data breaches is a crucial driver for the application security market. Advanced security threats are a major concern for enterprises and consumers. Today, the business environment is rapidly adopting digital solutions. These digital solutions mainly enhance communication in businesses. Enterprises are using the highest amount of applications. Due to this, they are the main targets for cyber threats and breaches. 


As per the F5 labs report web applications in the enterprise will lead to 30% of breaches in the market. Almost half of the applications in the enterprises are prone to breaches. The rate of patch app for the applications is rising. It makes it easy for hackers to breach the application. The aggressive data sharing and collection is leading to more breaches. It is a major factor that will expand the Application Security Market Size. Further, the increasing demand for mobile application security is another driver for the market. 


The use of the mobile application is high from both the enterprise and consumer end. All these factors will lead to high revenue for the application security market. 



  • Market Growth Opportunities 


Adoption of artificial intelligence and machine learning will lead to higher growth opportunities. Today, most of the security threats pass through the security lifecycle. More advanced features are required to advance the application security. Integration of AI and ML is expected to make security solutions stronger. These features can be leveraged into security solutions in many ways. Unlike regular security solutions, AI can detect a breach in advance. With ML automating, the attack is possible. Timely and efficient management of data breaches is attainable with these advancements. These improvements in the application security market will attract plenty of key players to the product.


Furthermore, the internet of things is another reason for high growth. IoT cannot offer hybrid application security. Connecting all the devices and hardware in the organization is possible. Today, many organisations are already adopting IoT. It makes it easy for an end-user to adopt application security. All these market growth opportunities will enhance supply and revenue. The increasing investments in the market will bring more product improvements. All these factors will contribute to the overall expansion rate of the application security market. 



  • The Market Restraints 


The high cost and fewer returns are restraints of the market. Application security is an investment that cannot provide returns for organisations. Rather, it offers safety and revenue loss due to potential data breaches. Due to this, many enterprises think that investing in such security solutions is a waste of money. All these factors make application security seem expensive and useless for a few enterprises.


 Due to low spending on these applications remain updated by many enterprises. The purchase of new updates is less in the market. The fewer funds for application security can decline the demand. Also, expansion of the market is affected due to less adoption of new updates. 



  • The Market Challenges 


Lack of cyber awareness remains a challenge for the market. In many regions, the seriousness of cyber threats is less. Most enterprise knows its dangerous effects after massive revenue losses. The lack of awareness can lead to less adoption of application security. The key players of the market are taking initiatives to increase awareness about cyber threats.


However, this market challenge can affect the overall growth rate in the forecast period. The unused applications in enterprise and mobile phones are another challenge to the market. The application security software protects files from active web applications. However, the unused applications can affect and cause breaches that notice of this software. These challenges can decline the overall demand of this market. 



  • Cumulative Growth Analysis 


The Application Security Market Analysis shows a surging growth trend. The increasing adoption of application security is a crucial market driver. The amount of web application breaches is constantly rising. It leads to high adoption by end-users and consumers. Further, the penetration of mobile phones is positively impacting the market.


 Due to high mobile users, the adoption of application security is rising. However, the high cost of the program is increasing the overall growth of this market. Also, the integration of AI and ML will provide more scope for the market. High growth opportunities will lead to exceptional revenue rates for the application security market. 



  • Value Chain Analysis 


The Asia Pacific is expected to dominating player in the market. It is a region that is expected to hold the highest Application Security Market Share. The frequency of data breaches in this region is massive. It is a region that has high use of open source applications.


Low investment for web applications leads to open source apps. Due to this, the risks and security issues are higher in the market. Malpractices and operational risks are affecting enterprises the most. Lack of cybercrime legislation is leading to more number of accidents. The Application Security Market Players are more in Asia pacific. It will lead to more developments in the region. 


Segment Overview 


By Component 



  • Solution 

  • Service 


By Deployment Mode 



  • Cloud 

  • On-Premise 


By Organization Size 



  • Small scale enterprise 

  • Large scale enterprise 


By Type 



  • Mobile application security 

  • Web application security 


By Testing Type 



  • Runtime application security 

  • Static application security 

  • Interactive application security 

  • Dynamics application security 


Competitive Landscape 


Competition in the application security market is becoming intense in the forecast period. There are new entrants in the market in upcoming years.


 Cost competitiveness is expected to rise in the market. Further, market acquisitions, expansion and partnerships are key strategies in the competitive landscape. 


Regional Analysis 


The application security market is diversified into Asia Pacific, Europe and North America. The Asia Pacific is leading other regional players with the highest growth rate. There are plenty of businesses that require application security. Preventing data theft, breach and monetary losses are beneficial for enterprises. Also, there are many Application Security Market Companies in the region.


Further, North America is the next largest market with high shares. It is an early adopter o the application security solution. The high penetration of mobile devices will lead to immense growth in the market. The presence of top players will bring new developments in the forecast period. Further, Europe is another large region with high market growth. All these regional players will contribute to the growth of the global Application Security Business. 


The key players of the application security market are 



  1. Capegemini

  2. Synopsys

  3. MicroFocus

  4. Cisco Systems Inc.

  5. Whitehat Security

  6. Veracode

  7. HCL Technologies

  8. RAPID

  9. Qualys


Recent Developments 



  1. The application security market players are launching the hybrid model of this solution in upcoming years. Deliveries of hybrid multi-cloud solutions will high revenue for the market. 



  1. The key player in our market is developing unique application security for federal organisations. 


Market Overview 



  1. Market Overview Highlights 

  2. Analysis Based Upon COVID 19

  3. Explanation Upon The Market Dynamics

  4. Value Chain Analysis

  5. Market Segmentation Overview

  6. The Regional Analysis

  7. Competitive Landscape Analysis

  8. Recent Developments



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 27.71 Billion (2020-2030)
  CAGR   16.87% (2020-2030)
  Base Year   2020
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Solution, By Service
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Veracode (U.S.), HPE (U.S.), Synopsys (U.S.), IBM (U.S.), WhiteHat Security (U.S.), Qualys (U.S.), Checkmarx (Israel), Acunetix (Malta), Rapid7 (U.S.), Trustwave (U.S.), High-Tech Bridge (Switzerland), Contrast Security (U.S.)
  Key Market Opportunities   Increase in demand for Software as a Service (SaaS)-based application security solutions, the application security market will have an immense opportunity to expand over the next five years.
  Key Market Drivers   The foundation of the digital infrastructure is focused on communication between business-critical applications and data, which are shared across platforms, devices, and users.


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Frequently Asked Questions (FAQ) :

A 16.87% CAGR is estimated to motivate the market in the coming years.

An income potential of USD 27.71 Billion is estimated to be gained by the conclusion of 2030..

Checkmarx Ltd. (US), Rapid7 Inc (US), White Hat Security Inc. (US), Qualys Inc., (US), High-Tech Bridge SA (Switzerland), and Acunetix Ltd (U.K.) are a few of the contenders in the market.

The presence of a strong economy in the North American region is expected to motivate the market in the coming period.

The escalation in the level of cyberattacks and frauds is estimated to encourage the market in the coming period.

The global application security market is characterized by the presence of many global, regional, and local providers.


According to MRFR analysis, IBM Corporation was leading the global application security market in 2017. IBM Corporation is a global technology company providing computer systems, computer hardware, software and information technology consulting services. The company leads the market with its world-class application security solutions enhancing web and mobile application security. The company offers products such as IBM Security AppScan and IBM Application Security on Cloud which helps IBM’s customers to scan Web and Android applications for security issues and provide a detailed security report with troubleshooting. This makes IBM Corporation the leader in the global application security market. The company also plans to invest heavily in research and development of innovative application security solutions to maintain its strong market position.         


Hewlett Packard Enterprise had successfully occupied the second position in the global application security market in 2017. HPE is a leading multinational technology company and has a diverse portfolio of technology solutions. The company provides world-class application security solutions which help the consumers to find and fix security vulnerabilities in Web applications throughout the application software development life cycle (SDLC). With these solutions, HPE has assisted organizations to reduce web attacks and weaknesses in its web applications and provide built-in security in hybrid IT and edge environments covering infrastructure, applications, data, and devices. This helps HPE to maintain a strong customer base and grow its market position.


Veracode has occupied the third position in the global application security market. Veracode offers SaaS platform and integrated solutions to help security software developers to identify critical vulnerabilities and find fixes to reduce data breaches by hackers. The company also offers testing solutions such as dynamic application security testing, web application perimeter monitoring, vendor application security testing and mobile application security testing. The key competitive advantage Veracode has over its competitors is that its application security solutions support testing for applications built with Scala language and Python Boto 3 framework. Veracode is one of the few applications security vendor supporting static analysis testing for Boto 3 to develop cloud applications for Amazon Web Services. The company invests tremendously in R&D which helps the company to strengthen its marketplace.


Synopsys has occupied the fourth position in the global application security market. Synopsys is a global provider of software products and consulting services in electronic design automation that is used to design and test integrated circuits (ICs). The company offers unique managed application security services which allows organizations to perform on-demand testing with visibility and control. Moreover, the company also offers training for its customers which enables the customers to detect and fix defects in the software development lifecycle and manufacturing solutions for semiconductor manufacturers. The major advantage of the company is its skilled workforce with unmatched experience in application security and testing which differentiates them from other competitors.


Qualys has occupied the fifth position in the global application security market. Qualys offers wide range of application security solutions such as web app scanning & firewall, and IT security. The major advantage Qualys has over its competitors is its Web Application Sanning (WAS) solution which offers complete, accurate and scalable web security that enables organizations to assess, track and remediate web application vulnerabilities. With WAS, Qualys helps organizations reduce costs, resource and deployment issues, and allows scanning of thousands of web applications and APIs. This helps the company to maintain its strong market position. Moreover, the company also plans to partner with security providers who can host their private cloud offering with their data centers.


Other companies such as WhiteHat Security, Checkmarx, Rapid7, Trustwave, and High-Tech Bridge S.A, are also providing wide range of products/services related to application security, thereby contributing in generating high market value for application security market.