The
global application security market is expected to reach USD 10.7 billion by
2025, according to a new report by Grand View Research, Inc. Increasing
targeted attacks on the applications is anticipated to be a major factor that
is expected to drive market growth. In addition, BYOD adoption in the
organizations that are deploying application security services and solutions to
protect against potential threats has contributed to the market demand.
DAST
(Dynamic Application Security Testing) is expected to significantly contribute
to the market revenue, with a market size of over USD 4 billion by 2025. It
delivers various advantages that include comprehensive vulnerability coverage,
false positive reduction, entire code coverage that comprises the frameworks and
libraries, and zero process disruption.
Web
application solution was the largest application security market in 2015 valued
at USD 1.75 billion and is expected to observe declining growth over the
forecast period. Mobile application solution market is expected to grow at a
CAGR of 25.9% from 2016 to 2025.
Government
agencies hold, access, and manage large amounts of sensitive data. The
government and defense vertical, currently is susceptible to major
cyber-attacks and security breaches. According to Veracode report, three out
four application used by government agencies does not meet basic security
compliances thereby by creating high opportunity for market vendors. The market
for government and defense segment is expected to grow at a CAGR of 18.3% between
2016 to 2025. The market is also anticipated to witness a substantial growth in
the BFSI vertical, IT and telecom and healthcare over the forecast period.
In depth research report on Application Security
Market
Further key findings from the report suggest:
·
The application security market
accounted for USD 2.05 billion and is expected to grow at a CAGR of 17.7% from
2016 to 2025
·
Web application security
emerged as the largest segment in 2015 and is expected to leverage machine
learning to catalyze growth opportunities
·
The application security market
size in large enterprises was value USD 1.25 billion in 2015 and is anticipated
to witness substantial growth over the next nine years
·
The U.S. managed services
market was valued as USD 478.5 million in 2015 and is expected to gain traction
owing to strong compliance requirements
·
The industry in Asia Pacific is
projected to witness substantial growth over the next decade owing to various
developments, especially in the mobile application security market. The
regional market is expected to grow at a CAGR of 24.9% from 2016 to 2025
·
Key players including IBM,
Hewlett Packard Enterprise, Qualys Inc., Veracode and WhiteHat Security
dominated the market while accounting 50% share of the total market in 2015
Grand
View Research has segmented the application security market on the basis of
solution, services, testing, deployment, organization size, end-use and region:
Application Security Solution Outlook (Revenue, USD
Million, 2014 - 2025)
·
Web application security
·
Mobile application security
Application Security Services Outlook (Revenue, USD
Million, 2014 - 2025)
·
Managed
·
Professional
Application Security Testing type Outlook (Revenue,
USD Million, 2014 - 2025)
·
Static Application Security
Testing (SAST)
·
Dynamic Application Security
Testing (DAST)
·
Interactive Application
Security Testing (IAST)
·
Runtime Application
Self-Protection (RASP)
Application Security Deployment Outlook (Revenue,
USD Million, 2014 - 2025)
·
Cloud
·
On-premise
Application Security Organization size Outlook
(Revenue, USD Million, 2014 - 2025)
·
Small and medium enterprise
·
Large enterprise
Application Security End-Use Outlook (Revenue, USD
Million, 2014 - 2025)
·
BFSI
·
Government and defense
·
Healthcare
·
IT & Telecom
·
Manufacturing
·
Retail
·
Others
Application Security Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
France
·
UK
·
Rest of Europe
·
Asia Pacific
·
China
·
India
·
Japan
·
Rest of APAC
·
Latin America
·
Brazil
·
Mexico
·
Rest of Latin America
·
Middle East & Africa
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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