Report Scope & Overview:
The Application Security Market size was valued at USD 8.04 Bn in 2022 and is expected to reach USD 27.85 Bn by 2030, and grow at a CAGR of 16.79% over the forecast period 2023-2030.
Application security is the process of safeguarding applications by detecting, repairing, and improving their security. It enhances security capabilities within apps to protect against dangers such as unauthorized modification and access. It entails a number of proactive methods to identify and repair vulnerabilities before hackers may exploit them. Application security solutions provide a variety of benefits to businesses, including keeping customer data safe to boost consumer confidence, protecting sensitive data from leaks, and increasing trust from critical lenders and investors.
To get more information on Application Security Market - Request Sample Report
In the midst of extraordinary conditions, the COVID-19 epidemic has spurred demand for application security solutions. For example, an increasing number of businesses are focusing their security efforts on endpoint protection for work-from-home systems. Furthermore, security teams inside organizations with limited resources are using these solutions to solve various web application security concerns, increasing the need for efficient application security solutions.
An increase in security breaches aimed at business applications
Increased usage of cloud-based and mobile technologies.
Government restrictions are favorable.
Budget restrictions and the return on investment discourage firms from investing.
Adoption of artificial intelligence and machine learning in web- and mobile-based security processes to boost application security market demand.
Adoption of application security in small and medium-sized organizations increases market demand.
Unused applications pose a significant security risk.
IMPACT OF COVID-19:
The emergence of covid 19 is causing more damage in global markets. However, the application security industry is expanding rapidly. In recent years, the number of online apps has increased. In addition, the number of web application developer rates is increasing. The population of smartphones and mobile users is vast. The amount of time spent on mobile phones is especially high during pandemics. Global lockdowns are preventing individuals from leaving their homes. It is resulting in increased use of cell phones during leisure time. These mobile users' primary requests are for social media access and online commerce. Many mobile application developers are using application security to reduce data leaks. They improve the quality of their services by strengthening application security. It is enticing many smartphone users to check out new applications. In addition, the proliferation of government apps is increasing the use of application security. This upward trend in the application security industry has continued since Covid 19.
From 2022 to 2028, worldwide demand for mobile application security is predicted to rise at the fastest CAGR. The fast-expanding internet use service and rising workplace acceptance of BYOD rules have increased the use of personal devices such as smartphones, tablets, and smart wearables to access organizational information. Web application security is predicted to dominate the market by 2028. As a result, the corporate network and non-IT managed applications have grown in number. Because of the dearth of expertise and skill sets of in-house security specialists pertaining to software security testing, most firms are outsourcing their security model, pushing the growth of security services during the projection period. The growing requirement for safeguarding data applications in a virtualized and multi-tenant environment is driving the professional security services industry. The increase in security threats and the rising acceptance of managed security services by SMEs (Small and Medium enterprises). Budgetary limits and cost pressures are forcing SMEs to choose bundles of larger service portfolios offered by service providers, which include Application security solutions as well as other managed services.
During the projected period, the Interactive Application Security Testing (IAST) market is predicted to develop at a reasonable CAGR. IAST can be used in conjunction with other testing technologies as part of a comprehensive testing approach that combines SAST and DAST security testing approaches to test applications in a runtime environment by monitoring the dynamic response of the software application and identifying security flaws.
The government and defense sector accounted for the majority of the entire industry and is predicted to develop rapidly in the application security market. Over the previous few years, the industry has struggled to safeguard computer software applications against massive data breaches. As a result, firms are increasing their spending on R&D and training security personnel, which is predicted to be a prominent trend in the market.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Testing type
Static Application Security Testing
Dynamic Application Security Testing
Interactive Application Security Testing
Runtime Application Self-Protection
On The Basis of Organization size
Small and medium enterprise
On The Basis of End-User
Government and defense
IT & Telecom
Need any customization research on Application Security Market - Enquiry Now
With the fastest growth rate, Asia Pacific is outpacing other regional players. A wide range of organizations requires application security. Enterprises benefit from preventing data theft, breaches, and monetary losses. There are also several Application Security Market Companies in the region. Furthermore, North America is the second largest market with a considerable stake. It is a pioneer in the application security solution. The growing prevalence of mobile devices will result in massive market growth. The presence of major actors will result in new advancements throughout the predicted period. Furthermore, Europe is a major region with rapid market expansion. All of these regional companies will help to drive the global Application Security Business forward.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
HCL Technologies -Company Financial Analysis
|Market Size in 2022||USD 8.04 Billion|
|Market Size by 2030||USD 27.85 Billion|
|CAGR||CAGR 16.79% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Component (Solution and Services)
• by Testing Type (Static Application Security Testing, Dynamic Application Security Testing, Interactive Application Security Testing, and Runtime Application Self-Protection)
• by Organization Size (Small and medium enterprise and large enterprise)
• by End-User (BFSI, Government and defense, Healthcare, IT & Telecom, Manufacturing, Retail, and Others
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||IBM Corporation, Capgemini, MicroFocus, Cisco Systems Inc., Synopsys, Veracode, Whitehat Security, RAPID7, Qualys, and HCL Technologies|
|Key Drivers||•An increase in security breaches aimed at business applications
•Increased usage of cloud-based and mobile technologies.
|Market Restraints||•Budget restrictions and the return on investment discourage firms from investing.|
Ans: - The Application Security Market size is projected to reach USD 27.85 Bn by 2030.
Ans: - An increase in security breaches aimed at business applications.
Ans: - 4 segments of the Application Security Market.
Ans: - The major key players are IBM Corporation, Capgemini, MicroFocus, Cisco Systems Inc., Synopsys, Veracode, Whitehat Security, RAPID7, Qualys, and HCL Technologies.
Ans: - The Application Security Market is to grow at a CAGR of 16.79% over the forecast period 2023-2030.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Application Security Market Segmentation, by Component
9. Application Security Market Segmentation, by Testing type
9.1 Static Application Security Testing
9.2 Dynamic Application Security Testing
9.3 Interactive Application Security Testing
9.4 Runtime Application Self-Protection
10. Application Security Market Segmentation, by Organization size
10.1 Small and medium enterprise
10.2 Large enterprise
11. Application Security Market Segmentation, by End-User
11.2 Government and defense
11.4 IT & Telecom
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 IBM Corporation
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.4 Cisco Systems Inc.
13.7 Whitehat Security
13.10 HCL Technologies
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Enterprise A2P SMS Market size was valued at USD 49.12 billion in 2022 and is expected to grow to USD 70.17 billion by 2030 and grow at a CAGR of 4.56% over the forecast period of 2023-2030.
The Conversational AI Market size was valued at USD 7.44 Bn in 2022 and is expected to reach USD 43.16 Bn by 2030, and grow at a CAGR of 24.56% over the forecast period 2023-2030.
The Smart Warehousing Market Size was valued at USD 17.32 billion in 2022 and is estimated to reach USD 49.75 billion by 2030 with a growing CAGR of 14.1% Over the Forecast Period 2023-2030.
The Online Video Platform Market size was valued at USD 6.73 Bn in 2022 and is expected to reach USD 25.15 Bn by 2030, and grow at a CAGR of 17.91% over the forecast period 2023-2030.
The Software Defined Perimeter Market size was USD 7.4 billion in 2022 and is expected to Reach USD 89.7 billion by 2030 and grow at a CAGR of 36.6 % over the forecast period of 2023-2030
Hi! Click one of our member below to chat on Phone