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The Application Security Market is experiencing significant growth driven by the rising concerns over cybersecurity threats, increased adoption of cloud-based applications, and the expansion of mobile and web applications.
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Application Security Market Overview The global application security market size was valued at $5,973.00 million in 2020, and is projected to reach $33,941.00 million by 2030, registering a CAGR of 18.7%. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 Research 𝐑𝐞𝐩𝐨𝐫𝐭 Application security refers to the practices, tools, and technologies designed to protect software applications from vulnerabilities and threats throughout their entire lifecycle. This includes securing applications from the development phase through deployment and ongoing maintenance. The goal of application security is to identify and mitigate risks that could lead to unauthorized access, data breaches, or other forms of cyberattacks. The Application Security Market is experiencing significant growth due to the increasing frequency of cyberattacks, the rise in cloud-based applications, and the adoption of DevOps and agile development processes.
Covid-19 Impact Post-COVID-19, the application security market is expected to grow from $5,973 million in 2020 to $33,941 million by 2030, with a CAGR of 18.7%. This projected growth for 2030 surpasses pre-pandemic estimates. The COVID-19 pandemic has driven increased demand for application security solutions due to the unique challenges it presented. Many companies are now focusing on securing remote work environments, emphasizing endpoint security. Additionally, enterprise security teams are often lacking the resources to address numerous web application vulnerabilities, further increasing the need for robust application security solutions.
Application Security Market Segments By Testing Type • Static Application Security Testing (SAST) • Dynamic Application Security Testing (DAST) • Interactive Application Security Testing (IAST) • Runtime Application Self-Protection (RASP) • By Industry Vertical • BFSI • Healthcare • IT & Telecom • Manufacturing • Government and Public Sector • Retail & E-commerce • Others
Application Security Market Segments • By Component • Solution • Services • By Organization Size • Large Enterprises • SMEs By Type • Web Application Security • Mobile Application Security • By Deployment Mode • On-Premise • Cloud
Application Security Market Regional Analysis • North America (U.S., Canada, Mexico) • Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) • Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) • LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Players • RAPID7 • CAPEGEMINI • VERACODE • SYNOPSYS • INTERNATIONAL BUSINESS MACHINES CORPORATION • HCL TECHNOLOGIES • CISCO SYSTEMS, INC. • MICROFOCUS • WHITEHAT SECURITY • QUALYS
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