Global Application Security Market - Trends Analysis, Company Usability Profiles & Forecasts to 2024
360iResearch predicts the global application security market to grow from USD 2,196.78 million in 2016 to USD 17,642.65 million by 2024, at a Compound Annual Growth Rate (CAGR) of 29.75%. The year 2016 has been considered as the base year, while the forecast period is up to 2024.
The major forces driving the growth of the application security market include the leading vector for cyberattacks and rapid-fire technology evolution. Moreover, enforcement of government and industry regulation is also one of the factors that is driving the market growth. However increasing number of vulnerabilities bought by application revolution, and lack of trust on third party vendor may hinder the market growth. In the middle of difficulty lies opportunity such as the emerging mobile and web applications, a tool to bring holistic approach towards security, and integrated cloud-based application security. The possible challenges for the market growth are inconsistent customer requirement and inherited vulnerabilities, and need for a rapid response. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global application security market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the global application security market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the application security market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Acunetix, Ltd., PortSwigger, Ltd., Checkmarx, Inc., Progress Software Corporation, Micro Focus International PLC, International Business Machines Corporation (IBM), Lookout, Inc., Tenable, Inc., Pulse Secure LLC, Qualys, Inc., Salesforce.com, Inc., Synopsys, Inc., Trustwave Holdings, Inc. , Veracode, Inc., and WhiteHat Security, Inc..
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of application security market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the application security market that will impact the demand during the forecast period. Moreover, the competitive analysis of application security market brings an insight on the company usability profiles of the leading players. Additionally, the analysis highlights business overview, product offering, SWOT analysis of the key companies in the market.
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