Global Application Security Market Forecast 2021-2028

Global Application Security Market Forecast 2021-2028

The global application security market is set to project a CAGR of 14.81% during the forecast period, 2021-2028. The growing cyber breaches, stringent compliance & by-laws, and outsourced IT models, are the dominant factors driving the market growth.

Application security is a process, involving fixing and enhancing the security of apps. It entails tools and methods to protect apps upon deployment. Cyber security and threats are primary concerns for both government and private sectors. The flourishing e-commerce and information technology sectors worldwide have led to increased cybercrimes leading to huge financial loss and information theft. As a result, IT security regulations have been put in place, which the industrial verticals must fulfill. One such example is the Health Insurance Portability and Accounting Act (HIPAA) of 1996. It is a US legislation that offers privacy provisions and data security to protect medical information. The regulatory bodies and government in the US are demanding small and large organizations to undertake responsibilities for securing sensitive data and information. This is due to the huge revenue losses resulting from data breaches. The advancing security regulations against cyber breaches are propelling the application security market growth for different testing tools. However, the lack of expertise and budget constraints are restraining market growth.

The global application security market growth assessment includes the analysis of the Asia Pacific, Europe, North America, and rest of world. North America dominated the global market in 2020. The region has the presence of major IT hubs and a growing number of SMEs adopting cloud solutions for increasing business efficiency.

The competitive rivalry in the market is determined by the market concentration, general profitability, bargaining power of consumers, and market penetration. The exit barriers are high, with brand identity playing a vital role. Checkmarx, Contrast Security, Acunetix, IBM Corporation, Hewlett Packard Enterprise, etc., are among the major market players.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Parent Market Analysis: Security Testing
3.2. Key Drivers
3.2.1. Rise Of Cyber Breaches
3.2.2. Outsourced It Models
3.2.3. Stringent By-laws And Compliance Requirement
3.3. Key Restraints
3.3.1. Lack Of Expertise In Application Security
3.3.2. Budget Constraints For Implementing Application Security
4. Key Analytics
4.1. Impact Of Covid-19 On Application Security Market
4.2. Key Investment Insights
4.3. Porter’s Five Force Analysis
4.3.1. Buyer Power
4.3.2. Supplier Power
4.3.3. Substitution
4.3.4. New Entrants
4.3.5. Industry Rivalry
4.4. Opportunity Matrix
4.5. Vendor Landscape
5. Market By Solution
5.1. Web Application Security
5.2. Mobile Application Security
6. Market By Service
6.1. Managed
6.2. Professional
7. Market By Deployment
7.1. Cloud
7.2. On Premise
8. Market By Organization Size
8.1. Small And Medium Enterprise
8.2. Large Enterprise
9. Market By Testing Type
9.1. Sast
9.2. Dast
9.3. Iast
9.4. Rasp
9.5. Others
10. Market By End-user
10.1. Bfsi
10.2. Government And Defense
10.3. Healthcare
10.4. It & Telecom
10.5. Manufacturing
10.6. Retail
10.7. Others
11. Geographical Analysis
11.1. North America
11.1.1. Key Growth Enablers
11.1.2. Key Challenges
11.1.3. Key Players
11.1.4. Country Analysis United States Canada
11.2. Europe
11.2.1. Key Growth Enablers
11.2.2. Key Challenges
11.2.3. Key Players
11.2.4. Country Analysis United Kingdom Germany France Italy Russia Belgium Poland Rest Of Europe
11.3. Asia Pacific
11.3.1. Key Growth Enablers
11.3.2. Key Challenges
11.3.3. Key Players
11.3.4. Country Analysis China Japan India South Korea Indonesia Thailand Vietnam Australia & New Zealand Singapore Rest Of Asia Pacific
11.4. Rest Of World
11.4.1. Key Growth Enablers
11.4.2. Key Challenges
11.4.3. Key Players
11.4.4. Regional Analysis Latin America Middle East & Africa
12. Competitive Landscape
12.1. Key Strategic Developments
12.1.1. Product Launch & Developments
12.1.2. Partnership, Contract/Agreement & Collaboration
12.1.3. Business Expansion
12.2. Company Profiles
12.2.1. Ibm Corporation
12.2.2. Acunetix
12.2.3. Checkmarx
12.2.4. Contrast Security
12.2.5. Hewlett Packard Enterprise
12.2.6. Nsfocus
12.2.7. N-stalker
12.2.8. Pradeo
12.2.9. Qualys Inc
12.2.10. Rapid7 Inc
12.2.11. Sitelock
12.2.12. Synopsys
12.2.13. Trustwave
12.2.14. Whitehat Security
12.2.15. Veracode

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