North America Application Security Market Forecast 2022-2030
Description
North America Application Security Market Forecast 2022-2030
KEY FINDINGS
The North America application security market is anticipated to project a CAGR of 10.67%, during the forecast years of 2022 to 2030. The market growth of the region is accredited to chief factors, such as, the increasing adoption of cloud solutions, the growing expenditure on defense activities, and the rising rates of cybercrimes and security challenges.
MARKET INSIGHTS
The North America application security market growth is determined by studying Canada and the United States. The cybersecurity regulatory landscape in Canada is supplemented by Bill S-4’s enforcement. It has also resulted in businesses optimizing their compliance programs, in order to satisfy the increasing cyber scrutiny. The approach entails leveraging external experts, analytics testing, automation, and others, for fueling actual as well as risk-based cybersecurity improvements.
As per Canada’s Department of Public Safety, the nation suffers losses of over CAD 3.2 billion, annually, owing to cybercrime, while SMEs accounted for nearly 71% of all data breaches. Moreover, the country’s government allotted CAD 507.7 million over five years in the 2018 budget, to reinforce Canada’s protection and response potential, in case of a cyber-attack. This factor is anticipated to drive the demand for testing solutions, across the country.
Canada has continued to remain at the forefront of data protection, through its Personal Information Protection and Electronic Documents Act (PIPEDA). Mobile devices like tablets and smartphones have extended rapidly across the Government of Canada, as well. Although they bolster efficiency and productivity, they can significantly increase the risk of compromising the government’s networks and information. These factors are projected to influence the country’s market growth.
COMPETITIVE INSIGHTS
Some of the eminent companies in the market include, IBM Corporation, Contrast Security, etc.
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
KEY FINDINGS
The North America application security market is anticipated to project a CAGR of 10.67%, during the forecast years of 2022 to 2030. The market growth of the region is accredited to chief factors, such as, the increasing adoption of cloud solutions, the growing expenditure on defense activities, and the rising rates of cybercrimes and security challenges.
MARKET INSIGHTS
The North America application security market growth is determined by studying Canada and the United States. The cybersecurity regulatory landscape in Canada is supplemented by Bill S-4’s enforcement. It has also resulted in businesses optimizing their compliance programs, in order to satisfy the increasing cyber scrutiny. The approach entails leveraging external experts, analytics testing, automation, and others, for fueling actual as well as risk-based cybersecurity improvements.
As per Canada’s Department of Public Safety, the nation suffers losses of over CAD 3.2 billion, annually, owing to cybercrime, while SMEs accounted for nearly 71% of all data breaches. Moreover, the country’s government allotted CAD 507.7 million over five years in the 2018 budget, to reinforce Canada’s protection and response potential, in case of a cyber-attack. This factor is anticipated to drive the demand for testing solutions, across the country.
Canada has continued to remain at the forefront of data protection, through its Personal Information Protection and Electronic Documents Act (PIPEDA). Mobile devices like tablets and smartphones have extended rapidly across the Government of Canada, as well. Although they bolster efficiency and productivity, they can significantly increase the risk of compromising the government’s networks and information. These factors are projected to influence the country’s market growth.
COMPETITIVE INSIGHTS
Some of the eminent companies in the market include, IBM Corporation, Contrast Security, etc.
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
Table of Contents
160 Pages
- 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. Key Drivers
- 3.1.1. Rise Of Cyber Breaches
- 3.1.2. Outsourced It
- 3.1.3. Stringent Compliance And By-laws
- 3.2. Key Restraints
- 3.2.1. Lack Of Expertise In Application Security
- 3.2.2. Budget Constraint For Implementing Application Security
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Application Security Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers 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 Security Testing Type
- 5.1. Static Application Security Testing
- 5.2. Dynamic Application Security Testing
- 5.3. Interactive Application Security Testing
- 5.4. Runtime Application Self Protection
- 6. Market By Offering
- 6.1. Service
- 6.1.1. Managed Service
- 6.1.2. Professional Service
- 6.2. Solution
- 6.2.1. Cloud
- 6.2.2. On-premise
- 7. Market By Application
- 7.1. Web Application Security
- 7.2. Mobile Application Security
- 8. Market By Organization Size
- 8.1. Small And Medium Enterprise
- 8.2. Large Enterprise
- 9. Market By End-user
- 9.1. Healthcare
- 9.2. Bfsi
- 9.3. Education
- 9.4. Retail
- 9.5. Government
- 9.6. Other End-users
- 10. Geographical Analysis
- 10.1. North America
- 10.1.1. Market Size & Estimates
- 10.1.2. Key Growth Enablers
- 10.1.3. Key Challenges
- 10.1.4. Key Players
- 10.1.5. Country Analysis
- 10.1.5.1. United States
- 10.1.5.2. Canada
- 11. Competitive Landscape
- 11.1. Key Strategic Developments
- 11.1.1. Mergers & Acquisitions
- 11.1.2. Product Launches & Developments
- 11.1.3. Partnerships & Agreements
- 11.1.4. Business Expansions & Divestitures
- 11.2. Company Profiles
- 11.2.1. Acunetix
- 11.2.2. Checkmarx
- 11.2.3. Contrast Security
- 11.2.4. Data Theorem
- 11.2.5. Hcl Technologies
- 11.2.6. Hewlett Packard Enterprise
- 11.2.7. Ibm Corporation
- 11.2.8. Micro Focus
- 11.2.9. Nsfocus
- 11.2.10. Pradeo
- 11.2.11. Qualys Inc
- 11.2.12. Rapid7 Inc
- 11.2.13. Sitelock
- 11.2.14. Synopsys
- 11.2.15. Trustwave
- 11.2.16. Veracode
- 11.2.17. Whitehat Security
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