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North America Application Security Market Size, Share & Trends Analysis Report By Component (Solution and Services), By Deployment (On premise and Cloud), By Testing Type, By Enterprise Size, By Vertical, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Jan 31, 2025
Length 172 Pages
SKU # KBV19553908

Description

The North America Application Security Market would witness market growth of 17.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Application Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,952.7 million by 2031. The Canada market is expected to witness a CAGR of 19.7% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 18.8% during (2024 - 2031).

Application security encompasses the methodologies, instruments, and protocols employed to safeguard applications against cyber threats, vulnerabilities, and unauthorized access. It involves securing web and mobile applications throughout their development, deployment, and maintenance lifecycle to prevent data breaches, hacking attempts, and malware attacks. As applications handle sensitive data, such as personal, financial, and business information, ensuring their security is critical to maintaining user trust and regulatory compliance. The application security market has experienced substantial development in recent years, propelled by the escalating complexity of cyber threats, the pervasive adoption of digital applications, and the heightened focus on data protection.

As businesses shift towards cloud computing, mobile applications, and API-driven architectures, ensuring the security of these applications has become a top priority. Organizations across industries, including BFSI, healthcare, retail, manufacturing, and government sectors, invest heavily in application security solutions to protect sensitive data, maintain compliance with regulatory frameworks, and enhance overall cybersecurity resilience. The increasing dependence on web, mobile, and enterprise applications has broadened the attack surface, necessitating that organizations adopt comprehensive security measures to mitigate threats, including SQL injection, cross-site scripting (XSS), malware attacks, and vulnerabilities associated with application programming interfaces (APIs).

The growing adoption of digital banking, e-commerce, and remote work technologies has driven Canada's demand for robust application security measures. Canadian organizations are increasingly vulnerable to data breaches and ransomware attacks, particularly in the energy, healthcare, and retail sectors. The Canadian government has introduced initiatives such as the National Cyber Security Strategy (NCSS) to bolster the country's cybersecurity defenses. Additionally, provincial regulations like the Quebec Privacy Law (Bill 64) require stricter data protection measures, compelling businesses to integrate application security solutions into their systems. The collaboration between the private sector and the government, as seen in programs like Canada’s CyberSecure certification, further strengthens the market’s growth prospects. Hence, with government-backed programs and regulatory pressures ensuring compliance, North America remains a global leader in adopting and developing application security solutions.

Based on Component, the market is segmented into Solution and Services (Professional Services and Managed Services). Based on Deployment, the market is segmented into On premise and Cloud. Based on Testing Type, the market is segmented into Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Runtime Application Self-Protection (RASP), and Interactive Application Security Testing (IAST). Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government & Defense, Retail, Manufacturing, Healthcare, Media & Entertainment, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Check Point Software Technologies Ltd.
  • Fortinet, Inc.
  • Rapid7, Inc.
  • Hewlett Packard Enterprise Company
  • IBM Corporation
  • Synopsys, Inc.
  • Cisco Systems, Inc.
  • Veracode, Inc. (Thoma Bravo)
  • HCL Technologies Ltd.
  • Qualys, Inc.
  • Tenable Holdings, Inc.
North America Application Security Market Report Segmentation

By Component
  • Solution
  • Services
  • Professional Services
  • Managed Services
By Deployment
  • On premise
  • Cloud
By Testing Type
  • Static Application Security Testing (SAST)
  • Dynamic Application Security Testing (DAST)
  • Runtime Application Self-Protection (RASP)
  • Interactive Application Security Testing (IAST)
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
By Vertical
  • BFSI
  • IT & Telecom
  • Government & Defense
  • Retail
  • Manufacturing
  • Healthcare
  • Media & Entertainment
  • Other Vertical
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

172 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Application Security Market, by Component
1.4.2 North America Application Security Market, by Deployment
1.4.3 North America Application Security Market, by Testing Type
1.4.4 North America Application Security Market, by Enterprise Size
1.4.5 North America Application Security Market, by Vertical
1.4.6 North America Application Security Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Acquisition and Mergers: 2021, Feb – 2025, Jan) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Application Security Market by Component
5.1 North America Solution Market by Region
5.2 North America Services Market by Region
5.3 North America Application Security Market by Services Type
5.3.1 North America Professional Services Market by Region
5.3.2 North America Managed Services Market by Region
Chapter 6. North America Application Security Market by Deployment
6.1 North America On premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Application Security Market by Testing Type
7.1 North America Static Application Security Testing (SAST) Market by Country
7.2 North America Dynamic Application Security Testing (DAST) Market by Country
7.3 North America Runtime Application Self-Protection (RASP) Market by Country
7.4 North America Interactive Application Security Testing (IAST) Market by Country
Chapter 8. North America Application Security Market by Enterprise Size
8.1 North America Large Enterprises Market by Country
8.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 9. North America Application Security Market by Vertical
9.1 North America BFSI Market by Country
9.2 North America IT & Telecom Market by Country
9.3 North America Government & Defense Market by Country
9.4 North America Retail Market by Country
9.5 North America Manufacturing Market by Country
9.6 North America Healthcare Market by Country
9.7 North America Media & Entertainment Market by Country
9.8 North America Other Vertical Market by Country
Chapter 10. North America Application Security Market by Country
10.1 US Application Security Market
10.1.1 US Application Security Market by Component
10.1.1.1 US Application Security Market by Services Type
10.1.2 US Application Security Market by Deployment
10.1.3 US Application Security Market by Testing Type
10.1.4 US Application Security Market by Enterprise Size
10.1.5 US Application Security Market by Vertical
10.2 Canada Application Security Market
10.2.1 Canada Application Security Market by Component
10.2.1.1 Canada Application Security Market by Services Type
10.2.2 Canada Application Security Market by Deployment
10.2.3 Canada Application Security Market by Testing Type
10.2.4 Canada Application Security Market by Enterprise Size
10.2.5 Canada Application Security Market by Vertical
10.3 Mexico Application Security Market
10.3.1 Mexico Application Security Market by Component
10.3.1.1 Mexico Application Security Market by Services Type
10.3.2 Mexico Application Security Market by Deployment
10.3.3 Mexico Application Security Market by Testing Type
10.3.4 Mexico Application Security Market by Enterprise Size
10.3.5 Mexico Application Security Market by Vertical
10.4 Rest of North America Application Security Market
10.4.1 Rest of North America Application Security Market by Component
10.4.1.1 Rest of North America Application Security Market by Services Type
10.4.2 Rest of North America Application Security Market by Deployment
10.4.3 Rest of North America Application Security Market by Testing Type
10.4.4 Rest of North America Application Security Market by Enterprise Size
10.4.5 Rest of North America Application Security Market by Vertical
Chapter 11. Company Profiles
11.1 Check Point Software Technologies Ltd.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Fortinet, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 Rapid7, Inc.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Acquisition and Mergers:
11.3.6 SWOT Analysis
11.4 Hewlett Packard Enterprise Company
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Acquisition and Mergers:
11.4.6 SWOT Analysis
11.5 IBM Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional & Segmental Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Acquisition and Mergers:
11.5.6 SWOT Analysis
11.6 Synopsys, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expenses
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.6.5.2 Product Launches and Product Expansions:
11.7 Cisco Systems, Inc.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.5.2 Acquisition and Mergers:
11.7.6 SWOT Analysis
11.8 Veracode, Inc. (Thoma Bravo)
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Product Launches and Product Expansions:
11.8.2.2 Acquisition and Mergers:
11.9 HCL Technologies Ltd. (HCL Enterprises)
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Partnerships, Collaborations, and Agreements:
11.9.6 SWOT Analysis
11.10. Qualys, Inc.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Product Launches and Product Expansions:
11.10.6 SWOT Analysis
11.11 Tenable Holdings, Inc.
11.11.1 Company Overview
11.11.2 Financial Analysis
11.11.3 Regional Analysis
11.11.4 Research & Development Expenses
11.11.5 Recent strategies and developments:
11.11.5.1 Acquisition and Mergers:
11.11.6 SWOT Analysis

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