Application Security Market By Type (Web Application Security and Mobile Application Security), Component (Software Tools (SAST and DAST) and Services), Organization Size, Deployment Mode, Vertical (Healthcare and BFSI)- Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Information Technology | Pages : 168 Pages | Published On : Mar 2024

         
     
The Application Security Market is Valued USD 10.5 billion in 2024 and projected to reach USD 32.9 billion by 2032, growing at a CAGR of 14.93% During the Forecast period of 2024-2032.

 

The main channels via which a business communicates with its clients are web applications and APIs. This forces all businesses to prioritize application security. Additionally, the requirement to safeguard web interface applications against emerging cyber threats and the continual rise in common vulnerabilities in those applications have become crucial components of an organization's application security strategy. The SISA Top 5 Forensic-driven Learnings study states that inadequate application security is the root cause of 27% of breaches and a contributory factor in another 46%.

There has been a noticeable culture shift over the past three to five years, and application security is now a cross-departmental strategic initiative rather than a one-off task. The decision to consider AppSec as a larger strategic program is being driven by several issues. The adoption of agile software development frameworks like Agile and DevOps, as well as recent developments in items becoming deliverable-as-code, such as infrastructure-as-code and security-as-code, are some of these.

Some of the recent development includes OWASP Top 10, SANS Application Security Reading Room, and Application Security Testing Association (ASTF). The OWASP Top 10 is a list of the most critical security risks in web applications. The OWASP Top 10 is updated every few years to reflect the latest threats and vulnerabilities. Furthermore, the SANS Application Security Reading Room is a comprehensive resource for application security professionals. The SANS Application Security Reading Room includes articles, whitepapers, and tutorials on a variety of application security topics.

Application Security Market Size

Graph
ReportDetails
Market Size ValueUSD 10.5 billion in 2024
Market Size ValueUSD 32.9 billion by 2032
CAGR14.93%
Forecast Period2024-2032
Base Year 2023
Historic Data2020
Segments CoveredComponent, Deployment Mode, Organization Size,  Security Type, Testing Type, and Vertical
Geographics CoveredNorth America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players in the Application Security Market include IBM Corporation, Oracle Corporation, HCL Software, Micro Focus, Capgemini, Onapsis, Checkmarx, Hewlett Packard Enterprise Development LP, Micro Focus International PLC, Checkmarx Ltd, Veracode (Thoma Bravo), Synopsys Inc., WhiteHat Security Inc.( NTT Security Corporation), Rapid7 Inc., Qualys Inc., SiteLock LLC, Contrast Security, and Others.

Increasing security breaches across industries

Security breaches in businesses have become a catalyst for the surging demand for robust application security solutions. The relentless wave of cyberattacks, often resulting in data breaches, operational disruptions, and reputational damage, has laid bare the vulnerabilities present within software applications. As these breaches inflict substantial financial losses and erode customer trust, organizations are awakening to the urgent need for fortified application security measures. The prospect of preventing breaches from the outset, rather than reacting to them post-incident, has shifted the focus to proactive defense strategies. Businesses are increasingly recognizing that securing their software applications is a fundamental step in safeguarding their digital assets, sensitive information, and overall brand integrity.

Compliance requirements imposed by data protection regulations further amplify this demand, compelling businesses to bolster their application security frameworks to ensure adherence and avoid penalties. As the threat landscape evolves, the link between security breaches and the imperative for application security becomes evident, driving organizations to seek comprehensive solutions that encompass the entire software development lifecycle, ultimately enhancing their resilience against cyber threats. According to the most recent IBM Data Breach Report, a frightening 83% of firms will suffer from multiple data breaches in 2022. The total number of ransomware attacks increased by 13%, according to the 2022 Verizon Data Breach Investigations Report, which is an increase equivalent to that of the previous five years combined.

Integration of AI

The integration of Artificial Intelligence (AI) is poised to dramatically elevate the demand for application security solutions by revolutionizing the way businesses protect their digital assets. As cyber threats continue to evolve in complexity and frequency, AI brings a game-changing approach to application security that goes beyond traditional methods. AI-driven tools can learn, adapt, and anticipate attack vectors in real-time, empowering organizations to detect vulnerabilities and threats that might otherwise remain hidden. This heightened accuracy in threat detection and reduced false positives not only bolsters security but also optimizes resource allocation within security teams. As businesses recognize the potential for AI to enhance their security posture, the demand for AI-powered application security solutions is on the rise. Furthermore, AI's ability to automate routine security tasks, conduct comprehensive code analysis, and provide predictive insights aligns seamlessly with the rapid pace of modern software development, leading to more secure applications from the outset. Ultimately, the application security landscape is undergoing a paradigm shift, driven by AI's transformative capabilities, resulting in a surge in demand as organizations strive to safeguard their digital infrastructure and intellectual property against a relentless tide of cyber threats.

Dominating Region and Country:

The U.S. has a long history of technological innovation, and it hosts numerous tech giants, startups, and cybersecurity companies that are at the forefront of developing and implementing cutting-edge technologies, including application security solutions. Moreover, The U.S. has a thriving technology ecosystem that encompasses Silicon Valley in California, the tech corridor around Boston, and various tech hubs across the country. These ecosystems foster collaboration, research, and innovation, driving advancements in application security. Furthermore, the U.S. has seen the implementation of data protection regulations like the Health Insurance Portability and Accountability Act (HIPAA) and the Gramm-Leach-Bliley Act (GLBA), which require organizations to implement strong security measures, including application security, to protect sensitive data.

The Application Security Market research report provides an in-depth overview of the industry including market segmentation by Component, Technology, Bandwidth, Enterprise Size, End-User Industry, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Application Security Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

  • By Component
    • Solutions
      • Anti-virus
      • Data Backup & Recovery
      • Others
    • Services
      • Professional Services
      • Managed Services
  • By Deployment Mode
    • On-premise
    • Cloud
  • By Organization Size
    • Large Enterprise
    • SMEs
  • By Security Type
    • Web Application
    • Mobile Application
  • By Testing Type
    • Static Application Security testing
    • Dynamic Application Security testing
    • Interactive Application Security testing
    • Runtime Application Security testing
  • By Vertical
    • BFSI
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Government & Public Sector
    • Retail & E-commerce
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East
        • UAE
        • Saudi Arabia
        • Israel
        • Rest of the Middle East
      • Africa
        • South Africa
        • Rest of the Middle East & Africa

Reason to purchase this Application Security Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Application Security Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Application Security Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Application Security Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Application Security Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Application Security Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Application Security Market, By Component
    1. Component
      1. Solution
        1. Anti-virus
        2. Data Backup & Recovery
        3. Others
      2. Services
  5. Application Security Market, By Deployment Mode
    1. On-premise
    2. Cloud
  6. Application Security Market, By Organization Size
    1. Large Enterprise
    2. SMEs
  7. Application Security Market, By Security Type
    1. Web Application
    2. Mobile Application
  8. Application Security Market, By Testing Type
    1. Static Application Security testing
    2. Dynamic Application Security testing
    3. Interactive Application Security testing
    4. Runtime Application Security testing
  9. Application Security Market, By Vertical
    1. BFSI
    2. Healthcare
    3. IT & Telecom
    4. Manufacturing
    5. Government & Public Sector
    6. Retail & E-commerce
    7. Others
  10. Application Security Market, By Geography
    1. Application Security Market, North America
      1. U.S.
      2. Canada
    2. Application Security Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Application Security Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Application Security Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Application Security Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  11. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Share Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. IBM Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Oracle Corporation
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. HCL Software
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Micro Focus
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. Capgemini
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Onapsis
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. Checkmarx
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Hewlett Packard Enterprise Development LP
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Micro Focus International PLC
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Checkmarx Ltd
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. Veracode (Thoma Bravo)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Synopsys Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. WhiteHat Security Inc.( NTT Security Corporation)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Rapid7 Inc
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. Qualys Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      16. SiteLock LLC \
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      17. Contrast Security
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      18. Positive Technologies
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      19. Fasoo.com Inc.
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      20. Fortinet
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      21. Trustwave Holding
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      22. F5 Networks
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      23. McAfee
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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