The global application security market is expected to reach
USD 10.7 billion by 2025, according to a new report by Grand View Research,
Inc. Increasing targeted attacks on the applications is anticipated to be a
major factor that is expected to drive market growth. In addition, BYOD adoption
in the organizations that are deploying application security services and
solutions to protect against potential threats has contributed to the market
demand.
DAST (Dynamic Application Security Testing) is
expected to significantly contribute to the market revenue, with a market size
of over USD 4 billion by 2025. It delivers various advantages that include
comprehensive vulnerability coverage, false positive reduction, entire code
coverage that comprises the frameworks and libraries, and zero process disruption.
Web application solution was the largest application
security market in 2015 valued at USD 1.75 billion and is expected to observe
declining growth over the forecast period. Mobile application solution market
is expected to grow at a CAGR of 25.9% from 2016 to 2025.
Government agencies hold, access, and manage large
amounts of sensitive data. The government and defense vertical, currently is
susceptible to major cyber-attacks and security breaches. According to Veracode
report, three out four application used by government agencies does not meet
basic security compliances thereby by creating high opportunity for market
vendors. The market for government and defense segment is expected to grow at a
CAGR of 18.3% between 2016 to 2025. The market is also anticipated to witness a
substantial growth in the BFSI vertical, IT and telecom and healthcare over the
forecast period.
Full
Research Report On Global Application Security Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/application-security-market
www.grandviewresearch.com/industry-analysis/application-security-market
Further
key findings from the study suggest:
- The application security market accounted for
USD 2.05 billion and is expected to grow at a CAGR of 17.7% from 2016 to
2025
- Web application security emerged as the largest
segment in 2015 and is expected to leverage machine learning to catalyze
growth opportunities
- The application security market size in large
enterprises was value USD 1.25 billion in 2015 and is anticipated to
witness substantial growth over the next nine years
- The U.S. managed services market was valued as
USD 478.5 million in 2015 and is expected to gain traction owing to strong
compliance requirements
- The industry in Asia Pacific is projected to
witness substantial growth over the next decade owing to various
developments, especially in the mobile application security market. The
regional market is expected to grow at a CAGR of 24.9% from 2016 to 2025
- Key players including IBM, Hewlett Packard
Enterprise, Qualys Inc., Veracode and WhiteHat Security dominated the
market while accounting 50% share of the total market in 2015
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/network-security-software-and-services
www.grandviewresearch.com/industry/network-security-software-and-services
Grand View Research has segmented the application security market on the
basis of solution, services, testing, deployment, organization size, end-use
and region:
Application
Security Solution Outlook (Revenue, USD Million, 2014 - 2025)
- Web
application security
- Mobile
application security
Application
Security Services Outlook (Revenue, USD Million, 2014 - 2025)
- Managed
- Professional
Application
Security Testing type Outlook (Revenue, USD Million, 2014 - 2025)
- Static
Application Security Testing (SAST)
- Dynamic
Application Security Testing (DAST)
- Interactive
Application Security Testing (IAST)
- Runtime
Application Self-Protection (RASP)
Application
Security Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- Cloud
- On-premise
Application
Security Organization size Outlook (Revenue, USD Million, 2014 - 2025)
- Small
and medium enterprise
- Large
enterprise
Application
Security End-Use Outlook (Revenue, USD Million, 2014 - 2025)
- BFSI
- Government
and defense
- Healthcare
- IT
& Telecom
- Manufacturing
- Retail
- Others
Application
Security Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Rest
of Europe
- Asia
Pacific
- China
- India
- Japan
- Rest
of APAC
- Latin
America
- Brazil
- Mexico
- Rest
of Latin America
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-application-security-market
www.grandviewresearch.com/press-release/global-application-security-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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