The global application security market size is expected to reach USD 10.7 billion by 2025, expanding at a CAGR of 17.7%, 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 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. The 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 a 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 substantial growth in the BFSI
vertical, IT, and telecom and healthcare over the forecast period.
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Application
Security Market Report Highlights
- 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 market
size in large enterprises was valued at 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 the 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
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Application
Security Market Segmentation
Grand View Research has
segmented the global 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
- The U.S.
- Canada
- Europe
- Germany
- France
- The U.K.
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East & Africa
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 info visit @ https://www.grandviewresearch.com
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