Application Security Market Increasing At A Phenomenal Pace To Reach More Than USD 19,559.7 Million By 2028

Major companies in application security market are IBM Corporation, Cisco Systems, Rapid7, Qualys, Synopsys, MicroFocus, Capgemini, Acunetix, Accenture and HCL Software among others. These players are set to bolster the development of global application security market.

According to analysts at Zion Market Research, the global application security market accounted for more than in USD 6,194.9 Million 2020 and is expected to reach more than by USD 19,559.7 Million 2028, growing at a CAGR of 15.7% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Application Security By Component (Solutions And Services), By Deployment Mode (On-Premise, Cloud), By Organization Size (Large Enterprises And SME), By Testing Type (Dynamic Application Security Testing, Static Application Security Testing, Interactive Application Security Testing And Runtime Application Self-Protection) By Application (Web Application Security And Mobile Application Security, By End-User Industry (BFSI, Healthcare, IT & Telecom, Retail & E-Commerce And Others) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.”

Stringent Government Laws For Application Safety To Spur Growth

“The strict government laws for the protection of organizational data in accordance with cyber security will garner the growth for application security market in the years ahead,” says the author of this study. Apart from this, the rising demand for security of the highly significant business or organization data or programs across the various organizations throughout globe fuels the global market. The compliance in the regulation and the strict security regulations is assumed to drive the growth of the global market. On one hand, due to the rapid increasing of the digital technology and internet usage, the communication between various organizations results in the sharing of critical applications or data through the emails or faxes which in turn has increased the threat of breaching of these information’s and on the other hand the demand for application security solutions has escalated. Due to the increased hacking of these critical data, the development of these application securities is of utmost importance. The use of the application security solutions in the various sectors such as retail, IT and Telecom, healthcare, and others is expected to propel the global market growth.

Presence Of Big Players in The Region Support North America Growth

Regionally, North America has been one of leading the worldwide application security market and is anticipated to continue to grow in the years to come, states the application security market study. The existence of a large number of application security vendors in North America is expected to be the reason for it to become the largest shareholder in the global application security market. The ‘Bring your Own Device’ concept in the various organizations results in the increasing rate of application security product installation in order to protect the business applications or data against the potential threat from the malware programmers.

Browse the full “Application Security By Component (Solutions And Services), By Deployment Mode (On-Premise, Cloud), By Organization Size (Large Enterprises And SME), By Testing Type (Dynamic Application Security Testing, Static Application Security Testing, Interactive Application Security Testing And Runtime Application Self-Protection) By Application (Web Application Security And Mobile Application Security, By End-User Industry (BFSI, Healthcare, IT & Telecom, Retail & E-Commerce And Others) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/application-security-market

The global application security market is segmented as follows:

By Component  

• Solutions  
• Services
  • Managed Services
  • Professional Services

By Deployment Mode

• On-Premise
• Cloud

By Organization Size

• Large Enterprises
• SME

By Testing Type

• Dynamic Application Security Testing
• Static Application Security Testing
• Interactive Application Security Testing
• Runtime Application Self-Protection

By Application

• Web Application Security
• Mobile Application Security

By End-User Industry

• BFSI
• Healthcare
• IT & Telecom
• Retail & E-Commerce
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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