This Application
Security Market report is an
exhaustive research on company’s active in Application Security sector, its
applications, products, end-users, trends and predictions on how the market
will grow in coming years.
Application Security
Market size will witness a rapid growth owing to the increasing need for safety
in enterprise level applications. It is the process of using hardware,
software, and various procedures with additional features to protect enterprise
applications from external threats such as cyber-attacks and other data thefts.
Application security includes recognizing, correcting, and securing the data
from malicious attacks throughout the life cycle of the application.
Combating the increasing
security breaches in major industries, such as BFSI, is driving the application
security market. The use of software in almost all industry verticals and the
protection of these software applications will result in a rise in the industry
demand. The rising e-commerce industries carrying a huge customer data and
various transactions taking place over the internet need to be protected as
they are viable to theft and data leakage, which can cause huge losses to the
enterprise. The protection of this data over the web and mobile applications
augments the application security market growth.
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Many enterprises are facing cyber-attack issues owing
to flaws in the development phase of the application security market. Hence,
protecting the software and acute data at every stage of the system development
life cycle is anticipated to spur the application security market growth. The
government’s laws and stringent schemes, such as Cyber growth partnership in
India, are also accountable for the industry growth. Major opportunities for
the application security market are the increasing use of smartphones and high
rate of adoption of IoT. Moreover, rapid digitization in emerging economies
will aid the development of the application security market.
Developers reuse old codes, causing security bugs and
letting hackers enter organizations through these vulnerable codes. In the case
of limited resources, the industry may not be able to locate these potential
paths of hackers, which may hamper the industry growth. Moreover, the limited
awareness about the benefits of cyber security amongst the public also acts as
an inhibiting factor in the application security market growth.
Application security market can be segmented on basis
of component solutions, services, deployment methods, and applications. The use
of smartphones and tablets has been increasing rapidly, which has resulted in
an increase in the data breach; hence, mobile application security is of utmost
importance to protect users’ critical information visible to public and private
networks.
The application security market offers professional
services, which include consulting services and various training and education
services. Various enterprises are outsourcing their security services to
various third-party service providers due to their dearth of experience and
required skills, which are anticipated to boost the application security market
over the forecast time span.
On-premise and cloud-based are the two deployment
techniques adopted in the application security market. On-premise security
tools offer a high level of security and control as compared to cloud
techniques. It provides businesses a control of the overall data managed by
their IT staff, enhancing the safety. The use of these techniques varies
depending upon their application areas.
Banking and insurance services, education, government,
media & entertainment, retail, IT, telecommunication, and hospitality are
the end-use verticals of the application security market. Various government
sites and links should be protected from hackers as they carry vital national
data, enhancing the use of application security systems.
Banking, financial, and insurance services are
anticipated to observe the highest adoption of these services. Monetary
transactions involved in the banking sector have vast confidential information
such as customer’s user ids, login details, and account numbers. This data is
extremely vital and needs to be protected with the help of application security
software.
Healthcare departments use= applications to save
patients’ data, which needs to be protected from external threats. They contain
vulnerable applications, which can create patient safety issues and uncover
subtle patient information. Hence, the application security market is expected
to grow in this field.
North America is anticipated to hold the largest share
in the application security market over the forecast time span. This is due to
the increasing adoption of smart and latest technologies and stringent
government laws regarding the security of IT tools for business purposes.
Moreover, the presence of many vendors located in this region augments the
industry growth.
Asia Pacific will witness major industry growth owing
to the increasing population and the rise in the number of smartphone users.
Also, the increase in the use of Internet provides various opportunities for
hackers. Hence, many companies in this region are investing in cyber security
to protect their applications from various threats.
The industry players operating in the application
security market include International Business Machine (IBM) Corporation,
Veracode, Transport America, WhiteHat Security, Qualys, Fasoo, Checkmarx Ltd.,
Contrast Security, and Pradeo. These major players are using mergers and
acquisitions and partnerships to develop new product lines and maintain their
share in the smart transportation market.
Asia Pacific will witness major industry growth owing
to the increasing population and the rise in the number of smartphone users.
Also, the increase in the use of Internet provides various opportunities for
hackers. Hence, many companies in this region are investing in cyber security
to protect their applications from various threats.
The industry players operating in the application
security market include International Business Machine (IBM) Corporation,
Veracode, Transport America, WhiteHat Security, Qualys, Fasoo, Checkmarx Ltd.,
Contrast Security, and Pradeo. These major players are using mergers and
acquisitions and partnerships to develop new product lines and maintain their
share in the smart transportation market.
This latest Application
Security Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Application
Security industry
from business strategy perspective, describing in detail growth drivers,
pitfalls &challenges for participants, accompanied by a detailed
competitive benchmarking including company market share analysis and detailed
business profiles.
Reasons to Buy This Report
•
Global Application Security Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Application Security Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company
profiles.
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Insights
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