Security Industry Today

Application Security Market is Expected to Grow from USD 2196.78 million to USD 12529.37 million by 2023

“Global Application Security Market - Trends Analysis, Product Usability Profiles & Forecasts to 2023” newly adds in database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification.
Published 19 January 2018
Application security refers to the process of protecting applications from external threats. Different application security measures such as antiviruses, firewall, encryptions etc. help prevent unauthorized and malicious access to the enterprise applications. Generally, security measures are built into applications and a healthy application security routines minimize the possibility that malicious and unauthorized code will be able to manipulate applications to access, modify, delete or steal sensitive data. Smart organizations need to establish application security program that can proactively limit fuel attackers from penetrating into organizations critical resources.

According to Publisher, the global application security market to grow from USD 2196.78 million in 2016 to USD 12529.37 million by 2023, at a CAGR of 28.24%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.

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Market Dynamics:
  • Drivers
    • Leading vector for cyberattacks
    • Rapid-fire technology evolution
    • Enforcement of government and industry regulation
  • Restraints
    • Increasing number of vulnerabilities bought by application revolution
    • Lack of trust on third party vendor
  • Opportunities
    • Emerging mobile and web applications
    • A tool to bring holistic approach towards security
    • Integrated cloud-based application security
  • Challenges
    • Inconsistent customer requirement and inherited vulnerabilities
    • Need for a rapid response
Scope of the Report:
The research report categorizes the application security market to forecast the revenues and analyze the trends in each of the following subsegments:
  • Industry Trends Analysis
    • Aerospace & Defense
    • Banking, Financial Services & Insurance
    • Consumer Goods & Retail
    • Education
    • Energy & Utilities
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  • Government
  • Healthcare & Life Sciences
  • Information Technology
  • Manufacturing
  • Media & Entertainment
  • Telecommunication
  • Transportation & Logistics
  • Travel & Hospitality
  • Geographic Trends Analysis
    • Americas
      • United States
    • Europe, Middle East & Africa
      • United Kingdom
      • Germany
      • Saudi Arabia
    • Asia-Pacific
      • China
      • Japan
      • India
Product Usability Profiles:
The application security market research report provides the product usability profiles and analyze the features & pricing, informant reviews of the following product:
  • Acunetix Vulnerability Scanner
  • Burp Suite
  • Checkmarx CxSAST
  • Fortify on Demand
  • IBM Application Security
  • Nessus Vulnerability Management
  • Qualys Web Application Scanning
  • Synopsys Application Security Services
  • Trustwave Application Security
  • Veracode Application Security Software
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Report Highlights:
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of application security market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the application security market that will impact the demand during the forecast period. Moreover, the competitive analysis of application security market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.
Reasons to Buy:
The application security market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global application security market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
  • Evaluate the qualitative and quantitative aspects of the report and analyze the application security market penetration with respect to industries and geographies.
  • Evaluate the key vendors in the application security market in terms of products satisfaction and business strategy. This helps identify consumer preferences and understand its current position in 360iResearch FPNV Positioning Matrix.
  • Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the application security market.

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