DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Application Security Market - Forecasts from 2016 to 2021" report to their offering.
The Application Security Market is projected to grow to US$7.544 billion by 2021, from US$3.151 billion in 2016 at a CAGR of 19.08%. Geographically, North America accounts for the largest share of global application security market owing to the presence of a large number of application security vendors in the region. APAC region, however, is anticipated to witness the fastest regional market growth due to rise in IoT (Internet of Things) coupled with emerging trend of BYOD program in various organizations.
The market is projected to witness high growth on account of factors such as stringent regulations, increasing security breaches targeting business applications, and rapid deployment of the web- and mobile-based applications are driving the demand for application security solutions.
Growing adoption of internet services for working and accessing information by individuals as well as big enterprises is increasing the threat of data loss and unauthorized access, thereby augmenting the demand for application security solutions worldwide. Rising implementation of BYOD (Bring Your Own Device) program in various enterprises and organizations increases the risk of security breach and thus, leads to the rise in demand for application security solutions. Furthermore, rising adoption of cloud-based internet services will further propel the market growth as users store their personal information on the cloud which increases the risk of hacking and data theft.
Scope of the Report:
By Deployment Model:
- Web Security
- Data Backup and Recovery
- IAM and Authentication
By Industry Vertical:
- Communication and Technology
- Military and Defense
- Hewlett Packard
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Application Security Market Forecast by Deployment Model (US$ billion)
6. Application Security Market Forecast by Solution (US$ billion)
7. Application Security Market Forecast by Industry Vertical (US$ billion)
8. Application Security Market by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/9fm4g9/application