DUBLIN--(BUSINESS WIRE)--The "Application Security Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global application security market is expected to grow from $6.27 billion in 2020 to $7.67 billion in 2021 at a compound annual growth rate (CAGR) of 18.24%. The market is expected to reach $17.74 billion in 2025 at a CAGR of 23.31%.
Major players in the application security market are IBM Corporation, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Rapid7, Contrast Security, Qualys, and Trustwave.
The application security market consists of sales of application security products and related services. Application security is a method of making applications more secure by fixing, finding, and enhancing the security of the application. It also includes tools and methods to protect applications once application security is deployed. Only goods and services traded between entities or sold to end consumers are included.
The application security market covered in this report is segmented by solution into web application security, mobile application security; by testing type into static application security testing, dynamic application security testing, interactive application security testing; by end-user into BFSI, IT & telecommunication, government & defense, healthcare, retail, education, others.
North America was the largest region in the application security market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The lack of application security expertise is expected to limit the growth of the application security market over the forthcoming years. According to Burning Glass International Inc., an analytics software company, the demand for application development security and cloud security is a fast-growing skills area projected to grow 164%, and 115% respectively between 2020-2025.
70% of cybersecurity professionals claim that their organization is facing issues with the cybersecurity skill shortage. In the past four years, the percentage ranged from a low of 69% to a high of 74%. Therefore, the lack of application security expertise is projected to restrict the growth of the application security market.
Increased security breaches at the business application level contributed to the growth of the application security market. Application security enhances the security of the web and mobile-based applications that can mitigate some of the breaches through the application. Thus, the rising security breaches at the business application level drove the market for the application security market.
Artificial intelligence (AI) and machine learning (ML) are increasingly being used to prevent attacks in the web or mobile-based applications. AI can be used to automating threat detection and respond more effectively than a traditional software-driven approach. AI-based cybersecurity will train itself continuously and independently gather the data across the enterprise information systems through that data it analyses and performs correlation of patterns across billions of signals relevant to the cyberattacks and solve the issue.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Application Security Market Characteristics
3. Application Security Market Trends and Strategies
4. Impact of COVID-19 on Application Security
5. Application Security Market Size and Growth
5.1. Global Application Security Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Application Security Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Application Security Market Segmentation
6.1. Global Application Security Market, Segmentation by Solution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Web Application Security
- Mobile Application Security
6.2. Global Application Security Market, Segmentation by Testing Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Static Application Security Testing
- Dynamic Application Security Testing
- Interactive Application Security Testing
6.3. Global Application Security Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- IT & Telecommunication
- Government & Defense
7. Application Security Market Regional and Country Analysis
7.1. Global Application Security Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Application Security Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- IBM Corporation
- WhiteHat Security
- Contrast Security
- HCL Software
- Cisco Systems
- CAST software
- F5 Inc
- Data Therorem
For more information about this report visit https://www.researchandmarkets.com/r/bntf1b