By 2030, Application Security Software Market will reach USD 15,941.00 Million – Key Segments, Growth Demand, Key Leaders, Industry Trends & Innovations and Business Opportunities

Dexterous market research

The top leaders listed in the application security software market are IBM, Cisco Systems, Capgemini, WhiteHat Security, HCL Software, MicroFocus, Oracle, Qualys, GitLab, and Synopsys. Asia-Pacific is said to be experiencing rapid growth in this industry.

Dallas, Texas, Sept. 11, 2022 (GLOBE NEWSWIRE) — The size of the world application security software market was estimated at USD 5,973.00 million in 2020 and is expected to grow at a CAGR of 16.7% to reach USD 15,941.00 million by 2030.

Key drivers for the growth of the global application security software market include increasing need for application security in the banking industry, increasing data and security breaches, growing demand for mobile application security services, the deployment of IoT, the growing demand for SaaS-based mobile applications. security and the growing importance of security and privacy issues on the web. Modern digital infrastructure relies on business applications and data sharing across multiple platforms and devices.

Cybercriminals are increasingly focusing on corporate data. Web application adoption is a growing area of ​​attention for hackers. Over the past year, web applications have become a vector to which hackers have gradually turned. The majority of companies have adopted several digital transformation projects that increase the risk of security breaches. Application security is necessary because sensitive data is compromised daily and breaches lead to bad press and significant financial loss.

Security breaches remain a risk for both consumers and businesses. Today’s highly connected business world is accelerating the development of digital products, tools and services.

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Application Security Software Market Scope:

Metric

Details

Study period

2020-2030

Market size in 2031

$15,941.00 million

Segment covered

Deployment Model, Industry, End Use, Regions

Types Covered

Web Application Security, Mobile Application Security

Deployment Mode Covered

Cloud-based and on-premises

End use covered

Retail, Healthcare, Government, BFSI, Education, Energy & Utilities, Manufacturing, Media & Entertainment, IT & Telecom, and Others

Regions covered

North America, Europe, Asia-Pacific, Middle East and Africa, South America

Profiled Key Players

IBM, Cisco Systems, Capgemini, WhiteHat Security, HCL Software, MicroFocus, Oracle, Qualys, GitLab and Synopsys

Communication between critical data and applications shared across platforms, devices, and users forms the basis of digital infrastructure. Cybercriminals are interested in line-of-business applications because they contain important corporate data. On the other hand, enterprises put hundreds of applications at risk when applications are limited to critical tasks, such as ordering products and services or performing payment-related activities. Unused business-critical applications are detrimental because they are often outdated. Many SMEs believe that investing in these types of applications will be costly for the company.

In terms of solutions, the global application security software market dominated in 2019. The increasing use of web application security to protect online services or websites from attacks or breaches is largely responsible application security software integration. The goal of web application security software is to protect online content that contains sensitive data. Tools for web applications make it easier to find vulnerabilities and identify threats. Enterprise web application security is essential and when the security vulnerabilities increase, it has a great impact on the expansion of the global application security software market.

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The APAC region held the highest market share. The increasing frequency of security breaches targeting enterprise applications is one of the major factors driving the application security industry in the Asia-Pacific region. IBM, Qualys and Checkmarx are some of the major application vendors serving the Asia-Pacific region. SMEs are well represented in APAC. Organizations in this region more often use open source applications for security testing due to low cybersecurity funding, which has great potential for counterfeiting issues, operational risks, and bad practices.

To simplify multi-cloud service delivery, Micro Focus developed Hybrid Cloud Management X in September 2020. The product is a cloud-native, multi-tenancy management platform that can be used on-premises or in a public cloud. For example, “Fortify on Demand”, an AWS GovCloud application security assessment service was announced by MicroFocus in June 2020. The service can serve crucial federal agencies by providing increased testing and vulnerability management.

Main points of the table of contents:

1. Introduction
2. Research methodology
3. Market Outlook
4. Application Security Software Market by Deployment Model, 2022-2029 (USD Billion)
5. Application Security Software Market by Industry, 2022-2029 (USD Billion)
6. Application Security Software Market by End Use, 2022-2029 (USD Billion)
7. Application Security Software Market by Price Range, 2022-2029 (USD Billion)
8. Application Security Software Market by Region, 2022-2029 (USD Billion)
9. Competitive Landscape
10. Company Profiles
11. Appendix

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