Product Code: 37782
KEY FINDINGS
The global application security market is set to project a CAGR of 14.29% during the forecast period, 2022-2030. The growing cyber breaches, stringent compliance & by-laws, and outsourced IT models, are the dominant factors driving the market growth.
MARKET INSIGHTS
Application security is a process, involving fixing and enhancing the security of apps. It entails tools and methods to protect apps upon deployment. Cyber security and threats are primary concerns for both government and private sectors. The flourishing e-commerce and information technology sectors worldwide have led to increased cybercrimes leading to huge financial loss and information theft. As a result, IT security regulations have been put in place, which the industrial verticals must fulfill. One such example is the Health Insurance Portability and Accounting Act (HIPAA) of 1996. It is a US legislation that offers privacy provisions and data security to protect medical information. The regulatory bodies and government in the US are demanding small and large organizations to undertake responsibilities for securing sensitive data and information. This is due to the huge revenue losses resulting from data breaches. The advancing security regulations against cyber breaches are propelling the application security market growth for different testing tools. However, the lack of expertise and budget constraints are restraining market growth.
REGIONAL INSIGHTS
The global application security market growth assessment includes the geographical analysis of the Asia-Pacific, Europe, North America, and Rest of World. North America dominated the global market in 2021. The region has the presence of major IT hubs and a growing number of SMEs adopting cloud solutions for increasing business efficiency.
COMPETITIVE INSIGHTS
The competitive rivalry in the market is determined by the market concentration, general profitability, bargaining power of consumers, and market penetration. The exit barriers are high, with brand identity playing a vital role. Checkmarx, Contrast Security, Acunetix, IBM Corporation, Hewlett Packard Enterprise, etc., are among the major market players.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. SCOPE OF STUDY
- 1.3. METHODOLOGY
- 1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
- 3.1. KEY DRIVERS
- 3.1.1. RISE OF CYBER BREACHES
- 3.1.2. OUTSOURCED IT
- 3.1.3. STRINGENT COMPLIANCE AND BY-LAWS
- 3.2. KEY RESTRAINTS
- 3.2.1. LACK OF EXPERTISE IN APPLICATION SECURITY
- 3.2.2. BUDGET CONSTRAINT FOR IMPLEMENTING APPLICATION SECURITY
4. KEY ANALYTICS
- 4.1. IMPACT OF COVID-19 ON APPLICATION SECURITY MARKET
- 4.2. KEY MARKET TRENDS
- 4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
- 4.4. OPPORTUNITY MATRIX
- 4.5. VENDOR LANDSCAPE
5. MARKET BY SECURITY TESTING TYPE
- 5.1. STATIC APPLICATION SECURITY TESTING
- 5.2. DYNAMIC APPLICATION SECURITY TESTING
- 5.3. INTERACTIVE APPLICATION SECURITY TESTING
- 5.4. RUNTIME APPLICATION SELF PROTECTION
6. MARKET BY OFFERING
- 6.1. SERVICE
- 6.1.1. MANAGED SERVICE
- 6.1.2. PROFESSIONAL SERVICE
- 6.2. SOLUTION
- 6.2.1. CLOUD
- 6.2.2. ON-PREMISE
7. MARKET BY APPLICATION
- 7.1. WEB APPLICATION SECURITY
- 7.2. MOBILE APPLICATION SECURITY
8. MARKET BY ORGANIZATION SIZE
- 8.1. SMALL AND MEDIUM ENTERPRISE
- 8.2. LARGE ENTERPRISE
9. MARKET BY END-USER
- 9.1. HEALTHCARE
- 9.2. BFSI
- 9.3. EDUCATION
- 9.4. RETAIL
- 9.5. GOVERNMENT
- 9.6. OTHER END-USERS
10. GEOGRAPHICAL ANALYSIS
- 10.1. NORTH AMERICA
- 10.1.1. MARKET SIZE & ESTIMATES
- 10.1.2. KEY GROWTH ENABLERS
- 10.1.3. KEY CHALLENGES
- 10.1.4. KEY PLAYERS
- 10.1.5. COUNTRY ANALYSIS
- 10.1.5.1. UNITED STATES
- 10.1.5.2. CANADA
- 10.2. EUROPE
- 10.2.1. MARKET SIZE & ESTIMATES
- 10.2.2. KEY GROWTH ENABLERS
- 10.2.3. KEY CHALLENGES
- 10.2.4. KEY PLAYERS
- 10.2.5. COUNTRY ANALYSIS
- 10.2.5.1. UNITED KINGDOM
- 10.2.5.2. GERMANY
- 10.2.5.3. FRANCE
- 10.2.5.4. ITALY
- 10.2.5.5. RUSSIA
- 10.2.5.6. BELGIUM
- 10.2.5.7. POLAND
- 10.2.5.8. REST OF EUROPE
- 10.3. ASIA-PACIFIC
- 10.3.1. MARKET SIZE & ESTIMATES
- 10.3.2. KEY GROWTH ENABLERS
- 10.3.3. KEY CHALLENGES
- 10.3.4. KEY PLAYERS
- 10.3.5. COUNTRY ANALYSIS
- 10.3.5.1. CHINA
- 10.3.5.2. JAPAN
- 10.3.5.3. INDIA
- 10.3.5.4. SOUTH KOREA
- 10.3.5.5. INDONESIA
- 10.3.5.6. THAILAND
- 10.3.5.7. VIETNAM
- 10.3.5.8. SINGAPORE
- 10.3.5.9. AUSTRALIA & NEW ZEALAND
- 10.3.5.10. REST OF ASIA-PACIFIC
- 10.4. REST OF WORLD
- 10.4.1. MARKET SIZE & ESTIMATES
- 10.4.2. KEY GROWTH ENABLERS
- 10.4.3. KEY CHALLENGES
- 10.4.4. KEY PLAYERS
- 10.4.5. REGIONAL ANALYSIS
- 10.4.5.1. LATIN AMERICA
- 10.4.5.2. MIDDLE EAST & AFRICA
11. COMPETITIVE LANDSCAPE
- 11.1. KEY STRATEGIC DEVELOPMENTS
- 11.1.1. MERGERS & ACQUISITIONS
- 11.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 11.1.3. PARTNERSHIPS & AGREEMENTS
- 11.1.4. BUSINESS EXPANSIONS & DIVESTITURES
- 11.2. COMPANY PROFILES
- 11.2.1. ACUNETIX
- 11.2.2. CHECKMARX
- 11.2.3. CONTRAST SECURITY
- 11.2.4. DATA THEOREM
- 11.2.5. HCL TECHNOLOGIES
- 11.2.6. HEWLETT PACKARD ENTERPRISE
- 11.2.7. IBM CORPORATION
- 11.2.8. MICRO FOCUS
- 11.2.9. NSFOCUS
- 11.2.10. PRADEO
- 11.2.11. QUALYS INC
- 11.2.12. RAPID7 INC
- 11.2.13. SITELOCK
- 11.2.14. SYNOPSYS
- 11.2.15. TRUSTWAVE
- 11.2.16. VERACODE
- 11.2.17. WHITEHAT SECURITY