Global Application Security Market | Growth, Analysis

1
Global Application Market to Progress at CAGR of
14.89 by 2028

• Triton Market Research presents the Global
  Application Security Market segmented by
  Application (Mobile Application Security, Web
  Application Security), End-user (Retail,
  Healthcare, Government, BFSI, Education, Other
  End-users), Security Testing Type (Interactive
  Application Security Testing, Static Application
  Security Testing, Runtime Application Self
  Protection, Dynamic Application Security
  Testing), Organization Size (Large Enterprise,
  Small and Medium Enterprise), Offering (Solution
  On-Premise, Cloud, Service Professional
  Services, Managed Services), and by Geography
  (Asia-Pacific, Middle East and Africa, North
  America, Latin America, Europe). The report also
  includes the Market Summary, Industry Outlook,
  Impact of COVID-19, Key Insights, Porters Five
  Forces Analysis, Key Impact Analysis, Market
  Attractiveness Index, Vendor Scorecard, Industry
  Components, Key Market Strategies, Drivers,
  Challenges, Opportunities, Competitive Landscape,
  Research Methodology Scope, Global Market Size,
  Forecasts Analysis (2022-2028).

Request Free Sample Report https//www.tritonmark
etresearch.com/reports/application-security-market
request-free-sample Based on Tritons
estimates, the global application security market
is estimated to surge at a growth rate of 14.89
over the forecasted period 2022-2028.
2
Application security encompasses software and
solutions that ensure the security of web and
mobile- based applications. The rise in
cyberattacks has primarily increased the need for
application security solutions. With the rise in
data breaches, several governments are
introducing regulations to mitigate the risks. As
per estimates, the majority of software has
security vulnerabilities. As a result,
cybercriminals use applications to compromise
corporate infrastructure by installing malware
and exfiltrating data. This has encouraged
government bodies to mandate cybersecurity laws
across industries. Hence, government regulations
create new opportunities for the application
security market. However, lack of security and
budget constraints are key factors restricting
the overall development of the application
security market globally. The Asia-Pacific is
expected to become the fastest-growing region in
the application security market. The COVID-19
outbreak has led to major digitization in the
region, with almost all businesses shifting to
cloud solutions due to growing remote working
trends. This has increased concerns relating to
cybersecurity. As a result, countries have
launched new data protection laws to ensure
higher protection. For instance, Indonesia
proposed a law following a series of high-profile
data breaches in the recent months of 2020. The
legislation makes it illegal to collect consumer
data without permission. Thus, these factors
widen the scope and growth of the regional market
immensely. The major companies thriving in the
application security market are Contrast
Security, Checkmarx, SiteLock, Acunetix, Pradeo,
Hewlett Packard Enterprise, Synopsys, Micro
Focus, HCL Technologies, Nsfocus, Rapid7 Inc, IBM
Corporation, Veracode, WhiteHat Security, Qualys
Inc, Data Theorem, and Trustwave. The competitive
rivalry is determined by multiple factors, such
as market penetration, concentration, and
profitability. Several players are developing new
application solutions to sustain within the
market, thereby increasing the competition
levels. For instance, IBM Corporation is heavily
involved in application security assessment. It
makes constant improvements to its security
testing offering to prevent security breaches.
Thus, the competition among existing players is
estimated to be higher over the forecast
period. Contact Us sales_at_tritonmarketresearch.co
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