Application Security industry analysis research and trends report for 2017-2024

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Application Security industry analysis research
and trends report for 2017-2024 Global Market
Insights Inc.
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Regional Analysis of Application Security Market

• North America is anticipated to hold the largest
  share in the application security market over the
  forecast time span. This is due to the increasing
  adoption of smart and latest technologies and
  stringent government laws regarding the security
  of IT tools for business purposes. Moreover, the
  presence of many vendors located in this region
  augments the industry growth.
• Asia Pacific will witness major industry growth
  owing to the increasing population and the rise
  in the number of smartphone users. Also, the
  increase in the use of Internet provides various
  opportunities for hackers. Hence, many companies
  in this region are investing in cyber security to
  protect their applications from various threats.

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Application Analysis of Application Security
Market

• Combating the increasing security breaches in
  major industries, such as BFSI, is driving the
  application security market. The use of software
  in almost all industry verticals and the
  protection of these software applications will
  result in a rise in the industry demand. The
  rising e-commerce industries carrying a huge
  customer data and various transactions taking
  place over the internet need to be protected as
  they are viable to theft and data leakage, which
  can cause huge losses to the enterprise. The
  protection of this data over the web and mobile
  applications augments the application security
  market growth.
• Banking and insurance services, education,
  government, media entertainment, retail, IT,
  telecommunication, and hospitality are the
  end-use verticals of the application security
  market. Various government sites and links should
  be protected from hackers as they carry vital
  national data, enhancing the use of application
  security systems.

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Competitive Market Share of Application Security
Market

• The industry players operating in the application
  security market include International Business
  Machine (IBM) Corporation, Veracode, Transport
  America, WhiteHat Security, Qualys, Fasoo,
  Checkmarx Ltd., Contrast Security, and Pradeo.
  These major players are using mergers and
  acquisitions and partnerships to develop new
  product lines and maintain their share in the
  smart transportation market.

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