Houston, TX -- (SBWire) -- 03/10/2018 --The application security market is expected to grow from USD 2.79 Billion in 2017 to USD 9.0 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of +26%. Due to increase in security breaches targeting business applications, organizations across the world are deploying application security solutions to safeguard their web and mobile applications. The major forces driving the application security market are the need to protect enterprise applications and data from sophisticated application layer attacks, necessity to adhere to government regulations, and increased usage of third-party applications.
The objective of the report is to define, describe, and forecast the size of the application security market on the basis of components (solutions and services), testing types, deployment modes, organization size, industry verticals, and regions. The report also aims to provide detailed information about the major factors influencing the growth of the market.
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Some of the most prominent Key Vendors:
Fasoo, Hewlett Packard Enterprise (HPE) Company, International Business Machines (IBM) Corporation, Qualys, Inc., Rapid7, Inc, Synopsys, Acunetix, Checkmarx, Contrast Security, High-Tech Bridge, Pradeo, Sitelock, Trustwave Holdings, Veracode, Whitehat Security
Government agencies hold, access, and manage large amounts of sensitive data. The government and defense vertical, currently is susceptible to major cyber-attacks and security breaches. According to Veracode report, three out four application used by government agencies does not meet basic security compliances thereby by creating high opportunity for market vendors
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Amongst components, mobile application security solution segment is anticipated to have a higher growth rate during the forecast period. Owing to increasing number of smart phone users, the acceptance of the Bring Your Own Device (BYOD) trend and increasing enterprise mobility needs. Asia Pacific registered significant growth during the forecast period owing to the rising digitalization of businesses and acceptance of cloud services by all enterprises in the region.
Market segment by Application, Application Security can be split into
Government and defense
BFSI
IT and telecom
Healthcare
Retail
Education
Others
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
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Table Of Content:
Chapter 1 Global Application Security Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Global Application Security Market- Size, Shares, Growth, Consumption Analysis, Industry Demand and Forecast to 2022.
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