The global application security market is expected to grow from USD 2,196.78 million 2016 to USD 17,642.65 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 29.75%.
"Increased instances of cyberattacksis one of the factors largely attributing to the growth of application security market globally"
The factors attributing to the growth of the market are increased instances of cyberattacks, advance technological solutions, and imposition of government and industry regulation. However, some factors such as application revolution leading to increasing vulnerabilities, and third party vendor conflicts may hinder the market growth. The global application security market is expected to showcase the opportunities such as increased demand of mobile and web applications, holistic approach towards security, and application security for cloud implementations. In the near future, the market may face the possible challenges in the growth due to inherited vulnerabilities and inconsistent customer requirement, and required proactive response. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global application security market market."Banking, Financial Services & Insurance: The highest growing industry for the global application security market"
On the basis of industry, the global application security market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Among all these industry, the Banking, Financial Services & Insurance has captured the maximum market share while the Healthcare & Life Sciences has the opportunity to emerge with the highest CAGR."On-Premises: The highest growing deployment for the global application security market"
On the basis of deployment, the global application security market is studied across On-Cloud and On-Premises. Among all these deployment, the On-Premises has captured the maximum market share while the On-Cloud has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global application security market"
On the basis of geography, the global application security market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.
"Acunetix, Ltd.: The potential growing player for the global application security market"
The key players profiled in the global application security market are Acunetix, Ltd., Checkmarx, Inc., International Business Machines?Corporation, Lookout, Inc., Micro Focus International PLC, PortSwigger, Ltd., Progress Software Corporation, Pulse Secure LLC, Qualys, Inc., Salesforce.com, Inc., Synopsys, Inc., Tenable, Inc., Trustwave Holdings, Inc.?, Veracode, Inc., and WhiteHat Security, Inc..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global application security market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global application security market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global application security market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global application security market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global application security market.