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Allied Market Research

Application Security Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 212 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Application Security Market Insight

Application security is the discipline of processes, tools, and practices to protect applications from threats throughout the entire application lifestyle. With the help of application security, organizations can protect all kinds of applications, such as legacy desktop, mobile, web, and micro services, used by internal and external stakeholders, including customers, business partners, and employees. 

Application security is the general practice of adding features to software to prevent a range of different threats. These threats include denial of service attacks, cyberattacks, data breaches, and data theft. It usually refers to steps that a business takes to identify, protect, and repair applications against security vulnerabilities. 

Application Security Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Solution Type
  • Service Type
  • Deployment Type
  • Enterprise Size
  • Region

  Regions covered

  • North America (the U.S. and Canada)
  • Europe (Germany, the UK, France, and rest of Europe)
  • Asia-Pacific (China, Japan, India, and rest of Asia-Pacific)
  • Latin America (Latin America, Middle East, and Africa)

  Companies covered

  • White Hat Security Inc.
  • IBM Corp.
  • Hewlett Packard Enterprise
  • Oracle Corp.
  • Checkmarx Ltd.
  • Rapid7 Inc.
  • Acuentix Ltd .
  • Contrast Security Inc.
  • Synopsys.
  • Qualys Inc.
  • Trustware Holding Inc
  • Cigital Inc.
  • High-Tech Bridge SA

 

Impact of COVID-19 on Application Security Market

  • The pandemic has created enormous challenges for businesses worldwide such as to continue operating despite massive shutdowns of offices and other facilities. They are increasingly dependent on data centers, cloud systems, departmental servers, digital devices, and other technologies as the employees are working remotely and using these technologies to stay connected to each other, owing to which the company’s data becomes even more vital. 
  • However, due to working from remote locations, data privacy has become a major concern for many organizations. Thus, organizations are looking for the ways to enhance or improve their cyber security &application security measures and update them as well due to continuous rise in cyber-attacks.
  • In any organization, managers and staff need access to internal services and applications to conduct operations remotely. As many companies haven’t made these applications and data available previously over the internet or Virtual Private Networks (VPN), thus the security leaders are expected to implement stringent access measures. 
  • In addition, many companies that use secure remote access technology can give remote employees private access (without a VPN) to enterprise applications and systems. Firms can also use Privileged Access Management (PAM) services to allow special remote access to their IT and application administrators. This needs to complete with several security measures such as multi-factor authentication services, including biometric and text-based methods such as to enable stringent risk-based access to internal applications that are open for remote access. 
  • Furthermore, organizations are expected to take steps to control and change the situation even after the pandemic to prepare for a pandemic-like scenario in future, which is expected to increase the investment in the market. Thus, organizations are expected to implement application security for employees, thereby raising the opportunities for the market in the upcoming years.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Factors, such as favorable government regulations, increase in sophisticated attacks, need for safety and security of confidential information, rise in number of third-party applications, and number of benefits provided by application security, including safety & security of confidential information, reduced risk, brand image protection, high customer confidence, and protection of data, drive the growth of the market. However, data breaches and negligence of application securities from organizations hinder the growth of the market. Furthermore, growth in penetration of smartphones, the evolution of Internet of Things (IoT), and new product launches are expected to create lucrative opportunities for the market. 

Growth in need for safety and security of confidential information: 

For any organizations, safety & security of their information and data is the primary concern, which is a major restrain to share  personal information online. However, with the help of application security, online retail business and credit card company are expected to assure their customers that the information is safe with them, thereby driving the adoption of these solutions.  

New product launches with the integration of Internet of Things: 

The usage of technological advancement in wearable technology is growing rapidly. However, this enhancement also creates concerns for security. To address these concerns, key players of the market are launching advanced application security software. For instance, Data Theorem, Inc., a key player of the application security market, recently launched “Web Secure”. It is the industry’s first full-stack application security analyzer, which provides vulnerability analysis for modern web applications from the web-layer down to its embedded APIs and cloud resources.  In addition, this new product enables DevOps and security teams to improve web application security testing for issues by identifying and helping remediate potential data breaches in modern web applications. These product launches and further integration of technology with the modern device are expected to provide lucrative opportunities for the market in the upcoming years.  

Key segments covered:

Segments

Sub Segments

  Component

  • Solution
  • Web Application Security
  • Mobile Application Security
  • Services
  • Professional Services
  • Managed Services

  Testing Type

  • Static Application Security Testing
  • Dynamic Application Security Testing
  • Interactive Application Security Testing

  Deployment Type

  • On-premise
  • Cloud

  Enterprise Size

  • Small & Medium Enterprise
  • Large Enterprise

  Industry Vertical

  • IT & Telecom
  • Healthcare
  • Manufacturing
  • BFSI
  • Education
  • Government & Defense  
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global application security market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global application security market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global application security market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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