Application Security Software refers to the software tool to protect applications from external threats throughout their lifecycle. Application security is defined as the process of making apps more secure by finding, fixing, and enhancing the security of apps. Much of the process happens during the development phase, security tools and methods are used to protect apps once they are deployed.
The application security market is seeing a rapid growth primarily driven by the increase in the number of cyber-attacks and their sophistication, strict government regulations and growing smartphone penetration and adoption. Additionally, the space has seen a lot of investments by venture capitalists and private equity investors giving rise to a bunch of rising cybersecurity startups in the world. Other factors contributed to the growth of the application security market include the development and adoption of Internet of Things (IoT), digitization and automation in the industrial space, and technological development in the finance space especially in the emerging economies, etc.
The global Application Security Software market is dominated by companies from IBM, Synopsys, Micro Focus, Veracode,WhiteHat Security and some others, top three players occupy for over 40% market share in 2018. The global Application Security Software market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Other prominent players in the market include Qualys, Trustwave Holdings, Akamai, Rapid7, Checkmarx, Intertrust, Rogue Wave Software, CAST Software, Secure Decisions, Parasoft, Kiuwan, GrammaTech, Acunetix Ltd, etc.
Based on end uses, the market is segmented into Web Application Security and Mobile Application Security. In 2018, Web Application Security segment occupied the largest market share, 70.95%, while Mobile Application segment is growing rapidly in recent years, with a forecast market share of 33.09% in 2024. And small & mid-size businesses are expected to grow at a higher rate as compared to the large enterprises segment during the forecast period.
In 2018, the global Application Security Software market size was 3511.3 million US$ and it is expected to reach 11690 million US$ by the end of 2025, with a CAGR of 18.8% during 2019-2025.
This report focuses on the global Application Security Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Application Security Software development in United States, Europe and China.
The key players covered in this study
Micro Focus
Veracode
Rogue Wave
CAST Software
IBM
Synopsys
Parasoft
Checkmarx
Akamai
Trustwave Holdings
WhiteHat Security
QUALYS, INC
Secure Decisions
Rapid7
Kiuwan
GrammaTech
Acunetix Ltd
Intertrust
Market segment by Type, the product can be split into
Cloud-based
On-Premise
Market segment by Application, split into
Web App
Mobile App
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Application Security Software status, future forecast, growth opportunity, key market and key players.
To present the Application Security Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Application Security Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Application Security Software. Industry analysis & Market Report on Application Security Software is a syndicated market report, published as Global Application Security Software Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Application Security Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.