Application Security Market - Trends Forecast Till 2028

Market Overview

The global Application Security Market size is projected to reach a CAGR of 16.2% from 2022-2028.

Application security encompasses measures taken to improve the security of an application often by finding, fixing, and preventing security vulnerabilities. Different techniques are used to surface such security vulnerabilities at different stages of an application's lifecycle, such as design, development, deployment, upgrade, maintenance.

The rising security breaches targeting business applications, increasing the use of mobile and cloud-based technologies, and stringent compliance and regulatory requirements for application security are some of the factors that have supported long-term expansion for Application Security Market.

The major drivers for the application security market in the Asia Pacific region include the increased frequency of security breaches targeting business applications. Some of the major application vendors catering to Asia Pacific are IBM, Qualys, and Checkmarx. APAC has a good presence of SMEs.

Regional Analysis

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• IBM Corporation
• Oracle Corporation
• Veracode (Thoma Bravo)
• Synopsys Inc.
• Qualys Inc.
• Cisco Systems
• Checkmarx
• MicroFocus
• WhiteHat Security
• Capgemini
• Rapid7
• Onapsis
• GitLab

Recent Developments

• In September 2020, Micro Focus has introduced Hybrid Cloud Management X, designed to simplify the delivery of multi-cloud services. The offering is a cloud-native, multi-tenant management platform that can run in the public cloud or on-premises.
• In June 2020, MicroFocus introduced “Fortify on Demand”, an application security testing services for AWS GovCloud. The service has the ability to offer enhanced testing, and vulnerability management to support critical federal agencies.

Reasons to Acquire

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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope