7Newswire
30 Oct 2021, 09:32 GMT+10
The increasing number of companies incorporating their applications are propelling the growth of the Application Security market.
Application Security Market Size - USD 6,121.0 Million in 2020, Market Growth - CAGR of 15.80%, Market Trends - Extensive adoption of smartphones.
The global Application Security Market is forecast to reach USD 19.97 Billion by 2028, according to a new report by Reports and Data. Application security has become an absolute necessity. With the increasing number of organizations embracing the idea of developing their applications, the risks and vulnerabilities associated with the security of data have also risen. The safety and security of sensitive information is the primary concern for many businesses. This is one of the fundamental reasons why users are hesitant to share personal information online. The best examples of this are the online retail business and the credit card industry. With the emerging trend of digitalization, particularly online shopping, the Payment Card Industry (PCI) has enforced a set of guidelines and security standards to limit the cases of credit card fraud and make the process of online transactions secure.
Moreover, the growing importance of security testing of these applications and their benefits are also expected to influence the market in the coming years. Security testing for vulnerabilities can help application developers in detecting a variety of potential threats and weaknesses. Through in-depth analysis and sophisticated communication methods, the testing procedure ensures that the mobile and website applications are secured and protected against cyber-attacks.
Key participants include Hewlett Packard Enterprises, Veracode, IBM Corporation, Synopsys, Qualys, WhiteHat Security, Acunetix, Checkmarx, Trustwave, Rapid7, Contrast Security, High-Tech Bridge, Pradeo, SiteLock, and Fasoo, among others.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/application-security-market
For the purpose of this report, Reports and Data have segmented into the global application security market on the basis of testing technique, component, organization size, deployment mode, industry vertical, and region:
Testing Technique Outlook (Revenue, USD Billion; 2018-2028)
Component Outlook (Revenue, USD Billion; 2018-2028)
Deployment Mode Outlook (Revenue, USD Billion; 2018-2028)
Organization Size Outlook (Revenue, USD Billion; 2018-2028)
Industry Vertical Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Market Report includes major TOC points:
Conclusively, all aspects of the Application Security market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.Contact Us:
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