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Application Security Market Key Players, Regions, Sales, Market Size and Production Forecast from 2019 to 2024

Application Security

This “Application Security Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Application Security market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The application security market is expected to register a CAGR of 25% during the forecast period (2019-2024). Application security has become a necessity with an increasing number of companies looking to develop their own apps, in addition to purchasing a record number of applications and incorporating open source code into their applications, as the vulnerabilities and risks associated with these applications have also risen exponentially.
  • – The application security systems diminish the security risks involved in the different operation of various applications, such as web and mobile applications. It has been estimated that web application is expected to remain the most frequent cause of confirmed breaches. With organizations increasingly connecting to various business critical applications via the internet, the risk of a breach is continuously increasing.
  • – Globally, 10,000 tweets, 2,000 Skype phone calls, five hours of YouTube videos are uploaded and more than three million emails are sent daily, containing valuable insights to know the various trends, such as individual preferences and spending patterns to promote products that engender customer loyalty.
  • – Therefore, protection of these supported applications has become vital and application security solutions are used for this

    Application Security Market Covers Manufacturers:

  • IBM Corporation
  • Oracle Corporation
  • Micro Focus International PLC
  • Checkmarx Ltd
  • Veracode (CA Technologies)
  • Synopsys, Inc.
  • WhiteHat Security, Inc.( NTT Security Corporation)
  • Rapid7, Inc.
  • Qualys, Inc.
  • SiteLock, LLC
  • Contrast Security
  • Positive Technologies
  • Fasoo.com, Inc.

    Scope of the Report:

  • 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.

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    Key Market Trends:

    Retail has a Sector Significant Share in the Market

    – With the introduction of e-commerce over two decades ago, the retail industry entered into the digital age where the retailers have the opportunity to collect more information about their customers.
    – Retail and e-commerce organizations manage large volumes of sensitive data, including credit card information and personal data. This data is increasingly targeted by hackers and there is a rising need to protect it.
    – With many connected devices having made their way into the physical stores in the form of kiosks, point-of-sale (POS) systems, and handheld devices, the amount of customer information is increasing rapidly.
    – To ensure that a retailer’s network, data, application, and endpoints should remain secure (away from any malware and breaches), several software applications and services are evolving to deal with these threats.
    – According to the Cisco 2017 Annual Cyber security Report, nearly one out of three retailers have suffered huge revenue losses due to cyber attacks.
    – To cope with the cyber threats, retailers have started making huge investments in the threat intelligence to determine the impact of these security and data attacks, and then predict and disarm them.

    North America Accounts for the Largest Market Share

    – In the digital age, financial crimes against banks and other financial services institutions are accelerating rapidly. Through 2020, globally, card fraud is expected to increase to USD 183.29 billion.
    – The BFSI sector in the United States has more than one exabyte of stored data. This data has been generated from various sources, such as credit/debit card histories, customer bank visits, banking volumes, call logs, account transactions, and web interactions.
    – Due to the high availability of adequate infrastructure, the presence of numerous global financial institutions, increased adoption of IoT devices and internet users, the growth of threat intelligence solutions in the North American region is expected to rise.
    – Additionally, the proliferation of digital services and technological advancements coupled with the early adoption of the latest technologies in the banking sectors are supplementing the growth of the region.

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    Target Audience of Application Security Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Application Security Market Report:

    • Analyzing various perspectives of the Application Security market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Application Security market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Application Security market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Application Security market studied, during the forecast period
    • The segments that are expected to dominate the Application Security market studied.

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