Global Application security Market will propel to garner USD 9,442.3 million, with a CAGR of 23.7% by 2025
05 June 2018
Advances in web technologies coupled with a changing business environment, mean that web applications are becoming more prevalent in corporate, public and Government services today. Although web applications can provide convenience and efficiency, there are also a number of new security threats, which could potentially pose significant risks to an organizations information technology infrastructure if not handled properly. 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 applications lifecycle such design, development, deployment, upgrade, or maintenance.
Need to protect enterprise applications and data, stringent government regulations, increasing sophistication level of cyber-attacks and increasing deployment of third-party applications are expected to drive global application security market in near future. In terms of revenue, global application security market in 2017 stood at USD 2,710.7 million and is expected to reach USD 9,442.3 million by 2025 growing at a CAGR of 23.7% from 2018 to 2025.
On the basis of type application security can be classified as mobile applications and web application. Web application type occupied larger market share as compared to mobile applications. While, mobile applications type is also expected to grow at a faster growth rate during the forecast period.
Region wise global Application security market is segmented into the U.S., Europe, China, Japan, Southeast Asia, India and RoW. The U.S. held the largest market share followed by Europe. China is expected to grow at a fastest growth rate followed by Japan. In the past two years, China has a downturn in the economy, due to a series of factors like excess production capacity, decline of export and domestic demand. But the application security develops rapidly and increases continuously. As we know, the mobile internet is developing fast in China, due to the large population and the rapid growth of Internet economy. In the future, China will keep the high-speed growth.
Japan is also an important market, with mature market, large population, completed infrastructural facilities and high-leveled skilled labor. Similarly, India is a country that has large population and high developed economy, especially in software industry. In the following years, India will be the country that has fastest growing economies in the world. Southeast Asia is also a large market, with 11 countries and a population of over 500 million. In the future, Indonesia, Malaysia, Vietnam, Thailand, Philippines and Singapore will accelerate the application security growth.
Some of the global major players operating in the application security market include Trustwave VERACODE Synopsys WhiteHat Security Optiv, Accenture Denim Group Applicure Entersoft, Security Innovation, Aspect Security, Black Duck Software, IBM, Redspin, Fortinet and ARXANb among others.
The Global Application security market is segmented as follows:
Global Application Security Market: Application analysis
Global Application Security Market: Region analysis