The global Application Security Market is forecast to reach USD 22.12 Billion by 2026, 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        . In addition, report offers in-depth insights into the COVID-19 impact on the Application Security Market industry.

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 According to the report, the global ICT (Information Communications Technology) industry – which consists of an extensive computer network worldwide and media technologies connected through cables or link systems – is expected to witness lucrative growth in the upcoming years. Emergence of leading-edge technologies such as artificial intelligence (AI), Machine Learning, Deep Learning, Big Data, and robotics is a key trend positively influencing the growth of this industry. Industry growth is majorly attributed to growing use of mobile devices such as smartphones and tablets, wider access to the Internet, evolution of advanced communication technologies including the Internet of Things (IoT), and their rapid integration into various industries including healthcare, BFSI, education, automotive, agriculture, buildings construction, and food beverage industries.

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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.

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; 2016-2026)

Static Application Security Testing (SAST)

Dynamic Application Security Testing (DAST)

Interactive Application Security Testing (IAST)

Run-Time Application Self Protection (RASP)

Component Outlook (Revenue, USD Billion; 2016-2026)

Solution

Web Application Security

Mobile Application Security

Services

Professional Services

Managed Services

Deployment Mode Outlook (Revenue, USD Billion; 2016-2026)

Cloud

On-Premises

Organization Size Outlook (Revenue, USD Billion; 2016-2026)

Small and Medium Enterprises

Large enterprises

Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)

Government and Defense

Manufacturing

Healthcare and Life Sciences

Retail and E-commerce

IT and Telecommunication

Education

Banking, Financial services, and Insurance (BFSI)

Others

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Frequent questions addressed in the report:

What is the forecast size and revenue growth rate of the global Application Security Market?

What are the major factors driving the growth of the global Application Security Market during the forecast period?

What are the latest trends influencing market growth?

What are the imminent risks and challenges expected to hamper industry growth?

Who are the prominent players in the global Application Security Market?

What are the outcomes of SWOT Analysis, Porter’s Five Forces Analysis, and PESTLE analysis?

What is the market size the Application Security Market is expected to reach by 2028?

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