The application security market is expected to grow from USD 2.79 Billion in 2017 to USD 9.0 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.4%. The major growth drivers of the application security market include concerns about the increased sophistication level of threats and the Advanced Persistent Threats (APTs) causing security breaches, strict regulatory compliances, and increased deployment of third-party applications.
Among the solutions, web application security is expected to hold a larger market share than mobile application security due to its larger usage in enterprises for business-critical operations. Mobile application security is expected to grow at a faster rate than web application security due to the growing numbers of smartphone users, increasing BYOD trend, and enterprise mobility needs.
In the services segment, professional services that include consulting, training and education, and support services are expected to hold a larger market size than managed services, as professional services enable enterprises to remain robust against emerging cyber threats. Managed services are expected to grow at a CAGR higher than professional services due to to increasing demands for Software-as-a-Service (SaaS) applications among Small and Medium Enterprises (SMEs).
Among the various testing types, Interactive Application Security Testing (IAST) is expected to grow at the highest CAGR as IAST enables greater detection of internal and external vulnerabilities in the applications, which might malfunction the applications. Many application security solution vendors are planning to launch the IAST solution soon. In terms of the market size, Static Application Security Testing (SAST) is expected to hold the largest market size as SAST is used in the early phase of the Software Development Life Cycle (SDLC) and is mostly preferred by application developers.
Hewlett Packard Enterprise (HPE) Company
International Business Machines (IBM) Corporation
Trustwave Holdings, Inc. (Singtel)
Veracode, Inc. (CA, Inc.)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Application Security Market Analysis, By Component
7 Application Security Market Analysis, By Testing Type
8 Application Security Market Analysis, By Deployment Mode
9 Application Security Market Analysis, By Organization Size
10 Application Security Market Analysis, By Industry Vertical