Application Security Market Worth $10.7 Billion by 2025 | CAGR: 17.7%: Grand View Research, Inc.
SAN FRANCISCO, May 16, 2017 /PRNewswire/ --
The global application security market is expected to reach USD 10.7 billion by 2025, according to a new report by Grand View Research, Inc. Increasing targeted attacks on the applications is anticipated to be a major factor that is expected to drive market growth. In addition, BYOD adoption in the organizations that are deploying application security services and solutions to protect against potential threats has contributed to the market demand.
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DAST (Dynamic Application Security Testing) is expected to significantly contribute to the market revenue, with a market size of over USD 4 billion by 2025. It delivers various advantages that include comprehensive vulnerability coverage, false positive reduction, entire code coverage that comprises the frameworks and libraries, and zero process disruption.
Web application solution was the largest application security market in 2015 valued at USD 1.75 billion and is expected to observe declining growth over the forecast period. Mobile application solution market is expected to grow at a CAGR of 25.9% from 2016 to 2025.
Government agencies hold, access, and manage large amounts of sensitive data. The government and defense vertical, currently is susceptible to major cyber-attacks and security breaches. According to Veracode report, three out four application used by government agencies does not meet basic security compliances thereby by creating high opportunity for market vendors. The market for government and defense segment is expected to grow at a CAGR of 18.3% between 2016 to 2025. The market is also anticipated to witness a substantial growth in the BFSI vertical, IT and telecom and healthcare over the forecast period.
Browse full research report with TOC on "Application Security Market Analysis By Solution, By Services (Managed, Professional), By Testing Type (SAST, DAST, IAST, RASP), By Deployment (Cloud, On-premise), By Organization Size, End-use, & Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/application-security-market
Further key findings from the report suggest:
- The application security market accounted for USD 2.05 billion and is expected to grow at a CAGR of 17.7% from 2016 to 2025
- Web application security emerged as the largest segment in 2015 and is expected to leverage machine learning to catalyze growth opportunities
- The application security market size in large enterprises was value USD 1.25 billion in 2015 and is anticipated to witness substantial growth over the next nine years
- The U.S. managed services market was valued as USD 478.5 million in 2015 and is expected to gain traction owing to strong compliance requirements
- The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments, especially in the mobile application security market. The regional market is expected to grow at a CAGR of 24.9% from 2016 to 2025
- Key players including IBM, Hewlett Packard Enterprise, Qualys Inc., Veracode and WhiteHat Security dominated the market while accounting 50% share of the total market in 2015
Browse related reports by Grand View Research:
- SMB Integrated Security Appliances Market - http://www.grandviewresearch.com/industry-analysis/smb-integrated-security-appliances-market
- Device Vulnerability Management Market - http://www.grandviewresearch.com/industry-analysis/device-vulnerability-management-market
- Defence Cyber Security Market - http://www.grandviewresearch.com/industry-analysis/defence-cyber-security-market
- Internet Security Market - http://www.grandviewresearch.com/industry-analysis/internet-security-market
Grand View Research has segmented the application security market on the basis of solution, services, testing, deployment, organization size, end-use and region:
- Application Security Solution Outlook (Revenue, USD Million, 2014 - 2025)
- Web application security
- Mobile application security
- Application Security Services Outlook (Revenue, USD Million, 2014 - 2025)
- Managed
- Professional
- Application Security Testing type Outlook (Revenue, USD Million, 2014 - 2025)
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Interactive Application Security Testing (IAST)
- Runtime Application Self-Protection (RASP)
- Application Security Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- Cloud
- On-premise
- Application Security Organization size Outlook (Revenue, USD Million, 2014 - 2025)
- Small and medium enterprise
- Large enterprise
- Application Security End-Use Outlook (Revenue, USD Million, 2014 - 2025)
- BFSI
- Government and defense
- Healthcare
- IT & Telecom
- Manufacturing
- Retail
- Others
- Application Security Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- North America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
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Email: sales@grandviewresearch.com
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