Global Application Security Market

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Global Application Security Market
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Increased sophistication of cyber-attack
techniques is driving the growth of the
application security market
Expects the global application security market 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. As attackers have shifted their
focus from traditional network layer attacks to
application layer attacks, the demand for
application security solutions is expected to
increase to cater to the growing challenges posed
by these threats.
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Furthermore, the evolution of the Internet of
Things (IoT) and increasing digitalization of
industrial sectors in emerging economies, such as
Asia Pacific (APAC) and Middle East and Africa
(MEA), are expected to provide huge growth
opportunities to application security solution
vendors in the next 5 years. Lack of cyber
security awareness and budget constraints are the
restraining factors for the market.
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Professional services segment is expected to have
a larger market size than managed services during
the forecast period
In the application security market, services are
broadly classified into professional and managed
services. Professional services are further
segmented into consulting, training and
education, and support services. The professional
services segment is expected to have the largest
market size during the forecast period as these
services help enterprises to remain robust
against emerging cyber threats.
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Research Coverage
The application security market has been
segmented into solutions, services, testing
types, deployment modes, organization size,
industry verticals, and regions. Application
security solutions include web application
security and mobile application security
solutions. Services offered in the application
security market are professional and managed
services. The various testing types are Static
Application Security Testing (SAST), Dynamic
Application Security Testing (DAST), and
Interactive Application Security Testing (IAST).
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Deployment modes are segmented into cloud and
on-premises modes. Organization size is
classified as large enterprises and Small and
Medium Enterprises (SMEs). The various industry
verticals are government and defense Banking,
Financial Services, and Insurance (BFSI) IT and
telecom, healthcare, retail, education, and
others (manufacturing, oil and gas, and media and
entertainment). Finally, on the basis of regions,
the application security market is segmented into
North America, Europe, APAC, MEA and Latin
America.
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The report will help the market leaders and new
entrants in the application security market in
the following ways

1. The report segments the market into various
   subsegments, hence, covering the market
   comprehensively. The report provides the closest
   approximations of the revenue numbers for the
   overall market and the subsegments. The market
   numbers are further split across different
   industry verticals and regions.

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1. The report helps in understanding the overall
   growth of the market. It provides information on
   the key market drivers, restraints, challenges,
   and opportunities.
2. The report helps in understanding the competitors
   better and gaining more insights to strengthen
   ones position in the market. The study also
   presents the positioning of the key players based
   on their product offerings and business
   strategies.

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Full Report
Global Application Security Market
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