Global Application Security Market

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Global Application Security Market Growth
Sustained by Increasing Cyber Breaches Incidences
Inkwood Research estimates that the Global
Application Security Market is evaluated to
project a CAGR of 14.29 in terms of revenue
during the forecasting years of
2022-2030. Browse 73 Market Data Tables and 57
Figures spread over 200 Pages, along with an in-
depth TOC on the Global Application Security
Market Forecast 2022-2030. VIEW TABLE OF
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orts/application- security-market/table-of-conten
ts Application security is characterized as the
process of adding, developing, as well as testing
security features across applications, with the
key objective of preventing security exposures
against threats. These mainly include
unauthorized modification and access, among
others.
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Increasing Prevalence of Cyber Breaches to
Augment Market Growth As per the estimations put
forth by the Center for Strategic and
International Studies, cybercrime costs around
USD 400 billion globally, every year. As a
result, businesses and governments across the
world are in pursuit of improved cyber defense
strategies. Cybercriminals target information
systems in almost every sector or industry. For
instance, healthcare organizations in America
have recurrently been attacked by data thieves. A
report by NBC News depicted that about 90 of the
total healthcare organizations in the United
States suffered from data breaches. As a result,
businesses undertake several countermeasures
against cyberattacks, such as conventional
firewalls, encryption/decryption programs,
anti-virus programs, spyware detection/removal
programs, and biometric authentication
systems. Mobile Application Security is the
Fastest-Growing Application Mobile applications
such as social media apps, shopping apps, and
gaming apps have observed substantial growth over
recent years. The surge in the adoption of mobile
devices among end-users has altered the process
of sales and marketing, in addition to the
branding of a product. Therefore, organizations
increasingly prefer introducing mobile
applications to their customers. These
developments in terms of downloading mobile apps,
facilitated by the increasing utility of mobile
devices, have augmented the risk of violating
security policies, subsequently laying the
foundation for security solutions for mobile
applications. Asia-Pacific to lead the Global
Market by 2030 Some of the key factors
contributing to the adoption of application
security solutions in the Asia-Pacific include
the growing usage of mobile data for various
applications like social media and mobile
banking. Furthermore, the rising penetration of
smartphones and the internet in nations such as
China and India propel the adoption of cyber
security in this region. However, the lack of
awareness associated with security, stemming from
the fact that the majority of companies are
inclined towards establishing a reactive approach
instead of a proactive approach, may hamper the
markets growth. The global application security
market is perforated with both major
international vendors and smaller domestic
vendors catering to several segments of the
market studied. Hence, the industrial rivalry is
anticipated to be high. Some of the top players
operating in the market are Trustwave, Acunetix,
Sitelock LLC, IBM Corporation, etc. Request for
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About Inkwood Research
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Inkwood Research specializes in syndicated
customized research reports and consulting
services. Market intelligence studies with
relevant fact-based research are customized
across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that
acknowledges the business environments. Our
geographical analysis comprises North South
America, CEE, CIS, Middle East, Europe, Asia, and
Africa.
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