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  • Application Security Market Share and Growth Rate 2017-2023




    (I-SoftwareNews.Com, February 26, 2018 ) According to Publisher, the global application security market to grow from USD 2196.78 million in 2016 to USD 12529.37 million by 2023, at a CAGR of 28.24%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.



    Application security refers to the process of protecting applications from external threats. Different application security measures such as antiviruses, firewall, encryptions etc. help prevent unauthorized and malicious access to the enterprise applications. Generally, security measures are built into applications and a healthy application security routines minimize the possibility that malicious and unauthorized code will be able to manipulate applications to access, modify, delete or steal sensitive data. Smart organizations need to establish application security program that can proactively limit fuel attackers from penetrating into organizations critical resources.



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    The major forces driving the growth of the application security market include the leading vector for cyberattacks and rapid-fire technology evolution. Moreover, enforcement of government and industry regulation is also one of the factors that is driving the market growth. However increasing number of vulnerabilities bought by application revolution, and lack of trust on third party vendor may hinder the market growth. In the middle of difficulty lies opportunity such as the emerging mobile and web applications, a tool to bring holistic approach towards security, and integrated cloud-based application security. The possible challenges for the market growth are and inconsistent customer requirement and inherited vulnerabilities need for a rapid response,. But key players in the market are overcoming the challenges with continual improvement and innovation.



    Based on industry, the global application security market is studied across aerospace & defense, banking, financial services & insurance, consumer goods & retail, education, energy & utilities, government, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, transportation & logistics, and travel & hospitality. Based on geography, the global application security market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.



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    Key Players:

    Acunetix Vulnerability Scanner

    Burp Suite

    Checkmarx CxSAST

    Fortify on Demand

    IBM Application Security

    Nessus Vulnerability Management

    Qualys Web Application Scanning

    Synopsys Application Security Services

    Trustwave Application Security

    Veracode Application Security Software



    Report Highlights:

    The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of application security market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the application security market that will impact the demand during the forecast period. Moreover, the competitive analysis of application security market brings an insight on the product usability profiles of the leading players. Additionally, the analysis highlights features & pricing, informant reviews of the key products in the market.



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