Application Security Software refers to the software tool to protect applications from external threats throughout their lifecycle. Application security is defined as the process of making apps more secure by finding, fixing, and enhancing the security of apps. Much of the process happens during the development phase, security tools and methods are used to protect apps once they are deployed.
The application security market is seeing a rapid growth primarily driven by the increase in the number of cyber-attacks and their sophistication, strict government regulations and growing smartphone penetration and adoption. Additionally, the space has seen a lot of investments by venture capitalists and private equity investors giving rise to a bunch of rising cybersecurity startups in the world. Other factors contributed to the growth of the application security market include the development and adoption of Internet of Things (IoT), digitization and automation in the industrial space, and technological development in the finance space especially in the emerging economies, etc.
Scope of the Report:The global Application Security Software market is dominated by companies from IBM, Synopsys, Micro Focus, Veracode,WhiteHat Security and some others, top three players occupy for over 40% market share in 2019. The global Application Security Software market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Other prominent players in the market include Qualys, Trustwave Holdings, Akamai, Rapid7, Checkmarx, Intertrust, Rogue Wave Software, CAST Software, Secure Decisions, Parasoft, Kiuwan, GrammaTech, Acunetix Ltd, etc.
Based on end uses, the market is segmented into Web Application Security and Mobile Application Security. in 2019, Web Application Security segment occupied the largest market share, 70.95%, while Mobile Application segment is growing rapidly in recent years, with a forecast market share of 33.09% in 2026. And small & mid-size businesses are expected to grow at a higher rate as compared to the large enterprises segment during the forecast period.
The global Application Security Software market is valued at 3613 million USD in 2020 and is expected to reach 8245.9 million USD by the end of 2026, growing at a CAGR of 17.9% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Application Security Software.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Application Security Software market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Application Security Software market by product type and applications/end industries.
Market Segment by Companies, this report covers Micro Focus
Veracode
Rogue Wave
CAST Software
IBM
Synopsys
Parasoft
Checkmarx
Akamai
Trustwave Holdings
WhiteHat Security
QUALYS, INC
Secure Decisions
Rapid7
Kiuwan
GrammaTech
Acunetix Ltd
Intertrust
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Cloud-based
On-Premise
Market Segment by Applications, can be divided into Web App
Mobile App
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
