Global Application Security Market 2022-2026

The publisher has been monitoring the application security market and it is poised to grow by $16.68 bn during 2022-2026, accelerating at a CAGR of 25.55% during the forecast period. The report on the application security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing number of data leaks, increase in demand for cloud-based application security solutions, and the need to comply with regulatory policies.

The application security market analysis includes the end-user segment and geographic landscape.

The application security market is segmented as below:

By End-user

Web application security
Mobile application security

By Geography

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the prevalence of shadow IT as one of the prime reasons driving the application security market growth during the next few years. Also, increasing adoption of BYOD concept among enterprises and the emergence of DevOps will lead to sizable demand in the market.

The report on application security market covers the following areas:

Application security market sizing
Application security market forecast
Application security market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading application security market vendors that include Broadcom Inc., Capgemini Service SAS, Checkmarx Ltd., Contrast Security Inc., Dynatrace Inc., F5 Networks Inc., Fasoo, Fortinet Inc., Hewlett Packard Enterprise Co., ImmuniWeb SA, International Business Machines Corp., Invicti Security Ltd., NTT Corp., PRADEO Security Systems SAS, Qualys Inc., Rapid7 Inc., Singapore Telecommunications Ltd., Sitelock LLC, Synopsys Inc., and Trend Micro Inc. Also, the application security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments
Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 Web application security - Market size and forecast 2021-2026
Exhibit 28: Chart on Web application security - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Web application security - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Web application security - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Web application security - Year-over-year growth 2021-2026 (%)
5.4 Mobile application security - Market size and forecast 2021-2026
Exhibit 32: Chart on Mobile application security - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Mobile application security - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Mobile application security - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Mobile application security - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by End-user
Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 UK - Market size and forecast 2021-2026
Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.10 China - Market size and forecast 2021-2026
Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
7.11 Russia - Market size and forecast 2021-2026
Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
7.12 Canada - Market size and forecast 2021-2026
Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.13 France - Market size and forecast 2021-2026
Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
7.14 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends

9 Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 89: Overview on factors of disruption
9.4 Industry risks
Exhibit 90: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 Broadcom Inc.
Exhibit 93: Broadcom Inc. - Overview
Exhibit 94: Broadcom Inc. - Business segments
Exhibit 95: Broadcom Inc. - Key news
Exhibit 96: Broadcom Inc. - Key offerings
Exhibit 97: Broadcom Inc. - Segment focus
10.4 Capgemini Service SAS
Exhibit 98: Capgemini Service SAS - Overview
Exhibit 99: Capgemini Service SAS - Business segments
Exhibit 100: Capgemini Service SAS - Key news
Exhibit 101: Capgemini Service SAS - Key offerings
Exhibit 102: Capgemini Service SAS - Segment focus
10.5 Checkmarx Ltd.
Exhibit 103: Checkmarx Ltd. - Overview
Exhibit 104: Checkmarx Ltd. - Product / Service
Exhibit 105: Checkmarx Ltd. - Key news
Exhibit 106: Checkmarx Ltd. - Key offerings
10.6 Contrast Security Inc.
Exhibit 107: Contrast Security Inc. - Overview
Exhibit 108: Contrast Security Inc. - Product / Service
Exhibit 109: Contrast Security Inc. - Key offerings
10.7 Dynatrace Inc.
Exhibit 110: Dynatrace Inc. - Overview
Exhibit 111: Dynatrace Inc. - Product / Service
Exhibit 112: Dynatrace Inc. - Key news
Exhibit 113: Dynatrace Inc. - Key offerings
10.8 F5 Networks Inc.
Exhibit 114: F5 Networks Inc. - Overview
Exhibit 115: F5 Networks Inc. - Business segments
Exhibit 116: F5 Networks Inc. - Key news
Exhibit 117: F5 Networks Inc. - Key offerings
Exhibit 118: F5 Networks Inc. - Segment focus
10.9 Fasoo
Exhibit 119: Fasoo - Overview
Exhibit 120: Fasoo - Product / Service
Exhibit 121: Fasoo - Key offerings
10.10 Fortinet Inc.
Exhibit 122: Fortinet Inc. - Overview
Exhibit 123: Fortinet Inc. - Product / Service
Exhibit 124: Fortinet Inc. - Key offerings
10.11 Hewlett Packard Enterprise Co.
Exhibit 125: Hewlett Packard Enterprise Co. - Overview
Exhibit 126: Hewlett Packard Enterprise Co. - Business segments
Exhibit 127: Hewlett Packard Enterprise Co. - Key news
Exhibit 128: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 129: Hewlett Packard Enterprise Co. - Segment focus
10.12 ImmuniWeb SA
Exhibit 130: ImmuniWeb SA - Overview
Exhibit 131: ImmuniWeb SA - Product / Service
Exhibit 132: ImmuniWeb SA - Key offerings

11 Appendix

11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 133: Inclusions checklist
Exhibit 134: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 135: Currency conversion rates for US$
11.4 Research methodology
Exhibit 136: Research methodology
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources
11.5 List of abbreviations
Exhibit 139: List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market by Geography
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on End-user - Market share 2021-2026 (%)
Exhibits 25: Data Table on End-user - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by End-user
Exhibits 27: Data Table on Comparison by End-user
Exhibits 28: Chart on Web application security - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Web application security - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Web application security - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Web application security - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Mobile application security - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Mobile application security - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Mobile application security - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Mobile application security - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by End-user ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share by geography 2021-2026 (%)
Exhibits 39: Data Table on Market share by geography 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 82: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibits 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibits 84: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibits 85: Data Table on France - Year-over-year growth 2021-2026 (%)
Exhibits 86: Market opportunity by geography ($ million)
Exhibits 87: Impact of drivers and challenges in 2021 and 2026
Exhibits 88: Overview on Criticality of inputs and Factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Vendors covered
Exhibits 92: Matrix on vendor position and classification
Exhibits 93: Broadcom Inc. - Overview
Exhibits 94: Broadcom Inc. - Business segments
Exhibits 95: Broadcom Inc. - Key news
Exhibits 96: Broadcom Inc. - Key offerings
Exhibits 97: Broadcom Inc. - Segment focus
Exhibits 98: Capgemini Service SAS - Overview
Exhibits 99: Capgemini Service SAS - Business segments
Exhibits 100: Capgemini Service SAS - Key news
Exhibits 101: Capgemini Service SAS - Key offerings
Exhibits 102: Capgemini Service SAS - Segment focus
Exhibits 103: Checkmarx Ltd. - Overview
Exhibits 104: Checkmarx Ltd. - Product / Service
Exhibits 105: Checkmarx Ltd. - Key news
Exhibits 106: Checkmarx Ltd. - Key offerings
Exhibits 107: Contrast Security Inc. - Overview
Exhibits 108: Contrast Security Inc. - Product / Service
Exhibits 109: Contrast Security Inc. - Key offerings
Exhibits 110: Dynatrace Inc. - Overview
Exhibits 111: Dynatrace Inc. - Product / Service
Exhibits 112: Dynatrace Inc. - Key news
Exhibits 113: Dynatrace Inc. - Key offerings
Exhibits 114: F5 Networks Inc. - Overview
Exhibits 115: F5 Networks Inc. - Business segments
Exhibits 116: F5 Networks Inc. - Key news
Exhibits 117: F5 Networks Inc. - Key offerings
Exhibits 118: F5 Networks Inc. - Segment focus
Exhibits 119: Fasoo - Overview
Exhibits 120: Fasoo - Product / Service
Exhibits 121: Fasoo - Key offerings
Exhibits 122: Fortinet Inc. - Overview
Exhibits 123: Fortinet Inc. - Product / Service
Exhibits 124: Fortinet Inc. - Key offerings
Exhibits 125: Hewlett Packard Enterprise Co. - Overview
Exhibits 126: Hewlett Packard Enterprise Co. - Business segments
Exhibits 127: Hewlett Packard Enterprise Co. - Key news
Exhibits 128: Hewlett Packard Enterprise Co. - Key offerings
Exhibits 129: Hewlett Packard Enterprise Co. - Segment focus
Exhibits 130: ImmuniWeb SA - Overview
Exhibits 131: ImmuniWeb SA - Product / Service
Exhibits 132: ImmuniWeb SA - Key offerings
Exhibits 133: Inclusions checklist
Exhibits 134: Exclusions checklist
Exhibits 135: Currency conversion rates for US$
Exhibits 136: Research methodology
Exhibits 137: Validation techniques employed for market sizing
Exhibits 138: Information sources
Exhibits 139: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global application security market: Broadcom Inc., Capgemini Service SAS, Checkmarx Ltd., Contrast Security Inc., Dynatrace Inc., F5 Networks Inc., Fasoo, Fortinet Inc., Hewlett Packard Enterprise Co., ImmuniWeb SA, International Business Machines Corp., Invicti Security Ltd., NTT Corp., PRADEO Security Systems SAS, Qualys Inc., Rapid7 Inc., Singapore Telecommunications Ltd., Sitelock LLC, Synopsys Inc., and Trend Micro Inc.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is the prevalence of shadow IT.`

According to the report, one of the major drivers for this market is the growing number of data leaks.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.