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Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753231
Description Jump to:
The global application security market size reached US$ 7.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 20.6 Billion by 2028, exhibiting a CAGR of 17.57% during 2022-2028.

Application security refers to a technique of developing, adding, and analyzing the features present in various apps for preventing security vulnerabilities. It involves authentication, authorization, encryption, and logging as protection layers that aid in eliminating unauthorized third-party access, modifications, and the risk of unusual activities. This, in turn, assists enterprises in ensuring optimal security of the client data, optimizing workflow, and maintaining the application lifecycle. Currently, it is commercially available in varying testing types, such as runtime application self-protection (RASP), interactive application security testing (IAST) and dynamic application security testing (DAST).

Application Security Market Trends:

  • The widespread adoption of flexible, durable, and cost-effective security solutions across various industrial verticals, such as information technology (IT), telecom, e-commerce, banking, financing, serving and insurance (BFSI) and public sectors due to increasing instances of several online fraudulent activities represents the key factor driving the application security market growth. This is further supported by numerous favorable initiatives undertaken by the governments of various countries for strengthening cybersecurity through the incorporation of security identifiers (IDs) for identifying users. In line with this, the sudden deployment of work from home (WFH) and bring your own device (BYOD) corporate model on account of the outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns has increased the risks of data vulnerability, which, in turn, is acting as another growth-inducing factor. Moreover, the rising requirement for determining each phase of the software development lifecycle (SDLC) for protecting software and critical data is contributing to the market growth. Apart from this, the extensive utilization of personal, smart devices, including smartphones, laptops, tablets, and smart wearables, for accessing various applications and organization information is creating a positive outlook for the market.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global application security market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, type, testing type, deployment mode, organization size and industry vertical.

Breakup by Component:

  • Solution
  • Services

Breakup by Type:

  • Web Application Security
  • Mobile Application Security

Breakup by Testing Type:

  • Static Application Security Testing (SAST)
  • Dynamic Application Security Testing (DAST)
  • Interactive Application Security Testing (IAST)
  • Runtime Application Self-Protection (RASP)

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by Industry Vertical:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Government and Public Sector
  • Retail and E-Commerce
  • Others

Breakup by Region:

  • North America
United States
Canada

  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Capgemini SE, Checkmarx Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro Focus International plc, Ntt Security Appsec Solutions Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc., Rapid7, Synopsys Inc. and Veracode.

Key Questions Answered in This Report:

  • What was the size of the global application security market in 2022?
  • What is the expected growth rate of the global application security market during 2023-2028?
  • What are the key factors driving the global application security market?
  • What has been the impact of COVID-19 on the global application security market?
  • What is the breakup of the global application security market based on the component?
  • What is the breakup of the global application security market based on the type?
  • What is the breakup of the global application security market based on the testing type?
  • What is the breakup of the global application security market based on the deployment mode?
  • What is the breakup of the global application security market based on the organization size?
  • What is the breakup of the global application security market based on the industry vertical?
  • What are the key regions in the global application security market?
  • Who are the key players/companies in the global application security market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Application Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Type
7.1 Web Application Security
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mobile Application Security
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Testing Type
8.1 Static Application Security Testing (SAST)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Dynamic Application Security Testing (DAST)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Interactive Application Security Testing (IAST)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Runtime Application Self-Protection (RASP)
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Deployment Mode
9.1 On-premises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Cloud-based
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Organization Size
10.1 Large Enterprises
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Small and Medium-sized Enterprises
10.2.1 Market Trends
10.2.2 Market Forecast

11 Market Breakup by Industry Vertical
11.1 BFSI
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Healthcare
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 IT and Telecom
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Manufacturing
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Government and Public Sector
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 Retail and E-Commerce
11.6.1 Market Trends
11.6.2 Market Forecast
11.7 Others
11.7.1 Market Trends
11.7.2 Market Forecast

12 Market Breakup by Region
12.1 North America
12.1.1 United States
12.1.1.1 Market Trends
12.1.1.2 Market Forecast
12.1.2 Canada
12.1.2.1 Market Trends
12.1.2.2 Market Forecast
12.2 Asia-Pacific
12.2.1 China
12.2.1.1 Market Trends
12.2.1.2 Market Forecast
12.2.2 Japan
12.2.2.1 Market Trends
12.2.2.2 Market Forecast
12.2.3 India
12.2.3.1 Market Trends
12.2.3.2 Market Forecast
12.2.4 South Korea
12.2.4.1 Market Trends
12.2.4.2 Market Forecast
12.2.5 Australia
12.2.5.1 Market Trends
12.2.5.2 Market Forecast
12.2.6 Indonesia
12.2.6.1 Market Trends
12.2.6.2 Market Forecast
12.2.7 Others
12.2.7.1 Market Trends
12.2.7.2 Market Forecast
12.3 Europe
12.3.1 Germany
12.3.1.1 Market Trends
12.3.1.2 Market Forecast
12.3.2 France
12.3.2.1 Market Trends
12.3.2.2 Market Forecast
12.3.3 United Kingdom
12.3.3.1 Market Trends
12.3.3.2 Market Forecast
12.3.4 Italy
12.3.4.1 Market Trends
12.3.4.2 Market Forecast
12.3.5 Spain
12.3.5.1 Market Trends
12.3.5.2 Market Forecast
12.3.6 Russia
12.3.6.1 Market Trends
12.3.6.2 Market Forecast
12.3.7 Others
12.3.7.1 Market Trends
12.3.7.2 Market Forecast
12.4 Latin America
12.4.1 Brazil
12.4.1.1 Market Trends
12.4.1.2 Market Forecast
12.4.2 Mexico
12.4.2.1 Market Trends
12.4.2.2 Market Forecast
12.4.3 Others
12.4.3.1 Market Trends
12.4.3.2 Market Forecast
12.5 Middle East and Africa
12.5.1 Market Trends
12.5.2 Market Breakup by Country
12.5.3 Market Forecast

13 SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats

14 Value Chain Analysis

15 Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 Price Analysis

17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Capgemini SE
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Financials
17.3.1.4 SWOT Analysis
17.3.2 Checkmarx Ltd.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.3 Cisco Systems Inc.
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Financials
17.3.3.4 SWOT Analysis
17.3.4 Contrast Security Inc.
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.5 International Business Machines Corporation
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Financials
17.3.5.4 SWOT Analysis
17.3.6 Micro Focus International plc
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financials
17.3.7 Ntt Security Appsec Solutions Inc. (NTT Ltd.)
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.8 Oracle Corporation
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.8.3 Financials
17.3.8.4 SWOT Analysis
17.3.9 Qualys Inc.
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.9.3 Financials
17.3.10 Rapid7
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.10.3 Financials
17.3.11 Synopsys Inc.
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio
17.3.11.3 Financials
17.3.11.4 SWOT Analysis
17.3.12 Veracode
17.3.12.1 Company Overview
17.3.12.2 Product Portfolio

List of Figures
Figure 1: Global: Application Security Market: Major Drivers and Challenges
Figure 2: Global: Application Security Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Application Security Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Application Security Market: Breakup by Component (in %), 2022
Figure 5: Global: Application Security Market: Breakup by Type (in %), 2022
Figure 6: Global: Application Security Market: Breakup by Testing Type (in %), 2022
Figure 7: Global: Application Security Market: Breakup by Deployment Mode (in %), 2022
Figure 8: Global: Application Security Market: Breakup by Organization Size (in %), 2022
Figure 9: Global: Application Security Market: Breakup by Industry Vertical (in %), 2022
Figure 10: Global: Application Security Market: Breakup by Region (in %), 2022
Figure 11: Global: Application Security (Solution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Application Security (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Application Security (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Application Security (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Application Security (Web Application Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Application Security (Web Application Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Application Security (Mobile Application Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Application Security (Mobile Application Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Application Security (Static Application Security Testing-SAST) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Application Security (Static Application Security Testing-SAST) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Application Security (Dynamic Application Security Testing-DAST) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Application Security (Dynamic Application Security Testing-DAST) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Application Security (Interactive Application Security Testing-IAST) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Application Security (Interactive Application Security Testing-IAST) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Application Security (Runtime Application Self-Protection-RASP) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Application Security (Runtime Application Self-Protection-RASP) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Application Security (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Application Security (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Application Security (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Application Security (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Application Security (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Application Security (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Application Security (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Application Security (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Application Security (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Application Security (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Application Security (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Application Security (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Application Security (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Application Security (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Application Security (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Application Security (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Application Security (Government and Public Sector) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Application Security (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Application Security (Retail and E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Application Security (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Application Security (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Application Security (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: North America: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: North America: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United States: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United States: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Canada: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Canada: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Asia-Pacific: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Asia-Pacific: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: China: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: China: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Japan: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Japan: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: India: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: India: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: South Korea: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: South Korea: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Australia: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Australia: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Indonesia: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Indonesia: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Europe: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Europe: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Germany: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Germany: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: France: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: France: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: United Kingdom: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: United Kingdom: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Italy: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Italy: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Spain: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Spain: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Russia: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Russia: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Latin America: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Latin America: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Brazil: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Brazil: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Mexico: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Mexico: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Others: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Others: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Middle East and Africa: Application Security Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Middle East and Africa: Application Security Market: Breakup by Country (in %), 2022
Figure 97: Middle East and Africa: Application Security Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Global: Application Security Industry: SWOT Analysis
Figure 99: Global: Application Security Industry: Value Chain Analysis
Figure 100: Global: Application Security Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Application Security Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Application Security Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Application Security Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Application Security Market Forecast: Breakup by Testing Type (in Million US$), 2023-2028
Table 5: Global: Application Security Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 6: Global: Application Security Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 7: Global: Application Security Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 8: Global: Application Security Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Application Security Market: Competitive Structure
Table 10: Global: Application Security Market: Key Players

Companies Mentioned

  • Capgemini SE
  • Checkmarx Ltd.
  • Cisco Systems Inc.
  • Contrast Security Inc.
  • International Business Machines Corporation
  • Micro Focus International plc
  • Ntt Security Appsec Solutions Inc. (NTT Ltd.)
  • Oracle Corporation
  • Qualys Inc.
  • Rapid7
  • Synopsys Inc. and Veracode

Methodology

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