Application Security Market - Global Forecast to 2022

  • ID: 4265855
  • Report
  • Region: Global
  • 155 Pages
  • Markets and Markets
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The Application Security Market is Expected to Grow from USD 2.79 Billion in 2017 to USD 9.0 Billion by 2022, at a CAGR of 26.4%

FEATURED COMPANIES

  • Acunetix
  • Contrast Security
  • High-Tech Bridge
  • Qualys, Inc.
  • Sitelock, LLC
  • Veracode, Inc. (CA, Inc.)
  • MORE

"Application Security Market by Component (Solutions, Services), Solution (Web Application Security, Mobile Application Security), Testing Type (SAST, DAST, IAST), Deployment Mode, Organization Size, Industry Vertical, Region - Global Forecast to 2022"

Increased sophistication of cyber-attack techniques is driving the growth of the application security market.

It's expected the global application security market will grow from USD 2.79 billion in 2017 to USD 9.0 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.4%. As attackers have shifted their focus from traditional network layer attacks to application layer attacks, the demand for application security solutions is expected to increase to cater to the growing challenges posed by these threats. Furthermore, the evolution of the Internet of Things (IoT) and increasing digitalization of industrial sectors in emerging economies, such as Asia Pacific (APAC) and Middle East and Africa (MEA), are expected to provide huge growth opportunities to application security solution vendors in the next 5 years. Lack of cybersecurity awareness and budget constraints are the restraining factors for the market.

Mobile application security is expected to have a higher growth rate than web application security during the forecast period.

Mobile application security is expected to have a higher growth rate than web application security during the forecast period. Increasing number of smartphone users, the adoption of the Bring Your Own Device (BYOD) trend, and growing enterprise mobility needs are driving the growth of the mobile application security market. However, web application security is expected to have a larger market size than mobile application security during the forecast period, due to its increasing usage in business operations.

Professional services segment is expected to have a larger market size than managed services during the forecast period.

In the application security market, services are broadly classified into professional and managed services. Professional services are further segmented into consulting, training and education, and support services. The professional services segment is expected to have the largest market size during the forecast period as these services help enterprises to remain robust against emerging cyber threats.

Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period

APAC includes emerging economies, such as India, China, Singapore, Australia, and South Korea, which are rapidly deploying application security solutions and services. This is mainly due to the increasing digitalization of businesses and adoption of cloud services by small, medium, and large enterprises in the region. The need to protect applications from vulnerabilities and the largest population of smartphone users are the factors driving the application security market in the APAC region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the application security marketplace.

  • By Company Type: Tier 1: 38%, Tier 2: 42%, Tier 3: 20%
  • By Designation: C-Level: 55%, Director Level: 45%
  • By Region: North America: 52%, Europe: 26%, APAC: 16%, ROW: 6%

The report includes the study of the key players offering application security solutions and services. Veracode (Massachusetts, US), HPE (California, US), Synopsys (California, US), IBM (New York, US), WhiteHat Security (California, US), Qualys (California, US), Checkmarx (Tel Aviv, Israel), Acunetix (St Julians, Malta), Rapid7 (Massachusetts, US), Trustwave (Illinois, US), High-Tech Bridge (Geneva, Switzerland), Contrast Security (California, US), SiteLock (Arizona, US), Pradeo (Paris, France), and Fasoo (New Jersey, US) are some of the companies profiled in the report. The report includes an in-depth competitive analysis of these key players in the application security market, along with their company profiles, product offerings, recent developments, and key market strategies.

Research Coverage

The application security market has been segmented into solutions, services, testing types, deployment modes, organization size, industry verticals, and regions. Application security solutions include web application security and mobile application security solutions. Services offered in the application security market are professional and managed services. The various testing types are Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), and Interactive Application Security Testing (IAST). Deployment modes are segmented into cloud and on-premises modes. Organization size is classified as large enterprises and Small and Medium Enterprises (SMEs). The various industry verticals are government and defense; Banking, Financial Services, and Insurance (BFSI); IT and telecom, healthcare, retail, education, and others (manufacturing, oil and gas, and media and entertainment). Finally, on the basis of regions, the application security market is segmented into North America, Europe, APAC, MEA and Latin America.

The Report will Help the Market Leaders and New Entrants in the Application Security Market in the Following Ways:

1. The report segments the market into various subsegments, hence, covering the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different industry verticals and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen one’s position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

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FEATURED COMPANIES

  • Acunetix
  • Contrast Security
  • High-Tech Bridge
  • Qualys, Inc.
  • Sitelock, LLC
  • Veracode, Inc. (CA, Inc.)
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Application Security Market
4.2 Market By Solution, 2017-2022
4.3 Market By Service, 2017-2022
4.4 Market By Testing Type, 2017-2022
4.5 Market By Deployment Mode, 2017-2022
4.6 Market By Organization Size, 2017-2022
4.7 Market By Industry Vertical, 2017-2022
4.8 Life Cycle Analysis, By Region

5 Market Overview and Industry Trends
5.1 Market Evolution
5.2 Regulatory Implications
5.2.1 The Open Web Application Security Project Foundation
5.2.2 Common Weakness Enumeration/Sans Institute
5.2.3 Payment Card Industry Data Security Standard
5.2.4 Health Insurance Portability and Accountability Act/Hitech Compliance
5.2.5 Federal Information Security Management Act
5.3 Application Security Best Practices
5.3.1 Best Practices for Web Application Security
5.3.2 Best Practices for Mobile Application Security
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Need to Protect Enterprise Applications and Data
5.4.1.2 Government Regulations
5.4.1.3 Increasing Sophistication Level of Cyber-Attacks
5.4.1.4 Increasing Deployment of Third-Party Applications
5.4.2 Restraints
5.4.2.1 Lack of Awareness About Cybersecurity
5.4.3 Opportunities
5.4.3.1 Increasing Smartphone Adoption and Evolution of Iot
5.4.3.2 Rapid Digitalization in Emerging Economies
5.4.4 Challenges
5.4.4.1 High Deployment Costs and Need to Quickly Deploy Applications to End-Users

6 Application Security Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Web Application Security
6.2.2 Mobile Application Security
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.2 Training and Education
6.3.1.3 Support Services
6.3.2 Managed Services

7 Application Security Market Analysis, By Testing Type
7.1 Introduction
7.2 Static Application Security Testing
7.3 Dynamic Application Security Testing
7.4 Interactive Application Security Testing

8 Application Security Market Analysis, By Deployment Mode
8.1 Introduction
8.2 Cloud
8.3 On-Premises

9 Application Security Market Analysis, By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium Enterprises

10 Application Security Market Analysis, By Industry Vertical
10.1 Introduction
10.2 Government and Defense
10.3 Banking, Financial Services, and Insurance
10.4 IT and Telecom
10.5 Healthcare
10.6 Retail
10.7 Education
10.8 Other Verticals

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America

12 Competitive Landscape
12.1 Introduction
12.1.1 Vanguards
12.1.2 Innovators
12.1.3 Dynamic
12.1.4 Emerging
12.2 Competitive Benchmarking
12.2.1 Product Offerings
12.2.2 Business Strategies

13 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.1 Fasoo
13.2 Hewlett Packard Enterprise (HPE) Company
13.3 International Business Machines (IBM) Corporation
13.4 Qualys, Inc.
13.5 Rapid7, Inc.
13.6 Synopsys, Inc.
13.7 Acunetix
13.8 Checkmarx Ltd.
13.9 Contrast Security
13.10 High-Tech Bridge
13.11 Pradeo
13.12 Sitelock, LLC
13.13 Trustwave Holdings, Inc. (Singtel)
13.14 Veracode, Inc. (Ca, Inc.)
13.15 Whitehat Security

14 Appendix
14.1 Discussion Guide

List of Tables

Table 1 Application Security Market Size and Growth Rate, 2015-2022 (USD Million, Y-O-Y %)
Table 2 Market Size, By Component, 2015-2022 (USD Million)
Table 3 Market Size, By Solution, 2015-2022 (USD Million)
Table 4 Solutions: Market Size, By Region, 2015-2022 (USD Million)
Table 5 Web Application Security: Application Security Solutions Market Size, By Region, 2015-2022 (USD Million)
Table 6 Mobile Application Security: Application Security Solutions Market Size, By Region, 2015-2022 (USD Million)
Table 7 Application Security Market Size, By Service, 2015-2022 (USD Million)
Table 8 Services: Market Size, By Region, 2015-2022 (USD Million)
Table 9 Professional Services: Application Security Services Market Size, By Type, 2015-2022 (USD Million)
Table 10 Consulting Services: Market Size, By Region, 2015-2022 (USD Million)
Table 11 Training and Education Services: Market Size, By Region, 2015-2022 (USD Million)
Table 12 Support Services: Market Size, By Region 2015-2022 (USD Million)
Table 13 Managed Services: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Application Security Market Size, By Testing Type, 2015-2022 (USD Million)
Table 15 Static Application Security Testing: Market Size, By Region, 2014-2021 (USD Million)
Table 16 Dynamic Application Security Testing: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Interactive Application Security Testing: Market Size, By Region, 2015-2022 (USD Million)
Table 18 Application Security Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 19 Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 20 On-Premises: Market Size, By Region, 2015-2022 (USD Million)
Table 21 Application Security Market Size, By Organization Size, 2015-2022 (USD Million)
Table 22 Large Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 23 Small and Medium Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 24 Application Security Market Size, By Industry Vertical, 2015-2022 (USD Million)
Table 25 Government and Defense: Market Size, By Region, 2015-2022 (USD Million)
Table 26 Banking, Financial Services, and Insurance: Market Size, By Region, 2015-2022 (USD Million)
Table 27 IT and Telecom: Market Size, By Region, 2015-2022 (USD Million)
Table 28 Healthcare: Market Size, By Region, 2015-2022 (USD Million)
Table 29 Retail: Market Size, By Region, 2015-2022 (USD Million)
Table 30 Education: Market Size, By Region, 2015-2022 (USD Million)
Table 31 Other Verticals: Market Size, By Region, 2015-2022 (USD Million)
Table 32 Application Security Market Size, By Region, 2015-2022 (USD Million)
Table 33 North America: Market Size, By Component, 2015-2022 (USD Million)
Table 34 North America: Market Size, By Solution, 2015-2022 (USD Million)
Table 35 North America: Market Size, By Service, 2015-2022 (USD Million)
Table 36 North America: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 37 North America: Market Size, By Testing Type, 2017-2022 (USD Million)
Table 38 North America: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 39 North America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 40 North America: Market Size, By Industry Vertical, 2015-2022 (USD Million)
Table 41 Europe: Application Security Market Size, By Component, 2015-2022 (USD Million)
Table 42 Europe: Market Size, By Solution, 2015-2022 (USD Million)
Table 43 Europe: Market Size, By Service, 2015-2022 (USD Million)
Table 44 Europe: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 45 Europe: Market Size, By Testing Type, 2015-2022 (USD Million)
Table 46 Europe: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 47 Europe: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 48 Europe: Market Size, By Industry Vertical, 2015-2022 (USD Million)
Table 49 Asia Pacific: Application Security Market Size, By Component, 2015-2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Solution, 2015-2022 (USD Million)
Table 51 Asia Pacific: Market Size, By Service, 2015-2022 (USD Million)
Table 52 Asia Pacific: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 53 Asia Pacific: Market Size, By Testing Type, 2015-2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Industry Vertical, 2015-2022 (USD Million)
Table 57 Middle East and Africa: Application Security Market Size, By Component, 2015-2022 (USD Million)
Table 58 Middle East and Africa: Market Size, By Solution, 2015-2022 (USD Million)
Table 59 Middle East and Africa: Market Size, By Service, 2015-2022 (USD Million)
Table 60 Middle East and Africa: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 61 Middle East and Africa: Market Size, By Testing Type, 2015-2022 (USD Million)
Table 62 Middle East and Africa: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 63 Middle East and Africa: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 64 Middle East and Africa: Market Size, By Industry Vertical, 2015-2022 (USD Million)
Table 65 Latin America: Application Security Market Size, By Component, 2015-2022 (USD Million)
Table 66 Latin America: Market Size, By Solution, 2015-2022 (USD Million)
Table 67 Latin America: Market Size, By Service, 2015-2022 (USD Million)
Table 68 Latin America: Market Size, By Professional Service, 2015-2022 (USD Million)
Table 69 Latin America: Market Size, By Testing Type, 2015-2022 (USD Million)
Table 70 Latin America: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 71 Latin America: Market Size, By Organization Size, 2015-2022 (USD Million)
Table 72 Latin America: Market Size, By Industry Vertical, 2015-2022 (USD Million)

List of Figures

Figure 1 Global Market Segmentation
Figure 2 Global Application Security Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 North America is Expected to Hold the Largest Market Share in 2017
Figure 8 Increasing Need to Protect Critical Information Technology Assets is Expected to Boost the Application Security Market
Figure 9 Mobile Application Security is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 10 Professional Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 11 Interactive Application Security Testing is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 13 Small and Medium Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Banking, Financial Services, and Insurance Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Application Security Market has Immense Opportunities for Growth in Asia Pacific
Figure 16 Evolution of the Security Testing Market
Figure 17 Application Security Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Number of Smartphone Subscriptions, 2015-2021
Figure 19 Services Segment is Expected to Grow at A Higher CAGR Than Solutions Segment During the Forecast Period
Figure 20 Mobile Application Security Segment is Expected to Grow at A Higher CAGR Than Web Applications Security Segment During the Forecast Period
Figure 21 Professional Services Segment is Expected to Contribute More Than Managed Services During the Forecast Period
Figure 22 The Interactive Application Security Testing Segment to Grow at the Highest CAGR During the Forecast Period
Figure 23 Cloud-Based Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 24 Small and Medium Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 25 Banking, Financial Services, and Insurance Industry Vertical Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 North America to Hold the Largest Market Share in the Global Application Security Market During the Forecast Period
Figure 27 Regional Snapshot: Asia Pacific is the Emerging Region in the Application Security Market
Figure 28 North America Market Snapshot
Figure 29 Asia Pacific Market Snapshot
Figure 30 Dive Chart
Figure 31 Fasoo: Company Snapshot
Figure 32 Fasoo: Product Offering Scorecard
Figure 33 Fasoo: Business Strategy Scorecard
Figure 34 Hewlett Packard Enterprise Company: Company Snapshot
Figure 35 Hewlett Packard Enterprise Company: Product Offering Scorecard
Figure 36 Hewlett Packard Enterprise Company: Business Strategy Scorecard
Figure 37 International Business Machines Corporation: Company Snapshot
Figure 38 International Business Machines Corporation: Product Offering Scorecard
Figure 39 International Business Machines Corporation: Business Strategy Scorecard
Figure 40 Qualys, Inc.: Company Snapshot
Figure 41 Qualys, Inc.: Product Offering Scorecard
Figure 42 Qualys, Inc.: Business Strategy Scorecard
Figure 43 Rapid7, Inc.: Company Snapshot
Figure 44 Rapid7, Inc.: Product Offering Scorecard
Figure 45 Rapid7, Inc.: Business Strategy Scorecard
Figure 46 Synopsys, Inc.: Company Snapshot
Figure 47 Synopsys, Inc.: Product Offering Scorecard
Figure 48 Synopsys, Inc.: Business Strategy Scorecard
Figure 49 Acunetix: Product Offering Scorecard
Figure 50 Acunetix: Business Strategy Scorecard
Figure 51 Checkmarx Ltd.: Product Offering Scorecard
Figure 52 Checkmarx Ltd.: Business Strategy Scorecard
Figure 53 Contrast Security: Product Offering Scorecard
Figure 54 Contrast Security: Business Strategy Scorecard
Figure 55 High-Tech Bridge: Product Offering Scorecard
Figure 56 High-Tech Bridge: Business Strategy Scorecard
Figure 57 Pradeo: Product Offering Scorecard
Figure 58 Pradeo: Business Strategy Scorecard
Figure 59 Sitelock, LLC: Product Offering Scorecard
Figure 60 Sitelock, LLC: Business Strategy Scorecard
Figure 61 Trustwave Holdings, Inc. (Singtel): Product Offering Scorecard
Figure 62 Trustwave Holdings, Inc. (Singtel): Business Strategy Scorecard
Figure 63 Veracode, Inc.: Product Offering Scorecard
Figure 64 Veracode, Inc.: Business Strategy Scorecard
Figure 65 Whitehat Security: Product Offering Scorecard
Figure 66 Whitehat Security: Business Strategy Scorecard

Note: Product cover images may vary from those shown
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  • Acunetix
  • Checkmarx Ltd.
  • Contrast Security
  • Fasoo
  • Hewlett Packard Enterprise (HPE) Company
  • High-Tech Bridge
  • International Business Machines (IBM) Corporation
  • Pradeo
  • Qualys, Inc.
  • Rapid7, Inc.
  • Sitelock, LLC
  • Synopsys, Inc.
  • Trustwave Holdings, Inc. (Singtel)
  • Veracode, Inc. (CA, Inc.)
  • Whitehat Security
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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