Application Security Market: Global Industry Analysis and Forecast (2024-2030)

The Application Security Market size was valued at USD 16.95 Bn. in 2023 and the total Application Security Market size is expected to grow at a CAGR of 20.44% from 2024 to 2030, reaching nearly USD 62.31 Bn. by 2030.

Format : PDF | Report ID : SMR_2166

Application Security Market Overview

Application security is crucial in protecting software code and data from cyber threats and should be applied throughout all phases of development, including design and deployment. Web applications, which run on web servers and are accessible via the Internet, are vulnerable to various vulnerabilities, making them a high priority for cyber security programs. The market growth is driven by features such as the growing incidence of data breaches, heightened demand for cloud-based application security resolutions, and the imperious of adhering to regulatory requirements. As data breaches become more widespread and destructive, organizations are progressively listing the security of their applications.

Cloud-based solutions offer scalability and flexibility, making them attractive to businesses seeking effective security processes. Also, regulatory frameworks authorizing stringent security protocols drive the adoption of robust application security solutions. The Application Security market is experiencing significant growth because of a confluence of factors driving the increasing demand for robust security measures in software applications.

Application Security Market

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Application Security Market Dynamics:

The rise in security breaches targeting business applications has significantly impacted the application security market. The growing dependence of organizations on intricate software ecosystems has resulted in an increased attack surface for cyber threats, with application vulnerabilities emerging as a main target for malicious actors. High-profile breaches have led to significant financial and reputational damage, emphasizing the need for robust security measures. To protect sensitive data, guarantee regulatory compliance, and uphold customer trust, this has resulted in a rise in investment in application security solutions.

Rising awareness of the threats and an active approach to risk mitigation are driving the growth of the application security market. The Open Web Application Security Project's ASVS standard is thought to be the most appropriate for resolving these issues. Cloud-based application security solutions are easier and less time-consuming than on-premises solutions, with higher return on investment (ROI). Enterprises only need to pay a subscription fee for each device, which includes maintenance and system upgrades. This low-cost model is adopted across all SMEs, driving global market growth during the forecast period 2024 to 2030.

Application Security Market1

Budget constraints hinder the application security market, particularly for small and medium-sized enterprises. The high costs of advanced security tools, maintenance, and skilled personnel are prohibitive. The rapid pace of technological change and threat evolution also require continuous investment, making it difficult for businesses to sustain. This financial constraint slows the adoption of cutting-edge security technologies, leaving applications vulnerable to attacks. IoT devices face numerous security risks because of inadequate application security services, vulnerabilities, and incorrect configuration. The constrained abilities of these devices affect the types of security facilities that are implemented. Cloud computing offers computing resources, but challenges like security, privacy, power efficiency, compliance, and integrity must be considered.

Artificial Intelligence (Al) and Machine Learning (ML) are opportunities for the application security market by enhancing the efficiency and accuracy of security systems. These technologies analyze vast amounts of data in real time, identify patterns, and predict potential vulnerabilities before they are exploited. Al-driven security tools adapt to new threats, offering a proactive approach to threat detection and mitigation. The automation capabilities of Al and ML reduce human intervention, allowing organizations to manage security more accurately and at lower costs. This technological advancement not only improves security measures but also fosters innovation, making robust application security more accessible and scalable for businesses of all sizes.

Application Security Market Segment Analysis:

Based on Deployment Mode, This model of application security market is managed by a security vendor's cloud infrastructure, functioning like an internet-accessible security war room. This eliminates the need for on-premises hardware or software, as all security tools and configurations run on the vendor's platform. Users access security controls and reports through a web interface, while the vendor handles updates and maintenance. Cloud-based solutions offer natural scalability, reducing IT burden and freeing up internal staff for other tasks. Subscription-based pricing models lower upfront costs and simplify budgeting, while automatic updates keep applications protected against threats.

Application Security Market2

Application Security Market Regional Insight:

North America's application security market is experiencing substantial growth, at a CAGR of XX% predicted for the forecast period 2024 to 2030. The rise in security breaches targeting business applications has prompted companies to prioritize security measures, boosting demand for advanced solutions. The increasing adoption of cloud-based applications has further fueled this demand. The well-established IT infrastructure in North America is a fertile ground for developing innovative solutions.

The region's prominence as a hub for global financial institutions also drives the demand for stringent security measures. The rapid proliferation of lot devices across various industries poses new security challenges, necessitating specialized measures. The emphasis on developing threat intelligence solutions highlights a proactive approach to identifying and addressing security threats, further driving the growth trajectory of the application security market in North America.

Application Security Market3

Application Security Market Competitive Landscape:

July 2, 2024, HCLTech, a leading global technology company, and IBM today announced a new collaboration to establish a Generative AI Center of Excellence (GenAI CoE) based on the IBM watsonx AI and data platform.

On May 29, 2024, Capgemini Government Solutions LLC today announced a new initiative with The Defense Advanced Research Projects Agency (DARPA) to investigate the use of quantum computing in the field of carbon capture. Beyond pushing the boundaries of technological innovation, this project provides an opportunity for Capgemini to work alongside the U.S. government to advance sustainability efforts and promote a greener future.

Application Security Market Scope
Market Size in 2023	USD 16.95 Bn.
Market Size in 2030	USD 62.31 Bn.
CAGR (2024-2030)	20.44 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Type Web Application Security Mobile Application Security
	By Component Solutions Security Testing Tools Static Application Security Testing (SAST) Dynamic Application Security Testing (DAST) Interactive Application Security Testing (IAST) Runtime Application Self-Protection Container Security API Security Others Services Professional Services Managed Services
	By Deployment Mode Cloud On-Premises
	By Organization Size Large Enterprises SMES Vertical Banking, Financial Services, & Insurance (BFS) Healthcare Retail And E-Commerce IT & ITES Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Key Player in the Application Security Market

IBM - USA
HCLTech - India
Synopsys - USA
Microfocus - UK
Capgemini - France
Onapsis - USA
Google - USA
Microsoft - USA
Cloudflare - USA
Guardsquare - Belgium
Checkmarx - Israel
Fortinet - USA
Broadcom - USA
Qualys - USA
Rapid7 - USA
Veracode Inc - USA
Acunetix - Malta
Contrast Security - USA
VMware - USA
OneSpan - USA
Trustwave - USA
Imperva – USA
XX.inc

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Frequently Asked Questions

1. What is the Forecast Period of the Application Security Market?

The forecast period of the market is 2024 to 2030.

2. Which region is expected to lead the Application Security Market during the forecast period?

North America is expected to lead the Application Security Market during the forecast period.

3. What is the profit outlook for companies operating in the Application Security Market?

An analysis of profit trends and projections for companies in the Application Security Market is included, offering insights into factors driving profitability, cost management strategies, and financial performance metrics.

4. What is the projected Application Security Market size & and growth rate of the Market?

The Application Security Market size was valued at USD 16.95 Billion in 2023 and the total Application Security Market size is expected to grow at a CAGR of 20.44% from 2024 to 2030, reaching nearly USD 62.31 Billion by 2030.

5. What segments are covered in the Market report?

The segments covered in the market report are by Type, by Component, by Deployment Mode, and by Organization Size.

1.   Application Security Market: Research Methodology
2.   Application Security Market: Executive Summary
3.   Application Security Market: Competitive Landscape
4.   Potential Areas for Investment
4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.   Market Leaders
4.4.2.   Market Followers
4.4.3.   Emerging Players
4.5. Consolidation of the Market
5.   Application Security Market: Dynamics
5.1. Market Trends by Region
5.1.1.   North America
5.1.2.   Europe
5.1.3.   Asia Pacific
5.1.4.   Middle East and Africa
5.1.5.   South America
5.2. Market Drivers by Region
5.2.1.   North America
5.2.2.   Europe
5.2.3.   Asia Pacific
5.2.4.   Middle East and Africa
5.2.5.   South America
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Strategies for New Entrants to Penetrate the Market
5.9. Regulatory Landscape by Region
5.9.1.   North America
5.9.2.   Europe
5.9.3.   Asia Pacific
5.9.4.   Middle East and Africa
5.9.5.   South America
6.   Application Security Market Size and Forecast by Segments (by value Units)
6.1. Application Security Market Size and Forecast, by Type (2023-2030)
6.1.1.   Web Application Security
6.1.2.   Mobile Application Security
6.2. Application Security Market Size and Forecast, by Component (2023-2030)
6.2.1.   Solutions
6.2.1.1.   Security Testing Tools
6.2.1.1.1.   Static Application Security Testing (SAST)
6.2.1.1.2.   Dynamic Application Security Testing (DAST)
6.2.1.1.3.   Interactive Application Security Testing (IAST)
6.2.1.1.4.   Runtime Application Self-Protection
6.2.1.2.   Container Security
6.2.1.3.   API Security
6.2.1.4.   Others
6.2.2.   Services
6.2.2.1.   Professional Services
6.2.2.2.   Managed Services
6.3. Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
6.3.1.   Cloud
6.3.2.   On-Premises
6.4. Application Security Market Size and Forecast, by Organization Size (2023-2030)
6.4.1.   Large Enterprises
6.4.2.   SMES
6.4.3.   Vertical
6.4.4.   Banking, Financial Services, & Insurance (BFS)
6.4.5.   Healthcare
6.4.6.   Retail And E-Commerce
6.4.7.   IT & ITES
6.4.8.   Others
6.5. Application Security Market Size and Forecast, by Region (2023-2030)
6.5.1.   North America
6.5.2.   Europe
6.5.3.   Asia Pacific
6.5.4.   Middle East and Africa
6.5.5.   South America
7.   North America Application Security Market Size and Forecast (by value Units)
7.1. North America Application Security Market Size and Forecast, by Type (2023-2030)
7.1.1.   Web Application Security
7.1.2.   Mobile Application Security
7.2. North America Application Security Market Size and Forecast, by Component (2023-2030)
7.2.1.   Solutions
7.2.1.1.   Security Testing Tools
7.2.1.1.1.   Static Application Security Testing (SAST)
7.2.1.1.2.   Dynamic Application Security Testing (DAST)
7.2.1.1.3.   Interactive Application Security Testing (IAST)
7.2.1.1.4.   Runtime Application Self-Protection
7.2.1.2.   Container Security
7.2.1.3.   API Security
7.2.1.4.   Others
7.2.2.   Services
7.2.2.1.   Professional Services
7.2.2.2.   Managed Services
7.3. North America Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
7.3.1.   Cloud
7.3.2.   On-Premises
7.4. North America Application Security Market Size and Forecast, by Organization Size (2023-2030)
7.4.1.   Large Enterprises
7.4.2.   SMES
7.4.3.   Vertical
7.4.4.   Banking, Financial Services, & Insurance (BFS)
7.4.5.   Healthcare
7.4.6.   Retail And E-Commerce
7.4.7.   IT & ITES
7.4.8.   Others
7.5. North America Application Security Market Size and Forecast, by Country (2023-2030)
7.5.1.   United States
7.5.2.   Canada
7.5.3.   Mexico
8.   Europe Application Security Market Size and Forecast (by Value Units)
8.1. Europe Application Security Market Size and Forecast, by Type (2023-2030)
8.1.1.   Web Application Security
8.1.2.   Mobile Application Security
8.2. Europe Application Security Market Size and Forecast, by Component (2023-2030)
8.2.1.   Solutions
8.2.1.1.   Security Testing Tools
8.2.1.1.1.   Static Application Security Testing (SAST)
8.2.1.1.2.   Dynamic Application Security Testing (DAST)
8.2.1.1.3.   Interactive Application Security Testing (IAST)
8.2.1.1.4.   Runtime Application Self-Protection
8.2.1.2.   Container Security
8.2.1.3.   API Security
8.2.1.4.   Others
8.2.2.   Services
8.2.2.1.   Professional Services
8.2.2.2.   Managed Services
8.3. Europe Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
8.3.1.   Cloud
8.3.2.   On-Premises
8.4. Europe Application Security Market Size and Forecast, by Organization Size (2023-2030)
8.4.1.   Large Enterprises
8.4.2.   SMES
8.4.3.   Vertical
8.4.4.   Banking, Financial Services, & Insurance (BFS)
8.4.5.   Healthcare
8.4.6.   Retail And E-Commerce
8.4.7.   IT & ITES
8.4.8.   Others
8.5. Europe Application Security Market Size and Forecast, by Country (2023-2030)
8.5.1.   UK
8.5.2.   France
8.5.3.   Germany
8.5.4.   Italy
8.5.5.   Spain
8.5.6.   Sweden
8.5.7.   Austria
8.5.8.   Rest of Europe
9.   Asia Pacific Application Security Market Size and Forecast (by Value Units)
9.1. Asia Pacific Application Security Market Size and Forecast, by Type (2023-2030)
9.1.1.   Web Application Security
9.1.2.   Mobile Application Security
9.2. Asia Pacific Application Security Market Size and Forecast, by Component (2023-2030)
9.2.1.   Solutions
9.2.1.1.   Security Testing Tools
9.2.1.1.1.   Static Application Security Testing (SAST)
9.2.1.1.2.   Dynamic Application Security Testing (DAST)
9.2.1.1.3.   Interactive Application Security Testing (IAST)
9.2.1.1.4.   Runtime Application Self-Protection
9.2.1.2.   Container Security
9.2.1.3.   API Security
9.2.1.4.   Others
9.2.2.   Services
9.2.2.1.   Professional Services
9.2.2.2.   Managed Services
9.3. Asia Pacific Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
9.3.1.   Cloud
9.3.2.   On-Premises
9.4. Asia Pacific Application Security Market Size and Forecast, by Organization Size (2023-2030)
9.4.1.   Large Enterprises
9.4.2.   SMES
9.4.3.   Vertical
9.4.4.   Banking, Financial Services, & Insurance (BFS)
9.4.5.   Healthcare
9.4.6.   Retail And E-Commerce
9.4.7.   IT & ITES
9.4.8.   Others
9.5. Asia Pacific Application Security Market Size and Forecast, by Country (2023-2030)
9.5.1.   China
9.5.2.   S Korea
9.5.3.   Japan
9.5.4.   India
9.5.5.   Australia
9.5.6.   Asean
9.5.7.   Rest of Asia Pacific
10.   Middle East and Africa Application Security Market Size and Forecast (by Value Units)
10.1. Middle East and Africa Application Security Market Size and Forecast, by Type (2023-2030)
10.1.1.   Web Application Security
10.1.2.   Mobile Application Security
10.2. Middle East and Africa Application Security Market Size and Forecast, by Component (2023-2030)
10.2.1.   Solutions
10.2.1.1.   Security Testing Tools
10.2.1.1.1.   Static Application Security Testing (SAST)
10.2.1.1.2.   Dynamic Application Security Testing (DAST)
10.2.1.1.3.   Interactive Application Security Testing (IAST)
10.2.1.1.4.   Runtime Application Self-Protection
10.2.1.2.   Container Security
10.2.1.3.   API Security
10.2.1.4.   Others
10.2.2.   Services
10.2.2.1.   Professional Services
10.2.2.2.   Managed Services
10.3. Middle East and Africa Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
10.3.1.   Cloud
10.3.2.   On-Premises
10.4. Middle East and Africa Application Security Market Size and Forecast, by Organization Size (2023-2030)
10.4.1.   Large Enterprises
10.4.2.   SMES
10.4.3.   Vertical
10.4.4.   Banking, Financial Services, & Insurance (BFS)
10.4.5.   Healthcare
10.4.6.   Retail And E-Commerce
10.4.7.   IT & ITES
10.4.8.   Others
10.5. Middle East and Africa Application Security Market Size and Forecast, by Country (2023-2030)
10.5.1.   South Africa
10.5.2.   GCC
10.5.3.   Rest of ME&A
11.   South America Application Security Market Size and Forecast (by Value Units)
11.1. South America Application Security Market Size and Forecast, by Type (2023-2030)
11.1.1.   Web Application Security
11.1.2.   Mobile Application Security
11.2. South America Application Security Market Size and Forecast, by Component (2023-2030)
11.2.1.   Solutions
11.2.1.1.   Security Testing Tools
11.2.1.1.1.   Static Application Security Testing (SAST)
11.2.1.1.2.   Dynamic Application Security Testing (DAST)
11.2.1.1.3.   Interactive Application Security Testing (IAST)
11.2.1.1.4.   Runtime Application Self-Protection
11.2.1.2.   Container Security
11.2.1.3.   API Security
11.2.1.4.   Others
11.2.2.   Services
11.2.2.1.   Professional Services
11.2.2.2.   Managed Services
11.3. South America Application Security Market Size and Forecast, by Deployment Mode (2023-2030)
11.3.1.   Cloud
11.3.2.   On-Premises
11.4. South America Application Security Market Size and Forecast, by Organization Size   (2023-2030)
11.4.1.   Large Enterprises
11.4.2.   SMES
11.4.3.   Vertical
11.4.4.   Banking, Financial Services, & Insurance (BFS)
11.4.5.   Healthcare
11.4.6.   Retail And E-Commerce
11.4.7.   IT & ITES
11.4.8.   Others
11.5. South America Application Security Market Size and Forecast, by Country (2023-2030)
11.5.1.   Brazil
11.5.2.   Argentina
11.5.3.   Rest of South America
12.   Company Profile: Key players
12.1. IBM
12.1.1.   Company Overview
12.1.2.   Financial Overview
12.1.3.   Business Portfolio
12.1.4.   SWOT Analysis
12.1.5.   Business Strategy
12.1.6.   Recent Developments
12.2. HCLTech
12.3. Synopsys
12.4. Microfocus
12.5. Capgemini
12.6. Onapsis
12.7. Google
12.8. Microsoft
12.9. Cloudflare
12.10. Guardsquare
12.11. Checkmarx
12.12. Fortinet
12.13. Broadcom
12.14. Qualys
12.15. Rapid7
12.16. Veracode Inc
12.17. Acunetix
12.18. Contrast Security
12.19. VMware
12.20. OneSpan
12.21. Trustwave
12.22. Imperva
12.23. XX.inc
13.   Key Findings
14.   Industry Recommendation