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Application security market size to hit $9.0 billion by 2022 according to new research report

Get professional a detail on Application security market is growing at 26.4% CAGR & expected to grow from $2.79 Billion in 2017 to $9.0 Billion by 2022.

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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 smart phone 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.

Application security ecosystem comprises application security solution vendors

such as 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).

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It also includes application developers, system integrators, and enterprises.

Other stakeholders in the application security market include Managed Security Service Providers (MSSPs), information security consulting service providers, and security auditors.

The complete report on Application Security Market spread across 154 pages, profiling 15 companies and supported with 72 tables and 66 figures.

 The target audience of the application security market report is given below:

  1. Government agencies
  2. Application security solution vendors
  3. Cybersecurity consultants
  4. Application developers
  5. Cybersecurity testers and auditors
  6. IT managers
  7. System integrators
  8. Cybersecurity vendors
  9. MSSPs
  10. Application end-users

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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

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 smart phone users are the factors driving the application security market in the APAC region.

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