The market report analyses the application security industry across various geographical regions mentioned above and helps to identify the prevailing market opportunities for growth.
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Progressive Markets added a report, "Global Application Security Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", which says that the global market is expected to grow at a CAGR of over 23% from 2017 to 2025.
With more and more applications coming up and becoming accessible over networks, their security has become a necessity and not an option. Applications security is a technique that involves the use of hardware, software, and procedural techniques to prevent applications from threats or attacks.
The structured methodology helps identify, fix, and prevent security vulnerabilities in any form of software application.
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Market Drivers and Restraints
The application security market is witnessing a fast growth over the years. The factors fueling the growth of the market include increased use of smartphones, increased use of Internet of Things (IoT) based applications, and the growing number of malicious attacks.
On the other hand, the factor that adversely affects the growth of the market is the growing competition among the IT companies.
Application Security Market Key Segmentation:
The report segments the global application security market based on service, solution, mode of deployment, and geography. By service, the global application security market is classified into managed service and professional service.
Based on the solution, the market is fragmented into mobile application security and web application security. Based on the mode of deployment, the application security market is divided into on premise and cloud based.
Based on geography, the report studies the global application security industry across regions such as Asia-Pacific, North America, Europe, and LAMEA. In Asia-Pacific, the market covers the regions such as India, China, Japan, Australia, and the other parts of Asia-Pacific.
In North America, the market covers regions such as the U.S., Canada, and Mexico. In Europe, the application security industry covers the regions such as Germany, UK, Russia, France, and the other parts of Europe.
In LAMEA, the market covers regions such as Argentina, Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
Key Market Players
The top players that account for the largest application security market size include Hewlett Packard Enterprise, Cigital Inc, IBM Corporation, Veracode, WhiteHat Security Inc, Trustwave Holdings Inc, Qualys Inc., Acunetix Ltd., Checkmarx Ltd, and Rapid7, Inc.
The report provides an in-depth analysis of the entire application security industry, encompassing the application security market size, application security market share (2014-2025), market landscape, Porter's Five Forces analysis, market scope and dynamics, mode of research used, current and future trends, segmentation of the market, competitive landscape, and key market players. An extensive analysis of the market is conducted by following the key product positioning and observing the top contenders within the industry structure.
The market dynamics which includes the drivers and restraints help market players and investors to understand the conditions associated with the profit and loss of the market. It also helps in understanding the behavior of the market.
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The report provides the application security market forecast and estimations for each of the segments & subsegments and regions for the period 2017-2025 by analyzing the trends and future market potential. The report also provides the historic application security market size for each segment and region for the period 2014-2016.
The application security industry report includes an overview of all the key players operating within the industry along with details about the companies' financials, business segments, as well as their recent developments. This information helps investors know the future competitors and adopt strategies to grow their own business even further.
The Porter's Five Forces Analysis assist in gaining insights on the degree of competition existing amongst the industry players.
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