At 26+% CAGR, Application Security Market Potentially Worth $9Bn by 2022 Led by North America

PUNE, India, May 23, 2017 /PRNewswire-iReach/ -- In the application security market, services are broadly classified into professional and managed services. The professional services segment is expected to have a larger market size than managed services during the forecast period. 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. Complete report on "Global Application Security Market" spread across 154 pages, profiling 15 companies and supported with 72 tables and 66 figures is now available athttp://www.rnrmarketresearch.com/application-security-market-by-component-solutions-services-solutions-web-application-security-mobile-application-security-testing-type-sast-dast-iast-deployment-mode-organization-size-vertical-regio-st-to-2021-market-report.html .

The 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.

The 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.

The increased sophistication of cyber-attack techniques is driving the growth of the application security market. 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 cyber security awareness and budget constraints are the restraining factors for the market.

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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.Download PDF Brochure "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" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=542511 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (38%), Tier 2 (42%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (55%) and Directors (45%) from various key organizations operating in the global application security market. The primary interviews were conducted worldwide covering regions such as North America (52%), Europe (26%), Asia-Pacific (16%) and RoW (6%).

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).

On a related note, another research titled Multifactor Authentication Market Global Forecast to 2022says, the multifactor authentication market is expected to reach $12.51 billion by 2022, at a CAGR of 15.52% during the forecast period. Five-factor authentication model would witness a high growth rate during the forecast period. Healthcare application market would witness a high growth rate during the forecast period. The Americas would dominate the MFA market, while RoW is expected to grow at the highest rate during the forecast period. Companies such as Safran (France), Gemalto NV (the Netherlands), NEC Corporation (Japan), 3M (US), CA Technologies (US), Fujitsu (Japan), VASCO Data Security International Inc. (US), HID Global Corporation/ASSA ABLOY AB (Sweden), RSA Security LLC (US), Suprema HQ Inc. (South Korea), and Crossmatch (US) have been profiled in this 173 pages research report available at http://www.rnrmarketresearch.com/multifactor-authentication-market-by-model-two-three-four-and-five-factor-application-banking-and-finance-government-military-and-defense-commercial-security-consumer-electronics-healthcare-and-geog-st-to-2022-market-report.html .

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