Application security involves measures implemented at the application level to safeguard against data theft, code theft, or hijacking. It encompasses security considerations during development and design, as well as post-deployment systems and approaches to protect the applications.
The global application security market is set to grow due to rising security breaches targeting business applications, the growing adoption of mobile and cloud-based technologies, and the need to comply with strict regulations. The Common Vulnerabilities and Exposures (CVE) database has identified numerous vulnerabilities in popular applications, some of which lack available patches. Failure to apply patches by consumers and enterprises has made cybercriminals more effective at exploiting application vulnerabilities.
In 2021, the market for Application Security had a worth of US$ 7.35 billion, and it is projected to achieve a value of US$ 33.06 billion by 2030, with a compound annual growth rate (CAGR) of 18.5% from 2022 to 2030.
Major Players in the Application Security Industry:
- IBM Corporation
IBM Corporation was established in 1911 and is headquartered in Armonk, New York, U.S. It operates in over 175 countries, specializes in computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. In 2020, IBM Corporation announced its agreement to incorporate Nordcloud, a European company specializing in application transformation, application management, and cloud migration. This acquisition will enhance IBM's application security offerings and bolster the growth of its hybrid cloud platform.
- Oracle Corporation
Oracle Corporation was established in 1977 and is headquartered in Austin, Texas, United States. It operates in more than 145 countries and is engaged in various industries, including enterprise software, information technology, SaaS, and software.
- Veracode (Thoma Bravo)
Veracode (Thoma Bravo) was established in 2006 and is headquartered in Burlington, Massachusetts, United States. It is engaged in various industries, including cyber security, enterprise applications, mobile security, and software.
- Qualys Inc.
Qualys Inc. was established in 1999 and is headquartered in Foster City, California, United States. It operates in more than 130 countries and is engaged in providing information security and compliance cloud solutions.
- Micro Focus International PLC
Micro Focus International PLC was established in 1976 and is headquartered in Newbury, United Kingdom. It operates in 180 countries and is engaged in various industries, including data centers, security, and software.
- Checkmarx Ltd
Checkmarx Ltd. was established in 2006 and is headquartered in Atlanta, Georgia, United States. It operates in over 70 countries and is engaged in various industries, including enterprise software, SaaS, security, and software.
- Contrast Security
Contrast Security was established in 2014 and is headquartered in Los Altos, California, U.S. It is engaged in various industries, including cloud security, cyber security, developer tools, enterprise applications, security, and software.
- Rapid7 Inc.
Rapid7 Inc. was established in 2000 and is headquartered in Boston, Massachusetts, United States. It operates in 78 countries and is engaged in various industries, including analytics, cyber security, enterprise software, network security, and risk management.
- SiteLock LLC
SiteLock LLC was established in 2004 and is headquartered in Scottsdale, U.S. It operates in over 175 countries and is engaged in various industries, including online portals, security, software, and web browsers.
Definition: Application security is protecting software from vulnerabilities and ensuring data confidentiality and integrity.
