The application security market is estimated to be valued at USD 10.67 billion in 2024 and is expected to reach USD 34.82 billion by 2031, growing at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.

Report Description:

Application security is of paramount importance in the current digitalized world. With increasing incidents of cyber threats, such as malware, ransomware, and distributed denial of service (DDOS) attacks targeting applications, the need for robust application security solutions is growing. The application security market caters to this need by providing a range of tools and services that can help organizations identify vulnerabilities, compliance issues, and security risks in their applications at different stages of the development life cycle. This helps build secure applications and also minimizes security breaches, data thefts, and revenue losses resulting from application layer attacks. As digital transformation gathers further pace globally, driving greater reliance on web and mobile applications, the application security market is poised for significant growth in the coming years.

Market Dynamics:

The global application security market is driven by the rising incidents of application layer attacks, growing adoption of DevSecOps practices, increasing demand for cloud-based security solutions, and stringent regulatory standards for application security. However, budget constraints, lack of skilled security professionals, and compatibility issues pose challenges to the market's growth. Opportunities lie in integrating AI/ML capabilities for enhanced application scanning and protection. Market players are also exploring the potential of Blockchain for developing hack-proof decentralized applications.

Key features of the study:

• This report provides an in-depth analysis of the global application security market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global application security market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Acunetix , CAST Software, Checkmarx Ltd. , Cisco Systems, Inc., Contrast Security , F5, Inc., Fasoo, GitLab, HCL Technologies Ltd, Hewlett Packard Enterprise Development LP , High-Tech Bridge SA , IBM Corporation, Micro Focus , Onapsis, Oracle , Positive Technologies , Pradeo , Qualys, Rapid7, SiteLock , Synopsys, Inc., Trustwave Holdings, Veracode, VMware, and WhiteHat Security.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global application security market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global application security market.

Market Segmentation

• Application
  • Web Application Security
  • Mobile Application Security
• Deployment 
  • Cloud
  • On-premises
• Types of Security Testing 
  • Static Application Security Testing (SAST)
  • Dynamic Application Security Testing (DAST)
  • Interactive Application Security Testing (IAST)
  • Run-Time Application Self Protection (RASP)
• Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Key Players Insights
  • Acunetix
  • CAST Software
  • Checkmarx Ltd.
  • Cisco Systems, Inc.
  • Contrast Security
  • F5, Inc.
  • Fasoo
  • GitLab
  • HCL Technologies Ltd
  • Hewlett Packard Enterprise Development LP
  • High-Tech Bridge SA
  • IBM Corporation
  • Micro Focus
  • Onapsis
  • Oracle
  • Positive Technologies
  • Pradeo
  • Qualys
  • Rapid7
  • SiteLock
  • Synopsys, Inc.
  • Trustwave Holdings
  • Veracode
  • VMware
  • WhiteHat Security