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Application Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global application security market reached a value of US$ 6.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.67 Billion by 2027, exhibiting a CAGR of 17.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Application security refers to a technique of developing, adding, and analyzing the features present in various apps for preventing security vulnerabilities. It involves authentication, authorization, encryption, and logging as protection layers that aid in eliminating unauthorized third-party access, modifications, and the risk of unusual activities. This, in turn, assists enterprises in ensuring optimal security of the client data, optimizing workflow, and maintaining the application lifecycle. Currently, it is commercially available in varying testing types, such as runtime application self-protection (RASP), interactive application security testing (IAST) and dynamic application security testing (DAST).

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Application Security Market Trends: 

The widespread adoption of flexible, durable, and cost-effective security solutions across various industrial verticals, such as information technology (IT), telecom, e-commerce, banking, financing, serving and insurance (BFSI) and public sectors due to increasing instances of several online fraudulent activities represents the key factor driving the application security market growth. This is further supported by numerous favorable initiatives undertaken by the governments of various countries for strengthening cybersecurity through the incorporation of security identifiers (IDs) for identifying users. In line with this, the sudden deployment of work from home (WFH) and bring your own device (BYOD) corporate model on account of the outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns has increased the risks of data vulnerability, which, in turn, is acting as another growth-inducing factor. Moreover, the rising requirement for determining each phase of the software development lifecycle (SDLC) for protecting software and critical data is contributing to the market growth. Apart from this, the extensive utilization of personal, smart devices, including smartphones, laptops, tablets, and smart wearables, for accessing various applications and organization information is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global application security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, testing type, deployment mode, organization size and industry vertical.

Breakup by Component:

  • Solution
  • Services
     

Breakup by Type:

 

 
 

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  • Web Application Security
  • Mobile Application Security
     

Breakup by Testing Type:

  • Static Application Security Testing (SAST)
  • Dynamic Application Security Testing (DAST)
  • Interactive Application Security Testing (IAST)
  • Runtime Application Self-Protection (RASP)
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises
     

Breakup by Industry Vertical:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Government and Public Sector
  • Retail and E-Commerce
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Capgemini SE, Checkmarx Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro Focus International plc, Ntt Security Appsec Solutions Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc., Rapid7, Synopsys Inc. and Veracode.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Type, Testing Type, Deployment Mode, Organization Size, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Capgemini SE, Checkmarx Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro Focus International plc, Ntt Security Appsec Solutions Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc., Rapid7, Synopsys Inc. and Veracode.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Application Security Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component    
    6.1    Solution
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Web Application Security
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mobile Application Security
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Testing Type
    8.1    Static Application Security Testing (SAST)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Dynamic Application Security Testing (DAST)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Interactive Application Security Testing (IAST)
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Runtime Application Self-Protection (RASP)
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Deployment Mode
    9.1    On-premises
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Cloud-based
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Organization Size
    10.1    Large Enterprises
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Small and Medium-sized Enterprises
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Industry Vertical
    11.1    BFSI
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Healthcare
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    IT and Telecom
        11.3.1 Market Trends
        11.3.2 Market Forecast
    11.4    Manufacturing
        11.4.1 Market Trends
        11.4.2 Market Forecast
    11.5    Government and Public Sector
        11.5.1 Market Trends
        11.5.2 Market Forecast
    11.6    Retail and E-Commerce
        11.6.1 Market Trends
        11.6.2 Market Forecast
    11.7    Others
        11.7.1 Market Trends
        11.7.2 Market Forecast
12    Market Breakup by Region
    12.1    North America
        12.1.1 United States
           12.1.1.1 Market Trends
           12.1.1.2 Market Forecast
        12.1.2 Canada
           12.1.2.1 Market Trends
           12.1.2.2 Market Forecast
    12.2    Asia-Pacific
        12.2.1 China
           12.2.1.1 Market Trends
           12.2.1.2 Market Forecast
        12.2.2 Japan
           12.2.2.1 Market Trends
           12.2.2.2 Market Forecast
        12.2.3 India
           12.2.3.1 Market Trends
           12.2.3.2 Market Forecast
        12.2.4 South Korea
           12.2.4.1 Market Trends
           12.2.4.2 Market Forecast
        12.2.5 Australia
           12.2.5.1 Market Trends
           12.2.5.2 Market Forecast
        12.2.6 Indonesia
           12.2.6.1 Market Trends
           12.2.6.2 Market Forecast
        12.2.7 Others
           12.2.7.1 Market Trends
           12.2.7.2 Market Forecast
    12.3    Europe
        12.3.1 Germany
           12.3.1.1 Market Trends
           12.3.1.2 Market Forecast
        12.3.2 France
           12.3.2.1 Market Trends
           12.3.2.2 Market Forecast
        12.3.3 United Kingdom
           12.3.3.1 Market Trends
           12.3.3.2 Market Forecast
        12.3.4 Italy
           12.3.4.1 Market Trends
           12.3.4.2 Market Forecast
        12.3.5 Spain
           12.3.5.1 Market Trends
           12.3.5.2 Market Forecast
        12.3.6 Russia
           12.3.6.1 Market Trends
           12.3.6.2 Market Forecast
        12.3.7 Others
           12.3.7.1 Market Trends
           12.3.7.2 Market Forecast
    12.4    Latin America
        12.4.1 Brazil
           12.4.1.1 Market Trends
           12.4.1.2 Market Forecast
        12.4.2 Mexico
           12.4.2.1 Market Trends
           12.4.2.2 Market Forecast
        12.4.3 Others
           12.4.3.1 Market Trends
           12.4.3.2 Market Forecast
    12.5    Middle East and Africa
        12.5.1 Market Trends
        12.5.2 Market Breakup by Country
        12.5.3 Market Forecast
13    SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14    Value Chain Analysis
15    Porters Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16    Price Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players
        17.3.1    Capgemini SE
           17.3.1.1 Company Overview
           17.3.1.2 Product Portfolio
           17.3.1.3 Financials
           17.3.1.4 SWOT Analysis
        17.3.2    Checkmarx Ltd.
           17.3.2.1 Company Overview
           17.3.2.2 Product Portfolio
        17.3.3    Cisco Systems Inc.
           17.3.3.1 Company Overview
           17.3.3.2 Product Portfolio
           17.3.3.3 Financials
           17.3.3.4 SWOT Analysis
        17.3.4    Contrast Security Inc.
           17.3.4.1 Company Overview
           17.3.4.2 Product Portfolio
        17.3.5    International Business Machines Corporation
           17.3.5.1 Company Overview
           17.3.5.2 Product Portfolio
           17.3.5.3 Financials
           17.3.5.4 SWOT Analysis
        17.3.6    Micro Focus International plc
           17.3.6.1 Company Overview
           17.3.6.2 Product Portfolio
           17.3.6.3 Financials
        17.3.7    Ntt Security Appsec Solutions Inc. (NTT Ltd.)
           17.3.7.1 Company Overview
           17.3.7.2 Product Portfolio
        17.3.8    Oracle Corporation
           17.3.8.1 Company Overview
           17.3.8.2 Product Portfolio
           17.3.8.3 Financials
           17.3.8.4 SWOT Analysis
        17.3.9    Qualys Inc.
           17.3.9.1 Company Overview
           17.3.9.2 Product Portfolio
           17.3.9.3 Financials
        17.3.10    Rapid7
           17.3.10.1 Company Overview
           17.3.10.2 Product Portfolio
           17.3.10.3 Financials
        17.3.11    Synopsys Inc.
           17.3.11.1 Company Overview
           17.3.11.2 Product Portfolio
           17.3.11.3 Financials
           17.3.11.4 SWOT Analysis
        17.3.12    Veracode
           17.3.12.1 Company Overview
           17.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Application Security Market: Major Drivers and Challenges
Figure 2: Global: Application Security Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Application Security Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Application Security Market: Breakup by Component (in %), 2021
Figure 5: Global: Application Security Market: Breakup by Type (in %), 2021
Figure 6: Global: Application Security Market: Breakup by Testing Type (in %), 2021
Figure 7: Global: Application Security Market: Breakup by Deployment Mode (in %), 2021
Figure 8: Global: Application Security Market: Breakup by Organization Size (in %), 2021
Figure 9: Global: Application Security Market: Breakup by Industry Vertical (in %), 2021
Figure 10: Global: Application Security Market: Breakup by Region (in %), 2021
Figure 11: Global: Application Security (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Application Security (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Application Security (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Application Security (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Application Security (Web Application Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Application Security (Web Application Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Application Security (Mobile Application Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Application Security (Mobile Application Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Application Security (Static Application Security Testing-SAST) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Application Security (Static Application Security Testing-SAST) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Application Security (Dynamic Application Security Testing-DAST) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Application Security (Dynamic Application Security Testing-DAST) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Application Security (Interactive Application Security Testing-IAST) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Application Security (Interactive Application Security Testing-IAST) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Application Security (Runtime Application Self-Protection-RASP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Application Security (Runtime Application Self-Protection-RASP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Application Security (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Application Security (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Application Security (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Application Security (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Application Security (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Application Security (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Application Security (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Application Security (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Application Security (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Application Security (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Application Security (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Application Security (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Application Security (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Application Security (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Application Security (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Application Security (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Application Security (Government and Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Application Security (Government and Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Application Security (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Application Security (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Application Security (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Application Security (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: North America: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: North America: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United States: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United States: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Canada: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Canada: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Asia-Pacific: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Asia-Pacific: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: China: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: China: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Japan: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Japan: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: India: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: India: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: South Korea: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: South Korea: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Australia: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Australia: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Indonesia: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Indonesia: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Europe: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Europe: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Germany: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Germany: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: France: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: France: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: United Kingdom: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: United Kingdom: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Italy: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Italy: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Spain: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Spain: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Russia: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Russia: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Latin America: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Latin America: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Brazil: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Brazil: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Mexico: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Mexico: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Others: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Others: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Middle East and Africa: Application Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Middle East and Africa: Application Security Market: Breakup by Country (in %), 2021
Figure 97: Middle East and Africa: Application Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Global: Application Security Industry: SWOT Analysis
Figure 99: Global: Application Security Industry: Value Chain Analysis
Figure 100: Global: Application Security Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Application Security Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Application Security Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Application Security Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Application Security Market Forecast: Breakup by Testing Type (in Million US$), 2022-2027
Table 5: Global: Application Security Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 6: Global: Application Security Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 7: Global: Application Security Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 8: Global: Application Security Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 9: Global: Application Security Market: Competitive Structure
Table 10: Global: Application Security Market: Key Players


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Key Questions Answered in This Report

The global application security market was valued at US$ 6.48 Billion in 2021.

We expect the global application security market to exhibit a CAGR of 17.60% during 2022-2027.

The rising utilization of application security across various enterprises, in ensuring optimal security of
the client data, generating workflow efficiency, and maintaining the application lifecycle, is primarily
driving the global application security market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing demand for application
security technique for protecting critical data, owing to the inflating risk of data vulnerability with the
rising adoption of remote working model and Bring Your Own Device (BYOD) model.

Based on the component, the global application security market has been segmented into solution and
services. Currently, solution holds the majority of the total market share.

Based on the type, the global application security market can be divided into web application security
and mobile application security, where web application security currently exhibits a clear dominance in
the market.

Based on the testing type, the global application security market has been categorized into Static
Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application
Security Testing (IAST), and Runtime Application Self-Protection (RASP). Among these, Static Application
Security Testing (SAST) currently accounts for the majority of the global market share.

Based on the deployment mode, the global application security market can be segregated into on-
premises and cloud-based. Currently, on-premises hold the largest market share.

Based on the organization size, the global application security market has been bifurcated into large
enterprises and small and medium-sized enterprises, where large enterprises currently exhibit a clear
dominance in the market.

Based on the industry vertical, the global application security market can be categorized into BFSI,
healthcare, IT and telecom, manufacturing, government and public sector, retail and e-commerce, and
others. Among these, the BFSI industry currently accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global application security market include Capgemini SE, Checkmarx
Ltd., Cisco Systems Inc., Contrast Security Inc., International Business Machines Corporation, Micro
Focus International plc, Ntt Security Appsec Solutions Inc. (NTT Ltd.), Oracle Corporation, Qualys Inc.,
Rapid7, Synopsys Inc., and Veracode.

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