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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
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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