Application Security Market Size to Grow by 25.55%, Application Software Market to be Parent Market -Technavio
NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The global application security market has been categorized as a part of the global application software market. The global application software market covers companies that are engaged in producing and developing software designed for specialized applications for the business or consumer market. The market includes enterprise and technical software as well as cloud-based software, but it excludes companies classified in the interactive home entertainment sub-industry and companies producing systems or database management software classified in the systems software sub-industry. The growth of the global application software market will be driven by factors such as the increasing adoption of analytics in enterprises, increasing software investments by SMEs, and the growing adoption of cloud- and subscription-based software. However, the growth will be challenged by factors such as the availability of open-source applications, data security concerns, and data integration issues.
The application security market size is expected to grow by USD 16.68 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 25.55% during the forecast period, according to Technavio. The growing number of data leaks is driving the application security market growth. However, factors such as threats from open-source application security solutions may challenge market growth.
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Application Security Market 2022-2026: Scope
The application security market report covers the following areas:
The application security market is fragmented. Vendors are deploying growth strategies such as upgrading their existing solutions and launching new application security solutions to compete in the market. We provide a detailed analysis of around 25 vendors operating in the application security market, including Broadcom Inc., Capgemini Service SAS, Checkmarx Ltd., Contrast Security Inc., Dynatrace Inc., F5 Networks Inc., Fortinet Inc., Fasoo, ImmuniWeb SA, Hewlett Packard Enterprise Co., Invicti Security Ltd., International Business Machines Corp., PRADEO Security Systems SAS, NTT Corp., Rapid7 Inc., Qualys Inc., Sitelock LLC, Singapore Telecommunications Ltd., Synopsys Inc., and Trend Micro Inc.
CAGR of the market during the forecast period of 2022-2026
Detailed information on factors that will help the application security market grow during the next five years
Estimation of the size of the application security market and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the application security market
Analysis of the competitive landscape of the market and detailed information on vendors
Comprehensive details about factors that will challenge the growth of vendors in the application security market
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Application Security Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 25.55%
Market growth 2022-2026
USD 16.68 billion
Market structure
Fragmented
YoY growth (%)
24.68
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 46%
Key consumer countries
US, Canada, China, UK, Russia, and France
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Broadcom Inc., Capgemini Service SAS, Checkmarx Ltd., Contrast Security Inc., Dynatrace Inc., F5 Networks Inc., Fasoo, Fortinet Inc., Hewlett Packard Enterprise Co., ImmuniWeb SA, International Business Machines Corp., Invicti Security Ltd., NTT Corp., PRADEO Security Systems SAS, Qualys Inc., Rapid7 Inc., Singapore Telecommunications Ltd., Sitelock LLC, Synopsys Inc., and Trend Micro Inc.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources
11.5 List of abbreviations
Exhibit 139: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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