Application Security Market

Market Leader - Application Security Market

Application security solutions and services protect applications, both web and mobile, from any form of cyber-attack by detecting and remediating hidden vulnerabilities. These solutions are offered in the form of 3 security testing techniques, namely, Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), and Interactive Application Security Testing (IAST). The testing results can be integrated with other security systems, such as Security Information and Event Management (SIEM), Web Application Firewall (WAF), Integrated Development Environments (IDEs), and bug tracking tools, to provide enhanced levels of application security. MarketsandMarkets expects the global application security market to grow from USD 2.79 Billion in 2017 to USD 9.0 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.4%. The market is driven by the need to protect IT infrastructure from sophisticated application layer attacks, increased deployment of third-party applications that are often unsecure, and necessity to adhere to government regulations.

The major application security testing service providers include Veracode (Massachusetts, US), HPE (California, US), Synopsys (California, US), IBM (New York, US), WhiteHat Security (California, US), Qualys (California, US), Checkmarx (Tel Aviv, Israel), Acunetix (St Julians, Malta), Rapid7 (Massachusetts, US), Trustwave (Illinois, US), High-Tech Bridge (Geneva, Switzerland), Contrast Security (California, US), SiteLock (Arizona, US), Pradeo (Paris, France), and Fasoo (New Jersey, US). New product launches and partnerships are the key strategies majorly adopted by the market players to offer feature-rich products and services to their customers and penetrate deeper into uncatered regions.

HPE is amongst the leading providers of application security solutions to a variety of industry verticals across the globe. The company has a noteworthy presence in many countries across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It is one of the few vendors who offer all types of application security testing solutions that can be availed on-premises or through the cloud. HPE is determined to offer complete application security solutions through internal Research and Development (R&D) as well as through its strong partner ecosystem. In September 2016, HPE unveiled the HPE Fortify Ecosystem, an online marketplace, and Fortify on Demand (FoD), a continuous application monitoring service. The release of these 2 services allows organizations to develop secure applications in the fast-paced Software Development Life Cycle (SDLC).

High-Tech Bridge is another key application security solutions and services vendor that offers its services across various industry verticals. The company is gaining traction in the market due to its unique application security testing solutions that are  based on machine learning. In 2016 and 2017, High-Tech Bridge entered into strategic partnerships with various leading cybersecurity solutions and services providers, such as Barracuda Networks, PwC Singapore, Imperva, and F5 Networks, to enhance its offerings and increase its customer base. In March 2017, the company released application security testing solutions for mobile applications to leverage high-growth opportunities in the mobile applications security market segment.

Related Reports:

Application Security Market by Component (Solutions, Services), Solution (Web Application Security, Mobile Application Security), Testing Type (SAST, DAST, IAST), Deployment Mode, Organization Size, Industry Vertical, Region - Global Forecast to 2022

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Report Code
TC 4283
Published ON
May, 2017
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