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According to MarketsandMarkets, the Application Security market is set to grow significantly. It's expected to be worth around USD 33.7 billion in 2024 and increase to about USD 55.0 billion by 2029 at a CAGR of 10.3% during the forecast period.

The market is poised for significant growth, fueled by a rise in security breaches targeting business applications, increased use of mobile and cloud technologies, and supportive government regulations. The emergence of advanced technologies like AI and ML and the growing need to protect critical data privacy presents numerous opportunities for application security providers.

What is Application Security?

As per VMware, Inc., ‘Application security is the process of developing, adding, and testing security features within applications to prevent security vulnerabilities against threats, such as unauthorized access and modification.’

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Top Application Security Companies includes;

The major Application Security companies include IBM(US), HCL(India), Synopsys(US), Microfocus(UK), Capgemini(France), Onapsis (US), Cloudflare(US), Guard square(Belgium), Checkmarks(US), Fortinet(US), Checkpoint (Israel), Broadcom (US), Palo Alto Networks (US), Qualys (US), Rapid7 (US). These players have captured a significant market share % by incorporating a high product footprint and efficient business strategy excellence.

IBM:

• IBM provides a comprehensive suite of application security services to protect applications throughout the development lifecycle. These services include penetration testing to uncover vulnerabilities through simulated attacks and security training for developers to help them write secure code from the beginning. Emphasizing a DevSecOps approach, IBM integrates security into every stage of the software development lifecycle, allowing early detection and resolution of vulnerabilities, which is both more efficient and cost-effective. IBM also promotes a "shift-left" strategy, encouraging the incorporation of security measures early in the development process to prevent the introduction of vulnerabilities. Their application security solutions assist organizations in adhering to industry regulations and data privacy standards, which often have specific application security requirements.

Rapid7:

• Rapid7 provides a range of security testing tools designed to help organizations identify and address vulnerabilities in their applications. These tools can scan code for common weaknesses, test web applications for vulnerabilities, and assess the security of cloud environments. Rapid7’s solutions support the entire vulnerability management lifecycle, from identifying vulnerabilities and prioritizing remediation efforts to tracking the progress of fixes. Their automated penetration testing tools streamline the simulation of cyberattacks, allowing for more efficient vulnerability testing. Rapid7 also offers a Security Orchestration and Automation (SOAR) platform, which automates security workflows, including tasks related to application security. This platform helps organizations streamline the identification, investigation, and remediation of vulnerabilities, enhancing overall security efficiency.

HCL Technologies (India)

• HCL Technologies is a multinational IT services and consulting company headquartered in Noida, India. It provides a wide range of services including application security, IT consulting, enterprise transformation, remote infrastructure management, engineering, R&D, and business process outsourcing.
• HCL offers comprehensive application security services that include secure software development, vulnerability management, security testing, risk assessments, and compliance management.

Synopsys (US)

• Synopsys is a leading American company in the field of electronic design automation (EDA) and semiconductor intellectual property (IP). It is based in Mountain View, California. Synopsys is also a significant player in software security and quality solutions.
• Synopsys provides an extensive suite of application security tools and services, including static analysis (SAST), dynamic analysis (DAST), software composition analysis (SCA), and penetration testing. Their offerings help identify and remediate vulnerabilities throughout the software development lifecycle.

Micro Focus (UK)

• Micro Focus, headquartered in Newbury, UK, is a global enterprise software company. It provides software solutions for IT management, cybersecurity, and information management among other domains.
• Micro Focus offers Fortify, a set of tools for application security testing, including static, dynamic, and mobile application security testing. These tools help organizations secure their applications from development through deployment.

Capgemini (France)

• Capgemini is a global leader in consulting, technology services, and digital transformation. Based in Paris, France, it operates in over 50 countries and employs more than 270,000 people.
• Capgemini provides a range of cybersecurity services, including application security. Their services encompass secure software development practices, application security assessments, vulnerability management, and compliance assurance.

Onapsis (US)

• Onapsis is a US-based company specializing in cybersecurity and compliance solutions for business-critical applications. It is headquartered in Boston, Massachusetts.
• Onapsis focuses on securing ERP, CRM, and other enterprise applications, particularly those from SAP and Oracle. Their solutions provide vulnerability management, threat detection, and compliance automation for critical business applications.

According to MnM's approach to evaluating the market, the application security market is experiencing significant growth due to the increasing reliance on applications and the rising threat of cyberattacks. Businesses are prioritizing application security to combat the growing frequency and sophistication of cyber threats. The widespread adoption of cloud-based applications requires strong security measures tailored to cloud environments. Stricter data privacy regulations, such as GDPR and CCPA, are also driving the need for better application security practices. Organizations are adopting a "shift-left" approach, integrating security early in the development lifecycle to prevent vulnerabilities. The increasing use of APIs brings new security challenges, boosting the demand for API security solutions. The market is expected to continue growing robustly in the coming years, driven by the evolving threat landscape, tighter regulations, and the rising adoption of cloud and mobile applications. Emerging trends like the integration of AI and machine learning in application security solutions will further shape the market landscape.

Related Reports:

Application Security Market Size, Share, Growth Analysis by Component (Solution (Security Testing Tools, Container Security, API Security & Others), Service), Type, Deployment Mode, Organization Size, Vertical and Region - Global Industry Forecast to 2029