The application security market was valued at USD 33.7 billion globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% over the course of the forecast period. The world is becoming more and more dependent on applications as a result of this and the growing threat of cyberattacks everywhere. New security issues are brought about by the extensive use of microservices and APIs in contemporary application architectures. Real-time threat detection is made possible by artificial intelligence and machine learning technologies, which improve application security.

The necessity for thorough security measures to safeguard digital assets has grown as a result of the acceleration of digital transformation initiatives and the greater reliance on applications.

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Growth Drivers

The necessity for strong application security measures has been highlighted by the rising frequency and complexity of cyberattacks that target commercial applications. Vulnerabilities have been brought to light by high-profile breaches, which has led businesses to invest in sensitive data protection solutions. DevSecOps, the technique of integrating security into DevOps, guarantees that security is ingrained throughout the software development life cycle.

New security issues have emerged as a result of the extensive use of application programming interfaces in contemporary applications. Because cloud environments provide scalable, on-demand IT resources, the movement of applications to them has revolutionized industries. Organizations are required to put strong security measures in place by strict data protection laws including the CCPA, GDPR, and HIPAA.

Segmentation

By Deployment

·         Cloud

·         On-Premise

By Type

·         Mobile Application Security

·         Web Application Security

By Enterprise Type

·         SMEs

·         Large Enterprises

By End-User Segmentation

·         IT and Telecom

·         BFSI

·         Healthcare

·         Government

·         Retail and E-commerce

·         Manufacturing

·         Others

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         IBM

·         HCL

·         Synopsys

·         Capgemini

·         Onapsis

·         Rapid 7

·         Fortinent

·         Broadcom

·         Microfocus

·         Cloudfare

·         Guardsquare

·         Qualys

·         Checkmark

·         TCS

·         Infosys

·         Wipro

·         Other Players

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