Original Post: Application Security Market — A Growth Trajectory | by Rhea Jackson | May, 2024
The Application Security Market is projected to grow from $6.2 billion to $13.2 billion at a CAGR of 16.1% over the forecast period, driven by increased security breaches targeting business applications, mobile and cloud technology adoption, and favorable government regulations. This growth is further influenced by technological advancements, digital technology penetration, and the BYOD trend.
Key highlights:
- Mobile application security is poised to grow rapidly, ensuring data confidentiality and business process visibility.
- Cloud deployment is the fastest-growing model, particularly among SMEs, due to its cost-effectiveness and centralized security for web and mobile applications.
- North America is expected to hold the largest market size, owing to its developed economies and presence of major market players like IBM, WhiteHat Security, and Veracode.
Key players and contact details:
- IBM Corporation, HCL Software, Cisco Systems, Synopsys, Checkmarx, Veracode, MicroFocus, WhiteHat Security, Capgemini, Rapid7, Onapsis, GitLab, CAST Software, Contrast Security, among others.
- For more information and inquiries, contact Aashish Mehra at MarketsandMarkets™ INC, Northbrook, IL, USA, or visit their website.
About MarketsandMarkets™:
- Recognized as one of America’s best management consulting firms by Forbes.
- They specialize in growth consulting and program management, leveraging emerging technologies for B2B clients.
- Their AI-powered Market Intelligence Cloud, KnowledgeStore™, assists in understanding industry revenue shifts.
For detailed insights, visit the MarketsandMarkets website or consult their press release.
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