Industry Background:
Static application security testing is a software that identifies sources of vulnerabilities. This software helps in analyzing the application source code, binaries, and other code. This software analyzes application from the inside out. This software easily integrates with the company’s existing systems.This growth is primarily driven by Growing Demand for Software that Requirement to Protect Enterprises Data
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Veracode (United States), Hewlett Packard Enterprises (United States), Synopsys (United States), IBM Corporation (United States), WhiteHat Security (United States), Qualys (United States), Checkmarx (Israel), Acunetix (Malta), Rapid7 (United States) and Trustwave (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2022 Veracode acquired Crashtest Security to improve web application security. Veracode acquired Crashtest Security to enhance existing DAST capabilities available as part of Veracode's ongoing software security platform and expand customer access globally.
In Dec 2019, BOSTON announced the launch of a new solution of rapid application security, which is an open-source vulnerability discovery tool. It is an ideal solution for businesses that rapidly deploy new application scanning capabilities. This company will gain an increase in its revenue and become more competent in the market.The market is strongly fragmented by key market-leading players who are highly focusing on new production technologies, improving efficiency and customer base. There are numerous growth opportunities in the market, that has been captured market-leading players by tracking and investing market optimal strategies.
Influencing Trend:
Increase in Market Competency and Rise in Investment in Research and Development
Market Growth Drivers:
Growing Demand for Software that Requirement to Protect Enterprises Data and Rising Demand from Third-Party Applications
Challenges:
High Cost Associated with its Deployment
Restraints:
Lack of Awareness Regarding Cybersecurity
Opportunities:
Increasing Smartphone Adoption and Evolution of IoT and Rapid Digitalization in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Static Application Security Testing Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Static Application Security Testing Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Static Application Security Testing Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Static Application Security Testing Software Study Sheds Light on
The Static Application Security Testing Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Static Application Security Testing Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Static Application Security Testing Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.