Industry Background:
Rising need for measures during each phase of the software development lifecycle (SDLC) to protect the software and associated critical data is expected to witness high demand in the forecasted period. Application protection includes identifying, rectifying, and securing the security loopholes or stopping malicious attacks, throughout a particular code’s life cycle. In simple terms, application protection is the use of a set of software, hardware, and other means to protect an application from external attacks or threats. Rapid growth in the number of Internet of Things (IoT) based applications has been a supporting factor for the growth of the application protection market. Growing concerns related to the security breaches of business applications is also expected to give rise to application protection systems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
According to AMA, the market for Application Protection is expected to register a CAGR of 17.5% during the forecast period to 2028. This growth is primarily driven by Rising Security Breaches the Business Application Level is Expected to Drive the Adoption and High Demand due to Government Regulations.
Globally, a noticeable market trend is evident Need to Protect Enterprise Applications and Data
The Internet Software & Services sector in the North America 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. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In December 2022, -veracode acquired Germany-based software security tool, crashtest security. crashtest security developer-oriented dynamic application security testing (dast) product. This acquisition helped veracode to strengthened its presence in application protection market
On 19th March 2019, Oracle developed new advanced customer support which will help to thrive in the cloud. This will provide enhanced customers with cloud performance and compliance
Influencing Trend:
Need to Protect Enterprise Applications and Data and Increasing Deployment of Third-Party Applications
Market Growth Drivers:
Rising Security Breaches the Business Application Level is Expected to Drive the Adoption and High Demand due to Government Regulations
Challenges:
High Deployment Costs and Need to Quickly Deploy Applications to End-Users
Restraints:
Lack of Awareness About 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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Application Protection Market
- Analysis about New Entrants in Application Protection Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Application Protection Study Sheds Light on
The Application Protection Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Application Protection industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Application Protection 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.