According to the research report titled ‘Global Application Security Market 2021-2028’, available with Market Study Report, global application security market is projected to register a year-over-year growth rate of 15.1% over the forecast period 2021-2028.
 

As per the report findings, increasing number of cyber breaches, rising inclination towards outsourcing IT solutions, and strict by-laws are promoting global application security market growth. Further, favorable government norms are unlocking new opportunities for businesses in this domain.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3855541/
 

On the contrary, lack of skilled professionals along with high costs associated with application security implementation are hindering market development
 

Based on solution, the market is split into web application security and mobile application security. Moving on to deployment, the industry is bifurcated into cloud and on-premise. Speaking of organization size, small and medium enterprise and large enterprise are the two market divisions.
 

With respect to testing type, SAST, IAST, DAST, and RASP are the key segments covered in the research literature. Proceeding to the end-user segmentation, the market is fragmented into government and defense, BFSI, IT & telecom, retail, manufacturing, and others.
 

On the regional front, key geographies defining the worldwide application security market size and scope are North America (U.S., Canada), Europe (Italy, France, Spain, Germany, Russia), Asia Pacific (India, China, Japan, ASEAN countries, Australia & New Zealand, South Korea), Latin America (Brazil, Mexico), and Middle East & Africa (United Arab Emirates, Turkey, South Africa, Saudi Arabia).
 

Asia Pacific market is touted to grow at a robust pace over the analysis period, largely creditable to upsurge in the number of connected devices and introduction of stringent security protocols, especially in China. For instance, China’s cybersecurity law mandates all network operators to store specific data and allow the authorities to conduct spot checks on an enterprise's network operations.
 

Elaborating on the competitive landscape, WhiteHat Security (NTT Security AppSec Solutions Inc.), Veracode Inc., Trustwave Holdings Inc., Synopsys Inc., SiteLock, Rapid7 Inc., Qualys Inc., Pradeo, Nsfocus Inc., IBM Corp., Hewlett Packard Enterprise Co., Contrast Security Inc., Checkmarx Ltd., and Acunetix Ltd. are major players influencing global application security industry dynamics.