Application Security Testing Market Evolving Technology By 2025

Application Security Testing or (AST) is a basic segment of application security and the foundation of any product security activity. Application security is used for protecting applications from external threats of software and hardware. Owing to rise in security breaches targeting enterprise applications, organizations across the globe are installing application security solutions to protect their web and mobile applications. The key factors driving the application security testing market are the rising need to protect organization’s applications and information from sophisticated application layer attacks, obligation to adhere to government regulations, and growing usage of third party applications. Thus, companies are adopting modern application security testing solutions, which are basically classified into dynamic, static and interactive application security testing.

The market for application security testing is segmented into five categories: by component, by testing type, deployment mode, organization size and by industry. By component, the market of application security testing is segmented by solution and services. Solution component is further segmented by web application security and mobile application security. By services component, the market of application security testing is further segmented by professional services and managed services. Professional services, which includes consulting, training and education and support services. In terms of testing type, the global market for application security testing is segmented by interactive application security testing, static application security testing and dynamic application security testing. By deployment mode, the market is segmented by cloud and on premises. The cloud-based deployment mode held the largest market share in application security testing market in 2016. Owing to the factor such as easy manageability, cost effectiveness, and others is the key reasons for the high adoption of cloud-based solutions.

In terms of organization size, the market for application security testing is segmented by large enterprise and small and medium enterprise. By industry, the global market for application security testing is segmented by banking financial service and insurance, government and defense, IT and telecom, retail, healthcare, and education among others. In the industry segment, the government and defense segment held the largest market share in 2016. However, it is expected to be outrun by the Banking, Financial Services, and Insurance sector l by the end of the forecast period. Rising usage of mobile and web applications for financial transactions make the banking, financial and insurance a lucrative target for attackers and thus, attracting higher adoption of modern application security solutions.

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By geography, the global application security testing market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America application security testing held the largest market share in 2016 due to developed economies of the U.S. and Canada, and also there is a high adoption of new technology and they focused on innovations obtained from R&D. Asia-Pacific (APAC) application security testing market is expected to grow at the highest CAGR during the forecast period. The growth in this region is attributed by rising digitalization and growing smart phone users. Middle East and Africa has shown a remarkable growth in mobile BPMmarket followed by Latin America in recent years.

The key players participating in the application security testing market is marked by strong competition from the key players operating in this industry. Numerous merger and acquisition, joint venture and partnership agreement, product innovation, research and development and geographical extension are some of the key strategies adopted by this player to ensure long-term sustenance in these market key participants in the global application security testing industry include are HPE (California, U.S.), Veracode (Massachusetts, U.S.), IBM (New York, U.S.), Synopsys (California, U.S.), Qualys (California, U.S.), WhiteHat Security (California, U.S.), Checkmarx (Tel Aviv, Israel), Rapid7 (Massachusetts, U.S.), Acunetix (St Julians, Malta), Trustwave ( Illinois, U.S.), Contrast Security (California, U.S.), High-Tech Bridge (Geneva, Switzerland), SiteLock

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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