Technology Research Reports Application Security Market

Application Security Market Analysis, Size, Growth, Share &
Forecast to 2025 | Grand View Research Inc.
“Application Security Market Worth $10.7 Billion By 2025 | CAGR: 17.7%”
The global application security market is expected to reach USD 10.7 billion by 2025, according to a new
report by Grand View Research, Inc. Increasing targeted attacks on the applications is anticipated to be a
major factor that is expected to drive market growth. In addition, BYOD adoption in the organizations that are
deploying application security services and solutions to protect against potential threats has contributed to the
market demand.
DAST (Dynamic Application Security Testing) is expected to significantly contribute to the market revenue, with
a market size of over USD 4 billion by 2025. It delivers various advantages that include comprehensive
vulnerability coverage, false positive reduction, entire code coverage that comprises the frameworks and
libraries, and zero process disruption.
Web application solution was the largest application security market in 2015 valued at USD 1.75 billion and is
expected to observe declining growth over the forecast period. Mobile application solution market is expected
to grow at a CAGR of 25.9% from 2016 to 2025.
Government agencies hold, access, and manage large amounts of sensitive data. The government and
defense vertical, currently is susceptible to major cyber-attacks and security breaches. According to Veracode
report, three out four application used by government agencies does not meet basic security compliances
thereby by creating high opportunity for market vendors. The market for government and defense segment is
expected to grow at a CAGR of 18.3% between 2016 to 2025. The market is also anticipated to witness a
substantial growth in the BFSI vertical, IT and telecom and healthcare over the forecast period.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/application-security-market
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