According to the research report titled ‘GLOBAL Application Security Market 2021-2028’, available with Market Study Report, global application security market is anticipated to expand at 15.1% CAGR between 2021-2028.
 

Surging number of cyber breaches, strict regulatory outlook and increasing preferences towards outsourcing information technology services are leading factors stimulating global application security market growth. Moreover, favorable government regulations will spur industry growth in the upcoming years.
 

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While growing number of mobile payments and increasing adoption of third-party applications will aid industry proliferation, budget limitations for implementation and high concerns over limited expertise in the field are poised to hinder market expansion.
 

Based on solutions type, worldwide application security industry is bifurcated into web application security and mobile application security. Speaking of services, the market space is divided into managed and professional. As per deployment, the business sphere is segregated into cloud and on-premise.
 

By organization size, the market is categorized into small & medium enterprises and large enterprises segments. As per testing types, global application security market sphere is fragmented into IAST, SAST, RASP, DAST, and others.
 

Moving on to end user spectrum, the market is classified into healthcare, BFSI, government & defense, retail, IT & Telecom, Manufacturing, and others.
 

From the regional frame of reference, Asia Pacific application security market is anticipated to record the highest CAGR between 2021-2028. Rising number of connected devices in China and supportive government laws to strengthen security protocols are key factors contributing to the regional market growth.
 

Key players profiled in the global application security market report are Acunetix, WhiteHat Security Inc., Checkmarx, Hewlett Packard Enterprise Company, Trustwave Holdings, Contrast Security Inc., International Business Machines Corporation, NSFocus Inc., Qualys Inc., Synopsys Inc., Pradeo, SiteLock, and Rapid7 Inc.