Application security market is anticipated to grow at a CAGR of 17.2% during the forecast period. The adoption of artificial intelligence and machine learning in the web and mobile application security process is expected to increase demand for the application security market during the forecast period. The increasing role of AI and ML in application testing security is offering new opportunities to the market. The adoption of AI and ML is pushing market players to launch AI-based application security which will further contribute to the market growth during the forecast period. For instance, in May 2021, APIsec launched AI-Based application security which helps to automate API penetration testing, providing continuous visibility and complete test coverage.
Get Free Sample link @ https://www.omrglobal.com/request-sample/application-security-market
Among the end-users, the BFSI sub-segment is expected to hold a prominent market share during the forecast period. Banks and other financial institution stores a large amount of personal and sensitive data of customers such as customers’ financial transaction details, payment information, card details, and more. Application security solutions help BFSI sectors to protect the organization from threats, digital frauds, and vulnerabilities which in result the industry implementing application security features further driving the market growth. For instance, in August 2021, the State Bank of India (SBI) launched a new security feature, ‘SIM Binding’ in its digital banking platform YONO and YONO Lite. According to the bank, these new features will help customers by protecting them from different kinds of digital fraud. Additionally, ‘With the SIM Binding feature, YONO and YONO Lite will work only on those devices which have SIM mobile numbers registered with the bank.
full report of Application Security Market available @ https://www.omrglobal.com/industry-reports/application-security-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Application Security Market Report Segment
By Component
- Software
- Services
By Type
- Web Application Security
- Mobile Application Security
By Deployment
- Cloud
- On-Premise
By End-Users
- BFSI
- Healthcare
- IT and Telecom
- Government
- Retail & E-commerce
- Others
Global Application Security Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global application security market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/application-security-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
