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.
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Additionally, in February 2018, SEWORKS announced Pentoma, the AI-powered penetration testing tool that allows software developers to conduct smart hacking attacks and efficiently pinpoint security vulnerabilities in web apps and servers. SEWORKS’ Pentoma conducts penetration or pen tests driven by artificial intelligence which helps in improving and expanding threat detection capability.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- 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.
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