Latest News- Application Security Market: On-premises is expected to lead the Deployment segment during 2025-2029

The Application Security Market is being driven by Growing number of data leaks

The Application Security Market is expected to grow at a CAGR of 21.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 21901.3 million. Shadow IT refers to unauthorized digital solutions utilized by enterprises for communication and collaboration purposes, despite not receiving explicit approval from management. Examples of such tools include Slack, Google Docs, and Evernote. The proliferation of Internet of Things (IoT) devices connecting to corporate networks without adequate security policies is one significant factor fueling the adoption of shadow IT. Another contributing factor is the increasing prevalence of cloud-based services, which offer greater scalability and enable businesses to bypass lengthy IT procurement processes and instantly access technology solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • On-premises
  • Cloud
• End-user
  • Web application security
  • Mobile application security
  • Web application security
• Component
  • Solution
  • Service
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing number of data leaks
• Increase in demand for cloud-based application security solutions
• Need to comply with regulatory policies

However, the market also witnesses some limitations, which are as follows:

• Threat from open-source application security solutions
• Security issues associated with integration of third-party applications
• Need for continuous upgrades due to advances in security threats

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Market Scope in Application Security Market Research Report

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Research Analysis Overview

The Application Security Market is experiencing significant growth due to the increasing number of security breaches and cybersecurity threats targeting business applications. With the rise of software development, SMEs must prioritize customer data security, protecting sensitive information from hackers exploiting application vulnerabilities. AI and ML technologies, such as those used by Bionic Signals, are crucial in identifying and mitigating threats through big data analytics and AI-driven methods. Digital infrastructure securing business-critical programs requires addressing third-party dependencies, patching apps, and securing data sharing on mobile devices, IoT, online apps, and internet access.

Market Research Overview

The application security market is a significant segment of the global IT software industry, focusing on safeguarding business applications from cyber threats. This market caters to the needs of Software Development Companies (SDCs), Small and Medium Enterprises (SMEs), and large organizations, ensuring customer data security and protecting sensitive information. Technavio's market analysis encompasses businesses specializing in application security solutions, including those based on Artificial Intelligence (AI) and Machine Learning (ML) technologies. Our market size estimation is derived from the consolidated revenue of these entities, encompassing both on-premises and cloud-based offerings, while excluding those classified under interactive home entertainment or systems software.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/