DUBLIN, March 5, 2019 /PRNewswire/ -- The "Global Application Security Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The analysts have predicted that the application security market will register a CAGR of close to 26% by 2023.
The vendors in the market are offering cloud-based application security solutions to leverage the growing demand. Cloud-based solutions are less expensive than on-premises solutions. They do not require the actual installation of hardware and software, as they are maintained at the vendor's data center from where they can be accessed by enterprises on a subscription basis.
Thus, the cloud-based model is very useful for SMEs, as it allows them to use application security solution at a low cost. The deployment of a cloud-based application security solution is easier and less time consuming than that of the on-premises application security solution. Hence, the return on investment (ROl) is quicker in the cloud-based application security solution.
Growing number of data leaks
Cyber thefts by hackers and cybercrimes are growing at alarming rate. The data leaks and files stolen by hackers is rising globally. Hence, the application security helps enterprises to review the critical areas of concern within their environment and provides insights and offers tools to defend against these attacks. It will also focus on recovery and the importance of preparing for data loss.
Need for continuous upgrades due to advances in security threats
There is an increase in the number and sophistication of security threats recently. The sophistication of security threats makes it difficult for application security solutions to identify them reliably. Due to the growing advances in security threats, vendors need to continuously upgrade their application security solutions, which will incur additional costs. This is expected to lima the growth of the market.
The application security market appears to be fragmented and with the presence of several companies. The vendors in this market are offering cloud-based application security solutions to cater to the growing demand from various sectors. For instance, IBM offers IBM Application Security on Cloud that helps in mitigating security risks for cloud, web, and mobile applications. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
The key players in the global application security market are Broadcom, Hewlett Packard Enterprise Development LP, IBM, Singtel, Synopsys, Inc.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY SOLUTION
- Market segmentation by solution
- Comparison by solution
- Web application security - Market size and forecast 2018-2023
- Mobile application security - Market size and forecast 2018-2023
- Market opportunity by solution
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
- Landscape disruption
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Hewlett Packard Enterprise Development LP
- Synopsys, Inc.
PART 13: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/spkfgp/global?w=5
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