What is Application Protection Market Scope?
Rising need for measures during each phase of the software development lifecycle (SDLC) to protect the software and associated critical data is expected to witness high demand in the forecasted period. Application protection includes identifying, rectifying, and securing the security loopholes or stopping malicious attacks, throughout a particular code’s life cycle. In simple terms, application protection is the use of a set of software, hardware, and other means to protect an application from external attacks or threats. Rapid growth in the number of Internet of Things (IoT) based applications has been a supporting factor for the growth of the application protection market. Growing concerns related to the security breaches of business applications is also expected to give rise to application protection systems.
The Application Protection market study is being classified by Type (Solution [Web application security, Mobile application security] and Service [Professional services, Managed services]) and major geographies with country level break-up. According to AMA, the Global Application Protection market is expected to see growth rate of 17.5%
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Application Protection market throughout the predicted period.
Veracode (United States), Hewlett Packard Enterprises (United States), Synopsys (United States), IBM Corporation (United States), WhiteHat Security (United States), Qualys (United States), Checkmarx (Israel), Acunetix (Malta), Rapid7 (United States) and Trustwave (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are High-Tech Bridge (Switzerland), Contrast Security(United States), SiteLock (United States), Pradeo (France) and Fasoo (United States).
Analyst at AMA have segmented the market study of Global Application Protection market by Type, Application and Region.
On the basis of geography, the market of Application Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 19th March 2019, Oracle developed new advanced customer support which will help to thrive in the cloud. This will provide enhanced customers with cloud performance and compliance
Influencing Market Trend
- Need to Protect Enterprise Applications and Data
- Increasing Deployment of Third-Party Applications
- Rising Security Breaches the Business Application Level is Expected to Drive the Adoption
- High Demand due to Government Regulations
- Increasing Smartphone Adoption and Evolution of IoT
- Rapid Digitalization in Emerging Economies
- Lack of Awareness About Cybersecurity
- High Deployment Costs and Need to Quickly Deploy Applications to End-Users
Key Target AudienceGovernment Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
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