“The Application Security Market Research Report 2018-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The Application Security market is forecast to grow at a CAGR of over 25%, during the forecast period (2018-2023).
Companies Include are: IBM CORPORATION, ORACLE CORPORATION, MICRO FOCUS, CHECKMARX LTD., VERACODE (CA TECHNOLOGIES), SYNOPSYS, INC., WHITEHAT SECURITY, INC., RAPID7, QUALYS, INC., SITELOCK, LLC., CONTRAST SECURITY, POSITIVE TECHNOLOGIES, and FASOO.COM, INC., amongst others.
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The Application Security Market has peaked in the past decade and a half with increased penetration of mobile and web applications across various industry verticals. There have been multiple factors which include technological advancements and these advancements being relevant not only to one or two industry verticals, but across almost all industries. As the technology improved, the attackers also discovered new interfaces to breach the security, which in turn enhanced the need for Application Security.
Key Developments in the Market
May 2018: Comba Telecom completed the successful deployment of distributed antenna systems (DAS) for Bangkoks metro system.
November 2017: Checkmarx, Ltd. partnered with the IT provider, TeraMach which operates in Canada. This will allow TeraMach to expand its portfolio and offer its customers application security solutions.
September 2017: Micro Focus completed the merger with HPE software thus making the merged entity the largest company listed on London Stock Exchange with a revenue of USD 4.4 billion
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Role of Government regulations
The governments of various nations are yet to realize the importance of application security and regulations pertaining to it. But the number is gradually increasing.Twenty-six nations already have regulations pertaining to this particular industry and other economies are also realizing it importance as the penetration of these applications increases not only on the customer facing interfaces, but also for the enterprises, especially SMEs. Due to lack of sufficient they are unable to maintain certain preventive measures which should be compensated via government regulations in order to maintain a level playing field. Not only the governments, but also various other bodies that define standards such IEEE, OWASP, and ISO are coming up with standards, which if complied with can reduce the number of vulnerabilities for the organizations.
Growing application security needs in Asia-Pacific
The region has experienced sudden growth with respect to various technologies, applications being one of them. This has been triggered various factors. One the core reason is the growing penetration of smartphones. This has been the consequence of some great marketing (by Xiaomi) and accessibility of lucrative brands. This increase has been coupled with various other factors like reduced cost for latest access technologies, especially LTE. The slashed prices of LTE in the region have been fueled by intense competition among the mobile network operators as they are facing competition from technology players providing over the top services.
The report has 150 tables and figures browse the report description and TOC:
Influence of the Application Security market report:
-Comprehensive assessment of all opportunities and risk in the Application Security market.
– Application Security market recent innovations and major events.
-Detailed study of business strategies for growth of the Application Security market-leading players.
-Conclusive study about the growth plot of Application Security market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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