Application Security Market by Component (Software Tools, Services), Type (Web Application Security, Mobile Application Security), Deployment Mode, Organization Size, End User (Retail, Healthcare, Manufacturing, and Others)?Global Forecast to 2028

The research report titled "Application Security Market by Component (Software Tools, Services), Type (Web Application Security, Mobile Application Security), Deployment Mode, Organization Size, End User (Retail, Healthcare, Manufacturing, and Others)?Global Forecast to 2028", provides in-depth analysis of the application security market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecast till 2028. The global application security market is expected to reach $5.5 billion by 2028, growing at a CAGR of 7.6% during the forecast period of 2021–2028. The growth of this market is mainly attributed to the growing need for application security in the banking sector, rising data breaches in business applications, favorable government regulations, and increasing demand for SaaS based mobile application security.


This study offers a comprehensive analysis of the global application security market. The global application security market is segmented by component (software tools, services), type (web application security, mobile application security), deployment mode (on-premises, cloud), organization size (SMEs, large enterprises), and end user (BFSI, manufacturing, healthcare, retail, government, education, media & entertainment, IT & telecom, energy & utilities, other end user). The study also evaluates industry competitors and analyses the market at the country level.

Based on component, the service segment is expected to register the fastest growth rate over the forecast period. The high growth rate of this segment is mainly driven by the rising need to improve business processes and optimize enterprise performance and the growing adoption of integrated security services. Also, the wide adoption of application security services across the retail and BFSI sectors results in the increased demand for consulting services, training & support services, and integration services, further augmenting this segment’s growth rate during the forecast period.

Based on end user, the retail sector commanded the largest share of the application security market in 2021. The constant evolving threats in the retail sector, the rise of e-commerce platforms, and the growing demand for securing online payments are the major factors driving the growth of the retail segment. However, the healthcare sector is expected to register the fastest growth rate during the forecast period.

Based on geography, the application security market is segmented into five major geographies?North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

In 2021, North America commanded the largest share of the application security market. However, Asia-Pacific is expected to witness rapid growth during the forecast period. This region’s high market growth rate is mainly driven by the increasing adoption of advanced technologies across a wide range of industries in countries such as China, Japan, and India to counter rising labor costs, supportive government initiatives across the region, and investments by major application security companies.

The global application security market is consolidated and dominated by a few major players, namely Synopsys, Inc. (U.S.), Acunetix (Malta), Micro Focus International plc. (U.K.), F5 Networks, Inc. (U.S.), Veracode, Inc. (U.S.), IBM Corporation (U.S.), Snyk Limited (U.K.), Rapid7, Inc. (U.S.), NowSecure (U.S.), Qualys, Inc. (U.S.), Fortinet, Inc. (U.S.), Checkmarx Ltd. (Israel), Imperva, Inc. (U.S.), Data Theorem, Inc. (U.S.), NTT Security AppSec Solutions Inc. (U.S.), Lookout, Inc. (U.S.), VMware, Inc. (U.S.), and Pradeo (France).

Key questions answered in the report:

  • Which are the high-growth market segments in terms of the components, types, deployment mode, organization size, end user, and country?
  • What is the historical market for application security across the globe?
  • What are the market forecasts and estimates from the period of 2021–2028?
  • What are the major drivers, restraints, and opportunities in the global application security market?
  • Who are the major players in operating the global application security market and what shares of the market do they hold?
  • Who are the major players in various countries and what shares of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global application security market?
  • What are the different strategies adopted by the major players in the global application security market?
  • What are the geographical trends and high-growth countries?
  • Who are the local emerging players in the global application security market and how do they compete with the other players?


Scope of the Report:
Application Security Market, by Component

  • Software Tools


o Static Application Security Testing (SAST)
o Dynamic Application Security Testing (DAST)
o Interactive Application Security Testing (IAST)
o Software Composition Analysis (SCA)
o Other Software Tools (Runtime Application Self Protection, Serverless Protection)

  • Services


o Professional Services
? Consulting services
? System Integration Services
? Training and Maintenance Services
o Managed Services
Application Security Market, by Type

  • Web Application Security
  • Mobile Application Security


Application Security Market, by Deployment Mode

  • On-Premises
  • Cloud


Application Security Market, by Organization Size

  • Large Enterprises
  • SMEs


Application Security Market, by End User

  • BFSI
  • Retail
  • Government
  • Healthcare
  • IT & Telecom
  • Education
  • Energy & Utilities
  • Media & Entertainment
  • Manufacturing
  • Others (Agriculture, Defense, Transportation & Logistics, etc.)


Application Security Market, by Region

  • North America


o U.S.

o Canada

  • Europe


o UK
o Germany
o France
o Italy
o Spain
o Sweden
o Rest of Europe

  • Asia-Pacific


o China
o Japan
o India
o South Korea
o Australia and New Zealand
o Rest of Asia-Pacific

  • Latin America


o Brazil
o Mexico
o Rest of Latin America

  • The Middle East and Africa


o Saudi Arabia
o UAE
o Israel
o Rest of MEA