Market Scenario:
Market Research Future (MRFR) predicts the Application
Security Market Trends to surpass a valuation of USD 9 Billion from 2017 to 2023
(forecast period). The security breaches affecting business applications,
increasing use of mobile and cloud-based technologies, and strict compliance
and regulatory requirements for application security are key factors driving
the application security market's growth. Owing to an increase in demand for
Software as a Service (SaaS)-based application security solutions, the
application security market will have an immense opportunity to expand over the
next five years.
COVID-19 Analysis:
The business impact of
SARS-CoV-2 has been felt across diverse sections of the information technology
industry, albeit at different levels. Companies in the technology sector that
supply services for verticals like travel, retail, hospitality, and
entertainment have noted a dramatic decrease in sales, while the firms that
provide services related to remote worker solutions have observed the opposite.
Application Security Market’s fate post pandemic has been relatively less grim
compared to Education Services (ES) and Professional Services (PS) that are
mostly dependent on components that are generally on-site. Novel coronavirus
has Application Security Market to open new avenues for those firms that
are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The Application Security Market is bearing lesser impact of the
COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19
impact on managed services has been fruitful, with the market growth enhanced
than before. Given the prevalent lockdown situation, managed services vendors
are now investing heavily in remote-centric worker solutions, which can make
the market highly resilient in the coming years, even as the world is currently
rushing to achieve a COVID-19 breakthrough.
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Competitive Outlook:
Juniper Networks, Inc.
(U.S), Cisco Systems Inc. (U.S), Skyhigh Networks (U.S), Bitglass Inc. (US),
Fortinet, Inc. (U.S), Symantec Corporation (U.S), International Business
Machines Corporation (U.S), Microsoft Corporation (U.S), Palo Alto Networks,
Inc. (U.S), Netskope Inc. (U.S), CipherCloud (U.S), Trend Micro Inc. (Japan),
Zscaler (U.S), Proofpoint Inc. (U.S), CensorNet Ltd. (U.K), McAfee, Inc. (U.S),
and Oracle Corporation (U.S) among others are top-notch companies that are
operating in the cloud application security market as listed by MRFR.
Segmentation:
The segment evaluation of
the global cloud application security market is done by vertical, component,
and organization size.
The component-based
segment of the cloud application security global market are service and
solutions. The solution sub-segments are cloud application discovery,
data protection, threat protection, and analytics and reporting. The data
protection based sub-segments are data loss prevention, encryption, and
identity and access management. The cloud application discovery segments are cloud
application database and risk assessment. The analytics and reporting segments
are anomaly detection, cloud usage analytic, and log management. The threat
protection segments are event management, security information, and malware
detection and prevention. The services segments include training and education
service, consulting service, support services, and other. The organization
size-based segments of the cloud application security market are medium-sized
enterprises, small enterprises, and large enterprise. The vertical based
segments of the cloud application market are IT and telecom, healthcare, BFSI,
retail government and defines, and others.
Regional Analysis:
The trends of the global
cloud application security market is studied across APAC, EU, MEA, and North
America, following the Rest of the World. The cloud application security in the
North America region is expected to rise exponentially due to the increase in
the adoption of cloud application security solutions across major
tech-companies. The presence of effective cloud security infrastructure can
also support the expansion of the regional market. In Europe, the expansion of
the cloud application market can be attributed to rapid adoption of artificial
intelligence enabled solutions by the cloud application security market. In
addition, the rise in security breaches and the growing need to comply with
strict regulations is boosting the adoption of cloud application that can impel
the expansion of the market across the analysis period. The growing popularity
of cloud application security solutions, such as cloud application discovery,
data protection, threat protection, analytics and reporting, and others can
boost the cloud application security global market in the years to come.
Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
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Full Report Details @ https://www.marketresearchfuture.com/reports/application-security-market-3624
List of Tables
TABLE
1 LIST OF ASSUMPTIONS 19
TABLE
2 GLOBAL APPLICATION SECURITY MARKET, BY SOLUTION, 2020-2027 (USD MILLION) 32
TABLE
3 GLOBAL APPLICATION SECURITY MARKET, BY SERVICES, 2020-2027 (USD MILLION) 35
Continued…
List of Figures
FIGURE
1 GLOBAL APPLICATION SECURITY MARKET: MARKET STRUCTURE 18
FIGURE
2 RESEARCH PROCESS OF MRFR 21
FIGURE
3 TOP DOWN & BOTTOM-UP APPROACH 24
Continued…
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