According to the report, “Application Security Market, by Testing Type (Interactive Application Security Testing, Static Application Security Testing, Dynamic Application Security Testing), Component (Service, Solution), Organization Size (Small Enterprise, Medium Enterprise, Large Enterprise), Deployment Mode (On-Premise, Cloud-based), Vertical (Education, Telecom & IT, Healthcare, Retail, BFSI, Defence & Government), Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Global Opportunity Analysis and Industry Forecast, 2014 – 2022”, the global market for application security is expected to witness a healthy growth during the forecast period.

The global application security market report offers in-depth analysis of the growth trends and revenue forecasts for this market. It also offers detailed information about the market drivers, restraints, trends, segmentation, shares, and key players.

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According to the application security market report, the global market is expected to witness healthy growth by 2022. The report attributes this growth of the market to the rise in the security violations targeted at various business applications and rapid technological advancements.

The rising demand and technological advancements in the mobile and web-based applications are also expected to drive the global market. The strong rise in demand for Software as a Service (SaaS) application security solutions is also expected to create significant growth opportunities for the key market players.

The major restraining factors for the market include lack of skilled professionals and insecure cryptography storage.

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The high cost of deployment is also a major restraining factor for the growth of this market on the global scale.

The application security market report segments the global market by testing types, components, organization sizes, deployment modes, verticals, and geographic regions. The testing types include static application security testing, interactive application security testing, and dynamic application security testing.

The components include solutions and services. The organization sizes include medium enterprises, small enterprises, and large enterprises.

The modes of deployment include cloud-based and on-premise. The verticals include healthcare, telecom & IT, BFSI, education, retail, and government & defense.

The major geographic regions of the market include Asia-Pacific, Latin America, North America, Europe, and Middle East & Africa. According to the report, the North America region is expected to hold the largest market share, while Asia-Pacific is expected to grow at the fastest growth.

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The application security market report provides information about the key market players. These players include Acunetix, Checkmarx LTD, Cigital, Inc., Hewlett-Packard Enterprise Development LP, IBM Corporation, Qualys, Inc., Rapid7, Inc., Trustwave Holdings, Inc., Veracode, WhiteHat Security, and such others.

According to the report, the Asia-Pacific region is expected to create strong growth opportunities for the key players. The rising demand from the emerging markets is a strong driving factor for the key players in the market.

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