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Application Security Market Worth 6.77 Billion USD by 2021PUNE, India, May 9, 2016 /PRNewswire/ -- According to a new market research report, "Application Security Market by Component (Solutions, Services), Solutions (Web Application Security, Mobile Application Security), Testing Type (SAST, DAST, IAST), Deployment Mode, Organization Size, Vertical, Region - Global Forecast to 2021", published by MarketsandMarkets, the global market size is estimated to grow from USD 2.24 Billion in 2016 to USD 6.77 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.8% from 2016 to 2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 78 market data Tables and 47 Figures spread through 156 Pages and in-depth TOC on "Application Security Market" http://www.marketsandmarkets.com/Market-Reports/application-security-market-110170194.html Early buyers will receive 10% customization on this report. Application security is to safeguard applications from vulnerabilities such as SQL injection and cross-site scripting via security testing techniques, which scan the web and mobile applications for security flaws throughout the application development lifecycle. As the frequency of targeted attacks on applications is growing, the market is expected to gain traction in the next five years. Rise in security breaches targeting business applications will drive the Application Security Market The major forces driving the Application Security Market are the rise in security breaches targeting business applications and strong application security regulation and compliance requirements. In today's hyper-connected business environment, there is rapid emergence of digital solutions and devices, which is based on communication between various business-critical applications and data. As these business applications hold critical organizational data, safeguarding them from vulnerabilities is of the utmost importance for any organization. Hybrid analysis (IAST) to play a key role in the Application Security Market Interactive Application Security Testing (IAST), sometimes referred to as "hybrid analysis," is an emerging security testing type, which is a combination of both Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST). Various advantages offered by IAST include false positive reduction, comprehensive vulnerability coverage, entire code coverage that includes the libraries and frameworks, scalability to handle large applications, instant developer feedback o save time, and zero process disruption. The IAST segment is expected to grow at the highest rate during the forecast period. Banking, Financial Services, and Insurance (BFSI) vertical expected to grow at the highest rate during the forecast period The BFSI vertical is one of the most omnipresent industries prone to targeted attacks in today's digital inter-connected world. The BFSI vertical is expected to grow at the highest rate from 2016 to 2021, in the Application Security Market. The market is also projected to witness growth in the healthcare, retail, and IT & telecom sectors during the forecast period. Request for Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=110170194 North America expected to contribute the largest market share, Asia-Pacific (APAC) to grow the fastest North America is expected to hold the largest market share and dominate the Application Security Market from 2016 to 2021, due to the presence of a large number of application security vendors. APAC offers potential growth opportunities, as there is a rise in the Bring Your Own Device (BYOD) adoption rate among organizations that in turn are deploying application security solutions to defend against potential threats to protect business-critical applications. The major vendors in the Application Security Market include IBM Corporation, Hewlett Packard Enterprise, WhiteHat Security, Veracode, Checkmarx, Qualys, Rapid7, Trustwave, Acunetix, and Cigital, among others. The report covers detailed information regarding the major factors influencing the growth of the Application Security Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, and collaborations, associated with the Application Security Market. Browse Related Reports:- Cyber Security Market by Solution (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SIEM, Disaster Recovery, DDOS Mitigation, Web Filtering, and Security Services) - Global Forecast to 2020 Security Testing Market by Network Security Testing, Application Security Testing, SAST, DAST, Security Testing Tools, Penetration Testing Tools, Automated Testing Tools, Code Review Tools - Global Advancements, Forecasts & Analysis (2014 - 2019) About MarketsandMarkets MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. 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