Application Security Market will Accelerate at a CAGR of almost 26% during 2021-2025| Growing number of data leaks to upheave growth| Technavio
NEW YORK, April 28, 2021 /PRNewswire/ -- Set to grow by USD 13.10 billion during 2021-2025, Technavio's latest market research report estimates the application security market to register a CAGR of almost 26%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Broadcom Inc., F5 Networks Inc., Fortinet Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Qualys Inc., Rapid7 Inc., Singapore Telecommunications Ltd., Synopsys Inc., and Trend Micro Inc. are some of the major market participants. The growing number of data leaks will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Application Security Market 2021-2025: Segmentation
Application Security Market is segmented as below:
Application Security Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the application security market provides a detailed analysis of vendors operating in the market. Some of these vendors include Broadcom Inc., F5 Networks Inc., Fortinet Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Qualys Inc., Rapid7 Inc., Singapore Telecommunications Ltd., Synopsys Inc., and Trend Micro Inc.
The report also covers the following areas:
Market trends such as an increase in demand for cloud-based application security solutions are likely to positively impact the market. However, factors such as threats from open-source application security solutions may threaten the growth of the market.
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Application Security Market 2021-2025: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Solution
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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