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Application security Market to Reach $33.94, Globally, by 2030 at 18.7% CAGR: Allied Market ResearchPORTLAND, Ore., Sept. 14, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Application Security Market by Component (Solution and Services), Deployment Mode (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), Type (Web Application Security and Mobile Application Security), Testing type (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), and Runtime Application Self-Protection (RASP)) Industry Vertical (BFSI, Healthcare, IT and Telecom, Manufacturing, Government and Public Sector, Retail & E-commerce, and Others) and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030."According to the report, the global application security market generated $5.97 billion in 2020, and is expected to reach $33.94 billion by 2030, growing at a CAGR of 18.7% from 2021 to 2030.  Drivers, restrain, and opportunities Increasing security breaches targeting business applications, surge in demand for application security in the retail and e-commerce organizations, and strict compliance as well as regulatory requirements for application security fuel the growth of the global application security market. In addition, rise in adoption of smart phone and surge in shift towards cloud accessed applications further fuel the growth. On the other hand, budget constraints for deploying application security restrain the market growth. However, integration of AI and ML in application security is projected to offer lucrative opportunities in the future. Download Report Sample (302 Pages PDF with Insights) at: https://www.alliedmarketresearch.com/request-sample/10713 Covid-19 scenario:
Get detailed COVID-19 impact analysis on the application security market: https://www.alliedmarketresearch.com/request-for-customization/10713 The solution segment dominated the market Based on component, the solution segment dominated the market in 2020, accounting for more than three-fifths of the application security market. The rise in demand for mobile application security as well as web application security drives the growth of this segment. On the other hand, the services segment is expected to register the highest CAGR of 20.1%during the forecast period, as it ensures effective functioning of application security software throughout the process. The deployment model segment held the highest market share Based on on-premise, the deployment segment held the lion's share in 2020, accounting for nearly three-fifths of the application security market. On-premise-based solutions are known for better maintenance of servers, and continuous system facilitates the implementation of these application security solutions. This factor drives the growth of the segment. Furthermore, the cloud segment would cite the fastest CAGR of 21.3% during the forecast period. Rising number of organizations around the globe are moving their application workloads to the cloud to become more agile, lower costs, and reduce time to market. This in turn boosts the demand for cloud segment. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/10713 North America to lead the trail throughout the forecast period Based on region, the market across North America dominated with lion's share in 2020, holding nearly two-fifths of the application security market. This is attributed to the proliferation of mobile devices and increase in cloud based networking along with the presence of major key players. On the other hand, the market across Asia-Pacific is projected to exhibit the highest CAGR of 21.3% from 2021 to 2030. This is due to the growth in occurrence of security breaches that targets business applications. In addition, the region is experiencing growth in number of SMEs, which further fuels the growth of the market in this province. Key market players
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: hthttps://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports: Multi-factor Authentication Market Expected to Reach $40 Billion by 2030 Virtualization Security Market Expected to Reach $6.29 Billion by 2030 Automatic Identification and Data Capture Market Expected to Reach $121.07 Million by 2030 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa
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