Application Security Market By Region – Global Opportunities and Forecast, 2021-2028

 Application Security Market

The Application Security Market is projected to witness a growth of 16.4% over the forecast period (2020-2027). The rapid digital transformation and the usage of cloud computing technology will strengthen the market growth. The increasing adoption of innovative technologies like AI and ML in cybersecurity and the accelerating penetration of e-Commerce sales channel are the driving forces of the market.

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Application Security Market Dynamics

The increasing strictness in the compliance and regulatory need for better safety and growing demand for SaaS-based solutions for application security are the major factors fuelling the application security market share. Security breaches have proved to be a constant threat to organizations and consumers. The accelerating incidences of security violations that target business applications along with the accelerating penetration of smartphones and cloud-based technologies are the prime forces complementing the Application Security Market growth. The increase in security violations across the world has persuaded organizations to deploy solutions for application security to protect the mobile and web applications. Various leading companies such as My Space, LinkedIn, Yahoo, Equifax, Adobe, and eBay, have witnessed serious security contravention over the past few years. Factors such as budget constraints are likely to hamper the Application Security Market Size.

Regional Segment Analysis:

Based on the region, the North America region is predicted to hold the largest market share over the forecast period. The region has significantly contributed to the application security industry owing to its application of advanced technologies. North America adopted advanced technologies across different verticals, including retail & E-commerce, BFSI, government, telecommunication, education, IT & telecom, and healthcare. The countries in the region have well-developed economies that thereby help in the development of new technologies. As per the application security market analysis, Asia-Pacific is projected to grow at the fastest rate over the forecast period. Some of the leading application vendors that serve the Asia Pacific market include Qualys, IBM, and Checkmarx.

Market Segmentation
Application Security Market by Technology

·         RFID

·         Wi-Fi

·         Ultra-wideband (UWB)

·         Bluetooth Low Energy (BLE)

·         Ultrasound

·         Infrared (IR)

·         GPS

·         Others

Real Time Location System Market by Application

·         Inventory/Asset Tracking & Management

·         Personnel Locating & Monitoring

·         Access Control & Security

·         Environmental Monitoring

·         Warehouse Management & Monitoring

·         Supply Chain Management

·         Others

Real Time Location System Market by Vertical

·         Healthcare

·         Manufacturing & Automotive

·         Retail

·         Transportation & Logistics

·         Government & Defence

·         Education

·         Oil & Gas

·         Sports & Entertainment

·         Others

Real Time Location System Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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