Application Security Market size worth USD 63.3 Billion, Globally, by 2030 at 26.5% CAGR: Verifi…>
– CISION (PR Newswire)
The global application security market was valued at USD 28.1 billion in 2020 and is expected to reach USD 63.3 billion by 2030, growing at a CAGR of 26.5% between 2021 and 2030.
Application security is an integral part of controlling cyber security beyond the network and infrastructure.
Governance and regulatory compliance, compliance reporting & auditing, major investments for secure delivery & execution of applications are among the driving forces of the market.
The technological advancements in cloud computing, big data & analytics and the Internet of Things (IoT) have also boosted the market growth significantly.
Furthermore, the increasing acceptance of application programming interfaces (APIs) for the development of interconnected applications is expected to drive the market during the forecast period.
The risk of cyberattacks is increasing day-by-day, creating the need for secure applications and processes.
Moreover, enterprises are growing aware of the need to ensure data privacy and comply with mandatory industry standards and regulations.
As a result, companies are using secure applications and processes to protect their data and comply with the said regulations.
This is expected to propel the application security market.
Link: https://roboticulized.com/artificial-intelligence/2023/09/21/139305/application-security-market-size-worth-usd-63-3-billion-globally-by-2030-at-26-5-cagr-verified-market-research/