Application Security Market: A Survey

APPLICATION SECURITY MARKET APPLICATION SECURITY MARKET APPLICATION SECURITY MARKET 8 8 APPLICATION SECURITY MARKET Name of the student: Name of the university: Author Note: 1.0 Introduction 2 2.0 Article Analysis 2 2.1 Intention and Content of Article 3 2.2 Key Points highlighted in the article 5 3.0 Conclusion 6 4.0 References to 7 1.0 Introduction The application security market is identified as one of the important concept that deals with the overall market growth of the industries. This report will deal with

Running head: APPLICATION SECURITY MARKET
APPLICATION SECURITY MARKET
Name of the student:
Name of the university:
Author Note:

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Table of Contents
1.0 Introduction..........................................................................................................................2
2.0 Article Analysis....................................................................................................................2
2.1 Intention and Content of Article......................................................................................3
2.2 Key Points highlighted in the article................................................................................5
3.0 Conclusion............................................................................................................................6
4.0 References............................................................................................................................7

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1.0 Introduction
The application security market is identified as one of the important concept that deals
with the overall market growth of the industries. The significant analysis of the software
market industry in respect to the overall applications is carried out by the organization of the
Market Research Future. The report will be effectively dealing with the analysis of the
digitalization in respect to the industries associated with the manufacture of the smartphones
as well as security of the applications associated with these devices. The report provides a
clear overview of the overall market analysis that is carried out in respect to the digital
market growth of the industries associated with the digitalised industry [1]. The growth of the
overall market in respect to the digitisation of the products is depicted to have a significant
impact in the economic condition of the countries associated with it.
This report will deal with the clear overview of this growth in the different regions as
well as provide a detailed analysis in respect to the increase in the market of the digitalised
products as well as their security from the end user point of view. This will also carry a
significant critical analysis of the overall report provided by the Market Research Future
organization thus adhering the demand related with the usage of the digital devices and
security systems.
2.0 Article Analysis
This noteworthy report will deal with the critical analysis of the research report
presented by the Market Research Future. The article used for the critical analysis of the
market growth is depicted as “Market research; Security management; Network management
systems; Smartphones; Computer platforms; Traffic flow; Research &development--R &D;
Market shares; Hardware reviews; Valuation", no. 2216756001, 2019. [Accessed 27
September 2019].”

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2.1 Intention and Content of Article
The article firstly depicts the potential growth in the global market of application
security thus adhering the significant research associated within this field. The estimated
growth within the business of the application security is identified to grow by 24.95 % thus
intending to provide a significant valuation of about USD 9.64 billion within the period of
2018 to 2023. The last generated revenue in the year 2017 was about USD 2.56 billion. The
prediction of this organization states that the factors such as the increased usage of the
smartphones as well as the digital devices significantly leads to the fact that the overall
security of the applications are duly necessary in respect to the maintenance of the data
security [7]. The article signifies the fact that the growth of the smartphone and digital
devices usage leads to the increase in respect to the risks associated with the protection of the
data. The user in these modern times are assumed to store the overall confidential information
within their smartphones as well as digital devices [2]. Thus the security of those data are
depicted to be necessary in respect to the users that are associated with the overall
transmission of the data as well as there is a need for maintaining the confidentiality of the
overall data associated with the network. This increased usage have potentially increased the
need for the significant security measures which will keep the data to be safe. The data
related with the bank details as well as the passwords related to the accounting information of
the user also needs to be efficiently managed as well as securely kept within these devices
thus enhancing the overall security of the data. The demand of the application security thus
has increased with the usage of the digital devices for storing the data of the users.
The article also analyses the fact that the security of the data with the implementation
of the application security measures [4]. Moreover, the application security is also depicted to
involve the hardware, software as well as other measures, which tends to put a significant
emphasis in respect to the external threats and attacks that could hamper the data stored

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within those devices. The enterprise applications are depicted to be helpful in respect to the
usage of the application security systems within the devices thus maintaining a secure
framework in respect to the data within these devices [5]. The article suggests that the
concept of application security tends to reduce the overall risks associated with the security of
the significant loopholes as well as preventing the data from the malicious attacks. This
conclusion is drawn by the article with the help of the important analysis done in the several
parts of the associated report.
The segmental analysis of the report done by the potential organization of the Market
Research Future mainly focuses on the solution, testing type, services, organization size,
deployment as well as end user [10]. The sector of solution focuses on the security of the
application in respect to web as well as mobile [3]. The dominating segment associated with
the application security related to web is analysed by the organization to have a growth of
23.95 % in respect to CAGR. In addition to this, the application security related to mobile is
depicted to have a growth of around 26.87 % as per the stated period.
According to the service sector it can be depicted that it is divided into managed
services as well as professional services. The valuation of the professional segment is
identified to reach a potential valuation of USD 2095 million. The growth in respect to this
sector is depicted to be about 24.39 % in respect to CAGR. Moreover, the managed segment
is depicted to be about USD 559 million that is intended to grow about 2230 million in the
year 2023.
In accordance to the testing type, the associated market is depicted to be segmented in
the stated factors of security testing, interactive application security testing as well as
dynamic application security testing [9]. The expectation in respect to the growth of the
market is identified to be 24.06 % at the CAGR. The fastest growing segment in respect to

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27.58 % is also analysed to have a projected growth within the period stated within the
article.
In the sector of deployment the security of the application is depicted to be done into
the on-premise as well as the on-cloud premise [12]. This is identified to be increasing the
CAGR by 23.87 % and are analysed to be growing significantly in this market.
The organization size is identified to be including the large enterprises as well as
SME’s. The increase in the large enterprises segment is identified to be at a range of 24.45 %.
Moreover, the increase in the SME’s segment is identified to be at a range of 26.69 %.
The next sector that is significantly presented within the overall article depicts that
North America is identified to be a dominant region with the evaluation of the application
security market [11]. This market growth is followed by Europe as well as APAC. The area
of North America is identified to provide a substantial valuation of around USD 1 billion by
the year of 2017 [6]. The essential factors associated with the market of application security
are identified as the stable economy, the technological advancements related with the mobile
devices as well as digital devices associated in the identified framework of the security
market related to the application [8]. The United States is identified as the important regional
market in respect to the application security and is thus identified to be a projected growth of
the CAGR by 24.51 %. The next country that is associated with the demand of the application
security market is identified to have a valuation of around USD 750 million by the year 2017.
APAC is identified to be providing a valuation of around USD 617.34 million by the year
2017. The expected growth is estimated to reach of about USD 2.4 billion by the year 2023,
thus projecting a score of 27.03 % at the CAGR level.

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2.2 Key Points highlighted in the article
The article significantly provides a great deal of knowledge in respect to the need of
the application security within the digitalised environment of significant countries. The
segmental analysis of the report in terms of different fields is depicted to be analysed within
the article thus adhering to the fact that the application security is a potential need in respect
to the data present within the different digitalised network devices. Moreover, the growth
rate in respect to the different countries are also adhered in respect to the report thus
analysing the CAGR report of the different countries.
3.0 Conclusion
Thus, the overall report tends to revolve round the fact that most of the devices in this
era save the customer data within it. Thus, the overall management of the data in terms of the
security is significantly necessary in respect to the application security. The article that is
being analysed within this report significantly identifies that the overall application security is
an important aspect related with the growth of the digitalised market within the specified
countries. Thus, it can be concluded that the overall aspect in respect to the overll application
security is important in the significant countries that will help the countries to grow better in
terms of user data security.

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4.0 References
[1] "Market research; Security management; Network management systems; Smartphones;
Computer platforms; Traffic flow; Research &development--R &D; Market shares; Hardware
reviews; Valuation", no. 2216756001, 2019. [Accessed 27 September 2019].
[2] D. He, S. Chan and M. Guizani, Mobile application security: malware threats and
defenses. IEEE Wireless Communications, 22(1), pp.138-144, 2015.
[3] C. Joshi and U.K. Singh, Performance evaluation of web application security scanners for
more effective defense. International Journal of Scientific and Research Publications
(IJSRP), 6(6), pp.660-667, 2016.
[4] S. Hong, S. Park, L.W. Park, M. Jeon and H. Chang, An analysis of security systems for
electronic information for establishing secure internet of things environments: Focusing on
research trends in the security field in South Korea. Future Generation Computer Systems,
82, pp.769-782, 2018.
[5] Q. Ren, Application Research of Intelligent Building Security System Based on Image
Recognition Technology. In 2017 5th International Conference on Frontiers of
Manufacturing Science and Measuring Technology (FMSMT 2017). Atlantis Press, 2017,
April
[6] W. Song and H. Li, Research on Android Application Security Protection in China.
DEStech Transactions on Computer Science and Engineering, (csae), 2017.
[7] M. Nakayama, C. Chen and C. Taylor, The effects of perceived functionality and usability
on privacy and security concerns about cloud application adoptions. Journal of Information
Systems Applied Research, 2017.
[8] K. Walia, Residential Security Market Analysis Report upto 2025, 2019.

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[9] X.X. Xie and W.Z. Huang, Research and Development of the Android Framework Smart
Watches from the Data Security Point of View, 2016.
[10] J. Xu and T. Ren, An Approach for Evaluating New Energy Industry Security and Its
Application. In 2017 International Conference on Management, Education and Social
Science (ICMESS 2017). Atlantis Press, 2017, June.
[11] D. Woods, I. Agrafiotis, J.R. Nurse and S. Creese, Mapping the coverage of security
controls in cyber insurance proposal forms. Journal of Internet Services and Applications,
8(1), p.8, 2017.
[12] A. Nichols, L. Schmidt and P. Sevak, Economic conditions and supplemental security
income application. Soc. Sec. Bull., 77, p.27, 2017.