India application security market is expected grow at a double-digit growth rate over the next five years. The market growth can be attributed to the fast-growing internet usage service and rising adoption of BYOD policies within the enterprise. Besides, rising issues of security breaches in India and growing number of Internet of Things (IoT) based applications are also propelling the growth of India application security market. Increasing use of mobile and cloud-based technologies and stringent compliance for application security are also contributing to the growth of India application security market. Additionally, rise in security breaches and rapid development of digital solutions and devices are positively influencing the market growth. Rise in security breaches targeting business applications, organizations across the world are deploying application security solutions to protect web and mobile applications. Moreover, growing adoption of artificial intelligence and machine learning in web- and mobile-based security processes as well as rapidly expanding digital infrastructure are supporting the growth of India application security market. Increased R&D investments by service providers to improve software tools and rising number of non-IT controlled applications along with corporate network are expected to fuel the growth of India application security market. However, absence of knowledge and unawareness related to cybersecurity measures and more sophisticated cyber-attacks might hamper the growth of India application security market.
India application security market is segmented on the basis of testing type, component, organization size, deployment mode, industry vertical, company, and geography. Based on testing type, the market is further divided into static application security testing (SAST), dynamic application security testing (DAST) and interactive application security testing (IAST). The IAST segment is expected to hold the largest share in India application security market owing to rapid digitalization and growing number of smartphone users in India. Based on component, the market is fragmented into solutions and services. Based on organization size, the market is divided into
Some of the leading players in the India Application Security market are Rapid7, Synopsys, Checkmarx, Whitehat Security, IBM, HPE, Fasoo, Sitelock, Trustware, Veracode, etc.
Objective of the Study
- To analyse and forecast the market size of application security, in terms of value.
- To classify and forecast India application security market based on testing type, component, organization size, industry vertical, deployment type and regional distribution.
- To identify drivers and challenges for India application security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India application security market.
- To conduct the pricing analysis for India application security market.
- To identify and analyse the profile of leading players involved in the manufacturing of India application security market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of vendors across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the vendors which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration vendors across India.
Market Insights Research calculated the market size of India
Key Target Audience
- Application security solution vendors
- Application developers
- Cybersecurity testers and auditors
- Cybersecurity consultants
- System integrators
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018- 2022 and 2023E-2028F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Testing Type · Component · Organization Size · Deployment Model · Industry Vertical |
| Regional scope | North, South, East, West |
| Key companies profiled | Rapid7, Synopsys, Checkmarx, Whitehat Security, IBM, HPE, Fasoo, Sitelock, Trustware, Veracode. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
