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India Application Security Market Analysis By Size, Share, Trends, Future Growth, Forecast 2024 | TechSci Research

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According to TechSci Research, India Application Security Market is expected grow at a double digit CAGR over the next five years owing to fast growing internet usage service, rising adoption of BYOD policies within the enterprise, rising major issues of security breaches in India and growing number of Internet of Things (IoT) based applications. Based on various testing types, the market is segmented into Static Application Security Testing, Dynamic Application Security Testing and Interactive Application Security Testing. In 2018, IAST holds the largest market share due to its various applications in internal as well as external vulnerabilities and the segment is also expected to maintain its dominance over the next five years as well. Moreover, increasing digitalization in India and growing number of smartphone users in India will further drive the India Application Security Market.

Years considered for this report:

Historical Year : 2014 – 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 – 2024

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 based on testing type, component, organization size, industry vertical, deployment type and regional distribution.
  • To identify drivers and challenges for India Application Security.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Application Security.
  • To conduct the pricing analysis for Application Security.
  • To identify and analyse the profile of leading players involved in the manufacturing of India Application Security.

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Some of the leading players in the India Application Security market are Rapid7, Synopsys, Checkmarx, Whitehat Security, IBM, HPE, Fasoo, Sitelock, Trustware, Veracode, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of vendors across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration vendors across India.

TechSci Research calculated the market size of India Application Security using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

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.

Report Scope:

In this report, India Application Security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Testing Type:
    • Static Application Security Testing
    • Dynamic Application Security Testing
    • Interactive Application Security Testing Inorganic Application Security
  • Market, By Component:
    • Solutions
    • Services
  • Market, By Organization Size:
    • Small & Medium Enterprises
    • Large Enterprises Bread
  • Market, By Deployment Mode:
    • Cloud
    • On-Premises
  • Market, By Industry Vertical:
    • Government & Défense
    • Healthcare
    • IT & Telecom
    • Education
    • Others
  • Market, by Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Application Security.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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