Global Static Application Security Testing Software Market Growth (Status and Outlook) 2023-2029

Global Static Application Security Testing Software Market Growth (Status and Outlook) 2023-2029

Application Security Software refers to the software tool to protect applications from external threats throughout their lifecycle. Application security is defined as the process of making apps more secure by finding, fixing, and enhancing the security of apps. Much of the process happens during the development phase, security tools and methods are used to protect apps once they are deployed.



The application security market is seeing a rapid growth primarily driven by the increase in the number of cyber-attacks and their sophistication, strict government regulations and growing smartphone penetration and adoption. Additionally, the space has seen a lot of investments by venture capitalists and private equity investors giving rise to a bunch of rising cybersecurity startups in the world. Other factors contributed to the growth of the application security market include the development and adoption of Internet of Things (IoT), digitization and automation in the industrial space, and technological development in the finance space especially in the emerging economies, etc.

LPI (LP Information)' newest research report, the “Static Application Security Testing Software Industry Forecast” looks at past sales and reviews total world Static Application Security Testing Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Static Application Security Testing Software sales for 2023 through 2029. With Static Application Security Testing Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Application Security Testing Software industry.

This Insight Report provides a comprehensive analysis of the global Static Application Security Testing Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Static Application Security Testing Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Static Application Security Testing Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Application Security Testing Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Static Application Security Testing Software.

The global Static Application Security Testing Software market size is projected to grow from US$ 900 million in 2022 to US$ 1411.4 million in 2029; it is expected to grow at a CAGR of 6.6% from 2023 to 2029.

The main companies in the market include Micro Focus, Veracode, Rogue Wave Software, CAST Software, HCL Technologies (formerly IBM), Synopsys, Parasoft and Checkmarx. In 2019, HCl technologies (formally IBM) accounted for the largest proportion, about 13%.

This report presents a comprehensive overview, market shares, and growth opportunities of Static Application Security Testing Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
On-premise
Cloud-based

Segmentation by application
Individual
Enterprise
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Synopsys
Checkmarx
Appknox
AttackFlow
Red Hat
GrammaTech
WhiteHat Security
Slashdot Media
Minded Security
Code Dx
AdaCore
Contrast Security
NalbaTech
Parasoft

Please note: The report will take approximately 2 business days to prepare and deliver.