The Application Security Market is expected to reach USD 23.07 Billion by 2026, according to a new report by Reports and Data. Organizations require to implement security solutions to sustain consistency in the security procedures across the hybrid data center. Organizations demand integration of application server and in-memory data grid abilities together via cloud application. Customers can create intelligent, connected, and customer-centric supply chains in the organizations with the help of cloud applications. Application Security solutions submits data security with real-time monitoring.

The analytics and reporting Application Security suite includes cloud usage analytics, log management, and anomaly detection. With the rise in adoption of cloud applications, the need for analytics and reporting solution is expected to gain pace in the market.

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Further key findings from the report suggest

• The Application Security market is estimated to reach USD 23.07 Billion by 2026, at a CAGR of 14.7% during the forecast period.
• The support services accounts for the largest share of 45.1% of the market in 2018.
• The analytics and reporting solution is anticipated to grow at the highest rate of 15.7% during the forecast period.
• The IT Telecommunications application segment is anticipated to grow at the highest rate of 15.0% during the forecast period.
• The Small Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 14.8% during the forecast period.
• North America region accounted for the largest share of 31.3% of the market in 2018. The increased production capacities of dominant companies in the region drives the growth. Technological progress in the manufacturing sector is among the crucial factors propelling the market demand.
• Various players are developing strategies to mark their presence in the industry.
• For example, Trend Micro launched Trend Micro Security 2015 in October 2014. The security solution is dedicated to Android, Windows, and iOS platforms to render security solutions for cyber threats, irrespective of the operating system of the device. The security solution would preserve personal information and data of users as well as sustain the privacy of users. The other top approaches in the cloud security industry include collaboration, followed by acquisitions and expansion.

Key companies profiled in the report include:  

Cisco Systems, Inc.; Sophos Ltd.; CipherCloud; HyTrust, Inc.; Proofpoint; Netskope Cloud Support; Twistlock Ltd.; Symantec Corporation; Fortinet, Inc.; and Microsoft Corporation.

Solution Outlook (Revenue, USD Million; 2016-2026)

• Data Protection
• Analytics and Reporting
• Threat Protection
• Cloud Application Discovery

Services Outlook (Revenue, USD Million; 2016-2026)

• Support Services
• Consulting Services
• Training and Education Services

Application Outlook (Revenue, USD Million; 2016-2026)

• Banking, Financial Services Insurance (BFSI)
• IT Telecommunications
• Media Entertainment
• Healthcare Life Sciences
• Others

Organization size Outlook (Revenue, USD Million; 2016-2026)

• Large Enterprises
• Small Medium Enterprises (SMEs)

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East Africa

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