Application Security Market set to hit worth $66.03 billion by 2031

According to new report “Application Security Market by Component (Solutions (Security Testing Tools, Container Security, API Security, and Others), Services), Type (Web, Mobile), Deployment Mode (Cloud, On-premises), Organization Size, Vertical – Global Forecast to 2031” published by MarketsandMarkets, the application security market is projected to grow from USD 41.16 billion in 2026 to USD 66.03 billion by 2031 at a compound annual growth rate (CAGR) of 9.9% during the forecast period. Browse 500 market data Tables and 50 Figures spread through 400 Pages and in-depth TOC on “Application Security Market” Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110170194 Rising adoption of DevSecOps and agile software development practices is a key driving factor for the application security market. As organizations accelerate application delivery, integrating security early in the development lifecycle has become essential to prevent costly breaches and compliance issues. Continuous integration and deployment pipelines require automated security testing, vulnerability scanning, and code analysis to ensure secure releases. This shift toward “security as code” is boosting demand for comprehensive application security solutions that can seamlessly support rapid development cycles while maintaining robust protection. By component, services segment to register higher CAGR than solutions segment during forecast period The services segment is expected to grow at a higher rate than the solutions segment during the forecast period. The growth is driven by increasing demand for expert-led implementation, consulting, and managed security services, as organizations face challenges in securing complex application environments. Services such as security assessment, vulnerability management, penetration testing, and continuous monitoring help enterprises identify risks, prioritize remediation, and maintain compliance with regulatory standards. Additionally, many organizations lack in-house expertise to handle sophisticated security threats, making outsourced services a preferred option. The rising adoption of DevSecOps, cloud-native applications, and API-driven architectures further fuels the need for specialized application security services. These services enable businesses to integrate security seamlessly into development pipelines while reducing operational overhead and enhancing overall security posture. By deployment mode, cloud segment to register higher CAGR than on-premises segment during forecast period The cloud-based deployment segment is expected to register a higher CAGR than the on-premises segment during the forecast period. The shift toward digital transformation and the growing reliance on cloud ecosystems are driving the rapid adoption of cloud-based application security. With enterprises increasingly deploying SaaS platforms, cloud-native applications, and supporting remote workforce operations, scalable and flexible security solutions have become essential. Cloud-based application security provides benefits such as fast deployment, centralized control, real-time threat detection, and lower infrastructure costs, appealing to organizations of all sizes. Businesses are utilizing these solutions to safeguard web applications, APIs, and microservices while maintaining regulatory compliance. The demand for continuous, automated, and easily updatable security in dynamic IT environments is further fueling the adoption of cloud-based application security platforms across various industry verticals. By region, North America to hold largest market share during forecast period Based on region, North America is expected to hold the largest share of the application security market during the forecast period, driven by a mature digital infrastructure, high cybersecurity awareness, and early adoption of advanced development practices. Organizations across BFSI, healthcare, government, and enterprise sectors increasingly rely on cloud-native applications, APIs, and mobile platforms, expanding their exposure to software vulnerabilities. Stringent regulatory requirements, such as data protection, operational resilience, and privacy mandates, reinforce the need for continuous and auditable security measures. North America also benefits from the presence of leading application security vendors, including IBM, Synopsys, Checkmarx, Veracode, and Snyk, which accelerate innovation and adoption. Growing demand for integrated, AI-assisted, and managed application security solutions continues to drive market expansion. Key Players: IBM (US), HCLTech (India), Synopsys (US), Cisco (US), Checkmarx (US), Veracode (US), Capgemini (France), Rapid7 (US), Onapsis (US), Gitlab (US), CAST (France), Qualys (US), Contrast Security (US), VMware (US), OneSpan (US), Trustwave (US), Imperva (US), F5 Networks (US), Acunetix (Malta), NowSecure (US), Pradeo Security Systems (France), Lookout (US), Data Theorem (US), Zimperium (US), and Kryptowire (now part of Quokka) (US) are the key players and other major players in the application security market. About MarketsandMarkets™ MarketsandMarkets™ has been recently recognized as one of America’s best management consulting firms by Forbes, as per their recent report. Founded in 2009, MarketsandMarkets™ recognized uncharted business potentials within disruptive trends, forecasting a surge of $25 trillion in new B2B revenues by 2030. 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