The North America Application Security Market is expected to witness market growth of 17.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Application Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.95 billion by 2031. The Canada market is expected to witness a CAGR of 19.7% during 2024-2031. Additionally, the Mexico market would register a CAGR of 18.8% during 2024-2031.
Application security encompasses the methodologies, instruments, and protocols employed to safeguard applications against cyber threats, vulnerabilities, and unauthorized access. It involves securing web and mobile applications throughout their development, deployment, and maintenance lifecycle to prevent data breaches, hacking attempts, and malware attacks. As applications handle sensitive data, such as personal, financial, and business information, ensuring their security is critical to maintaining user trust and regulatory compliance. The application security market has experienced substantial development in recent years, propelled by the escalating complexity of cyber threats, the pervasive adoption of digital applications, and the heightened focus on data protection.
As businesses shift towards cloud computing, mobile applications, and API-driven architectures, ensuring the security of these applications has become a top priority. Organizations across industries, including BFSI, healthcare, retail, manufacturing, and government sectors, invest heavily in application security solutions to protect sensitive data, maintain compliance with regulatory frameworks, and enhance overall cybersecurity resilience. The increasing dependence on web, mobile, and enterprise applications has broadened the attack surface, necessitating that organizations adopt comprehensive security measures to mitigate threats, including SQL injection, cross-site scripting (XSS), malware attacks, and vulnerabilities associated with application programming interfaces (APIs).
The growing adoption of digital banking, e-commerce, and remote work technologies has driven Canada's demand for robust application security measures. Canadian organizations are increasingly vulnerable to data breaches and ransomware attacks, particularly in the energy, healthcare, and retail sectors. The Canadian government has introduced initiatives such as the National Cyber Security Strategy (NCSS) to bolster the country's cybersecurity defenses. Additionally, provincial regulations like the Quebec Privacy Law (Bill 64) require stricter data protection measures, compelling businesses to integrate application security solutions into their systems. The collaboration between the private sector and the government, as seen in programs like Canada’s CyberSecure certification, further strengthens the market’s growth prospects. Hence, with government-backed programs and regulatory pressures ensuring compliance, North America remains a global leader in adopting and developing application security solutions.
The US market dominated the North America Application Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.95 billion by 2031. The Canada market is expected to witness a CAGR of 19.7% during 2024-2031. Additionally, the Mexico market would register a CAGR of 18.8% during 2024-2031.
Application security encompasses the methodologies, instruments, and protocols employed to safeguard applications against cyber threats, vulnerabilities, and unauthorized access. It involves securing web and mobile applications throughout their development, deployment, and maintenance lifecycle to prevent data breaches, hacking attempts, and malware attacks. As applications handle sensitive data, such as personal, financial, and business information, ensuring their security is critical to maintaining user trust and regulatory compliance. The application security market has experienced substantial development in recent years, propelled by the escalating complexity of cyber threats, the pervasive adoption of digital applications, and the heightened focus on data protection.
As businesses shift towards cloud computing, mobile applications, and API-driven architectures, ensuring the security of these applications has become a top priority. Organizations across industries, including BFSI, healthcare, retail, manufacturing, and government sectors, invest heavily in application security solutions to protect sensitive data, maintain compliance with regulatory frameworks, and enhance overall cybersecurity resilience. The increasing dependence on web, mobile, and enterprise applications has broadened the attack surface, necessitating that organizations adopt comprehensive security measures to mitigate threats, including SQL injection, cross-site scripting (XSS), malware attacks, and vulnerabilities associated with application programming interfaces (APIs).
The growing adoption of digital banking, e-commerce, and remote work technologies has driven Canada's demand for robust application security measures. Canadian organizations are increasingly vulnerable to data breaches and ransomware attacks, particularly in the energy, healthcare, and retail sectors. The Canadian government has introduced initiatives such as the National Cyber Security Strategy (NCSS) to bolster the country's cybersecurity defenses. Additionally, provincial regulations like the Quebec Privacy Law (Bill 64) require stricter data protection measures, compelling businesses to integrate application security solutions into their systems. The collaboration between the private sector and the government, as seen in programs like Canada’s CyberSecure certification, further strengthens the market’s growth prospects. Hence, with government-backed programs and regulatory pressures ensuring compliance, North America remains a global leader in adopting and developing application security solutions.
List of Key Companies Profiled
- Check Point Software Technologies Ltd.
- Fortinet, Inc.
- Rapid7, Inc.
- Hewlett Packard Enterprise Company
- IBM Corporation
- Synopsys, Inc.
- Cisco Systems, Inc.
- Veracode, Inc. (Thoma Bravo)
- HCL Technologies Ltd.
- Qualys, Inc.
- Tenable Holdings, Inc.
Market Report Segmentation
By Component
- Solution
- Services
- Professional Services
- Managed Services
By Deployment
- On premise
- Cloud
By Testing Type
- Static Application Security Testing (SAST)
- Dynamic Application Security Testing (DAST)
- Runtime Application Self-Protection (RASP)
- Interactive Application Security Testing (IAST)
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- BFSI
- IT & Telecom
- Government & Defense
- Retail
- Manufacturing
- Healthcare
- Media & Entertainment
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Application Security Market by Component
Chapter 6. North America Application Security Market by Deployment
Chapter 7. North America Application Security Market by Testing Type
Chapter 8. North America Application Security Market by Enterprise Size
Chapter 9. North America Application Security Market by Vertical
Chapter 10. North America Application Security Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Check Point Software Technologies Ltd.
- Fortinet, Inc.
- Rapid7, Inc.
- Hewlett Packard Enterprise Company
- IBM Corporation
- Synopsys, Inc.
- Cisco Systems, Inc.
- Veracode, Inc. (Thoma Bravo)
- HCL Technologies Ltd.
- Qualys, Inc.
- Tenable Holdings, Inc.
Methodology
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