The report "Europe, Middle East & Africa Application Security Market - Trends Analysis, Product Usability Profiles & Forecasts to 2023", published by 360iResearch, states that the europe, middle east & africa market was valued at USD 712.85 million in 2016 and is projected to reach USD 3,954.27 million by 2023, growing at a CAGR of 27.73% from 2016 to 2023.
The major forces driving the growth of the application security market include the increasing spending on securing business applications and organisational and government support. However certain factors such as the concern related to privacy issues during multi-vendor deployments may hinder the market growth. In the middle of difficulty lies opportunity such as the growing demand for cloud computing and big data. The possible challenges for the market growth is to lock-down and maintain critical infrastructure. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the europe, middle east & africa application security market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the europe, middle east & africa application security market is studied across United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia.
The report features a competitive scenario of the application security market and provides inclusive analysis of key growth strategies adopted by major players. Key products profiled in the study are Acunetix Vulnerability Scanner, Burp Suite, Checkmarx CxSAST, Fortify on Demand, IBM AppScan, Nessus Vulnerability Scanner, Qualys Web Application Scanning, Synopsys Application Security Services, Trustwave Application Security, and Veracode Application Security Platform.
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