According to a new market research report by MarketsandMarkets, the global application security market size is estimated to grow from USD 2.24 Billion in 2016 to USD 6.77 Billion by 2021, at a CAGR of 24.8% from 2016 to 2021.
Application security is to safeguard applications from vulnerabilities such as SQL injection and cross-site scripting via security testing techniques, which scan the web and mobile applications for security flaws throughout the application development lifecycle. As the frequency of targeted attacks on applications is growing, the market is expected to gain traction in the next five years.
