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 life-cycle. As the frequency of targeted attacks on applications is growing, the market is expected to gain traction in the next five years.
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