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The application security market is projected to witness a CAGR of 22.38% during the forecast period to reach a market size of $22.655 billion by 2026, increasing from $5.511 billion in 2019, according to ResearchAndMarkets.
Since the advent of e-commerce over two decades ago, retailers have come into contact with more information about their customers and can collect this information. Businesses that engage in retail and e-commerce manage large volumes of sensitive information, including credit card numbers and personal data.
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