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World Application Security Products Markets Demonstrate Tremendous Growth Potential Finds Frost & Sullivan - Network security is steadily gaining prominence as web applications are emerging as vital components for business-to-customer organizations
World Application Security Products Markets Demonstrate Tremendous Growth Potential Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2009/04/20 - Network security is steadily gaining prominence as web applications are emerging as vital components for business-to-customer organizations.

   
 
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The application security market encompasses products that scan for security weaknesses in web applications, custom in-house applications, and applications in development. Application security vendors have evolved from providing strictly consulting services to now offering strong stand-alone products.

New analysis from Frost & Sullivan (networksecurity.frost.com), World Application Security Products Markets, finds that the market earned revenues of over $165 million in 2007 and estimates this to reach $596 million in 2014.

If you are interested in a virtual brochure, which provides manufacturers, developers, end-users, and other industry participants with an overview of the world application security products markets, then send an email to Christina Alfaro, Corporate Communications, at christina.alfaro[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.

Web applications offer innumerable benefits to enterprises, as they are easy to deploy and update, operating system independent, and do not require client disk space. While necessary for any organization with a website, these applications remain available to the public at all times while staying connected with sensitive, critical backend systems. Web applications are not subject to testing as much as more ubiquitous applications, which can lead to a potentially dangerous situation.

"The security industry has long been centered on network security, but the security focus is shifting," explains Frost & Sullivan Research Analyst Chris Rodriguez. "Organizations are recognizing web applications and other custom applications are not secure and represent a dangerous point of attack."

Most organizations that have secured their network perimeter now turn to application security products to identify software security flaws and prioritize remediation efforts. However, the faltering world economy presents a major challenge for this burgeoning market. Security software is still not quite considered mission critical technology. While there is little that vendors can do to counter this directly, they can focus on improving competitive factors to expand their market share. This demands focus on increasing the availability, affordability, and ease of implementation of solutions.

For now, the market is seeing increasing consolidation. Strong growth in 2006 and 2007, when revenues touched an estimated $127 million and $165.3 million respectively, enticed large multinational vendors such as IBM and HP to venture into this space. The dynamic testing segment witnessed decreased growth due to the acquisition of two leading vendors, Watchfire and SPI Dynamics. When these companies achieve complete integration with their parent companies, they are expected to contribute more to the growth of the market. In comparison, static source-code analysis vendors were responsible for a larger share of revenues than those of vendors offering dynamic testing solutions.

"The recent success of static testing vendors is indicative of the eventual goal of security, which will become an integral part of the software development lifecycle," explains Rodriguez. "Customers are realizing that application security must go beyond dynamic testing and incorporate static testing in order to establish a firm foothold in the market."

Participants can improve their likelihood of success by broadening their product lines and enhancing functionality and features to offer a tandem of dynamic and static testing capabilities.

World Application Security Products Markets is part of the Network Security Growth Partnership Service program, which also includes research in the following markets: vulnerability management, network access control, data leakage prevention and endpoint security. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents.

World Application Security Products Markets / N49E

 
 
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World Application Security Products Markets Demonstrate Tremendous Growth Potential Finds Frost & Sullivan

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Frost & Sullivan |
Publisher Contact: Christina Alfaro 
210.247.3830 christina.alfaro[.]frost.com
 
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