Application Security Market Size Hit USD 19.97 Billion at CAGR of 15.80%, by 2028
The increasing number of companies incorporating their applications are propelling the growth of the Application Security market. Market Size – USD 6,121.0 Million in 2020, Market Growth - CAGR of 15.80%, Market Trends – Extensive adoption of smartphones. The global Application Security Market is forecast to reach USD 19.97 Billion by 2028, according to a new report by Reports and Data. Application security has become an absolute necessity. With the increasing number of organizations embracing the idea of developing their applications, the risks and vulnerabilities associated with the security of data have also risen. The safety and security of sensitive information is the primary concern for many businesses. This is one of the fundamental reasons why users are hesitant to share personal information online. The best examples of this are the online retail business and the credit card industry. With the emerging trend of digitalization, particularly online shopping, the Payment Card