Application Security Market Size

Application Security Market size was over USD 10.97 billion in 2024 and is projected to cross USD 88.59 billion by the end of 2037, witnessing more than 17.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of application security is estimated at USD 12.5 billion. The major factor set to influence the growth of the market is the growing adoption of cloud. In 2022, about 60% of organization all around the world were using one or two clouds in their organization. However, application security is very crucial for the cloud. Since cloud environments offer shared resources, it is particularly important to make sure that users can only access the information in their cloud-based applications that they are authorized to view.

Additionally, since sensitive data is sent from the user to the application across the internet and back again, cloud-based applications are also more prone to security breaches. A public cloud security incident was experienced by about 26% of firms in the past year, an increase of approximately 9% from the year before, and about 79% of businesses had at least one cloud security event in that time frame across the globe according to a survey.