Artificial Intelligence
Human Microbiome market is projected to grow at a CAGR of 25.0% by 2033: Visiongain
As per the report by Visiongain, the Human Microbiome Market was valued at US$186.8 million in 2022 and is projected to grow at a CAGR of 25.0 % during the forecast period 2023-2033.
Visiongain has published a new report: Human Microbiome Market, (COVID-19 Impact Analysis):- Market Segment by Product (Prebiotics, Medical Drugs, Diagnostic Tests & Skin Products ), Market Segment by Type (Fecal Microbiota Transplant, Live Biotherapeutics Products (LBP), Prebiotics, Post-Biotics & Precision Antibiotics), Market Segment by Technology (Proteomics, Metabolomics, Genomics{16srRNA Sequencing, Shotgun Sequencing and Long Read Metagenomics}), Market Segment by Application (Gastrointestinal, Infectious Diseases, Metabolic Diseases, Cancers, Gut-Brain Axis and Others ), plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Countries.
Rise in Funding from Private Ventures and Government Institutes to Trigger the Market Growth
Significant influx of capital has been the main factor driving the growth of human microbiome research. The Government of various countries have displayed their interest in this field and have made significant funding. For instance, NIH (National Institute of Health), U.S. initiated the first Human Microbiome Project in 2007 and supported this project for 10-years until 2016 with a funding amount of US$215 million from 2007 to 2016. While, the European Commission funded Horizon 2020, Human Microbiome project which has been initiated with the aim to boost the microbiome research innovation for tackling the pandemics. The project will be completed by 2024 with a complete duration of 3 years and will be co-ordinated by France’s National Research Institute for Agriculture, Food and Environment. The project has seized a total funding of €44 M (US$46.5 million) in 2019. There are presently three ongoing projects under this initiative which includes Project Oncobiome {€ 14.99 M (US$15.9 million)} (1 January 2019–31 December 2023), Microb-Predict {€ 15.00 M (US$ 15.9 million)} (1 January 2019 – 31 March 2025) and Gemma {€ 14.22 M (US$ 15.0 million} (1 January 2019 – 31 December 2023). Additionally, the European Union aims to fortify its microbiome research through international collaboration at the global level. Despite in its nascent stage, the human microbiome companies have touted attention of the private investors with the U.S. alone garnering a total of US $ 1 billion by 2020 from the year 2015. This funding includes venture funding, corporate and private equity backed companies. The major investors include Seventure Partners, Khosla Ventures, Leaps and JLabs. Players in the market are raising funds by portraying their potential drugs and their unique therapeutic applications. For instance, in March 2022, Microbiotica raised £50m ($67m) to advance its pipeline drugs for immuno-oncology and ulcerative colitis. New investors including Tencent and Flerie, Cambridge Innovation Capital, Seventure Partners and IP Group conducted Series B funding round for Microbiotica. Growing investors both from public and private institutions has boosted the morale of the market.
Download Exclusive Sample of Report
https://www.visiongain.com/report/human-microbiome-market-2023/#download_sampe_div
How has COVID-19 had a Significant Negative Impact on the Human Microbiome Market?
The COVID-19 reported to have dual negative impact on human microbiome market. The human microbiome clinical trials were disrupted due to COVID-19 pandemic. The direct interactions between the gut microbiome and COVID-19 were reported to have changes in faecal microbiome therapy (FMT) this has impacted the clinical trials which were in pipeline. Moreover, the COVID-19 impact was also seen in the lifestyle of patient population participating in the clinical trials leading to increased hygiene, change in food habits, intake of probiotics and medications to improve the immunity this consequently led to change in the human microbiota. The pandemic has put forth new challenges for research community including retention of patients in clinical trials, study design. Many companies had to put their clinical trials on -hold during the pandemic which had a negative economic impact on their balance sheets. During the pandemic, recruitment, sample sizing, collection of microbiome sample, storage and stools analysis for on-going clinical trials faced major roadblocks. Although, the psychological and psychiatric impact during the pandemic is known to change the gut environment, these have not been yet taken elucidated although their impact is considered to be significant. Therefore,COVID-19 has negatively impacted not only the operations of clinical trials but has also impacted the results of clinical trials in long term and also poses a major challenge for human microbiome players to mitigate its impact on their R&D studies.
How will this Report Benefit you?
Visiongain’s 276-page report provides 121 tables and 161 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the human microbiome market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for human microbiome. Get financial analysis of the overall market and different segments including by type, technology, therapeutics, product and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing human microbiome market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the Current Market Drivers?
Microbiome Biomarker Discovery Supporting the Growth of Companion Diagnostics
Microbiome biomarkers are expected to open new avenues of clinical diagnosis and treatment methodology as compared to the traditional biomarkers. There has been a significant research being conducted to identify these biomarkers and few of these studies have shown a strong correlation or dysbiosis or imbalance in the gut microbial community. For instance, Parkinson’s’ disease depict an increase in Lactobacillus, Akkermansia, Bifidobacterium and Verrucomicrobiacea while, roseburia, Faecalibaterium, prevolta and Blautia appear to be less. Similarly such dysbiosis have been identified in diseases such as IBD (which includes ulcerative colitis and Crohn’s Disease) and colorectal cancer. Some microbiome players are using their proprietary microbiome mining platforms for identification of these biomarkers. Many have collaborated with big pharma players to support microbiome as adjuvant therapies. For instance, in June 2022, the two companies BiomX and Boehringer Ingelheim collaborated to discover IBD microbiome biomarkers. BiomX will be utilizing its XMarker microbiome based biomarker discovery platform with the objective to find IBD biomarkers which are parallel to the Boehringer Ingelheim first in class pipeline drugs for treatment of IBD. Some of the other major players in this market include GLC Biotechnology Inc., GoodGut S.L., ZMD Group, Pescient Metabiomics, and LLC. Some companies are also focusing on vaginal microbiota for understanding and its correlation with in-vitro fertilization and microbiome analysis of cancer tissue. This is being developed Micronoma (CA, U.S. based firm). However validation of these biomarkers is very important as many of them change in response to the external factors making it difficult to make the exact co-relation
High Throughput Sequencing, Machine Learning (AI & Deep Learning) to Reinforce the Market Growth
Technological advances using the next generation sequencing platforms have enabled the researchers to profile a plethora of microbial diversity. Low costs of sequencing is now permitting large scale studies of the microbial community. As most of the microbe exhibit identical 16SrRNA gene, the 16SrRNA is the most popular method used for functional classification of microbe genes. As not all the genes are represented in 16SrRNA, shotgun metagenomics sequencing method is gaining more preference. The short-gun metagenomics sequencing provides a direct measurement of all the genes present, which can be used as potential functional gene product for treatment. The large datasets are crucial for better understanding the microbial ecology for which Artificial intelligence and Machine Learning has proven to be instrumental for correlating the human health and microbial community gene profiles. Although machine learning techniques are considered extremely useful, they have their own set of challenges such as model appropriate for the characteristics of data, incomplete data-sets and lack of interpretability. Also, Artificial Intelligence aids to develop predictive models for personalized therapeutic interventions. Such interventions could include change in diet or use of prebiotics or post biotics or combination of both. Artificial intelligence is expected to support the growth of as a better diagnostic tool for gut microbiome research. Xbiome, China-based firm is using AI and microbiology in combination to decode the human gut for a novel drug discovery. Its proprietary AI – platform named X-Optim helps in accelerating the drug discovery through use of machine learning algorithms. The platform helps in early evaluation of drug candidate thereby fastening the drug approval processes.
Download Exclusive Sample of Report
https://www.visiongain.com/report/human-microbiome-market-2023/#download_sampe_div
Where are the Market Opportunities?
Manufacturing of LBPs has been extremely challenging and is capital intensive. Very few innovator companies can carry the manufacturing operations in-house for example Enterome Bioscience, Finch Therapeutics, and Nubiyota. However, many start-ups lack expertise, availability of skilled labour, and expensive manufacturing processes including use of the bioreactors, upstream, and downstream processes. This has compelled the innovator firms to scout for contract service providers to commercialize their products at large scale through the use of highly specialized GMP-qualified manufacturing facilities. This has created new avenues for contract manufacturing firms that are specialized to deal with LBP products. For instance, in 2021, Seres Therapeutics inked an agreement with Bacthera to produce its lead SER-109 drug for CDI on commercialization. In addition, Bacthera has also established a dedicated Microbiome Center of Excellence on its Lonza campus in Switzerland. Another leading CDMO in this segment is Arranta Bio which plans to tap this market opportunity and announced 13,000 sq. Feet manufacturing facility in Massachusetts to complement its existing facilities in Watertown, Massachusetts and Gainesville, Florida, bringing the total manufacturing capacity at Arranta to over 230,000 square feet
Competitive Landscape
The major players operating in the human microbiome market are Rebiotix Inc., ( a Ferring Pharmaceutical company), Seres Therapeutics, Finch Therapeutics, Vedanta Biosciences, MaaT Pharma, Axial Therapeutics, Enterobiome, Enterome, Synlogic, BiomX, and Theriva Biologics (ex-Synthetic Biologics). These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new drugs for various therapeutic indications.
Recent Developments
- On 22nd December 2022, Biomica Ltd, a subsidiary of Evogene Ltd (Israel) inked an agreement with the Shanghai Healthcare Capital to raise US$20 million through financing round. This capital raised by Biomica would help the company to accelerate its current ongoing clinical studies for drug candidates named BMC128 (Phase 1) and BMC333 (Phase 1) for therapeutic indications of immuno-oncology and Irritable Bowel Disease (IBD) respectively.
- On 22nd November 2022, AsiaBiome, a Hong Kong based start-up was acquired by Holobiome (U.S.). This acquisition will support Holobiome to access the robust donor network of Asian community and also explore the lucrative market of Asia in future.
To access the data contained in this document please email [email protected]
To find more Visiongain research reports on the Pharma sector, click on the following links:
Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]
About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.
Contact:
Visiongain Reports Limited
Telephone: +44 (0) 20 7336 6100
Email: [email protected]
Web: www.visiongain.com
Artificial Intelligence
Internet of Things (IoT) in Smart Cities Market: Driving Adoption for a USD 795.98 Billion Future by 2031| SkyQuest Technology
WESTFORD, Mass., July 5, 2024 /PRNewswire/ — According to SkyQuest, the global Internet of Things (IoT) in Smart Cities Market size was valued at USD 148.60 billion in 2022 poised to grow from USD 179.06 billion in 2023 to USD 795.98 billion by 2031, growing at a CAGR of 20.5% in the forecast period (2024-2031).
The innovative IoT based smart city solutions are increasing the demand in various sectors. These solutions include analytics, security, cloud, and network connectivity. One of the major drivers of market expansion in smart cities is the rise of government initiatives and smart city projects. Growth in the use of IoT technologies for control and monitoring is expected to drive the market. High urban population density contributes to the growth. IoT devices, sensors and data analytics are all integrated into the concept of “smart cities” to enhance urban growth, efficiency and sustainability.
Download a detailed overview:
https://www.skyquestt.com/sample-request/internet-of-things-in-smart-cities-market
Internet of Things (IoT) in Smart Cities Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 179.06 billion
Estimated Value by 2031
USD 795.98 billion
Growth Rate
Poised to grow at a CAGR of 20.5%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Offering and Application
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Evolving IoT Technology and Urban Transformation
Key Market Drivers
Rise in Adoption of IoT Technology
Segments covered in Internet of Things (IoT) in Smart Cities Market are as follows:
OfferingSolutions (Remote Monitoring, Real Time Location System, Data Management, Reporting and Analytics, Security, Network Management), And Services (Professional Services {Consulting, System Integration and Deployment, Support and Maintenance}, And Managed Services)ApplicationSmart Transportation, Smart Building, Utilities, Citizen Services (Education, Healthcare, Public Safety)Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/internet-of-things-in-smart-cities-market
Smart Infrastructure: IoT Offerings Shaping Tomorrow’s Cities
The solutions segment accounted for the largest share and dominate the market. The global internet of things (IoT) in smart cities market offers practical innovative solutions focused on integrated information that stores, processes and acts on large amounts of data generated by networked devices for real-time location system optimization and remote monitoring facilitates better monitoring and faster response.
On the other hand, the services segment of the global market is expected to grow the fastest in the smart city market. First, the challenges of adopting IoT solutions are increasing the need for consulting, integration and managed services, which require specialized skills. Second, cities depend on them tasks are raised to build, deploy and control customized solutions while aiming to maximize the value of IoT systems.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/internet-of-things-in-smart-cities-market
Transforming Urban Living: IoT Applications in Smart Cities
Real-time traffic management, predictive maintenance, and advanced public transport planning enabled by communication technologies and data analytics are the main areas of current innovation and applications in smart transportation in the world. There is scarcity of resources, pollution and traffic, and increased accessibility and security. Transportation is the largest segment in the global market by application.
In the market, public sector service centers are expected to grow rapidly due to the global IoT’s ability to improve lives for its inhabitants. It provides smart classrooms by academically enhancing the learning experience. IoT in healthcare enables smarter, more efficient and more efficient patient management, thus contributing to market expansion. It also provides comprehensive surveillance systems and emergency response measures that affect public safety. They have the potential to improve urban growth, efficiency and quality of life. Growing growth in IoT technology and public safety concerns are driving the rapid growth of the segment.
Smart Cities, Smarter Future: The Role of IoT
The Internet of Things (IoT) is changing the way smart cities work, offering unprecedented connectivity and integration. As cities become more connected, the use of IoT technology seamless integration becomes increasingly important in a sustainable environment. These connected devices and sensors can collect and analyze data in real time, allowing for more informed decision making.
Related Reports:
Internet Of Things (IoT) Market
IoT Security Market
Narrowband-IoT (NB-IoT) Market
Consumer IoT Market
Internet of Things (IoT) Professional Services Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/internet-of-things-iot-in-smart-cities-market-driving-adoption-for-a-usd-795-98-billion-future-by-2031-skyquest-technology-302189928.html
Artificial Intelligence
Cloud Security Market Will Surpass USD 147.45 Billion by 2031; Rise of Cloud Computing to Aid Growth| SkyQuest Technology
WESTFORD, Mass., July 5, 2024 /PRNewswire/ — According to SkyQuest, the global Cloud Security Market size was valued at USD 33.5 billion in 2022 and is poised to grow from USD 39.5 billion in 2023 to USD 147.45 billion by 2031, growing at a CAGR of 17.9% in the forecast period (2024-2031).
Increase in complexity of cyberattacks and data breaches has bolstered the demand for novel cloud security solutions around the world. The rising use of cloud technologies and platforms on a global level is also boosting the cloud security market growth. The high use of cloud computing and edge computing services by multiple organizations also creates a high demand for better cloud security infrastructure. The global cloud security market is segmented into type, service model, offering, end user, and region.
Download a detailed overview:https://www.skyquestt.com/sample-request/cloud-security-market
Cloud Security Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 39.5 billion
Estimated Value by 2031
USD 147.45 billion
Growth Rate
Poised to grow at a CAGR of 17.9%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Service Model, End-User and Offering
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Digital Transformation Fortifying Cloud Security with AI and ML
Key Market Drivers
Rising demand for Cloud Computing and Cybersecurity through Advanced Data Solutions
Segments covered in Cloud Security Market are as follows:
TypeLegal Issues, Compliance, Governance, Virtualization, Data Security, Interface, Network SecurityService ModelSaaS (Software as a Service), IaaS (Infrastructure as a Service), PaaS (Platform as a Service)End-UserAerospace & Defence, Government, BFSI, Healthcare, IT, Telecommunication, Manufacturing, Retail, Energy & Utilities, Media & Entertainment, OthersOfferingSolutions, ServicesRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/cloud-security-market
Compliance to Remain a Key Cloud Security Concern for All Companies through 2031
Compliance has always been a key part of any security solution and the same is also true for cloud security as well. Regulatory bodies and governments have been implementing stricter laws and mandates to ensure the safety of data on cloud platforms. Ensuring compliance with these norms is essential for any cloud service provider, which is why a security solution that understands and manages compliance is always in demand. Ensuring cross-border compliance could help cloud security companies get more bang for their buck in the future.
Legal issues and data privacy concerns are also estimated to drive up the demand for novel cloud security solutions. Complex legal and regulatory frameworks are also contributing to the high adoption of cloud security with legal security features as well. Data and network security are also important aspects that cloud security providers need to emphasize going forward.
Cloud security Solutions to Remain Essential Securing a Cloud Environment
Cloud security solutions powered by artificial intelligence and other advanced technologies are being developed around the world. Deployment of different solutions for enterprise and individual cloud applications will also create new opportunities for cloud security market players over the coming years. Data loss prevention and disaster recovery are some key features of cloud security solutions that most companies are trying to improve. Meanwhile, the rapid adoption of cloud security is also creating a high demand for cloud security services as well. Cloud security providers are continually focusing on improving their services by offering round-the-clock support and predictive threat management services.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/cloud-security-market
High Use of Cloud Platforms and Technologies in the IT Industry Creates an Opportune Setting for Cloud Security Vendors
The information technology (IT) industry has always led the adoption of novel technologies and the cloud is one of them. The rising use of cloud platforms and migration of traditional technologies in cloud environments are boosting the demand for cloud security in the IT industry. The BFSI industry will also offer new moneymaking scope for cloud security providers as it moves towards digitization and the incidence of digital frauds increases. Telecommunication end users are also expected to bolster the demand for novel cloud security solutions as they utilize cloud technology to become digital service providers. Adoption of automation and smart manufacturing practices in the manufacturing space will also promote the use of cloud platform, which in turn, is expected to boost cloud security demand as well.
Cloud security companies have a lot of potential to expand their business in many industry verticals. New companies can focus on providing services to build a strong market presence and then move on to making cloud security solutions to compete with the leading market players.
Related Report:
Cyber Security Market
Network Security Market
Endpoint Security Market
Managed Security Services Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cloud-security-market-will-surpass-usd-147-45-billion-by-2031-rise-of-cloud-computing-to-aid-growth-skyquest-technology-302189958.html
Artificial Intelligence
Application Security Market to Surpass USD 17.51 Billion by 2031; Rising Incidence of Cyberattacks to Drive Market | SkyQuest Technology
WESTFORD, Mass., July 5, 2024 /PRNewswire/ — According to SkyQuest, the global Application Security Market size was valued at USD 5.28 Billion in 2022 and is poised to grow from USD 6.08 Billion in 2023 to USD 17.51 Billion by 2031, growing at a CAGR of 14.14 % during the forecast period (2024-2031).
High reliance on applications and growing digitization around the world are key factors that promote the demand for application security. Increasing sophistication and frequency of cyberattacks on a global scale is also predicted to augment the application security market growth trajectory across the forecast period. The imposition of stringent safety mandates by regulatory bodies is also bolstering the demand for better application security solutions. The global application security market is segmented into component, deployment mode, organization size, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/application-security-market
Application Security Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 6.08 billion
Estimated Value by 2031
USD 17.51 billion
Growth Rate
Poised to grow at a CAGR of 14.14%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Component, Deployment Model, Organization Size and Verticals
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Increased Number of Sophisticated Attacks
Key Market Drivers
The Rising Demands for Regulatory Compliance within Solution
Segments covered in Application Security Market are as follows:
TypeWeb Application Security, and Mobile Application SecurityComponentSolutions (Security Testing Tools (Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Interactive Application Security Testing (IAST), Runtime Application Self-Protection (RASP)) Container Security, API Security, and Others Solution), and Services (Professional Services, (Consulting services, Training & Education, Integration and maintenance, Penetration Testing) Managed Services)Deployment ModeCloud and on-premisesOrganization SizeLarge Enterprises, and Small & Medium EnterprisesVerticalsBFSI, Healthcare, IT & ITES, Telecommunication, Manufacturing, Government and Public Sector, Retail & E-commerce, Education, and OthersRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/application-security-market
On-premises Deployment of Application Security Solutions is Preferred for its Better Control and Flexibility
On-premises application security solutions and systems are usually handled by a company’s own employees, and this is why they are somewhat safer from cyberattacks or breaches. Little to no involvement of external personnel in the management and operation of on-premises application security is what gives the users and organizations the satisfaction of a better-secured application. Large enterprises are more inclined to opt for such solutions as this requires substantial capital investment and commitment over the long term.
Most application security companies are projected to target cloud deployment owing to rising awareness and acceptance of cloud technologies and platforms. Advancements in cloud computing technologies and the high emphasis of organizations on improving resource utilization are predicted to favor the demand for cloud-based application security solutions in the future.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/application-security-market
Large Enterprises More Inclined to opt for Application Security Solutions Owing to Their High Spending Capacity
Large enterprises use a variety of applications to ensure their operations and infrastructure run as intended. This includes third-party apps as well as internal company applications. The security of these applications is the priority as any lapses in them could lead to devastating data breaches and cyberattacks. Rising spending on large enterprises on improving their cybersecurity and specialized emphasis on application security is also making this segment an important one for application security providers. Small and medium enterprises (SMEs) are also expected to create new opportunities for application security companies in the future as application security becomes more affordable and important.
Software Tools to Remain Quintessential in Creating and Managing Application Security
Application security testing software is a key segment where almost all application security companies are focusing. Ensuring proper testing of application security is an essential task and any lapses in this could lead to vulnerabilities in applications that hackers can exploit. Multiple testing tools and testing approaches are being explored to ensure the efficacy of application security solutions.
Dynamic Application Security Testing (DAST) is gaining massive popularity around the world and all application security companies are trying to take this approach to maximize the security of their offerings. Investing in application security testing tools will never be a bad choice for any company looking to make a mark in the global application security market going forward.
Application security providers need to stay updated with new threats and incorporate the same in their products to stay relevant in the market. Investments in development of new application security solutions with advanced technologies and features should be the focus of upcoming as well as established application security market players in the long run.
Related Report:
Cyber Security Market
Blockchain Identity Management Market
Secure Access Service Edge Market
Zero Trust Security Market
Endpoint Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh SkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/application-security-market-to-surpass-usd-17-51-billion-by-2031-rising-incidence-of-cyberattacks-to-drive-market–skyquest-technology-302189924.html
-
Artificial Intelligence4 days agoConsole Connect Recognized with Frost & Sullivan’s 2024 Global Technology Innovation Leadership Award for Its Outstanding Automation and Blockchain Solutions
-
Uncategorized3 days agoGSA Announces AI-Themed Hackathon
-
Uncategorized3 days ago
ATO Stepping Up AI Capabilities to Be Leader by 2030
-
Artificial Intelligence3 days agoViking Analytics & Bharat Forge signs a 3 year contract
-
Uncategorized3 days ago
Auditchain Labs AG Announces Roll-Out of Pacioli AI for Compliance with MiCA and VARA White Paper Disclosures
-
Uncategorized3 days agoHow Financial Institutions Can Get Their AI Strategy Right
-
Artificial Intelligence4 days agoCreator-first AI x Blockchain Project Animechain.ai Reveals Its White Paper and Participation in IVS Crypto 2024 KYOTO as a Platinum Sponsor
-
Uncategorized3 days ago
AImotive Achieves ISO 26262 ASIL-D Re-Certification for aiSim 5
