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Healthcare Additives Manufacturing Market Size & Share to Surpass $29.5 Bn by 2030 | Vantage Market Research

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WASHINGTON, Aug. 07, 2023 (GLOBE NEWSWIRE) — According to Vantage Market Research, the Healthcare Additives Manufacturing Market has been experiencing consistent growth, driven by the rising significance of medical advancements and technical innovations. In both developed and developing countries such as the US, China, and India, there is a growing focus on preventive healthcare and cost-effective solutions. Additive manufacturing, also known as 3D printing, is proving to be a promising approach in the healthcare industry. Its application in this field has the potential to revolutionize disease treatment. By enabling the production of accurate 3D models for testing, it significantly enhances the efficiency of clinical trials.

As per the findings of Vantage Market Research, the global Healthcare Additives Manufacturing Market is projected to reach an estimated value of USD 29.5 Billion by the year 2030. This significant growth is expected to be driven by a Compound Annual Growth Rate (CAGR) of 17.2% from 2023 to 2030. Notably, in 2022, the Healthcare Additives Manufacturing market already reached a substantial milestone, attaining a value of USD 7.6 Billion.

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The significance of the additive manufacturing market in the healthcare sector becomes even more pronounced during infectious disease outbreaks, such as the COVID-19 pandemic. The revolutionary impact of additive manufacturing in healthcare makes the items used in this field of utmost importance in the market. These items, including 3D-printed medical equipment, implants, prostheses, and healthcare solutions, offer numerous benefits that contribute to the improvement of patient outcomes and the overall efficiency of healthcare.

One of the key advantages of additive manufacturing in healthcare is its ability to enable customization. By allowing for patient-specific therapy alternatives, additive manufacturing empowers medical professionals to tailor treatments to individual patients’ needs. This personalization leads to improved patient outcomes and enhanced treatment efficacy, as medical devices and implants are precisely designed to fit each patient’s unique anatomical characteristics.

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Top Findings

  • By Technology, Deposition Modeling holds the largest share across the globe in the forecast period 2023 to 2030.
  • By Application, the Medical Implants segment dominated the largest market share globally from 2023 to 2030.
  • By Material, the Polymers segment will increase the Market from 2023 to 2030.
  • In 2022, North America dominated the market with the highest revenue share of 48.50%.
  • The Asia Pacific region will grow at a high CAGR from 2023-2030.

Top Companies in the Healthcare Additives Manufacturing Market  

  • GE Additive (Sweden)
  • 3D Systems Inc. (U.S.)
  • EnvisionTEC (Germany)
  • RegenHU (Switzerland)
  • Allevi Inc. (U.S.)
  • EOS GmbH (Germany)
  • Materialise N.V. (Belgium)
  • Stratasys Ltd. (Israel)
  • Nanoscribe GmbH (Germany)
  • GPI Prototype and Manufacturing Services LLC (U.S.)
  • 3T Additive Manufacturing Ltd. (UK)
  • Fathom (U.S.)
  • General Electric (U.S.)

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Top Trends in Global Healthcare Additives Manufacturing Market

The increasing emphasis on personalized medicine has been a driving force behind the growth of additive manufacturing in healthcare. With the ability to create medical devices, implants, and prostheses tailored to individual patients’ specific needs, additive manufacturing enables personalized treatment approaches. This focus on patient-specific solutions leads to improved therapeutic outcomes and patient satisfaction.

3D bioprinting is a rapidly emerging trend in additive manufacturing for healthcare. This technology allows for the creation of intricate biological tissues and structures, making organ transplantation and tissue engineering more feasible than ever before. 3D bioprinting holds the promise of revolutionizing regenerative medicine and providing novel solutions for patients in need of organ replacements or tissue repairs.

Additive manufacturing processes are increasingly incorporating artificial intelligence (AI) and machine learning. These technologies offer significant advantages, such as better design optimization, process automation, and quality control. AI-powered algorithms can analyze complex data to optimize designs, streamline production processes, and ensure the quality and consistency of manufactured medical products.

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The utilization of cutting-edge materials is expanding the possibilities of healthcare additive manufacturing. Biocompatible and bioresorbable materials are gaining traction, as they allow for the production of medical devices and implants that can be safely integrated into the human body and gradually absorbed over time. These materials open up new avenues for innovative medical solutions and improve patient outcomes.

Market Drivers

Several key factors drive the healthcare additive manufacturing market. The demand for personalized medicine and patient-specific treatments fuels the adoption of additive manufacturing technologies in healthcare. The ability to produce specialized medical devices, implants, and prosthetics tailored to individual patient needs is a significant driver. Additionally, advancements in additive manufacturing technologies, such as 3D printing, contribute to market growth by enabling faster production, improved accuracy, and expanded material options. The market is further fueled by the increased prevalence of chronic diseases and the demand for affordable healthcare solutions. Additionally, encouraging legislative frameworks, research and development projects, and partnerships between academic, industrial, and healthcare organizations foster innovation and encourage the use of additive manufacturing in healthcare.

Market Restraints

One of the primary barriers to adopting additive manufacturing in healthcare is the significant upfront investment required. Implementing 3D printing and other additive manufacturing technologies demands substantial funding for infrastructure setup, specialized equipment, and advanced materials. For healthcare systems with limited financial resources, this high cost can be a deterrent to adoption.

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The healthcare industry is subject to stringent quality standards and regulatory requirements to ensure patient safety and product efficacy. Incorporating additive manufacturing technologies into medical device production involves adherence to these standards and regulations. The process of obtaining necessary regulatory clearances for medical devices and implants may be prolonged due to the lack of standardized guidelines specific to additive manufacturing in healthcare.

The absence of well-established industry standards and guidelines specific to additive manufacturing in healthcare poses a challenge. The lack of standardized practices can lead to uncertainty and caution among healthcare professionals and manufacturers, potentially impeding the widespread adoption of these technologies.

The successful implementation of additive manufacturing in healthcare necessitates a skilled workforce proficient in the use of these technologies and related design and engineering procedures. The shortage of qualified personnel with expertise in additive manufacturing may hinder the industry’s growth and adoption.

Ensuring the biocompatibility and compatibility of materials used in additive manufacturing processes for healthcare applications is crucial. Identifying suitable materials that meet the necessary safety and performance requirements can be challenging, limiting the range of applications and materials available for medical device production.

While additive manufacturing technologies have made significant advancements, some applications may still face challenges in terms of technology maturity and reliability. Ensuring consistent and reliable performance of medical devices and implants produced through additive manufacturing is essential for gaining trust and widespread acceptance in the healthcare sector.

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Market Opportunities

Additive manufacturing enables the creation of personalized medical equipment, implants, and prostheses, tailoring them to individual patient needs. This capability revolutionizes patient care by providing customized solutions that lead to improved treatment outcomes and patient satisfaction.

The use of additive manufacturing allows for the production of patient-specific models, implants, and surgical guides. These 3D-printed tools enhance surgical accuracy, aiding surgeons in planning and executing procedures with precision and reducing surgical risks.

Additive manufacturing has opened the door to the development of cutting-edge materials, including biocompatible and bioresorbable materials specifically designed for healthcare applications. These materials play a crucial role in tissue engineering and regenerative medicine, allowing for the production of intricate structures and bioactive components that promote tissue growth and repair.

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With the ability to produce complex and bioactive structures, additive manufacturing has significant potential in tissue engineering and regenerative medicine. This technology paves the way for the creation of functional organs and tissues, advancing the possibilities for organ transplantation and regenerative therapies.

The integration of artificial intelligence (AI) and machine learning into additive manufacturing techniques brings a new level of efficiency and productivity. AI-powered algorithms can optimize designs, automate processes, and ensure quality control, streamlining the production of medical devices and implants.

AI and machine learning algorithms can analyze vast amounts of data to optimize designs and identify the most efficient and effective configurations. This results in the development of high-performance medical solutions that meet specific patient requirements.

AI-driven automation in additive manufacturing streamlines the production process, reducing human error and minimizing production time. This automation enhances overall productivity and scalability, making additive manufacturing a more viable option for mass production of medical devices.
AI and machine learning can continuously monitor and assess the quality of manufactured medical products, ensuring compliance with stringent industry standards and regulations. This level of quality control helps build trust among healthcare professionals and patients in the reliability of additive manufacturing.

Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on Healthcare Additives Manufacturing Market Forecast Report (2023-2030).

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Recent Development of the Global Healthcare Additives Manufacturing Market

  • In August 2022: Sandvik moved significantly in the 3D printing materials market by acquiring Sphinx Tools Ltd and P. Rieger Werkzeugfabrik AG, two Swiss-based companies. This acquisition adds to Sandvik’s impressive portfolio of 3D printing materials and technologies.
  • In July 2022: When Markforged released its first high-temperature printing polymer. This thermoplastic material, ULTEM Filament, has excellent flame, smoke, and toxicity properties, making it suitable for aerospace production applications. With this release, Markforged is expanding its CFR technology into a new realm of parts, and the availability of ULTEM Filament in this new domain is expected to be a game-changer in the market.              

Regional Analysis

The North American region dominates the market for manufacturing healthcare additives globally. North America has been at the forefront of implementing additive manufacturing technology in the healthcare industry due to its advanced healthcare infrastructure, considerable investments in research and development, and a supportive regulatory framework. The desire for personalized treatment in the region has expanded, which has prompted the use of 3D printing for specialized medical equipment, implants, and prostheses. Collaborations between academic, industrial, and healthcare organizations have also sparked innovation and strengthened the region’s market leadership. The dominance of North America in the healthcare additive manufacturing industry has been cemented by the presence of major market competitors and a strong commitment to technological improvements.

The market for healthcare additive manufacturing is expected to expand quickly in the Asia Pacific area. This growth forecast is influenced by a number of variables, including the region’s growing population, rising disposable incomes, and improvements in the healthcare system. Additionally, nations like China, Japan, and India have made large R&D investments, encouraging innovation in additive manufacturing technology for medical purposes. The demand for affordable healthcare solutions and a sizable patient pool also benefits the Asia-Pacific area. As a result, the market for healthcare additive manufacturing in Asia is anticipated to rise as demand for personalized medical devices, implants, and prostheses soars.

Market Segmentation

By Technology

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  • Stereolithography
  • Deposition Modeling
  • Electron Beam Melting
  • Laser Sintering
  • Jetting Technology
  • Laminated Object Manufacturing
  • Other Technologies

By Application

  • Medical Implant
  • Prosthetic
  • Wearable Device
  • Tissue Engineering
  • Other Applications

By Material

  • Metal & Alloy
  • Polymer
  • Biological Cell
  • Other Materials

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Read Full Report with TOC @ https://www.vantagemarketresearch.com/industry-report/healthcare-additive-manufacturing-market-2225

Scope of the Report:    

Report Attributes Details
Market Size in 2022 USD 7.6 Billion
Revenue Forecast by 2030 USD 29.5 Billion
CAGR 17.2% from 2023 to 2030
Base Year 2022
Forecast Year 2023 to 2030
Key Players GE Additive,         3D Systems Inc., EnvisionTEC, RegenHU, Allevi Inc., EOS GmbH, Materialise N.V., Stratasys Ltd., Nanoscribe GmbH, GPI Prototype and Manufacturing Services LLC, 3T Additive Manufacturing Ltd., Fathom, General Electric
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options https://www.vantagemarketresearch.com/healthcare-additive-manufacturing-market-2225/customization-request

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Artificial Intelligence

Internet of Things (IoT) in Smart Cities Market: Driving Adoption for a USD 795.98 Billion Future by 2031| SkyQuest Technology

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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
 

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Cloud Security Market Will Surpass USD 147.45 Billion by 2031; Rise of Cloud Computing to Aid Growth| SkyQuest Technology

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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
 

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Application Security Market to Surpass USD 17.51 Billion by 2031; Rising Incidence of Cyberattacks to Drive Market | SkyQuest Technology

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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 

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