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In-vitro Fertilization Microscopes Market Size is projected to reach USD 178.27 million by 2030, growing at a CAGR of 8.3%: Straits Research

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11 months ago

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New York, United States, Aug. 07, 2023 (GLOBE NEWSWIRE) — In-vitro fertilisation microscopes are utilised for a variety of processes, including the examination of sperm, the preparation of oocytes for fertilisation, the actual process of in-vitro fertilisation, and an overall evaluation of the embryo. In-vitro fertilisation operations include oocyte preparation, assessing the embryo, and testing the semen all need the usage of microscopes. These microscopes are used for in-vitro fertilisation. The primary factors that have been driving growth in the in-vitro fertilisation microscopes market are the increasing demand for in-vitro fertilisation as a treatment for male and female infertility and the high success rates of in-vitro fertility procedures.

The method known as in vitro fertilisation, or IVF, involves fertilising egg cells with sperm outside of the body, in a dish at a laboratory, before placing the resulting embryo inside of a woman’s uterus to carry the pregnancy to term. In vitro fertilisation (IVF) is a form of assisted reproductive technology that can be used to treat infertility caused by genetic conditions or to aid with the conceiving of a child. The process of fertilisation begins with the collection of a sample of sperm cells, continues with the extraction of eggs, and concludes with the merging of an egg and sperm by hand in a laboratory environment to generate an embryo. After that, the embryo or embryos are moved into the uterus so that the pregnancy can continue. There are two methods of fertilisation that may be used in in vitro fertilisation, and they are insemination and intracytoplasmic sperm injection (ICSI).

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Increased adoption because of a higher success rate

The expansion of the market would be fuelled by factors such as the rising success rate of in-vitro fertilisation treatments and the accessibility of financial help.

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In addition, developments in technology made by companies that produce goods are making treatments more effective and are likely to bring down the overall cost of procedures. Some of the most important developments that have occurred in the market are improvements in the quality of microscopic examinations brought about by high contrast and developments in the IVF microscope-related equipment.

An increasing infertility rate because of changes in lifestyle as well as the expanding trends of assisted reproductive technologies are the primary factors driving the expansion of the worldwide market for in vitro fertilisation (IVF). The rising incidence of infertility among both men and women is anticipated to be a primary driver of growth in the IVF microscopes market over the course of the upcoming forecast period. In addition, an increasing number of ovulation illnesses as well as the application of preimplantation genetic screening or diagnosis in the medical industry may be factors that contribute to the expansion of the in vitro fertilisation market.

It is anticipated that attractive chances for market development will present themselves as a result of an increase in productivity tourism, an improvement in the number of fertility clinics, and a lower cost of IVF procedures in developing nations in comparison to industrialised ones.

 

Report Scope

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Report Metric Details
Market Size by 2030 USD 178.27 million
Market Size in 2021 USD 94.2 million
CAGR 8.3% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By End User(Clinical Centres, Hospitals and Academic research)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Olympus Corporation, Nikon Corporation, Leica Microsystems, Mojo, Thorne Ltd., Meiji Techno, Zeiss, Euromex Microscope B.V., Linkam Scientific Instruments, Eppendorf AG, Hamilton Labomed Europe B.V., Sutter Instrument Company, Narishige Group, and Tritech Research Inc.
Key Market Opportunities low cost of IVF procedures in developing nations
Key Market Drivers Increased Adoption as A Result of a Higher Success Rate

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Regional Overview of In-vitro Fertilization Microscopes

Due to reasons such as increasing fertility tourism, regulatory changes, and product innovation, Europe led the market for in-vitro fertilisation microscopes and accounted for the biggest revenue share of 24.5 percent in 2021. This resulted in Europe holding the dominant position. A considerable increase in the use of time-lapse equipment coupled with clinic-designed algorithms has been spotted in this region. The development of microscopes that can perform all of the necessary imaging tasks within a single embryo chamber and therefore eliminate the need for numerous workstations is contributing to the reduction of the amount of space required for the operation as well as its overall cost. To fuel the expansion of the market for IVF microscopes throughout the course of the forecast period, businesses that are active in the area are implementing a variety of tactics, some of which include the introduction of new products and the funding of research efforts.

Key Highlights

  • The global market for In-vitro Fertilization Microscopes size is expected to reach USD 178.27 million in 2030 expanding at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030.
  • Increased use of IVF due to the good success rate will drive the market.
  • Technology developments will also drive the market growth.
  • The global market for IVF microscopes is segmented into the following: End user and Region.
  • Based on end user the market for IVF micrioscopes is divided into Clinical Centres, Hospitals and Academic research. The clinical sector led the market for IVF microscopes in 2021, accounting for 94.6 percent of total revenue. This sector is also anticipated to see the most rapid expansion over the course of the forecast period
  • IVF facilities offer a variety of services, such as identifying healthy oocytes, analysing sperm, performing in-vitro fertilisation (ICSI), monitoring embryo development, and freezing and storing embryos
  • Due to reasons such as increasing fertility tourism, regulatory changes, and product innovation, Europe led the market for in-vitro fertilisation microscopes and accounted for the biggest revenue share of 24.5 percent in 2021.

Competitors in In-vitro Fertilization Microscopes

The leading companies that compete in the market for in-vitro fertilisation microscopes include Olympus Corporation, Nikon Corporation, Leica Microsystems, Mojo, Thorne Ltd., Meiji Techno, Zeiss, Euromex Microscope B.V., Linkam Scientific Instruments, Eppendorf AG, Hamilton Labomed Europe B.V., Sutter Instrument Company, Narishige Group, and Tritech Research, Inc., amongst others.

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Segmentation of In-vitro Fertilization Microscopes

By end user

  • Clinical Centres
  • Hospitals and Academic research

By Region

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

TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  1. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  1. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  1. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Sales And Distribution Channel Analysis
    4. Trade Analysis
    5. Average Pricing Analysis
    6. Patent Analysis
    7. M & A Agreements & Collabration Analysis
    8. Cost Structure Analysis
  2. ESG TRENDS
  3. GLOBAL IN-VITRO FERTILIZATION MICROSCOPES MARKET SIZE ANALYSIS
    1. Global In-Vitro Fertilization Microscopes Market Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
  1. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
    1. U.S.
      1. By End User
        1. Introduction
          1. End User By Value
        2. Clinical Centres
          1. By Value
        3. Hospitals And Academic Research
          1. By Value
    1. Canada
  1. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
    1. U.K.
      1. By End User
        1. Introduction
          1. End User By Value
        2. Clinical Centres
          1. By Value
        3. Hospitals And Academic Research
          1. By Value
    1. Germany
    2. France
    3. Spain
    4. Italy
    5. Russia
    6. Nordic
    7. Benelux
    8. Rest Of Europe
  1. APAC MARKET ANALYSIS
    1. Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
    1. China
      1. By End User
        1. Introduction
          1. End User By Value
        2. Clinical Centres
          1. By Value
        3. Hospitals And Academic Research
          1. By Value
    1. Korea
    2. Japan
    3. India
    4. Australia
    5. Taiwan
    6. South East Asia
    7. Rest Of Asia-Pacific
  1. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
    1. UAE
      1. By End User
        1. Introduction
          1. End User By Value
        2. Clinical Centres
          1. By Value
        3. Hospitals And Academic Research
          1. By Value
    1. Turkey
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Nigeria
    6. Rest Of MEA
  1. LATAM MARKET ANALYSIS
    1. Introduction
    2. By End User
      1. Introduction
        1. End User By Value
      1. Clinical Centres
        1. By Value
      1. Hospitals And Academic Research
        1. By Value
    1. Brazil
      1. By End User
        1. Introduction
          1. End User By Value
        2. Clinical Centres
          1. By Value
        3. Hospitals And Academic Research
          1. By Value
    1. Mexico
    2. Argentina
    3. Chile
    4. Colombia
    5. Rest Of LATAM
  1. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. In-Vitro Fertilization Microscopes Market Share By Manufacturers
    3. In-Vitro Fertilization Microscopes Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  1. MARKET PLAYERS ASSESSMENT
    1. Olympus Corporation
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    2. Nikon Corporation
    3. Leica Microsystems
    4. Mojo
    5. Thorne Ltd.
    6. Meiji Techno
    7. Zeiss
    8. Euromex Microscope B.V.
    9. Linkam Scientific Instruments
    10. Eppendorf AG
    11. Hamilton Labomed Europe B.V.
    12. Sutter Instrument Company
    13. Narishige Group
    14. Tritech Research Inc
  1. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      1. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      1. Secondary And Primary Research
        1. Key Industry Insights
    1. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    1. Research Assumptions
      1. Assumptions
    1. Limitations
    2. Risk Assessment
  1. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  1. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/in-vitro-fertilization-microscopes-market/toc

Recent developments by key players

Mojo, a reproductive tech business, secured investment of roughly USD 1.8 million in November 2019. The company is creating a solution that combines AI software and microscopy gear to aid in sperm selection by concentrating on sperm count, morphology, and speed.

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Nikon Microscopes released the ECLIPSE Ti2-U IVF in August 2021 for early operations in intracytoplasmic sperm injection (ICSI).

The Global Fertility Alliance welcomed Zeiss and Hamilton Throne in June 2020. The Global Fertility Alliance is committed to aiding in the standardisation of ART (Assisted Reproductive Treatment) laboratory practises. Merck KGaA, Illumina Inc., and Genea Limited are the alliance’s current members.

News Media

Global Ophthalmic Operating Room Microscope Market Grows Steadily at a CAGR of 4.8%

Global Scanning Electron Microscope Market Worth USD 6.7 Billion by 2031 | CAGR of 8.2%

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Have a Look at the Related Research Report

Fertility Test Market: Information by Product (Ovulation Prediction Kits, Fertility Monitors), Mode of Purchase (OTC-based, Prescription-based), Application, and Region — Forecast till 2030

Fertility Services Market: Information by Procedure (IVF with Intracytoplasmic Sperm Injection (ICSI), Surrogacy), Service (Fresh Non-Donor, Fresh Donor), and Region — Forecast till 2030

In-Vitro Diagnostics Market: Information by Product and Service (Instrument, Kits), Technology (Immunoassay, Hematology), Application (Diabetes, Oncology), and Region — Forecast till 2030

Mother and Child Healthcare Market: Information by Services (Prenatal, Birthing, Postnatal), Maternal Age (Under 20, 21 to 30), Location (Hospitals), and Region — Forecast till 2030

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Reproductive Genetics Market: Information by Procedure Type (Prenatal Screening), Application Type (Aneuploidy, Single Gene Disorders), and Region—Forecast till 2031

Assisted Reproductive Technology Market: Information by Product (Instrument, Accessory & Disposable, and Reagent & Media), Type (IVF, Artificial Insemination), End User and Regions—Forecast Till 2030

About Straits Research Pvt. Ltd.

Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.

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For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)

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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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2 days ago

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July 5, 2024

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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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Artificial Intelligence

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

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2 days ago

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July 5, 2024

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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
 

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Artificial Intelligence

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

Published

2 days ago

on

July 5, 2024

By

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:
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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.
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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
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