42 percent of respondents to a recent survey state that they are using personal email accounts for work without the approval of their employers’ information technology team. Shadow IT refers to information technology used by employees without knowledge of the company's IT department.

Additional shadow IT in use are personal messengers, video conferencing, or file storage services. Notably, these services can enhance communication among employees and contribute to making remote work models effective as they enable collaboration from different locations. The downside of using such devices and applications, especially without approval of the IT department, is that they are likely to become targets of cybercriminals.

The majority of respondents surveyed for this study stated that they were 100% sure that when an employee who has access to company infrastructure leaves, their access is revoked and they can no longer use company secrets to access the infrastructure. However, 21 percent of respondents were less than 25 percent sure about this aspect.

The main reason why employees resorted to shadow IT practices was that they believed it made daily activities faster and more efficient. Another 48 percent of respondents resorted to shadow IT due to lack of authorization for certain applications or software.

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Application Security Market Size 2025-2029

The application security market size is forecast to increase by USD 21.9 billion at a CAGR of 21.8% between 2024 and 2029.

The market is experiencing significant growth due to the increasing number of data leaks and the prevalence of shadow IT in organizations. With the digital transformation of businesses, the use of applications has become ubiquitous, leading to an exponential rise in potential vulnerabilities. The threat from open-source application security solutions adds to the complexity, as these solutions may not be adequately secured, leaving organizations open to attacks. Key drivers for the market include the growing awareness of cybersecurity risks, increasing regulatory compliance requirements, and the shift towards DevSecOps practices. Trends such as the adoption of cloud-based security solutions, containerization, and the integration of AI and machine learning in application security are also shaping the market's strategic landscape. However, challenges persist, including the shortage of skilled security professionals, the complexity of securing modern applications, and the lack of standardization in application security. Companies seeking to capitalize on market opportunities and navigate challenges effectively must invest in advanced security solutions, prioritize cybersecurity training, and adopt a proactive approach to application security. By doing so, they can mitigate risks, protect their digital assets, and build customer trust.

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The market is experiencing significant growth due to escalating cybersecurity threats against business applications. With the increasing reliance on software development for digital infrastructure, securing customer data and sensitive information has become a top priority for organizations. Security breaches, often perpetrated by hackers, pose serious risks to business-critical programs and can result in substantial financial and reputational damage. Artificial intelligence (AI) and machine learning (ML) are increasingly being adopted to detect and mitigate application vulnerabilities. These advanced technologies enable real-time monitoring and analysis of bionic signals and big data analytics to identify potential threats. However, the complexity of modern applications and the proliferation of third-party dependencies pose challenges to effective security management.
SMEs and large enterprises alike are investing in application security solutions to protect their online apps, mobile devices, IoT, and other digital assets from cyberattacks. Cybersecurity threats continue to evolve, with hackers targeting software weaknesses and exploiting vulnerabilities in digital infrastructure. Patching apps and securing data sharing are essential components of a strong application security strategy. The market is expected to continue growing as organizations prioritize the protection of their business applications and digital assets.

How is this Application Security Industry segmented?

The application security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  On-premises
  Cloud


End-user

  Web application security
  Mobile application security
  Web application security


Component

  Solution
  Service


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises application security refers to the deployment of security solutions within an organization's physical infrastructure or data centers, providing direct control over security systems and data. The market caters to this deployment model with solutions designed to safeguard web and mobile applications from cyber threats and vulnerabilities. Key features of on-premises application security solutions include Web Application Firewalls (WAFs), which act as a protective barrier against external threats, such as malicious attacks and unauthorized access attempts. Other solutions encompass machine learning and artificial intelligence (AI) for threat detection and vulnerability management prioritization, as well as transparent data encryption and anonymization technology for customer data security.

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The on-premises segment was valued at USD 3.94 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North Americ

A little more than half of the respondents in the U.S. stated that their employer provided them with IT support services throughout the entire duration of their work-from-home experience.

Cloud Discovery Market Size And Forecast

Cloud Discovery Market size was valued at USD 1176.33 Million in 2023 and is projected to reach USD 3856.49 Million by 2031, growing at a CAGR of 16.00% during the forecast period 2024-2031.

Global Cloud Discovery Market Drivers

The market drivers for the Cloud Discovery Market can be influenced by various factors. These may include:

Growing Cloud Service Adoption: Cloud services are being rapidly adopted by organisations from a wide range of industries because to their cost-effectiveness, scalability, and flexibility. The move to cloud platforms is happening faster still thanks to the expanding trends of remote work and digital transformation.

Better Cloud Security And Compliance Are Needed: Ensuring data security and regulatory compliance becomes crucial as more businesses shift to the cloud.By assisting in the identification of all cloud services in use, cloud discovery solutions improve security management and enable compliance with regulations such as GDPR, HIPAA, and others.

Multi-Cloud Cnvironments’ Complexity: Numerous companies employ various cloud service providers, which creates complicated and challenging-to-manage systems. Through visibility into these multi-cloud systems, cloud discovery solutions aid in resource management, cutting expenses and redundancies.

Concerns About Shadow IT: The term “shadow IT” describes the usage of IT resources and services without formal organisational consent, which raises security issues. By assisting in the identification and monitoring of unapproved cloud services, cloud discovery solutions help reduce the risks related to shadow IT.

Cost Control And Optimisation: Organisations look for underutilised or idle resources in order to maximise their cloud spending. Tools for cloud discovery offer insights into resource utilisation, facilitating more effective cost control and optimisation.

Enhanced Management And Operations Of IT: Tools for cloud discovery improve IT operations by giving users a thorough overview of all available cloud resources. Effective cloud service management, troubleshooting, and performance optimisation are made easier by this visibility.

Developments In Machine Learning And AI: Cloud discovery solutions become more proficient in spotting patterns, forecasting usage trends, and automating fixes for possible problems when AI and machine learning are integrated into them. The administration and discovery of cloud resources is now more accurate and efficient thanks to these cutting-edge technologies.

The Requirements For Data Governance And Regulations: Cloud discovery solutions are becoming more and more popular due to stricter data governance and legal constraints. Businesses must make sure that their use of the cloud conforms with internal governance guidelines and industry requirements.

Improved Tools For Collaboration And Productivity: The emergence of cloud-based productivity and collaboration tools requires efficient cloud discovery to manage these products.
Overall organisational efficiency is increased when all cloud-based collaboration technologies are properly managed and accounted for.

Vendor Collaborations And Ecosystem Development: The usefulness and attractiveness of these tools are increased through strategic alliances and integrations between major cloud service providers (such as AWS, Azure, and Google Cloud) and suppliers of cloud discovery tools. The need for all-inclusive cloud discovery solutions is fueled by the expanding ecosystems surrounding cloud services and platforms.

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Cloud Access Security Brokers Market Size 2024-2028

The cloud access security brokers market size is estimated to grow by USD 9.09 billion at a CAGR of 16.6% between 2023 and 2028. One of the key offerings of cloud services is the ability to access a vast pool of expertise and resources on-demand. This is particularly beneficial for small and medium-sized businesses that may not have the budget or the need for a full-time IT team. By leveraging cloud services, businesses can gain access to the latest technologies and skilled professionals, enabling them to focus on their core competencies and drive growth. Rising Adoption of Cloud Services: The adoption of cloud services is on the rise, with more and more businesses recognizing the benefits they offer. According to a recent study, the global cloud services market is projected to grow at a compound annual growth rate of 17.5% between 2020 and 2027. This growth is being driven by factors such as the need for cost savings, increased agility, and the ability to work remotely. Low IT Cost: Another major advantage of cloud services is the significant cost savings they offer. By moving IT infrastructure and applications to the cloud, businesses can reduce their capital expenditures on hardware and software, as well as their operational expenses on maintenance and support. This not only helps businesses to operate more efficiently but also frees up resources for other strategic initiatives.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market is witnessing significant growth due to the increasing adoption of cloud services by cloud service consumers. Cloud service providers are offering various services, leading to an expansive cloud landscape. However, this brings new challenges in terms of compliance with various standards for healthcare organizations, retail companies, and financial services organizations. Threat observations have shown an increase in malicious activity, leading to a greater need for threat protection. CASB solutions offer security at the Security Service Edge (SSE), including secure web gateways, authentication, credential mapping, encryption, malware detection, and data loss prevention. Enterprise users are adopting CASBs to secure authorized applications and prevent unauthorized access to managed and unmanaged devices. Unauthorized applications and shadow IT assessment are also major concerns, leading to the implementation of CASB solutions. CASBs help protect sensitive data such as financial data, proprietary data, credit card numbers, and health records from unauthorized access and data loss. Compliance with various regulations, such as HIPAA and PCI-DSS, is crucial for organizations in the healthcare and financial services sectors. CASBs provide a comprehensive solution to secure cloud environments and ensure data security. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The access to expertise is notably driving market growth. Cloud adoption has gained significant traction among enterprises worldwide, yet the lack of expertise in cloud management poses challenges for many organizations. Cloud Access Security Brokers (CASBs) bridge this gap by providing enterprises with the necessary tools to effectively and efficiently manage their cloud environments. The transition from traditional data storage to cloud involves various processes and technical interfaces, including PCI DSS compliance, risk assessment, discovery, and continuous monitoring. CASBs offer solutions such as API scanning, forward proxy, and reverse proxy to mitigate risks associated with Shadow IT and enforce DLP policies. Remediation options are also crucial for addressing potential security threats and ensuring regulatory compliance. By implementing CASBs, enterprises can optimize their cloud usage, minimize risks, and reap the full benefits of cloud services. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

The customization of cloud features is the key trend in the market. Cloud Access Security Brokers (CASBs) play a crucial role in enabling enterprises to secure their data and ensure compliance with regulations such as PCI DSS, while utilizing cloud services. CASBs offer various functionalities including discovery, remediation, and risk assessment. They provide API scanning, forward proxy, and reverse proxy solutions to mitigate the risks associated with Shadow IT. DLP policies and remediation options are essential features of CASBs that enable continuous monitoring and enforcement of security policies. Open-source projects like CompatibleOn

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As of March 2021, the majority of respondents in the U.S. were working from their personal computers. In this regard, only nine percent of surveyed participants were provided with antivirus software by their employer for a safer workspace.

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User Provisioning Market Size 2024-2028

The user provisioning market size is forecast to increase by USD 2.71 billion at a CAGR of 8.6% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing demand for mobile provisioning software and the expanding adoption of provisioning solutions in Small and Medium-sized Enterprises (SMEs). However, the market also faces challenges due to the complications arising from the presence of several user-level provisions. These complexities include managing access to multiple applications and systems, ensuring data security, maintaining compliance with various regulations, and addressing identity and access management (IAM) concerns. To tackle these challenges, market players are focusing on offering integrated solutions that provide centralized management of user identities and access across different applications and systems, ensuring secure and efficient control over user permissions while adhering to regulatory requirements. Additionally, the adoption of cloud-based provisioning solutions is gaining traction due to their ease of deployment, scalability, and cost-effectiveness. User provisioning software plays a crucial role in managing and automating the process of granting access to IT facilities, software credentials, and private information to employees in an organization. Overall, the market is expected to continue its growth trajectory, driven by the need for secure and efficient management of user identities and access in an increasingly complex digital landscape.

What will be the Size of the User Provisioning Market During the Forecast Period?

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The market for provisioning solutions has been witnessing significant growth due to the increasing need to improve workforce utilization and mitigate risks such as identity thefts and shadow IT. Trending technologies like cloud computing and the Bring Your Own Device (BYOD) trend are driving the adoption of provisioning software. Management techniques and organizational objectives vary across industries, leading to key segments In the market such as BFSI, healthcare, IT and telecom, and retail and consumer goods. Developments In the market include new product launches, acquisitions, and partnerships. Competitor analysis reveals that these companies are focusing on enhancing their product offerings and expanding their customer base to gain a competitive edge. User provisioning solutions facilitate data processing by managing user data, account histories, and access permissions. By automating these processes, organizations can streamline IT operations, reduce manual errors, and ensure security and compliance with regulatory requirements.

How is this User Provisioning Industry segmented and which is the largest segment?

The user provisioning industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Government and public sector
  BFSI
  Telecom
  Healthcare
  Others


Application

  Marketing and sales
  IT
  HR
  Administration
  Finance


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Middle East and Africa



  South America

By End-user Insights

The government and public sector segment is estimated to witness significant growth during the forecast period.

User provisioning In the government and public sector refers to the business function of allocating IT system resources, including access to software and platforms, to authorized individuals. This process is crucial for ensuring workforce utilization and maintaining security, particularly in light of the rising risk of identity thefts and shadow IT usage. Cloud-based provisioning software is a trending technology in this space, enabling efficient and agile deployment and management of user access. HR staff play a key role in this process, collaborating with IT facilities to grant and revoke access based on organizational objectives. Major players In the market include ATOS, CA Technologies, Cyberark, Centrify Corporation, Dell Technologies, EmpowerID, Inc, Hitachi, Happiest Minds, IDMWORKS, Kinetix, OneLogin, Inc, JumpCloud, Oracle Corporation, and SolorWinds LLC.

These companies offer provisioning solutions that employ various identity governance techniques and management platforms to process user data and software credentials. The market is segmented by deployment model, organization size, industry vertical, and component. Developments In the market include advancements in data processing capabilities, increasing focus on identity governance, and the integration of provisioning with other IT management techniques. Competitor analysis reveals that market players ar

Source: Schneider, Friedrich , Buehn, Andreas and Montenegro, Claudio E.(2010) 'New Estimates for the Shadow Economies all over the World', International Economic Journal, 24: 4, 443-461. This dataset presents estimations of the shadow economies for 162 countries, including developing, Eastern European, Central Asian, and high income OECD countries over 1999 to 2006/2007.

The majority of respondents in the U.S. stated that their employer did not provide them with IT support services while transitioning to remote work because of the coronavirus (COVID-19) pandemic. Only 49 percent of respondents benefitted from such support in 2021.

Comprehensive financial and analytical metrics for Shadow, including key performance indicators, market data, and ecosystem analytics.

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The size of the Web Application Firewall Market was valued at USD 8.33 billion in 2023 and is projected to reach USD 24.07 billion by 2032, with an expected CAGR of 16.37% during the forecast period. The Web Application Firewall (WAF) market is experiencing significant growth driven by the rising need for robust security solutions to protect web applications from cyber threats such as SQL injection, cross-site scripting, and DDoS attacks. Businesses across various industries are increasingly adopting WAF solutions to safeguard sensitive data, comply with stringent regulatory requirements, and mitigate evolving cyber risks. The rapid expansion of e-commerce, cloud computing, and IoT devices has amplified the demand for advanced web security measures. Cloud-based WAF solutions are gaining popularity due to their scalability, cost-effectiveness, and ease of deployment, enabling organizations to protect applications without extensive infrastructure changes. Technological advancements in AI and machine learning are enhancing the capabilities of WAFs, enabling real-time threat detection and adaptive protection. Additionally, the growing awareness among small and medium-sized enterprises (SMEs) about the importance of cybersecurity is contributing to market expansion. Key players in the WAF market are focusing on innovation and strategic partnerships to offer comprehensive, next-generation security solutions, addressing the diverse needs of businesses in an increasingly digital landscape. The market is poised for continued growth as cybersecurity remains a top priority for organizations worldwide. Recent developments include: March 2022: Barracuda Networks' Barracuda Cloud Application Protection now includes automated API Discovery and GraphQL security features to help prevent outages and make it simple to expand the use of web application firewalls. It is possible to continuously automate machine identity management for TLS certificates thanks to the Venafi Trust Protection Platform and the Barracuda Web Application Firewall., January 2022: The company claims that a free Web Application Firewall (WAF) is available to Cloudflare's free plan users. The WAF would provide access to the user interface, which has a ruleset that can block threats automatically. The managed ruleset the Free Cloudflare WAF uses is designed to thwart various frequent vulnerability attacks.. Key drivers for this market are: Increasing Cyber Threats: Rising frequency and sophistication of web attacks. Regulatory Compliance: Compliance mandates that require WAF protection. Cloud Adoption: Growing use of cloud platforms increases the need for cloud-based WAF solutions. Data Privacy Concerns: WAFs help protect sensitive data from breaches. Mobile Application Security: Growing adoption of mobile applications drives demand for mobile-optimized WAFs. Potential restraints include: False Positives: Detecting and blocking malicious traffic without false alarms remains a challenge. Cost: Implementing and managing WAF solutions can be expensive. Limited Visibility into Shadow IT: WAFs may not be deployed across all applications, creating security gaps. Skill Shortage: Finding skilled professionals to manage and operate WAFs can be a challenge. Complexities of Hybrid and Multi-Cloud Environments: Managing WAFs across different environments can be complex.. Notable trends are: AI and Machine Learning: Leveraging AI to automate detection and response. DevSecOps Integration: Collaboration between development and security teams to embed WAF solutions into DevOps processes. Containerized WAFs: Deploying WAFs in container environments for improved agility and scalability Zero Trust Security: Incorporating zero trust principles into WAF design. Web Application Runtime Protection: Extending WAF capabilities to protect web applications during execution..

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2699 Global import shipment records of Shadow Box with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Historical price and volatility data for US Dollar in Crust Shadow across different time periods.