Code Security Market Size, Share, Opportunities, And Trends By Type (Role-Based Security, Cade-Access Security), By Practices (White Box & Black Box Testing, Software Composition Analysis, Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Others), By Enterprise Size (Small, Medium, Large), By End-User (BFSI, Healthcare, Government & Defense, Others), And By Geography - Forecasts From 2023 To 2028

The code security market is predicted to grow at a constant rate during the forecast period.

Code security, also known as secure coding or application security, refers to the practice of designing, writing, and maintaining software code in a way that protects it from security vulnerabilities and potential exploits. The code security market growth is driven by the evolving threat landscape, regulatory requirements, and the need to protect applications and data in an increasingly complex digital world.

Growing Cloud Computing Needs Drives Code Security Market Growth

Cloud service providers host their IT infrastructure in data centers to provide cloud computing services to the end users. Thus, as organizations increasingly rely on cloud-native technologies to build and manage their applications and infrastructure, growing cloud computing needs induce significant growth in the demand for code security as it embeds security across each stage of cloud development and also provides feedback regarding misconfiguration and vulnerabilities to the developer.  

Increasing Third-Party applications drive the code security market expansion.

The increasing use of third-party applications has driven the expansion of the code security industry. One major factor behind the growth of third-party app stores is the rising cost of certified apps. This has brought about significant concerns, such as security vulnerabilities and data breaches. Apple's website reveals that 40 % of the 100,000 apps reviewed per week they review are rejected due to various issues, including minor bugs and privacy concerns. Additionally, there have been instances of security breaches in third-party app stores like Aptoide, which exposed data from millions of subscribers. 

Lack of awareness drives the code security market growth.

The lack of awareness and control over app permissions among users is a significant driver for the growth of the code security market. In a survey by Kaspersky of over 18,500 users globally, it was found that 43% of users do not appear to consider limiting permissions when installing apps. Another study examining the top 100 apps installed on Android devices discovered that 83% of these apps had access to sensitive data. Alarmingly, 96% of these apps could remain active without the user actively launching them, which Kaspersky suggested could tempt cybercriminals seeking to exploit user data.

Asia-Pacific is expected to dominate the market.

Asia-Pacific is poised to take the lead in the code security market. This dominance is attributed to the region's rising digital infrastructure, growing investment, and initiatives in data security coupled with advancements in the service sector. For instance, in November 2022, the Indian government launched the “Digital Personal Data Protection Bill 2022” which aimed to prevent unauthorized access to enterprise and users' data thereby safeguarding them from getting leaked in the public domain.  

Increasing sophisticated attacks may bolster Code security market growth.

As security systems become more advanced, cyber threats are also evolving to become increasingly targeted and sophisticated. This trend is underscored by the FBI's concern over the surging rates of cybercrimes, particularly those directed at small businesses. According to the CNBA/Survey Monkey Small Business Survey, In 2021, small businesses incurred substantial losses, totalling a staggering $6.9 billion due to cyberattacks. This marked a significant 64 percent surge in losses compared to the previous year, highlighting the urgency for businesses of all sizes to fortify their cybersecurity measures. The need for robust code security solutions remains critical in countering these evolving and more potent threats.

Key Developments

• September 2023: On September 13, 2023, Code Intelligence unveiled CI Spark, an AI-powered assistant for software security testing, driven by LLM (Language Model) technology. CI Spark streamlines the identification of attack surfaces and offers test code suggestions, significantly reducing the manual effort required to generate robust white-box tests. In collaboration with Google's OSS-Fuzz project, CI Spark has already aided in uncovering more than 50 CVEs (Common Vulnerabilities and Exposures). CI Spark combines LLM's code analysis and test generation capabilities with AI-driven white-box testing. It employs prompts to identify security-critical functions and automate the creation of high-quality tests
• April 2023: Veracode, a leading provider of intelligent software security solutions launched a new AI-powered product called Veracode Fix. This product is trained on Veracode's proprietary dataset and is designed to suggest remediations for security flaws found in code and open-source dependencies. Veracode Fix represents a shift in the software security paradigm, moving from merely identifying security flaws to actively finding and fixing them.

Company Products

• Prisma Cloud: Prisma Cloud offers graph-based CI/CD security to enhance visibility within engineering ecosystems, protect against top CI/CD risks, manage pipeline posture, and analyze attack paths. It aims to address challenges in code scanning and fragmented risk visibility faced by AppSec teams as developers commit code. The module unifies visibility across the engineering ecosystem, normalizes signals from code scanners, and prioritizes risk with full infrastructure context. Palo Alto Networks aims to provide comprehensive cloud-native application protection from code to deployment.
• Snyk Code: Snyk offers a developer-friendly code security solution that provides security intelligence and remediation guidance without disrupting the development workflow. It enables developers to prevent code delays by offering fix advice supported by industry-leading security intelligence. Snyk delivers fast and accurate results with real-time scanning directly within the Integrated Development Environment (IDE) alongside code, eliminating the need for waiting for Static Application Security Testing (SAST) reports. The platform is compatible with various programming languages, IDEs, and CI/CD tools and continuously expands its coverage. Snyk utilizes a powerful machine-learning engine and a vast knowledge base to enhance security tooling.

Code Security Market Scope:

Segmentation

• By Type
  • Role-Based Security
  • Cade-Access Security
• By Practices
  • White Box & Black Box Testing
  • Software Composition Analysis
  • Static Application Security Testing (SAST)
  • Dynamic Application Security Testing (DAST)
  • Others
• By enterprise size
  • Small
  • Medium
  • Large
• By End-User
  • BFSI
  • Healthcare
  • Government & Defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Other
    • Companies Mentioned