Strong Smartwatch Growth Drives Worldwide Shipments of Wearables

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With the ubiquity of web and cloud-based software applications, not only are they essential tools to interconnect enterprises with their customers and prospects, but they are now also an ever-present target. Threat actors continuously capitalize on software application security flaws to steal customer information, expose sensitive customer records and, ultimately, hurt a business’ reputation. In a recent competitive analysis, ABI Research, a leader in technology market intelligence, investigates the importance of software security, anticipating the security testing market to develop to $6.9 billion by 2020, and why secure software development remains a challenge for most businesses today.

“The biggest challenge for company software developers lies in market forces and funding,” says Monolina Sen, Senior Analyst at ABI Research. “Their incentives, and consequentially their priorities, are tied to implementing new features and meeting deadlines. With companies always aiming to shorten product cycles, app security is usually among the first add-on to be cut.”

Traditionally, security audits and quality assurance testing happen toward the end of the development cycle, by which point most security issues are expensive to fix and developers would prefer to focus on releasing the features in a timely fashion, rather than re-coding problem areas. The changing threat landscape and increasing frequency of application attacks, however, is forcing security-focused organizations to more adequately address web application security through secure software development. As such, application security testing is becoming crucial for organizations to adhere to compliance regulations, while at the same time defending themselves from security attacks.

Major vendors in the security testing market include Applause, Cisco, Contrast Security, HP, McAfee, NT Objectives, PortSwigger, Rapid7, Trustwave and WhiteHat Security. In this report, ABI Research reviewed the software security approaches of six industry vendors: Acunetix, Checkmarx, Cigital, IBM, Qualys and Veracode. The report highlights current software security development trends and provides insight into the secure software development solutions existing in the market, as well as their effectiveness.

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