byod_secureA report issued by Markets and Markets indicates the global application security market will reach $6.77 billion by 2021, growing at a CAGR of 24.8 percent.

The substantial market growth is expected as a response to the increasing amount of attacks on enterprise applications. As more companies embrace BYOD policies with customized enterprise applications, the need for top-notch application security increases as well.

Aside from the need to protect enterprise applications, the market is expected to grow because of increasing amount of data security regulations and compliance requirements.

To read the entire report, visit here.