High-Tech Bridge named the Innovative Application Security Testing vendorMay 22, 2017
MarketsandMarkets distinguished High-Tech Bridge’s Application Security Testing (AST) Platform ImmuniWeb® on the emerging market, estimated to reach $9 Billion by 2022.
The Application Security Testing (AST) market is expected to grow from USD 2.79 Billion in 2017 to USD 9 Billion by 2022 at a Compound Annual Growth Rate (CAGR) of 26.4%, says “Application Security Market” research recently conducted by MarketsandMarkets.
The application security market is gaining traction due to the increasing need to protect enterprise applications and data from emerging application layer attacks. Many enterprises across the globe still use web and mobile applications that contain vulnerabilities, which if exploited, might result in huge losses for the organizations. Enterprises are expected to increase their security spending in the upcoming years to ensure robust security for their IT infrastructure.
High-Tech Bridge’s Application Security Testing Platform ImmuniWeb® was distinguished as the Innovator among other AST vendors, such as HP and IBM. ImmuniWeb’s award-winning hybrid security testing and machine learning technology was particularly taken into consideration, among the recent launch of ImmuniWeb Mobile and establishment of important technology alliances with F5 and Imperva.
Ilia Kolochenko, High-Tech Bridge’s CEO and Founder, says: “We are pleased to receive one more important validation of our technology and growth strategy from MarketsandMarkets. Our engineers and mathematicians are continuously improving ImmuniWeb Platform to offer the most competitive application security testing offering on the global market. New exciting features will be announced soon, please stay with us.”
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients.