Application security has become a critical focus as cyber threats grow more sophisticated. Organizations face risks such as data breaches and ransomware that can expose sensitive information and disrupt operations, making security solutions essential for protecting applications from vulnerabilities and unauthorized access. According to Kings Research, the global application security market is likely to generate a revenue of $73.59 billion by 2031.
With the increasing demand for secure applications, several companies have emerged as leaders in the application security market. These companies offer cutting-edge solutions, ranging from secure code analysis to runtime protection, helping businesses safeguard their applications across different environments. This blog covers the top 10 companies that are driving innovation in application security, ensuring that businesses can operate with confidence in an ever-changing threat landscape.
10 Best Companies in the Application Security Market in 2026
The global application security market is led by several key players that offer cutting-edge solutions. Here are the top 10 companies shaping this market:
1. IBM Corporation
IBM is a dominant force in the application security market, offering comprehensive security solutions through its IBM Security AppScan and IBM Cloud Security services. The company provides advanced threat detection, compliance management, and AI-powered security analytics to help organizations safeguard their applications from evolving cyber threats.
In February 2025, IBM completed its acquisition of HashiCorp, a leader in automating and securing hybrid cloud and generative AI infrastructure. This partnership aims to accelerate innovation, enhance security, and maximize cloud value for enterprises. With nearly 75% of enterprises using hybrid cloud (including public clouds and on-prem data centers) businesses seek efficient ways to manage and modernize infrastructure. By 2028, generative AI is expected to drive the creation of 1 billion cloud-native applications, making advanced automation essential to support this scale.
2. Qualys, Inc.
Qualys is among the leading companies in the application security market, specializing in cloud-based security solutions, offering application security through its Web Application Scanning (WAS) and Web Application Firewall (WAF). The company provides automated vulnerability scanning, continuous monitoring, and compliance management, making it a preferred choice for enterprises seeking robust security solutions.
In February 2025, Qualys, Inc. launched TotalAppSec, an AI-powered solution that unifies API security, web application scanning, and malware detection across cloud and on-premises environments. It provides a comprehensive view of application security risks, enabling businesses to prioritize and remediate threats efficiently.
With web applications and APIs being top cyberattack targets, 32% of breaches involve ransomware (2024 Verizon DBIR Report), traditional security tools often leave critical gaps. TotalAppSec streamlines risk management, offering a unified approach to protect against evolving threats while aligning security with business priorities.
3. Veracode
Veracode is one of the prominent players in the application security market, offering a cloud-based platform for Static Analysis Security Testing (SAST), Dynamic Analysis Security Testing (DAST), and Software Composition Analysis (SCA). The company focuses on DevSecOps integration, enabling developers to identify and remediate vulnerabilities early in the software development lifecycle.
In February 2025, Veracode released its latest State of Software Security report, highlighting a sharp rise in the average fix time for flaws, from 171 to 252 days over five years, a 327% increase since the report’s first edition 15 years ago.
4. Hewlett Packard Enterprise Development LP (HPE)
HPE’s Fortify suite provides end-to-end application security solutions, including static and dynamic application security testing. The company’s offerings integrate AI and machine learning to identify vulnerabilities efficiently, helping businesses secure their applications across the entire development lifecycle.
In November 2024, HP Inc. launched the HP Enterprise Security Edition under its HP Wolf Security brand, designed to offer enhanced protection for business-class PCs against physical cybersecurity attacks. The suite includes features such as Firmware Lock, Platform Certificates, and Sure Start Virtualisation Protection to help IT teams detect and prevent device tampering and unauthorized firmware modifications.
5. Synopsys, Inc.
Synopsys is among the dominating companies in the application security market, offering products such as Coverity, Black Duck, and Seeker. These tools enable software developers to conduct static and dynamic code analysis, manage open-source vulnerabilities, and ensure compliance with security standards, making Synopsys a preferred partner for secure software development.
In May 2024, Synopsys, Inc. announced a definitive agreement to sell its Software Integrity Group to Clearlake Capital Group and Francisco Partners for up to $2.1 billion. The deal includes up to $475 million in cash, contingent on achieving a specified return. Once completed, the business will operate as an independent application security testing software provider.
6. Rapid7
Rapid7 offers application security solutions through its InsightAppSec platform, which provides automated security testing, dynamic scanning, and continuous monitoring. The company focuses on integrating security into DevOps workflows, helping organizations mitigate application vulnerabilities efficiently.
In March 2025, Rapid7, Inc., a leader in risk and threat detection, announced its expansion in India with a new Global Capability Center (GCC) in Pune, serving as an innovation hub and Security Operations Center (SOC). The company also plans in-region events to collaborate with government, education, and talent stakeholders, reinforcing its commitment to helping customers simplify security and manage evolving threats.
7. HCL Technologies Limited
HCL Technologies delivers robust application security services, including penetration testing, threat modeling, and security assessments. The company leverages AI-driven security analytics and automation to protect applications from cyber threats, ensuring compliance with industry regulations.
In June 2025, HCLTech launched a managed Secure Service Edge (SSE) solution developed with Cisco to enhance enterprise cybersecurity and accelerate incident response. The solution integrates Cisco’s Secure Access technology with HCLTech’s global managed-services platform to secure hybrid work environments, protect AI use-cases, and unify multiple security functions in one cloud-delivered service.
8. Snyk Limited
Snyk is a well-known player in the application security market, offering developer-focused solutions and specializing in open-source security and cloud-native application protection. Its platform enables automated vulnerability scanning, dependency tracking, and remediation, making it a key player in DevSecOps environments.
In October 2024, Snyk launched enhanced AI-driven security features aimed at improving developer productivity and application security through its platform. The updates include DeepCode AI Fix for real-time code vulnerability remediation and expanded analytics, offering deeper insights into risk and coverage across development workflows.
9. Trustwave Holdings, Inc.
Trustwave offers advanced application security solutions, including penetration testing, managed security services, and secure coding assessments. The company’s security expertise helps businesses identify and mitigate vulnerabilities while ensuring compliance with regulatory frameworks.
In July 2025, Trustwave launched a comprehensive Operational Technology (OT) security services portfolio designed to support industrial environments such as manufacturing, energy, and transportation. The new offering integrates advanced monitoring, threat detection, and response capabilities (including a partnership with Nozomi Networks) to address converged IT/OT risk, provide 24/7 co-managed SOC services, and align with industry standards like NIST CSF and ISA/IEC 62443.
10. Black Duck Software, Inc. (WhiteHat Security)
Acquired by Synopsys, WhiteHat Security (formerly Black Duck Software) provides comprehensive application security testing solutions. Its offerings include static and dynamic testing, vulnerability management, and threat intelligence, ensuring robust protection for applications across various industries.
In July 2025, Black Duck Software launched Polaris, the first application-security SaaS platform hosted in Saudi Arabia via Google Cloud. Polaris integrates static, dynamic, and software composition analysis into a unified dashboard with AI-driven remediation guidance, and is designed to keep all customer data within Saudi Arabia while supporting expandability across GCC nations.
Conclusion
As cyber threats become more advanced, strong application security solutions are essential. The companies featured here lead the market with technologies that help organizations detect, prevent, and manage security risks across web, mobile, and cloud applications. Their innovations are shaping the future of application protection, enabling businesses to safeguard data, strengthen defenses, and maintain customer trust in a digital-first environment.
