CyberSecurity News: 111 Billion Lines of New Software Code Will Need Security in 2017

Code Dx, Inc., a provider of an award-winning suite of fast and affordable tools that help software developers, testers and security analysts find, prioritize and manage software vulnerabilities, today announced the 2017 Application Security Report published by Cybersecurity Ventures, a leading research and market intelligence firm. The Application Security Report, sponsored by Code Dx, discusses the rapid growth of the application security market as a result of the billions of new lines of software code being developed each year that needs protected from malicious hackers.

The report estimates that 111 billion lines of new software code is created every year, which includes billions of vulnerabilities that need identified and remediated. This growth in software development is leading to the expected growth of the application security market from $2.24 billion in 2016 to $6.77 billion in 2021 (MarketandMarkets, May 2016) — which is outpacing the growth of the cybersecurity market as a whole. A PDF of the report can be downloaded here.

“While we anticipate 12-15 percent year-over-year growth of the cybersecurity market through 2021, our synthesis of various research has led us to expect the application sector will grow by 16-18 percent during that period,” said Steven C. Morgan, founder and editor-in-chief of Cybersecurity Ventures.