/mar 20, 2018

Veracode Named a Leader in the Gartner Magic Quadrant for Application Security for the Fifth Report in a Row

By Laura Paine

For the fifth consecutive report, Gartner placed Veracode as a Leader in the 2018 Magic Quadrant for Application Security Testing1.  Gartner chooses leaders for the report based on a company’s completeness of vision and ability to execute in the application security testing (AST) market.

In recent years, we’ve witnessed the rise in adoption of DevSecOps and Modern Software Factory approaches to software development. Since our inception, our mission has been to secure the world’s software, and we believe that in order to achieve that mission we need to empower developers to bring security into the earliest stages of the development process. We put our energies into creating static testing tools that meet developers where they are – in their IDEs as they’re writing code. In our experience, organizations who have adopted secure coding techniques are creating the kind of high quality software that serves as a true value driver for their businesses.

In Gartner Inc.’s 2018 “Magic Quadrant for Application Security Testing1,” Ayal Tirosh, Dionisio Zumerle and Mark Horvath state that, “Through 2021, the AST market is projected to have a 14% compound annual growth rate (CAGR). This continues to be the fastest growing of all tracked information security segments. The overall global information security market is forecast to grow at a CAGR of 7.6% through 2021. The AST market size is estimated to reach $775 million by the end of 2018.1

It has been an incredible year for us, and we’re so excited that Gartner continues to recognize Veracode as leaders in application security testing. We’ve dedicated time, energy and creativity to developing and offering a comprehensive application security platform that is in alignment with current software development paradigms and supports the Modern Software Factory approach. Coupled with our designed-for-developer solutions, Veracode VerifiedeLearning capabilities and support through our community, we help to make security a seamless element of the software lifecycle. If there is one thing we know for sure, it’s that secure software is synonymous with great software.

To see what Gartner had to say about Veracode, download the entire Magic Quadrant

1Gartner, Inc. 2018 “Magic Quadrant for Application Security Testing” by Ayal Tirosh, Dionisio Zumerle and Mark Horvath. March 19, 2018

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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By Laura Paine

Laura Paine is a senior product marketing manager at Veracode, based in Burlington, MA.