For the second consecutive year, the organization has been declared a Leader in the latest Magic Quadrant for Application Security Testing.
According to Gartner, the Magic Quadrant reports are based on qualitative data analysis techniques to reveal market trends, including direction, maturity, and key players, and pricing vendors on their "ability to execute and completeness of vision."
The vendor's market responsiveness, financial viability, customer base, and distribution channels are all covered in this Gartner measurement. The Completeness of Vision rating reflects the vendor's innovation, and whether the vendor adheres to market trends.
These market trends include a broadening of testing requirements, a steady rate of growth, and increased competitive complexity. This evaluation is the key determinant of a vendor's position in the Magic Quadrant. These include leaders, challengers, visionaries, and niche players.
Vendors in the Leaders quadrant have the most aggregate scores for their completeness of vision and ability to execute. A vendor in the leaders quadrant has the market share, credibility, and marketing skills to help new technologies gain acceptance.
According to a research published by Dale Gardner, Mark Horvath, and Dionisio Zumerle on April 18, 2022, "Gartner expects worldwide AST end-user spending to exceed $3.1 billion in 2022. These increases, as well as a growing awareness of the risks associated with the software, remain market drivers. Several high-profile software supply chain breaches highlighted these concerns, leading regulatory initiatives that will continue to push overall application security standards, at least in the United States."
Milestones in application security testing
We believe our position as a Leader on the Gartner Magic Quadrant further reinforces that customers and business partners should feel confident about the investment, innovation, and leadership that HCL Software is bringing to HCL AppScan, said Raj Iyer, senior vice president of product management.
Through a beautiful, user-friendly interface, HCL AppScan is a security testing platform designed to ensure that organizations and their clients are not exposed to attack.
By shortening whole remediation time, developers may focus on patching, and businesses may manage large-scale security initiatives with control, visibility, and governance thanks to auto-correlated results, targeted assistance, and developer assistance.
HCL Software is a cloud-native solution company that provides solutions to over 20,000 businesses, including more than half of the Fortune 1000 and Global 2000 organizations. Its goal is to ensure that its IT investments result in exceptional client satisfaction through continuous product innovation.
We are delivering a broad spectrum of world-class continuous testing solutions to our customers, Iyer, with our tightly integrated devops products and our emphasis on the broadening of the scope of quality and security testing capabilities.
According to Gartner, "Gartner research publications are based on the organization's opinions and shouldn't be classified as statements of fact. or an endorsement for a particular purpose."
