The global mobile application security market size is likely to project a CAGR of nearly 23.6% during the forecast years 2021-2028. The mobile application security market is driven by the increasing dependency on the internet and increasing demand for saas-based mobile application security solutions which acts as a driver as the demand for mobile application security solutions is increasing.
The present and future mobile application security market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that influences the mobile application security market opportunities is the growing demand for mobile applications. Furthermore, a strong need for protection against web-based malware, and the rise of online mobile payment is the key factor driving the market growth for the mobile application security market.
Also, the adoption of Bring Your Own Device (BYOD) policies has increased employees’ personal devices to access organizational information is another factor driving the market growth. Furthermore, the growth in the usage of machine learning and artificial intelligence in a mobile security application expects to create enormous opportunities are likely to provide lucrative development opportunities for the mobile application security market in the forthcoming years.
The report also emphasizes several distinctiveness of the global mobile application security industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the mobile application security industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The mobile application security market has tough competition among the new emerging and pre-established market vendors. Besides, the mobile application security industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the deployment type, the market is bifurcated into on-premise and cloud. The cloud segment is predicted to achieve the largest growth during the forecast years 2021-2028. The cloud computing seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the mobile application security market in this region is mostly ascribed to owing to increased spending on enterprise data protection solutions. However, the growth in Asia Pacific region is likely due to increase in adoption of mobile security applications, advancement in mobile device technologies, and advanced network connectivity in the region.
The major players of the global mobile application security market are Avast Software, AVG Technology, AirPatrol Corporation, Kaspersky, Lookout, McAfee, MobileIron, Symantec, Trend Micro, VMware, Apple Inc., BlackBerry Limited, Broadcom Inc., Google LLC, and IBM Corporation. Renowned companies are offering new and modern mobile application security software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Mobile Application Security Market
Solution Overview, 2021-2028 (USD Million)
- Web Security
- Data Back-up and Recovery
- IAM and Authentication
- Compliance Management
Deployment Mode Overview, 2021-2028 (USD Million)
- Public Cloud
- Private Cloud
User Types Overview, 2021-2028 (USD Million)
- Large Enterpirse
End Use Overview, 2021-2028 (USD Million)
- IT & Telecom
- Media and Entertainment
- Air Force and Defense
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America