Mobile Application Security Market to Grow with a CAGR of 23.1% Globally through to 2028.
Global Mobile Application Security Market is rising due to the
exponential growth in mobile app usage and the escalating need to protect
sensitive data and applications from evolving cyber threats in the forecast
period 2024-2028.
According to TechSci Research report, “Global Mobile
Application Security Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, Global Mobile Application Security Market has valued
at USD 5.4 Billion in 2022 and is anticipated to project robust growth in the
forecast period with a CAGR of 23.1% through 2028. The Global Mobile
Application Security Market is experiencing significant growth as the usage of
mobile applications continues to soar. In an era where mobile devices have
become ubiquitous for both personal and professional use, the need for robust
security solutions has never been more critical. Mobile application security
encompasses a wide range of measures aimed at safeguarding mobile apps from
vulnerabilities, data breaches, and cyberattacks. With mobile applications
serving as gateways to a wealth of sensitive user data, including personal
information and financial details, businesses and app developers are
increasingly investing in comprehensive security solutions. The market is
further driven by the growing complexity of mobile app ecosystems and the
ever-evolving threat landscape. Organizations across industries are adopting
mobile application security solutions to protect their reputation, customer
trust, and intellectual property. Additionally, stringent regulatory
requirements and compliance standards are compelling businesses to prioritize
mobile app security. As the demand for secure mobile experiences continues to
rise, the Global Mobile Application Security Market is poised for sustained
growth, with technology innovations such as app shielding, code analysis, and
threat detection playing pivotal roles in fortifying the security of mobile
applications.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global Mobile Application Security Market”.
The global cloud microservices market has witnessed
significant growth in recent years, driven by the increasing adoption of cloud
computing and the growing demand for scalable and flexible software solutions.
Cloud microservices refer to a software development approach that involves
breaking down large applications into smaller, independent services that can be
developed, deployed, and scaled independently. These services are designed to
work together seamlessly, enabling organizations to build and deliver complex
applications more efficiently. One of the key factors driving the growth of the
global cloud microservices market is the increasing need for agility and
scalability in software development. Traditional monolithic applications often
face challenges when it comes to scaling and adapting to changing business
requirements. Cloud microservices offer a solution to this problem by allowing
organizations to develop and deploy applications in a modular manner. This
enables them to quickly add or remove services as needed, resulting in greater
flexibility and agility.
Furthermore, the rise of cloud computing has played a
crucial role in the adoption of cloud microservices. Cloud platforms provide
the necessary infrastructure and tools for organizations to develop, deploy,
and manage microservices-based applications. These platforms offer benefits
such as scalability, high availability, and cost efficiency, making them an
attractive option for businesses looking to leverage the power of
microservices. Another factor contributing to the growth of the global cloud
microservices market is the increasing demand for digital transformation. As
organizations strive to stay competitive in today's digital landscape, they are
looking for ways to modernize their IT infrastructure and deliver innovative
solutions to their customers. Cloud microservices enable organizations to build
and deploy applications faster, iterate more quickly, and deliver new features
and functionalities to market at a rapid pace. This ability to innovate and
respond to changing customer needs is crucial in today's fast-paced business
environment. Moreover, the global cloud microservices market is also being
driven by the growing adoption of containerization technologies such as Docker
and Kubernetes. Containers provide a lightweight and portable way to package and
deploy microservices, making it easier for organizations to manage and scale
their applications. Container orchestration platforms like Kubernetes further
simplify the deployment and management of microservices, allowing organizations
to focus on developing and delivering value-added services.
In conclusion, the global cloud microservices market
is experiencing significant growth due to the increasing need for agility,
scalability, and digital transformation in software development. The adoption
of cloud computing, coupled with the rise of containerization technologies, has
further fueled the demand for cloud microservices. As organizations continue to
embrace cloud-native architectures and seek innovative ways to deliver software
solutions, the market for cloud microservices is expected to witness continued
growth in the coming years.
The Global Mobile Application Security Market is
segmented into Solution, Services, Professional Services, Deployment, Enterprise
Size, Vertical, regional distribution, and company.
Based on its Solution, The software segment accounted
for the largest market share of 63.9% in 2022. Mobile application software is
expected to gain significant momentum as key operators are involved in taking
strategic decisions to enhance their security offerings in this segment. For
instance, in September 2022, Nokia announced the strengthening of its software
portfolio across the security and automation areas. Furthermore, the company
has introduced the IGNITE Digital Ecosystem to bring application partners and
customers together to accelerate the innovation of security, monetization, and
automation solutions.
The services segment is anticipated to expand at a
CAGR of 25.1% during the forecast period. Mobile application security, as a
service, is gaining popularity among organizations, depending upon third-party
application security as a service. For instance, in November 2022, Data
Theorem, Inc., an application security provider, announced a strategic
partnership with AppOmni, a SaaS security company. Thus, organizations
developing their own applications while depending on third-party and
first-party SaaS and APIs can get access to unified application security
posture management offerings. It is designed to provide centralized visibility,
data access management, and advanced security controls that can be seamlessly
integrated across the SaaS environment.
Based on region, North America held the major revenue
share of 37.1% of the target market in 2022. In North America, the market for
mobile application security is expected to witness positive traction owing to
the surging demand for smartphones, higher internet penetration, the constantly
evolving e-commerce space, and hybrid work policies. Furthermore, the region is
defined by the presence of key industry players, including IBM Corporation,
Microsoft Corporation, Google, and VMware Inc. These companies have a range of
mobile application security offerings such as threat intelligence, routine
application update, monitoring, application management, and security
assessment, which is expected to open several growth opportunities in the North
American market.
Asia Pacific is anticipated to emerge as the
fastest-developing regional market at a CAGR of 27.0% during the forecast
period. This is on account of the rapid adoption of mobile phones, growing
government initiatives, the rapid rollout of 5G technology, and the large
customer base of e-commerce, gaming, and social media in the region. These
applications are constantly exposed to cyber threats as they share high
traffic, customer data, and critical user information.
To safeguard the users from these growing threats,
application developers and service providers are constantly making strategic
decisions by investing and partnering with leading mobile application security
providers in the region. Thus, the aforementioned factors are expected to drive
the market demand for mobile application security in the Asia Pacific region.
Major companies operating in Global Mobile
Application Security Market are:
- Google
- NowSecure
- VMware
- Ivanti
- Sophos
- Cisco
Systems
- Broadcom,
Inc.
- Micro
Focus
- Indusface
- Data
Theorem
- Onapsis
- Aeries
Technology
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“The global cloud microservices market has seen
substantial growth recently, driven by the rising adoption of cloud computing
and the demand for flexible software solutions. Cloud microservices involve
breaking down large applications into smaller, independent services that can be
developed, deployed, and scaled independently. This approach offers agility and
scalability, addressing the limitations of traditional monolithic applications.
Cloud platforms provide the necessary infrastructure and tools for developing
and managing microservices-based applications, making them an attractive
option. Additionally, the demand for digital transformation has fueled the
adoption of cloud microservices, as organizations seek to modernize their IT
infrastructure and deliver innovative solutions quickly. The growing use of
containerization technologies like Docker and Kubernetes has also contributed
to the market's growth, simplifying the deployment and management of
microservices. Overall, the global cloud microservices market is expected to
continue growing as organizations embrace cloud-native architectures and strive
for software development innovation,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“Mobile Application
Security Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Solution (Software, Service), By Services (Professional
Services, Managed Services), By Professional Services (Consulting, Integration,
Support and Maintenance), By Deployment (Cloud, On-premise), By Enterprise Size
(Small and medium-sized enterprises, Large enterprises), By Vertical (BFSI, IT
and Telecom, Retail, Healthcare, Education, Transportation and Logistics,
Manufacturing, Government, Others), By Region, By Competition”, has
evaluated the future growth potential of Global Mobile Application Security
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Mobile Application Security Market.
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