Press Release

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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