Global Mobile Application Security Market

Mobile Application Security Market Size, Share, Growth Analysis, By Deployment(On-cloud and On-premises), By Service(Managed and Professional) - Industry Forecast 2024-2031


Report ID: SQMIG45A2164 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 59 | Figures: 75

Mobile Application Security Market News

  • In January 2024, Apple revealed updates to iOS, Safari, and the App Store pointed toward ensuring compliance with the Digital Markets Act (DMA) in the European Union (EU). These updates encompass over 600 new APIs, enhanced app analytics, support for alternative browser engines, and provisions for handling app payments and distributing iOS apps. While implementing these changes, Apple has introduced additional safeguards to mitigate, though not eliminate, potential risks by the DMA to EU users. Through these actions, Apple remains committed to giving EU clients the best and most secure and accessible experience.

     

  • In October 2022, Qualys, Inc., a leading provider of cloud-based IT, security, and compliance solutions, acquired the assets of Blue Hexagon. This acquisition integrates AI/machine learning capabilities into the Qualys Cloud Platform, enabling businesses to gain valuable insights from vast amounts of integrated data. By leveraging its robust Cloud Platform and extensive data points, Qualys can identify behavioral patterns, enhance network threat identification, exploit vulnerabilities, and mitigate risks across all assets and applications. This combination of integrated security data and machine learning technologies empowers Qualys customers with predictive and automated cybersecurity risk mitigation.

     

  • In March 2024, Aryaka gained ground in network and security convergence by introducing SASE as a service.

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FAQs

Mobile Application Security Market size was valued at USD 1.99 billion in 2022 and is poised to grow from USD 2.47 billion in 2023 to USD 13.99 billion by 2031, at a CAGR of 24.2% during the forecast period (2024-2031).

The mobile application security market is characterized by intense competition among various players in the industry. Companies in this market strive to provide innovative solutions that address the growing security concerns associated with mobile applications. The competitive landscape is shaped by factors such as technological advancements, strategic partnerships, mergers and acquisitions, and product development initiatives. Key players focus on enhancing their offerings to meet the evolving needs of businesses and consumers, with a particular emphasis on threat detection, data protection, and vulnerability management. The competitive dynamics of the market encourage continuous innovation and the development of comprehensive mobile application security solutions to stay ahead in the rapidly evolving cybersecurity landscape. 'Checkmarx (Israel)', 'Veracode (US)', 'IBM (US)', 'Synopsys (US)', 'WhiteHat Security (US)', 'Rapid7 (US)', 'Micro Focus (UK)', 'Appdome (US)', 'OneSpan (US)', 'NowSecure (US)', 'Lookout (US)', 'Pradeo (France)', 'Zimperium (US)', 'Appthority (US)', 'Promon (Norway)', 'GuardSquare (Belgium)', 'VASCO Data Security (US)', 'Trustwave Holdings (US)', 'McAfee (US)', 'MobileIron (US)'

The growth of the mobile application security market is hindered by the challenges faced by small and medium enterprises (SMEs), primarily related to resource limitations and capital constraints. SMEs often lack the necessary resources and expertise to implement security and vulnerability management tools in their mobile devices. This limitation prevents them from effectively safeguarding their mobile applications against security threats. Additionally, capital problems further exacerbate the challenges faced by SMEs in investing in robust mobile application security solutions. As a result, the adoption of mobile application security solutions by SMEs is relatively low, impeding the overall market growth.

Increasing Adoption of Mobile Application Security Solutions: With the growing reliance on mobile applications for various activities, organizations are increasingly adopting mobile application security solutions to protect their sensitive data and ensure secure user experiences.

North America emerged as the dominant region in terms of mobile application security sales in 2022, and it is expected to maintain its leading position in the market. This is primarily attributed to the growing investment in enterprise data protection solutions in the region.

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Global Mobile Application Security Market

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