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How Is the Mobile Application Security Market Growth Forecast from 2025 to 2029?
The mobile application security market size has grown exponentially in recent years. It will grow from $6.89 billion in 2024 to $8.44 billion in 2025 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increasing mobile device adoption, rising cybersecurity threats, growing mobile commerce, regulatory compliance requirements, and the proliferation of mobile banking.
The mobile application security market size is expected to see exponential growth in the next few years. It will grow to $19.02 billion in 2029 at a compound annual growth rate (CAGR) of 22.5%. The growth in the forecast period can be attributed to the expansion of 5G networks, rising demand for zero-trust security, increasing mobile workforce, stricter data protection laws, and growth in AI-powered security solutions. Major trends in the forecast period include advancement in mobile security technology, continuous research and development in threat detection, innovation in encryption techniques, development of AI-driven security frameworks, and increasing investment in cybersecurity advancements.
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Which Major Growth Factors Are Shaping the Mobile Application Security Market?
The rise in penetration of mobile devices is expected to propel the growth of the mobile application security market going forward. A mobile device is a compact, wireless gadget, such as a smartphone or tablet, that supports communication, internet browsing, and app functionality. Mobile device adoption is increasing due to advancements in wireless technology, enabling faster and more reliable connectivity. This enhances user convenience and accessibility, driving widespread adoption. The growing use of mobile devices heightens cybersecurity risks, driving the demand for stronger mobile app security. This leads to advanced solutions that protect user data, enhance encryption, and prevent cyber threats. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million smartphones in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, by 2025, there will be 68.3 million people living in the UK, of whom 95% (or about 65 million people) will have smartphones. Therefore, the rise in penetration of mobile devices is driving the growth of the mobile application security market.
Which Segment Offers the Highest Growth Opportunities in the Mobile Application Security Market?
The mobile application securitymarket covered in this report is segmented –
1) By Solution: Software, Service
2) By Operating System: iPhone Operating System (iOS), Android, Other Operating Systems
3) By Deployment: Cloud, On-Premise
4) By Enterprise: Small And Medium-Sized Enterprises, Large Enterprises
5) By Vertical: Banking, Financial Services, And Insurance, Information Technology And Telecommunications, Retail, Healthcare, Education, Transportation And Logistics, Manufacturing, Other Verticals
Subsegments:
1) By Software: Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Runtime Application Self-Protection (RASP), Mobile Application Security Testing (MAST), Threat Intelligence And Risk Assessment
2) By Services: Professional Services, Managed Services, Consulting Services, Implementation And Integration Services, Support And Maintenance Services
What Are the Top Trends Expected to Shape the Mobile Application Security Market by 2029?
Major companies operating in the mobile application security market are focused on developing advanced solutions such as mobile app risk intelligence solutions to help enterprises quickly assess and mitigate security, privacy, and compliance risks in third-party mobile apps. A mobile app risk intelligence solution is a security tool that detects, analyzes, and addresses threats in mobile apps by identifying vulnerabilities, tracking risks, and preventing cyber attacks in real-time. For instance, in October 2024, NowSecure, a US-based mobile security company, introduced NowSecure Mobile Application Risk Intelligence (MARI), a platform that provides risk scores for third-party mobile apps using standards-based security testing. This tool enables enterprises to identify and mitigate risks in apps from public stores like Google Play and the Apple App Store.
Who Are the Key Players Driving the Mobile Application Security Market?
Major companies operating in the mobile application security market are International Business Machines Corporation, Cisco Systems Inc., Broadcom Inc., F5 Inc., Avast Software, Ivanti, Kaspersky, Sophos Limited, Rapid7, McAfee Corp., OneSpan Inc., Lookout Inc., Veracode Inc., Onapsis Inc., Appdome Inc., Guardsquare NV, Indusface Private Limited, Acunetix, NowSecure, Pradeo, Data Theorem Inc., AVG Technology.
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What Are the Regional Insights for the Mobile Application Security Market Forecast?
North America was the largest region in the mobile application security market in 2024. The regions covered in the mobile application security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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