Mobile Application Security Market Share, Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033

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Mobile Application Security Market Share, Trends, Revenue, Scope, Growth Drivers, Challenges and Future Investment Opportunities Till 2033: SPER Market Research



 Published: Jan-2024
 Author: SPER Analyst


Mobile Application Security Testing Market is projected to be worth USD 11.43 Billion by 2033 with a CAGR of 29%.

App security evaluation and assurance are key components of the Mobile Application Security Testing (MAST) industry. Through testing procedures, it involves assessing mobile app security risks, data breaches, and defects. With MAST, you can be sure that sensitive information is protected from unwanted access, potential security problems are found and fixed. By providing solutions to developers, businesses, and organisations to improve the overall security posture of their mobile applications, this industry attends to the growing concern regarding mobile app security.

Global Mobile Application Security Testing Market Driving Factors and Challenges

The increasing quantity and variety of mobile applications increases the attack surface available to hackers. Organisations must proactively fix vulnerabilities because every mobile app is a potential point of entry for harmful activity. Numerous industries, including banking, healthcare, retail, entertainment, and more, now rely heavily on mobile applications. These industries are adopting mobile solutions and digital transformation, which increases the breadth of apps vulnerable to security breaches and calls for rigorous testing protocols. Cybercriminals also constantly improve the methods and resources they use to take advantage of holes in mobile applications. Organisations are at serious risk from advanced persistent threats (APTs), malware, and other sophisticated attack vectors that are increasingly focusing on mobile platforms. Sensitive user data, such as login passwords, financial information, and personal information, is frequently handled by mobile applications. Such data breaches may result in financial fraud, identity theft, and other serious issues. It is crucial to secure mobile apps in order to safeguard users' private data. One way to reduce these monetary risks is to invest in mobile app security. As a result, these elements will raise market demand.

Mobile apps must, however, work with a variety of operating systems, such as iOS and Android, each of which has a separate security architecture. The testing procedure is made more complex by the requirement that MAST providers create testing methodologies that address vulnerabilities unique to each operating system. Another level of complication is introduced by the widespread use of different mobile devices, including wearables, tablets, smartphones, and Internet of Things gadgets. MAST providers must adjust their testing protocols to take into consideration the potential differences in capabilities, screen sizes, hardware configurations, and security features among various device types. MAST providers should take into account these differences as well as any potential security subtleties brought about by OEM-specific Android changes. As a result, these variables may restrict market expansion.


Impact of COVID-19 on Global Mobile Application Security Testing Market
The Global Mobile Application Security Testing Market was heavily damaged by the COVID-19 epidemic. Robust security solutions became more and more in demand as remote work increased and mobile apps became more important. In order to stop cyberattacks, organisations gave priority to safeguarding their mobile apps. The demand for safe mobile apps drove steady market growth in spite of the financial downturn. The pandemic brought to light the significance of mobile app security, leading companies to commit resources to testing solutions in order to safeguard confidential information, uphold customer confidence, and guarantee continuous digital operations.

Mobile Application Security Testing Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Cisco Systems Inc., Data Theorem, Inc., GitLab Inc., Google LLC (Alphabet Inc.), HCL Technologies Ltd. (HCL Enterprises), IBM Corporation, Open Text Corporation, Oracle Corporation, Qualys, Inc., VMware, Inc. (Broadcom Inc.), Others.


Global Mobile Application Security Testing Market Segmentation:

Offering: Based on the Offering, Global Mobile Application Security Testing Market is segmented as; Services (Professional, Managed), Solution.

By Organization Size: Based on the Organization Size, Global Mobile Application Security Testing Market is segmented as; Large Enterprises, Small & Medium Enterprises.

By OS Type: Based on the OS Type, Global Mobile Application Security Testing Market is segmented as; Android, iOS, Other OS.

By Deployment: Based on the Deployment, Global Mobile Application Security Testing Market is segmented as; Cloud, On-premise.

By Vertical: Based on the Vertical, Global Mobile Application Security Testing Market is segmented as; BFSI, Government & Defense, Healthcare & Life Science, IT & Telecom, Manufacturing, Retail & E-commerce, Others.

By Region: This research also includes data for Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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