Mobile Application Security Platform Market Size, Share, And Growth Report 2032

Mobile Application Security Platform Market: Size

The global Mobile Application Security Platform market size was worth around USD 2.53 billion in 2023 and is predicted to grow to around USD 22.28 billion by 2032 with a compound annual growth rate (CAGR) of roughly 27.32% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Mobile Application Security Platform market on a global and regional level.

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Mobile Application Security Platform Market: Overview

The increasing adoption of technology in the education sector has is driving the mobile application security platform market globally. Rising investments in e-learning are fuelling the demand for mobile application security solutions, for example, Byju’s. In 2018, Naspers announced investments worth USD 540 million in e-learning applications. With organizations in the education sector focusing on offering online education facilities, mobile applications are expected to play a major role in the mobile application security platform market growth in the years ahead.

The mobile application security platform market is estimated to grow notably in the future, owing to the rising number of smartphone users globally. In 2018, the global number of smartphone users was about 2.9 billion as compared to 2.5 billion in 2016. This, in turn, will result in several growth opportunities for the players operating in the mobile application security platform market by expanding their businesses and leverage their product offerings. However, the high cost of mobile application solutions may adversely affect the market for mobile application security platform growth in the upcoming years. Alternatively, the increasing adoption of cloud-based solutions in various enterprises will open new growth avenues for market development over the estimated timeframe.

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Mobile Application Security Platform Market: Segmentation

The study provides a crucial view of the mobile application security platform market by segmenting it based on deployment, solution, enterprise, end-use industry, and region. All the segments of the mobile application security platform market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of end-use industry, the market includes BFSI, IT and telecom, retail, education sector, media and entertainment, and others. The BFSI sector is anticipated to witness notable growth over the estimated time period, owing to the increasing adoption of mobile banking. In 2016, the total number of mobile banking users in the U.S. was around 111 million as compared to 89 million in 2014. These numbers are projected to rise as various banks and financial institutes are focusing on investing in mobile banking technology to cater to various end-user requirements over the upcoming years.

Mobile Application Security Platform Market: Report Scope

Mobile Application Security Platform Market: Regional Analysis

The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

North America is anticipated to hold a substantial share of the mobile application security platform market globally over the estimated timespan. The U.S. is expected to make notable contributions to the growing demand for mobile application security solutions in the IT and telecom sector. Furthermore, the regional presence of major market players, such as Symantec Corporation, McAfee, and VMware, is anticipated to further drive the North American market. Latin America will witness notable market growth in the upcoming years, owing to the increasing adoption of technology by the retail sector.

Mobile Application Security Platform Market: Competitive Players

Some noticeable players of the mobile application security platform market are:

• Symantec Corporation
• Trend Micro
• MobileIron
• AVG Technologies
• Kaspersky Lab
• McAfee
• AirPatrol Corporation
• Lookout
• VMware
• Avast Software

The Global Mobile Application Security Platform Market is segmented as follows:

Global Mobile Application Security Platform Market: Deployment Analysis

• On-Premises
• Cloud

Global Mobile Application Security Platform Market: Solution Analysis

• Anti-Theft
• Web Security
• Backup and Recovery
• Authentication
• Others

Global Mobile Application Security Platform Market: Enterprise Analysis

• Small and Medium Enterprises (SMEs)
• Large Enterprises
• Individuals

Global Mobile Application Security Platform Market: End-Use Industry Analysis

• Retail
• BFSI
• IT and Telecom
• Education Sector
• Media and Entertainment
• Others

Global Mobile Application Security Platform Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa