Mobile Application Security Platform Market Set to Increase Significantly by 2024

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Global Mobile Application Security Market: Overview

Increased use and development of mobile applications has led to the rise of its security as well. Owing to the reasons such as cyber threat, cyber attacks, online theft, and identity theft, the rise for security is felt immensely.

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Global Mobile Application Security Market: Growth Factors

The global mobile application security market is likely to have a huge boom in the near period. Growing cases of fraud and online attacks are the main reason that has boosted the growth of the global market. Moreover, growing concern about the safety and security is also driving the growth of the global mobile application security market. In addition to this, the rise in the demand from the industry is also powering the growth of the global mobile application security market. Furthermore, increased use of smartphones is also one of the significant reasons that are driving the global market. In addition to this, use of advanced technology is also playing an important role in the growth of the global market.

On the other hand, unawareness among the people is the main reason hampering the growth of the global market. Besides this, lack of job opportunities is also one of the significant reasons that are restraining the growth of the global market. In addition, the high cost of labor is also one of the reasons that are decreasing the growth of the global mobile application security market.

Global Mobile Application Security Market: Segmentation

Based on components, the global mobile application security market is mainly classified as mobile application security, web application security, professional services, managed services, and others.

On the basis of testing types, the global market is segmented into dynamic application security testing, static application security testing, interactive application security testing, and others.

Based on verticals, the global market for mobile application security is segmented into manufacturing, telecommunication and IT, banking, financial services, and insurance (BFSI), government, transportation and logistics, retail and e-commerce, media and entertainment, travel and hospitality, healthcare and life science, gaming, and others.

On the basis of deployment methods, the global market is segmented into on-premises and cloud.

Based on organization size, the global market for mobile application security is segmented into small, medium, and large enterprises.

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Global Mobile Application Security Market: Regional Analysis

Geographically, the global mobile application security market is regionally bifurcated as Asia Pacific, North America, and Rest of the World. Growing cases of fraud and online attacks have boosted the global market in Canada and the U.S. Growing awareness among the users in Asia Pacific is one of the main factors that are lowering the global market.

Global Mobile Application Security Market: Competitive Players

Some of the key players in the global market for mobile application security are Hewlett-Packard Enterprise, IBM Corporation, Veracode, WhiteHat Security, Checkmarx, Qualys, Acunetix, Rapid7, Accenture, Cigital, Ernst & Young, and Deloitte.

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