Mobile Application Security Testing Market
Mobile Application Security Testing Market Forecasts to 2030 - Global Analysis By Offering (Solutions, Services and Other Offerings), Enterprise Size (Small and Medium Enterprises (SMEs) and Large Enterprises), Deployment Model, Operating System, End User, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $0.9 BN |
|
Projected Year Value (2030) |
US $3.2 BN |
|
CAGR (2023 - 2030) |
26.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Mobile Application Security Testing Market is accounted for $0.9 billion in 2023 and is expected to reach $3.2 billion by 2030 growing at a CAGR of 26.3% during the forecast period. Mobile Application Security Testing (MAST) is a crucial process aimed at identifying and mitigating security vulnerabilities within mobile applications. It involves a comprehensive examination of the application's code, architecture, and data storage to uncover potential weaknesses that could be exploited by malicious actors. By conducting mobile application security testing, developers and organizations can proactively address vulnerabilities. This process is vital in safeguarding sensitive user data, preventing unauthorized access, and ensuring the integrity and confidentiality of information within the mobile application ecosystem.
Market Dynamics:
Driver:
Proliferation of mobile apps
The global explosion of mobile applications across diverse industries and sectors has created a burgeoning need for robust security measures. Organizations recognize that each app represents a potential entry point for cyber threats, making it imperative to identify and rectify vulnerabilities before deployment. Moreover, as organizations strive to protect user data, ensure regulatory compliance, and uphold brand reputation, the proliferation of mobile apps becomes a key catalyst for the continuous evolution that is driving this market size.
Restraint:
High cost
The high costs associated with mobile application security testing can act as a barrier for organizations, particularly small and medium-sized enterprises that have limited budgets. It may lead to inadequate testing practices or even the neglect of security testing altogether, which increases the risk of security breaches and compromises the overall integrity of mobile applications. Moreover, engaging skilled security professionals who command high salaries poses a significant restraint on this market.
Opportunity:
Awareness of security risks
The growing awareness of the financial, reputational, and legal consequences of security lapses has led organizations to recognize the critical need for thorough MAST measures. High-profile data breaches, instances of malware, and privacy violations have underscored the vulnerability of mobile apps, prompting a proactive response from enterprises. Moreover, this heightened consciousness extends from developers and IT professionals to end-users, fostering a collective commitment to mobile application security.
Threat:
Lack of skilled professionals
The lack of skilled professionals in mobile application security testing poses a challenge for companies seeking to develop and maintain secure mobile applications. This shortage can be attributed to several factors, including the rapidly evolving nature of mobile technologies and the high demand for skilled professionals in the cybersecurity field, which hampers the overall growth of the mobile application security testing market.
Covid-19 Impact
The COVID-19 pandemic has had notable negative impacts on the Mobile Application Security Testing (MAST) market. During the global economic slowdown, many businesses faced financial constraints, leading to reduced budgets for non-essential activities, including cybersecurity measures. This has, in turn, affected the investment capacity of organizations in MAST services, hindering the adoption of comprehensive security testing solutions for mobile applications.
The services segment is expected to be the largest during the forecast period
The services segment is estimated to hold the largest share due to its pivotal role in helping organizations identify and rectify vulnerabilities in their mobile apps. This service involves the examination of the application's behavior during runtime, simulating user interactions to identify vulnerabilities that may not be apparent in static analysis. In addition, service providers assess potential threats and risks associated with the mobile application, helping organizations develop strategies to mitigate and manage these risks effectively, which is driving this segment’s growth.
The cloud segment is expected to have the highest CAGR during the forecast period
The cloud segment is anticipated to have highest CAGR during the forecast period due to its accessibility from anywhere with an internet connection, enabling remote testing and collaboration among geographically dispersed teams and stakeholders. These services often integrate with DevOps pipelines and automated testing frameworks, facilitating seamless integration into the development lifecycle for continuous security testing, which is propelling segment expansion.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to a proactive approach to mitigating mobile application vulnerabilities. Major Key players such as Google, Cisco Systems, Aeries Technology, and DataTheorem host a technologically advanced landscape where businesses recognize the critical need for securing mobile applications. Furthermore, the North American market also showcases a trend toward integrated DevSecOps practices, embedding security into the entire software development lifecycle, which is driving this region’s growth.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to government regulations such as the General Data Protection Regulation (GDPR) that have heightened the focus on data privacy, prompting businesses to invest in robust security measures, including comprehensive MAST solutions. This region is increasingly adopting advanced MAST tools and services to address the complexities of mobile app security. Therefore, collaboration and information sharing within the European Union contribute to a collective effort to combat cyber threats, which is boosting this region's expansion.
Key players in the market
Some of the key players in the Mobile Application Security Testing Market include Vmware, Sophos, NowSecure, Ivanti, Veracode, Indusface, Onapsis, Micro Focus, DataTheorem, Google, Cisco Systems, F5, Inc., Aeries Technology, Broadcom, Inc. and Acunetix.
Key Developments:
In December 2023, Cisco announced the intent to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds.
In October 2022, Acunetix releases support for RHEL 9, updates CWE report, and improve PHP IAST AcuSensor and has been updated to report MongoDB injection and SSTI vulnerabilities.
Offering Covered:
• Solutions
• Services
• Other Offerings
Enterprise Sizes Covered:
• Small and Medium Enterprises (SMEs)
• Large Enterprises
Deployment Models Covered:
• Cloud
• On-premise
Operating Systems Covered:
• iPhone OS (IOS)
• Andriod
• Other Operating Systems
End Users Covered:
• Retail & E-commerce
• Healthcare
• Government & Defense
• Education
• Transportation
• Manufacturing
• Banking, Financial Services, and Insurance (BFSI)
• Information Technology (IT) & Telecom
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mobile Application Security Testing Market, By Offering
5.1 Introduction
5.2 Solutions
5.2.1 Anti-Virus
5.2.2 Anti-Theft
5.2.3 Web Security
5.2.4 Data Backup and Recovery
5.3 Services
5.3.1 Managed
5.3.2 Professional
5.3.2.1 Consulting
5.3.2.2 Support and Maintenance
5.3.2.3 Integration
5.4 Other Offerings
6 Global Mobile Application Security Testing Market, By Enterprise Size
6.1 Introduction
6.2 Small and Medium Enterprises (SMEs)
6.3 Large Enterprises
7 Global Mobile Application Security Testing Market, By Deployment Model
7.1 Introduction
7.2 Cloud
7.3 On-premise
8 Global Mobile Application Security Testing Market, By Operating System
8.1 Introduction
8.2 iPhone OS (IOS)
8.3 Andriod
8.4 Other Operating Systems
9 Global Mobile Application Security Testing Market, By End User
9.1 Introduction
9.2 Retail & E-commerce
9.3 Healthcare
9.4 Government & Defense
9.5 Education
9.6 Transportation
9.7 Manufacturing
9.8 Banking, Financial Services, and Insurance (BFSI)
9.9 Information Technology (IT) & Telecom
9.10 Other End Users
10 Global Mobile Application Security Testing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Vmware
12.2 Sophos
12.3 NowSecure
12.4 Ivanti
12.5 Veracode
12.6 Indusface
12.7 Onapsis
12.8 Micro Focus
12.9 Data Theorem
12.10 Google
12.11 Cisco Systems
12.12 F5, Inc.
12.13 Aeries Technology
12.14 Broadcom, Inc.
12.15 Acunetix
List of Tables
1 Global Mobile Application Security Testing Market Outlook, By Region (2021-2030) ($MN)
2 Global Mobile Application Security Testing Market Outlook, By Offering (2021-2030) ($MN)
3 Global Mobile Application Security Testing Market Outlook, By Solutions (2021-2030) ($MN)
4 Global Mobile Application Security Testing Market Outlook, By Anti-Virus (2021-2030) ($MN)
5 Global Mobile Application Security Testing Market Outlook, By Anti-Theft (2021-2030) ($MN)
6 Global Mobile Application Security Testing Market Outlook, By Web Security (2021-2030) ($MN)
7 Global Mobile Application Security Testing Market Outlook, By Data Backup and Recovery (2021-2030) ($MN)
8 Global Mobile Application Security Testing Market Outlook, By Services (2021-2030) ($MN)
9 Global Mobile Application Security Testing Market Outlook, By Managed (2021-2030) ($MN)
10 Global Mobile Application Security Testing Market Outlook, By Professional (2021-2030) ($MN)
10 Global Mobile Application Security Testing Market Outlook, By Other Offerings (2021-2030) ($MN)
11 Global Mobile Application Security Testing Market Outlook, By Enterprise Size (2021-2030) ($MN)
12 Global Mobile Application Security Testing Market Outlook, By Small and Medium Enterprises (SMEs) (2021-2030) ($MN)
14 Global Mobile Application Security Testing Market Outlook, By Large Enterprises (2021-2030) ($MN)
15 Global Mobile Application Security Testing Market Outlook, By Deployment Model (2021-2030) ($MN)
16 Global Mobile Application Security Testing Market Outlook, By Cloud (2021-2030) ($MN)
17 Global Mobile Application Security Testing Market Outlook, By On-premise (2021-2030) ($MN)
18 Global Mobile Application Security Testing Market Outlook, By Operating System (2021-2030) ($MN)
19 Global Mobile Application Security Testing Market Outlook, By iPhone OS (IOS) (2021-2030) ($MN)
20 Global Mobile Application Security Testing Market Outlook, By Andriod (2021-2030) ($MN)
21 Global Mobile Application Security Testing Market Outlook, By Other Operating Systems (2021-2030) ($MN)
22 Global Mobile Application Security Testing Market Outlook, By End User (2021-2030) ($MN)
23 Global Mobile Application Security Testing Market Outlook, By Retail & E-commerce (2021-2030) ($MN)
24 Global Mobile Application Security Testing Market Outlook, By Healthcare (2021-2030) ($MN)
25 Global Mobile Application Security Testing Market Outlook, By Government & Defense (2021-2030) ($MN)
26 Global Mobile Application Security Testing Market Outlook, By Education (2021-2030) ($MN)
27 Global Mobile Application Security Testing Market Outlook, By Transportation (2021-2030) ($MN)
28 Global Mobile Application Security Testing Market Outlook, By Manufacturing (2021-2030) ($MN)
29 Global Mobile Application Security Testing Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2021-2030) ($MN)
30 Global Mobile Application Security Testing Market Outlook, By Information Technology (IT) & Telecom (2021-2030) ($MN)
31 Global Mobile Application Security Testing Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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