Mobile Application Security Market Growth and Size, Rising Trends, Revenue, Scope, Challenges and Future Opportunities and Forecast till 2033: SPER Market Research
Mobile Application Security Testing Market is projected to be worth USD 11.43 Billion by 2033 with a CAGR of 29%
Anthony tone
Mobile Application Security Testing (MAST) is the process of assessing and ensuring the security of mobile applications. Organizations are emphasizing security measures to safeguard sensitive data and uphold user confidence as mobile threats become increasingly sophisticated. Static application security testing (SAST), dynamic application security testing (DAST), and interactive application security testing (IAST) are some of the testing approaches covered in this sector. The practice of assessing mobile apps to find threats, vulnerabilities, and security flaws prior to their deployment or update is called mobile application security testing. Mobile application security must be prioritized in order to safeguard sensitive data and uphold user confidence as mobile devices become more and more integrated into daily life and company processes.
According to SPER Market Research, ‘Global Mobile Application Security Testing Market Size- By Offering, By Organization Size, By OS Type, By Deployment, By Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Mobile Application Security Testing Market is estimated to reach USD 11.43 Billion by 2033 with a CAGR of 29%
Drivers:
The industry for mobile application security testing has a lot of room to develop. The need for strong security measures is growing as mobile applications become more common in a variety of industries, such as e-commerce, healthcare, and banking. Comprehensive security testing solutions are becoming more and more necessary as Bring Your Own Device (BYOD) rules are adopted by enterprises and remote work becomes more prevalent. Proactive security measures are especially important because cyber dangers like data breaches and mobile malware are becoming more common. Moreover, the introduction of cutting-edge technology, such artificial intelligence and machine learning, presents prospects for the development of novel security testing tools that can automate and improve testing procedures. Regulation compliance, notably with standards like GDPR and HIPAA.
Restraints:
The diversity of mobile platforms, including iOS and Android, and variations in device configurations provide challenges for MAST. Solutions need to adapt to different contexts in order to provide comprehensive testing coverage. Due to this variety, MAST providers have to design testing protocols that account for the unique characteristics and weaknesses of every platform. The rapid pace of mobile app development often outstrips the security testing process, leading to vulnerabilities being added before they can be thoroughly examined. Attackers are getting more and more skilled at taking advantage of newly discovered vulnerabilities. Testing procedures must be updated frequently and adjusted to keep up with these hazards. Unverified code may be introduced due to the growth of third-party libraries and APIs, raising the possibility of security vulnerabilities. Effective monitoring and security of these components is frequently a challenge for organizations.
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Due to increased reliance on mobile apps by consumers and organizations for remote work, shopping, and communication, the COVID-19 pandemic had a substantial impact on the market for mobile application security testing and sped up the transition to digital solutions. The demand for reliable security testing solutions surged as a result of the app usage spike that brought to light pre-existing vulnerabilities. Integrating security early in the development lifecycle is becoming more and more important since agile development methods are being adopted by many firms to quickly respond to changing needs. But the epidemic also put a burden on resources; many businesses had to reduce staff and budgets, which frequently meant that security testing wasn't adequately funded.
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.
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