Global Mobile Application Security Market - Expected to Grow from $808.8 Million in 2015 to $2.5 Billion in 2020

18 Dec, 2015, 06:10 ET from Research and Markets

DUBLIN, Dec. 18, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/3qrzz4/mobile) has announced the addition of the "Mobile Application Security Market - Global Forecast to 2020" report to their offering.

The mobile application security market is expected to grow to USD 2.5 Billion in 2020, at a compound annual growth rate (CAGR) of 25.7% due to continuous emergence of new technologies. Moreover, the emergence of cloud-based solutions is helping this market grow progressively.

One of the other major factors driving this market is the adoption of standards and privacy regulations and growing demand for end-to-end security solutions. With the growth in the mobile device usage, the risk of data theft, phishing has also increased. This has encouraged organizations to roll out regulations to boost the demand for this market.

With the increasing adoption rate of Bring your own Devices (BYOD), the security-related issues are also increasing. The most common mobile attacks registered till 2014 include data interception, unauthorized location tracking, spamming, browser exploits, phishing, keystroke logging, malware, theft/loss, network exploits, spoofing, and zero-day-exploit. In 2014, the U.S. accounted for an increase in Android mobile malware encounter rate which reached 7% as compared to 4% in 2013.

The strong inclination toward internet and the need to be connected to the web is driving the market for mobile application security in all regions.

In terms of regions, North America is expected to be account for the largest market size, while Middle East & Africa (MEA) and Asia-Pacific (APAC) are expected to experience an increase in market traction during the forecast period. Latin America is expected to experience a high growth rate and high adoption trend in this market. The increasing penetration and adoption of mobile devices has been a major driver for the fast growth in the APAC market.

Increasing malware threat and growing demand for end-to-end security suites are pushing the growth of the mobile application security market. However, it is anticipated that the major vendors would face stiff competition from the local vendors from diverse regions. On the flip side, the lack of acceptance from large enterprises would hinder the growth of this market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Mobile Application Security: Market Size and Forecast, By Solution

8 Mobile Application Security: Market Size and Forecast, By Deployment Type

9 Mobile Application Security: Market Size and Forecast, By User Type

10 Mobile Application Security: Market Size and Forecast, By Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profile

Companies Mentioned:

  • AVG Technologies
  • Airpatrol Corporation
  • Avast Software S.R.O.
  • Kaspersky Lab
  • Lookout, Inc.
  • MCAFEE (Intel)
  • Mobileiron
  • Symantec Corporation
  • Trend Micro, Inc.
  • VMWare (EMC)

For more information visit http://www.researchandmarkets.com/research/3qrzz4/mobile

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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