Mobile Application Security Market Size to Grow USD 37.1 Billion by 2032 at a CAGR of 26.3%>
– CISION (PR Newswire)
: Mobile Transactions has Increased Significantly as Governments are Encouraging digital Transactions | Valuates Reports
The mobile application security market is expected to grow from USD 14.45 billion in 2020 to USD 37.1 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 26.3% from 2021 to 2032.
The market growth is attributed to the increasing number of mobile applications in the market, as well as rising number of mobile transactions.
Governments of various countries are emphasizing on promoting the digital transactions with the help of smartphones, which is subsequently driving the mobile application security market globally.
Moreover, the shift towards digital economy and increasing internet penetration among all the age groups is expected to fuel the market growth during the forecast period.
In addition, the various features offered by mobile application security solutions, such as compliance with the security policies, firmware updates, monitor data traffic, and protect against other malicious activities, are encouraging customers to adopt the solutions across the world, thereby driving the market growth.
Additionally, the increasing use of mobile applications and connected services has increased the need for protecting mobile phones from malicious attacks.
Additionally, the increasing focus of companies on protecting their customers’ data and private information is significantly increasing the demand for secure mobile application solutions to manage data security issues.
The report provides extensive competitive analyses and profiles key market players, such as IBM Corporation, Symantec Corporation, McAfee LLC, Check Point Software Technologies, HCL Technologies, Trend Micro Incorporated, Fortinet Inc., Cisco Systems Inc., Palo Alto Networks Inc., FireEye Inc., and Dark Matter.
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