“The rising web insecurity and cyber-attacks will help Mobile application security market to grow significantly”
It forecasts the global mobile application security market to grow from USD 808.9 million in 2015 to USD 2,536.3 million in 2020. The mobile application security market report provides a thorough analysis of the global mobile application security market based on the various types of solutions available for mobile application protection and theft prevention.
“Emerging market will create opportunity for mobile application security market to grow”
During the analysis, it was studied that the market share of the emerging markets, such as Middle East and Africa (MEA) and Latin America among others will grow at a significant rate due to increasing security demands and development of technology.
The market is expected to grow at a substantial pace due to the growing demand of cloud-based services and increasing usage of mobile-based cloud applications. Further, the adoption of standards and privacy regulations would also provide the market a considerable boost. However the high cost of mobile application security solutions is restraining the market.
The companies profiled in this report include Avast, AVG, AirPatrol, Kaspersky, Lookout, McAfee, MobileIron, Symantec, Trend Micro and VMware.
Introduction of SaaS-based solutions will create new opportunities in this market
In the coming five years, growing demand of SaaS-based solutions in the mobile application security market will improve the offerings and create huge opportunities of growth. Many developing countries in the APAC region are showing interest and acquiring SaaS-based security solutions for protection of their documents.
