New York, NY, Aug. 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Mobile Application Security Platform Market By Solution (Anti-Theft, Web Security, Backup & Recovery, Authentication, and Others), By Deployment (On-Premises and Cloud), By Enterprise (SMEs, Large Enterprises, and Individuals), and By End-Use Industry (Retail, BFSI, IT & Telecom, Education Sector, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2025”. According to the report, the global mobile application security platform market was USD 1,585 million in 2018 and is expected to reach around USD 7,731 million by 2025, at a CAGR of 25.4% between 2019 and 2025.
The increasing adoption of technology in the education sector has is driving the mobile application security platform market globally. Rising investments in e-learning are fuelling the demand for mobile application security solutions. The mobile application security platform market is estimated to grow notably in the future, owing to the rising number of smartphone users globally. In 2018, the global number of smartphone users was about 2.9 billion as compared to 2.5 billion in 2016. It is estimated that by 2021, this number will reach around 3.8 billion. This, in turn, will result in several growth opportunities for the players operating in the mobile application security platform market by expanding their businesses and leverage their product offerings. However, the high cost of mobile application solutions may adversely affect the market for mobile application security platform growth in the upcoming years.
Browse through 71 Tables & 34 Figures spread over 168 Pages and in-depth TOC on “Global Mobile Application Security Platform Market Share 2018: Industry Size, Trends, Growth, Analysis, and Forecast to 2025”.
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The mobile application security platform market is divided on the basis of solution, deployment, enterprise, and end-use industry. By deployment, the market includes cloud and on-premises. The cloud segment is projected to make a notable contribution over the forecast timespan, owing to the regional expansion of numerous organizations that is fueling the demand for deployment of mobile application cloud-based security solutions. Based on the enterprise, the mobile application security platform market includes SMEs, large enterprises, and individuals. The individuals segment is projected to grow notably in the future, owing to the rising disposable income that is increasing the number of smartphone users. The end-use industry segment of the market includes BFSI, IT and telecom, retail, education sector, media and entertainment, and others. The BFSI sector is anticipated to witness notable growth over the estimated time period, owing to the increasing adoption of mobile banking.
North America is anticipated to hold a substantial share of the mobile application security platform market globally over the estimated timespan. The U.S. is expected to make notable contributions to the growing demand for mobile application security solutions in the IT and telecom sector. Furthermore, the regional presence of major market players, such as Symantec Corporation, McAfee, and VMware, is anticipated to further drive the North American market. The rising product demand by the country’s media and entertainment sector is also fuelling market growth. Organizations like Facebook and Netflix are focusing on enhancing the security of their mobile applications through automation. Protecting customer data and preventing bad content being delivered to the customer are the key areas in focus for these organizations.
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The Asia Pacific region is anticipated to show notable growth in the mobile application security platform market. India and China are anticipated to make vital contributions to this regional market over the estimated time period, owing to the increasing number of regional smartphone users. In 2018, the global number of smartphone users was around 3 billion, with the Asia Pacific contributing more than half of the total number. It is estimated that by 2021, the region will have about 2.1 billion smartphone users. Thus, the mobile application security platform market will grow further over the forecast timespan.
The European BFSI sector is one of the most lucrative sectors for the mobile application security platform market. France, Germany, and the UK are the key countries that market players are focusing on to offer their solutions. Numerous banks and other financial institutes in the region are aiming at developing secured mobile applications for their customers. In 2018, European banks were targets to about 70% hacker attacks. Thus, the region’s mobile application security platform market is expected to grow substantially over the forecast timeframe.
Browse the full “Mobile Application Security Platform Market By Solution (Anti-Theft, Web Security, Backup & Recovery, Authentication, and Others), By Deployment (On-Premises and Cloud), By Enterprise (SMEs, Large Enterprises, and Individuals), and By End-Use Industry (Retail, BFSI, IT & Telecom, Education Sector, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/mobile-application-security-platform-market
Latin America will witness notable market growth in the upcoming years, owing to the increasing adoption of technology by the retail sector due to the growing demand for online shopping in Argentina and Brazil. In 2017, Brazil led the Latin America e-commerce market and accounted for about 38% share, followed by Argentina with 22%.
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Some noticeable players of the mobile application security platform market are Symantec Corporation, Trend Micro, MobileIron, AVG Technologies, Kaspersky Lab, McAfee, AirPatrol Corporation, Lookout, VMware, and Avast Software.
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This report segments the global mobile application security platform market into:
Global Mobile Application Security Platform Market: Deployment Analysis
- On-Premises
- Cloud
Global Mobile Application Security Platform Market: Solution Analysis
- Anti-Theft
- Web Security
- Backup and Recovery
- Authentication
- Others
Global Mobile Application Security Platform Market: Enterprise Analysis
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Individuals
Global Mobile Application Security Platform Market: End-Use Industry Analysis
- Retail
- BFSI
- IT and Telecom
- Education Sector
- Media and Entertainment
- Others
Global Mobile Application Security Platform Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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