OVERVIEW
The Mobile Application Security Testing Market is currently valued at USD 0 .9 billion in 2024 and will be growing at a CAGR of 28.3% over the forecast period to reach an estimated USD 3.2 billion in revenue in 2029. The mobile application security testing market is a rapidly growing sector driven by the increasing proliferation of mobile applications across various industries. With the rising threat landscape, including malware, data breaches, and privacy concerns, organizations are prioritizing the security of their mobile apps. Mobile application security testing involves a comprehensive assessment of mobile applications to identify vulnerabilities and ensure robust protection against cyber threats. This market encompasses a range of solutions and services, including static and dynamic application security testing (SAST and DAST), mobile application penetration testing, and mobile device management (MDM) solutions. Key players in the market offer a variety of tools and services tailored to address the unique security challenges posed by mobile applications, catering to the diverse needs of enterprises, government agencies, and individual developers. As mobile technology continues to advance, the demand for effective security testing solutions is expected to further escalate, driving continued growth in the mobile application security testing market.
The exponential rise in mobile application usage across diverse industries has heightened concerns about data security and privacy, compelling organizations to invest in robust security testing solutions. Additionally, the increasing sophistication of cyber threats targeting mobile apps, including malware, data breaches, and identity theft, has underscored the importance of proactive security measures. Furthermore, stringent regulatory requirements and compliance standards, such as GDPR and CCPA, necessitate comprehensive security testing to ensure compliance and mitigate legal risks. Moreover, the growing adoption of BYOD (Bring Your Own Device) policies and remote work arrangements has expanded the attack surface, driving the need for mobile application security testing to safeguard sensitive corporate data. Lastly, the emergence of new technologies such as IoT (Internet of Things) and 5G connectivity further amplifies the importance of security testing to address evolving vulnerabilities and ensure the integrity of mobile applications in an increasingly connected ecosystem.
Table of Content
Market Dynamics
Drivers:
The exponential rise in mobile application usage across diverse industries has heightened concerns about data security and privacy, compelling organizations to invest in robust security testing solutions. Additionally, the increasing sophistication of cyber threats targeting mobile apps, including malware, data breaches, and identity theft, has underscored the importance of proactive security measures. Furthermore, stringent regulatory requirements and compliance standards, such as GDPR and CCPA, necessitate comprehensive security testing to ensure compliance and mitigate legal risks. Moreover, the growing adoption of BYOD (Bring Your Own Device) policies and remote work arrangements has expanded the attack surface, driving the need for mobile application security testing to safeguard sensitive corporate data. Lastly, the emergence of new technologies such as IoT (Internet of Things) and 5G connectivity further amplifies the importance of security testing to address evolving vulnerabilities and ensure the integrity of mobile applications in an increasingly connected ecosystem.
Key Offerings:
These offerings typically include comprehensive static and dynamic application security testing (SAST and DAST) solutions, which scan mobile applications for vulnerabilities and weaknesses in code and runtime environments. Additionally, mobile application penetration testing services provide in-depth assessments to identify and exploit security flaws, offering valuable insights into potential attack vectors. Mobile device management (MDM) solutions enable organizations to enforce security policies, manage device configurations, and secure mobile endpoints against unauthorized access and data breaches. Furthermore, security awareness training and consultancy services empower organizations to educate their personnel about best practices and emerging threats, enhancing overall security posture. Key players in the market continually innovate and enhance their offerings to address emerging threats and support the secure development and deployment of mobile applications across industries.
Restraints :
Security testing is made more difficult by the complexity and diversity of mobile platforms and operating systems, which calls for specific knowledge and resources to guarantee thorough coverage. Furthermore, underinvestment in security measures as a result of organisations’ ignorance of the significance of mobile application security testing leaves mobile applications open to cyberattacks. Moreover, organizations—especially small and medium-sized ones—may find it difficult to implement thorough security testing solutions due to financial and resource limits. Moreover, time restrictions resulting from the quick development and deployment cycles of mobile applications may reduce the comprehensiveness of security testing procedures and obscure possible vulnerabilities. Finally, the lack of qualified cybersecurity specialists makes it harder to put good security testing procedures into place, which limits the market’s ability to grow. Industry stakeholders must work together to increase awareness, improve resource accessibility, and close the cybersecurity skills gap in order to overcome these limitations.
Regional Information:
• In North America, the market is propelled by stringent regulatory requirements, such as HIPAA and PCI DSS, which mandate robust security measures for mobile applications handling sensitive data in industries like healthcare and finance. Additionally, the high concentration of technology companies and the prevalence of mobile-centric businesses drive demand for advanced security testing solutions. The region also benefits from a strong cybersecurity ecosystem, with ample investment in research and development, fostering innovation in mobile application security testing technologies.
• In Europe, regulatory compliance, particularly with GDPR, drives the adoption of mobile application security testing solutions to ensure data protection and privacy. The region’s emphasis on digital transformation across sectors further fuels demand for security testing services to safeguard mobile applications against cyber threats. Additionally, increasing incidents of cyberattacks and data breaches underscore the importance of proactive security measures, contributing to market growth.
• Asia Pacific exhibits robust growth potential driven by rapid digitization, burgeoning smartphone penetration, and expanding mobile app usage across industries. Governments in countries like China, India, and South Korea are implementing regulations and standards to enhance cybersecurity, stimulating demand for mobile application security testing solutions. Moreover, the region’s vibrant startup ecosystem and growing investment in cybersecurity infrastructure fuel market expansion.
Recent Developments:
• August 2023 – Synopsys announced two new collaboration agreements with NowSecure, recognized experts in mobile security and privacy, and Secure Code Warrior, provider of the leading agile learning platform for developer-driven security, to expand its Software Integrity Group’s industry-leading portfolio of application security testing (AST) solutions.
• August 2023 – IBM completed its acquisition of Apptio. Apptio’s products merged with IBM’s IT automation portfolio creating a comprehensive technology management platform for businesses to optimize and automate IT decisions across their landscape.
Key Players:
IBM Corporation, Micro Focus International plc, Synopsys, Checkmarx Ltd., Rapid7, Qualys, Veracode (acquired by Broadcom), Trustwave Holdings, WhiteHat Security, and Pradeo Security Systems.
Frequently Asked Questions
1) What is the projected market value of the Mobile Application Security Testing Market?
– The Mobile Application Security Testing Market is expected to reach an estimated value of USD 3.2 billion in revenue by 2029.Â
2) What is the estimated CAGR of the Mobile Application Security Testing Market over the 2024 to 2029 forecast period?
– The CAGR is estimated to be 28.3% for the Mobile Application Security Testing Market over the 2024 to 2029.
3) Who are the key players in the Mobile Application Security Testing Market?
– IBM Corporation, Micro Focus International plc, Synopsys, Checkmarx Ltd., Rapid7, Qualys, Veracode (acquired by Broadcom), Trustwave Holdings, WhiteHat Security, and Pradeo Security Systems.
4) What are the drivers for the Mobile Application Security Testing Market?
– The rise in mobile application usage has raised concerns about data security and privacy, necessitating robust security testing solutions. Cyber threats, regulatory requirements, BYOD policies, and emerging technologies like IoT and 5G connectivity further emphasize the need for comprehensive security testing to protect sensitive corporate data and ensure the integrity of mobile applications.
5) What are the restraints and challenges in the Mobile Application Security Testing Market?
– The complexity of mobile platforms and operating systems presents challenges for security testing, requiring specialized expertise and resources. Organizations often lack awareness, underinvest in security measures, and face budget constraints. The rapid pace of development and deployment also limit thoroughness. The shortage of skilled cybersecurity professionals further exacerbates these issues.
6) What are the key applications and offerings of the Mobile Application Security Testing Market?
– Mobile application security testing, penetration testing, mobile device management, and security awareness training are essential services for organizations to secure their mobile applications. Key players continually innovate and enhance their offerings to address emerging threats and support secure development and deployment across industries.
7) Which region is expected to drive the market for the forecast period?
– North America is expected to have the highest market growth from 2024 to 2029Â
Why Choose Us?
Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.
Competitor Analysis:Â Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.
Industry Forecasts:Â Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.
Access to Industry Experts:Â Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.
Time and Cost Savings:Â Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.
