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

Global mobile application security platform market 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.

08-Aug-2019 | Number of pages: 168 | Report Code: ZMR-930 | Report Format : | Status : Published

Analysis

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, for example, Byju’s. In 2018, Naspers announced investments worth USD 540 million in e-learning applications. With organizations in the education sector focusing on offering online education facilities, mobile applications are expected to play a major role in the mobile application security platform market growth in the years ahead.

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. Alternatively, the increasing adoption of cloud-based solutions in various enterprises will open new growth avenues for market development over the estimated timeframe.

Global Mobile Application Security Platform Market

The mobile application security platform market is divided on the basis of solution, deployment, enterprise, and end-use industry. On the basis of end-use industry, 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. In 2016, the total number of mobile banking users in the U.S. was around 111 million as compared to 89 million in 2014. These numbers are projected to rise as various banks and financial institutes are focusing on investing in mobile banking technology to cater to various end-user requirements over the upcoming years.

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. Latin America will witness notable market growth in the upcoming years, owing to the increasing adoption of technology by the retail sector.

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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