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Major companies operating in the mobile application security industry are:
These companies are focusing on strategic partnerships to increase their market share. For instance, In January 2023, Ivanti extended its partnership with Lookout Mobile Endpoint Security to offer Mobile Threat Defense in line with its unified endpoint management solution.
The retail & e-commerce segment was 24% in 2023, owing to rise in security breaches leading to financial losses and reputational damages.
The market size of mobile application security reached USD 5.2 billion in 2023 and is set to expand at 22% CAGR through 2032, backed by the growing shift towards agile development methodologies for faster release cycles in mobile apps.
Acunetix, Micro Focus, Broadcom, Inc., Veracode, Aeries Technology, Onapsis, Indusface, Cisco Systems, Data Theorem, Google, F5, Inc., Ivanti, NowSecure, Sophos, and VMware.
Asia Pacific market is poised to witness 25% CAGR from 2024 to 2032, driven by the rising smartphone penetration in the region.