Mobile Application Security Market Size

Mobile Application Security Market size was valued at USD 5.2 billion in 2023 and is estimated to exhibit notable CAGR over 22% from 2024 to 2032. The growing shift towards agile development methodologies for faster release cycles in mobile apps will drive the market growth. The rising usage of mobile devices and apps has led to the surging development of high-quality and user-friendly mobile applications. According to Amity, around 230 billion apps were downloaded in 2021 alone. As a result, the growing popularity of agile methodologies over conventional approaches for mobile applications will drive the market size.

The growing adoption of mobile apps in IoT devices and the consequent rise in the number of cybercriminals will play a key role in the market expansion. The increasing emphasis on the security of the entire ecosystem, such as IoT devices, mobile apps, and cloud professional services has led to the rising need to prevent potential breaches, adding to the industry growth.

The constant exposure to new and sophisticated threats in the mobile application security market, including phishing attacks, malware, and data breaches may limit the industry growth to some extent. The lack of awareness of the importance of keeping mobile devices and apps updated can also lead to poor security practices.