The global mobile application security testing (MAST) market is estimated to be worth USD 0.9 billion in 2023 and is projected to reach USD 3.2 billion by 2028

The global mobile application security testing (MAST) market is estimated to be worth USD 0.9 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 28.3% during the forecast period.

https://www.marketresearchdirect.com/report/mobile-application-security-testing-market-by-offering-operating-system-ios-android-deployment-mode-on-premises-cloud-organization-size-vertical-bfsi-it-telecom-retail-ecommerce-and-2/

The increasing integration of mobile apps with backend systems, cloud services, and third-party APIs is a fundamental driver of the MAST market. As mobile applications become more interconnected and reliant on various external components, the potential attack surface expands, making them susceptible to various security threats. This emphasizes the need for thorough testing to identify and rectify vulnerabilities in the interactions between mobile apps and external services, protecting against potential breaches and ensuring the overall resilience of the entire application ecosystem. In an era where seamless connectivity is a priority, robust mobile application security testing is indispensable to fortify against risks arising from the integration complexity and interconnected nature of modern mobile applications.

"By offering, the services segment to register the highest growth rate during the forecast period."

MAST services are classified as professional services and managed services. MAST services involve a systematic evaluation of the security features and vulnerabilities within mobile applications. These services employ various testing methods, including static analysis, dynamic analysis, and penetration testing, to identify and rectify potential security risks.

"By deployment mode, the cloud segment to segment to hold the largest market size during the forecast period."

The cloud segment's rapid growth within the MAST market can be attributed to several key factors. First and foremost, the shift towards cloud-based solutions has become a prevailing trend across various industries. Organizations are drawn to the flexibility and scalability that cloud-based deployment offers. Cloud solutions for MAST often provide on-demand access to a variety of testing tools. It enables efficient and comprehensive evaluations of mobile applications. Also, the features, including automatic updates and real-time collaboration, contribute to a more streamlined testing process. Cloud deployment is particularly beneficial for organizations that look for flexibility, quick implementation, and the ability to leverage shared resources for comprehensive mobile application security testing.

"Asia Pacific to register the highest growth rate during the forecast period."

Asia Pacific is poised to register the most substantial growth rate during the forecast period in the context of the MAST market. Several key factors contribute to this notable growth trajectory. The Asia Pacific region is experiencing rapid digital transformation and economic expansion, fostering an environment where mobile devices are increasingly integrated into both personal and professional life. Investments in cybersecurity solutions, including MAST tools and services, have been notable in the Asia Pacific region as organizations strive to mitigate risks and protect sensitive data.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The breakdown of the primaries is as follows:
• By Company Type: Tier 1 - 10%, Tier 2 - 57%, and Tier 3 - 33%
• By Designation: C-level - 40%, Managers and Others - 60%
• By Region: North America - 35%, Europe - 20%, Asia Pacific - 45%.

The major players in the MAST market are IBM (US), HCLTech (India), OpenText (Canada), Synopsys (US), 3i Infotech (India), Qualys (US), Syhunt (Brazil), Checkmarx (US), Testhouse (UK), Ivanti (US), Digital.ai (US), Veracode (US), Onapsis (US), Snyk (US), Secure Code Warrior (Australia), eShard (France), Quokka (India), Data Theorem (US), Pradeo (France), PortSwigger (UK), ImmuniWeb (Switzerland), Contrast Security (US), Codified Security (UK), App-Ray (Austria), Entersoft Security (India), DerSecur (Israel), Fluid Attacks (US), Acunetix (US), VerSprite (US), Appknox (Singapore), and NowSecure (US).

https://www.marketresearchdirect.com/report/mobile-application-security-testing-market-by-offering-operating-system-ios-android-deployment-mode-on-premises-cloud-organization-size-vertical-bfsi-it-telecom-retail-ecommerce-and-2/

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This release was published on openPR.