DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The "Global Enterprise Mobile Application Security Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The global enterprise mobile application security market is expected to reach revenue of $8.54 billion by 2023, growing at a CAGR of 12.8% during the forecast period 2017-2023.

Most of the mobile devices that are being used in recent times have no security applications, which is mainly due to the lack of awareness about protecting a mobile device. In most cases, mobile users download a variety of third-party apps, and even after uninstalling, often these apps still have access to consumer information, which is overseen by a majority of mobile phone users. As a result, sensitive personal information, including bank account details, social security number, and contacts, are likely to be exposed to hackers if they could identify the vulnerabilities present in a mobile device.

As numerous enterprises are investing in smartphones and tablets to improve employee mobility as well as consumers leveraging BYOD, both enterprise's sensitive information and personal information will be at stake. Vulnerabilities, such as injections, poor authentication, and lack of structured BYOD policies on information storage, are expected to result in possible cyber risks with data loss or data breach. The adoption of wearable devices at the workplace is further adding to the increasing security vulnerabilities. Enterprises are investing in a wide range of devices and application security platforms to focus on the application-level protection of a device.

By 2021, on an average, over 110 applications are expected to be used by enterprises across the globe, and a significant part of these apps are likely to be created on open source platforms. Also, device protection policies are expected to be changed across the globe and protection of sensitive customer information will become a responsibility of enterprises, driving the growth for mobile application security among enterprises.

Highlights of the Report:

The market share of MAM platforms is expected to surpass MDM during the forecast period 2017-2023 Due to regulatory push, enterprises are expected to take the ownership of securing their employee information when present in an enterprise Security solution vendors are expected to come up with industry-centric authentication and encryption solutions DAST and RASP testing tool platforms are most likely to receive higher adoption from app developers and enterprises

Key Topics Covered:

1 Industry Outlook

2 Report Outline

3 Market Snapshot

4 Market Outlook

5 Market Characteristics

6 Testing Types: Market Size and Analysis

7 Platform & Solutions: Market Size and Analysis

8 Risk analytics & reporting: Market Size and Analysis

9 Industry: Market Size and Analysis

10 Regions: Market Size and Analysis

11 Vendors Profiles

IBM CA Technologies Symantec Corporation BlackBerry

12 Companies to Watch for

WhiteSource Black Duck Software whiteCryption. Waratek MI3 SECURITY

For more information about this report visit https://www.researchandmarkets.com/research/rw4tqf/global_enterprise?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005493/en/

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Related Topics:IT Security,Mobile Content

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY MOBILE/WIRELESS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/30/2018 09:48 AM/DISC: 08/30/2018 09:48 AM

http://www.businesswire.com/news/home/20180830005493/en