SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobile Application Security - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1417
Companies: 41 - Players covered include Appthority, Inc.; Arxan Technologies, Inc.; Checkmarx Ltd.; IBM Corporation; Pradeo Security Systems SAS; Rapid7 Inc.; Veracode, Inc.; WhiteHat Security, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Healthcare, Government, IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Retail, Aerospace & Defense, Media and Entertainment, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Mobile Application Security Market to Reach $6.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobile Application Security estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$6.9 Billion by 2026, growing at a CAGR of 22.9% over the analysis period. Healthcare, one of the segments analyzed in the report, is projected to record a 21.2% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Government segment is readjusted to a revised 23.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $755.5 Million in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Mobile Application Security market in the U.S. is estimated at US$755.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 22.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 19.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR.
IT and Telecom Segment to Reach US$907 Million by the year 2026
In the global IT and Telecom segment, USA, Canada, Japan, China and Europe will drive the 26.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$172 Million in the year 2020 will reach a projected size of US$903 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.