MarketsandMarkets predicts the global mobile application security market will grow significantly within the next five years. The firm forecasts the market to reach $2.5 billion by 2020, beginning from $808.9 million in 2015, with a CAGR of 25.7 percent.
The substantial amount of growth can be attributed to the increase in demand for cloud-based application solutions and overall awareness of necessary application security. As reports of malvertising and hackers gaining information through apps increase, more enterprises will invest in secure application development.
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