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Mobile Application Security Market Size to Grow USD 37.1 Billion by 2032 at a CAGR of 26.3%: Mobile Transactions has Increased Significantly as Governments are Encouraging digital Transactions | Valuates Reports

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BANGALORE, India, Oct. 10, 2023 /PRNewswire/ — Mobile Application Security Market is Segmented by Component (Solution, Service), by Operating System (Android, iOS, Others), by Enterprise Size (Large Enterprise, Small and Medium-size Enterprise), by Industry Vertical (BFSI, IT and Telecom, Retail, Healthcare, Government, Education, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.  It is Published in Valuates Reports Under the Category of Computer Security.

The global mobile application security market was valued at USD 3.7 Billion in 2022, and is projected to reach USD 37.1 Billion by 2032, growing at a CAGR of 26.3% from 2023 to 2032.
Major Factors Driving the Growth of Mobile Application Security Market:
The primary factors driving the mobile application security market are the expansion of government initiatives for digitalization and the use of digital transaction applications. Additionally, as governments promote digital transactions through various efforts, the amount of mobile transactions has considerably expanded. The necessity for strong security solutions to safeguard sensitive financial data, stop fraud, and guarantee secure transactions has risen as a result of the rising reliance on mobile applications for financial transactions.
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TRENDS INFLUENCING THE GROWTH OF MOBILE APPLICATION SECURITY MARKET:
Because governments are promoting digital transactions through various efforts, the amount of mobile transactions has greatly expanded. Due to the increasing use of mobile applications for financial transactions, there is a greater need for effective security solutions to safeguard sensitive financial information, stop fraud, and guarantee secure transactions. Additionally, as the number of digital transactions has increased, data security and privacy have grown to be very important issues. Governments are emphasizing privacy protection and shielding their populations from cyber risks more and more. A favorable atmosphere is thus created for the expansion of the mobile application security business by government measures for digitization and the increase in the prevalence of digital transaction applications. 
Because governments are promoting digital transactions through various efforts, the amount of mobile transactions has greatly expanded. Due to the increasing use of mobile applications for financial transactions, there is a greater need for effective security solutions to safeguard sensitive financial information, stop fraud, and guarantee secure transactions. Additionally, as the number of digital transactions has increased, data security and privacy have grown to be very important issues. Governments are emphasizing privacy protection and shielding their populations from cyber risks more and more. A favorable atmosphere is thus created for the expansion of the mobile application security business by government measures for digitization and the increase in the prevalence of digital transaction applications. 
BYOD services are being made available by businesses to enable employee mobility. BYOD allows staff members to use their own electronic devices, including laptops, cellphones, and tablets, at their workspace. BYOD further provides mobile device communication over a secure network. The main forces behind the BYOD trend’s popularity are an increase in productivity and employee happiness. Unauthorized data access, data loss and leakage, and malware assaults are the three main problems businesses face while implementing BYOD. Therefore, it is anticipated that increased demand for network security, improved and enhanced data privacy, and security would accelerate the use of mobile device security solutions. 
Mobile devices are now a common target for financial fraud due to the rising use of mobile banking and payment apps. In this context, the importance of secure transactions and the protection of financial data has driven a significant investment in security solutions by the mobile app market.
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MOBILE APPLICATION SECURITY MARKET SHARE ANALYSIS:
Due to the fact that the Asia-Pacific area is a hotbed for cyber threats and assaults aimed at mobile apps, the region is anticipated to have the highest increase throughout the projected period. Cybercriminals take use of flaws in mobile applications to steal confidential data, commit fraud, and disseminate malware. Strong mobile app security solutions, such as threat detection, safe coding techniques, and real-time monitoring to guard against developing cyber threats, are required as a result of the evolving threat landscape.
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Key Companies:
VMware, IncFortify (Open Text)Cisco Systems, IncHCL Technologies LimitedIBM CorporationF5, IncOracleGitLab B.V.PradeoSynopsys, Inc.Buy Customized Report: https://reports.valuates.com/request/customisation/ALLI-Manu-0V91/Mobile_Application_Security_Market
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–  Mobile Application Security Testing Tools Market
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–  The Mobile Application Security Platform market was valued at USD 3077.5 million in 2022 and is anticipated to reach USD 9207.8 million by 2029, witnessing a CAGR of 20.0% during the forecast period 2023-2029.
–  Mobile Application Security Testing Market
–  Mobile Application Development market size is projected to reach USD 25500 million by 2028, from USD 10430 million in 2021, at a CAGR of 13.2% during 2022-2028.
–  The global mobile security market size was valued at USD 19.83 Billion in 2019, and is projected to reach USD 122.89 Billion by 2027, growing at a CAGR of 25.8% from 2020 to 2027.
–  Mobile Application Management Market
–  The Mobile Antivirus Software market is projected to grow from USD 115.9 million in 2023 to USD 127.4 million by 2029, at a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period.
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–  Mobile Application and Testing Solutions Market
–  Application Security Testing (AST) Tools market was valued at USD 3598.8 million in 2022 and is anticipated to reach USD 8632.9 million by 2029, witnessing a CAGR of 15.7% during the forecast period 2023-2029.
–  Application Container Market
–  The mobile application market size was valued at USD 106.27 Billion in 2018 and projected to reach USD 407.31 Billion by 2026, growing at a CAGR of 18.4% from 2019 to 2026.
–  The global mobile device management market size was valued at USD 8.49 billion in 2020 and is projected to reach USD 98.71 billion by 2030 growing at a CAGR of 27.8% from 2021 to 2030.
–  The global Mobile Learning market size is projected to reach USD 76520 million by 2028, from USD 20020 million in 2021, at a CAGR of 20.6% during 2022-2028.
–  Mobile Ticketing System Market
–  The global mobile mapping market was valued at USD 24.2 billion in 2021, and is projected to reach USD 127.3 billion by 2031, growing at a CAGR of 18.2% from 2022 to 2031.
–  The global mobile banking market was valued at USD 715.3 million in 2018 and is expected to reach USD 1,824.7 million by 2026, registering a CAGR of 12.2% from 2019 to 2026.
–  The global mobile phone accessories market size was valued at USD 224.69 Billion in 2018, and is projected to reach USD 284.06 Billion by 2026, growing at a CAGR of 3.1% from 2019 to 2026.
–  Application Modernization Services market is projected to reach USD 50440 Million by 2028 from an estimated USD 21690 Million in 2022, at a CAGR of 15.1% during 2023 and 2028.
–  Mobile Energy Storage System Market
–  PoS Mobile Card Reader Market
–  The global mobile battery market size was valued at USD 21.2 billion in 2020 and is expected to reach USD 38.6 billion by 2030 registering a CAGR of 6.3% from 2021 to 2030.
–  Mobile Health and Fitness Sensor Market
–  Professional Service Mobile Robots Market
–  The Hydraulic Equipment for Mobile Applications market is projected to grow from USD 21320 million in 2023 to USD 26970 million by 2029, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.
–  High-Density Mobile Shelving Storage System Market
–  Infrastructure Mobile Substation Market
–  Mobile Content Management (MCM) Software market is projected to grow from USD 8677.9 million in 2023 to USD 26080 million by 2029, at a Compound Annual Growth Rate (CAGR) of 20.1% during the forecast period.
–  The Mobile Wallet market is projected to grow from USD 72290 million in 2023 to USD 142700 million by 2029, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period.
–  3D Mobile Mapping Market
–  The Autonomous Mobile Robots (AMR) market was valued at USD 1494.5 million in 2022 and is anticipated to reach USD 7938.4 million by 2029, witnessing a CAGR of 25.9% during the forecast period 2023-2029.
–  Static Application Security Testing Software Market
–  Application Security Testing Software Market
–  Dynamic Application Security Testing (DAST) Market
Click here to see related reports on Mobile Application Security Market
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Zetrix and Beitou Launch Digital ID & Driver’s Licence Services on Blockchain

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Service is the first global W3C-compliant Verifiable Credential implementation and will be initially used by China domestic users travelling abroad
KUALA LUMPUR, Malaysia, Dec. 10, 2023 /PRNewswire/ — Zetrix, a layer 1 public blockchain platform, today announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification. This innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organisations, and governments interact in the digital realm.

The launch marks the commercialisation of the collaboration announced on 18th September 2023 between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group listed as one of China’s Top 500 enterprises.
The launch was held on 9th December 2023 at Ritz-Carlton Hotel Kuala Lumpur and officiated by Malaysia’s Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier wishing to verify the relevant identity or driving licence data according to their needs.
Beitou IT’s integration to China’s nationwide police and transport department databases ensures seamless authentication and digitisation of the documents into VCs.
Furthermore, in view of the immutability of blockchain, verifiers will have the assurance of knowing that the VCs and all data contained in the document are true and genuine.
It is foreseen that besides IDs and driving licences, other important credential documents held by individuals or businesses would also be digitised as VCs in the near future. 
Enhancing Security and Combating Breach of Data
The use of digital credentials, with the initial pilot of driving licences based on blockchain technology will significantly enhance security and combat counterfeiting of electronic licences. By leveraging on the Self Sovereign Identity (“SSI”) framework, Zetrix’s Digital Credentials platform enables the real time verification of documents digitised as Verifiable Credentials, providing a robust defence against fraud and forgery.
“In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks,” explained TS Wong, founder of Zetrix.
Lai Shuiping, Chairman of the Board of Guangxi Beitou IT Innovation Investment Group Co.,Ltd, Lai Shuiping, said: “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
“In future, Beitou IT will further strengthen cooperation with Malaysian enterprises in the field of transportation digitalisation, and promote continuous improvement of intelligent transportation in ASEAN countries,” Lai added.
Multi-Chain e-Wallet for International Travelers
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that is able to store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
The digital credentials service exemplifies the World Wide Web Consortium (W3C) standards of Verifiable Credentials and Decentralised Identifiers as Self-Sovereign Identity. This will be a key catalyst to enable a greater interoperability across blockchains and decentralised applications.
About Zetrix
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Guangxi Beitou IT Innovation Technology Investment Group Co Ltd 
Guangxi Beitou IT Innovation Investment Group Co. (Beitou IT) stands as a wholly owned subsidiary of Beibu Gulf Investment Group (Beitou Group), boasting total assets exceeding 300 billion RMB. Established in October 2020 with a registered capital of 1 billion RMB, Beitou IT has emerged as the foremost digital company in Southwest China. Beitou IT strategically concentrates on four primary business domains: ITAI project implementation and operation, IT product R&D, integration and sales, and the development of New Infrastructure. Over the past three years, Beitou IT has successfully undertaken numerous government and enterprise-level projects encompassing digital government, digital transportation, digital port, smart court, and enterprise digitalization.
With a workforce exceeding 400 employees, Beitou IT houses a team of hardware and software engineers, where over 50% hold master’s degrees from esteemed universities. The team includes 2 State Council-subsidized experts, numerous district industrial authorized experts, and a Fin-Tech expert from the ‘Hong Kong, Macao, and Taiwan Talent Project.’ This robust talent pool positions Beitou IT as one of the rare state-owned digital companies capable of independent R&D.
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Sustainability Empowerment, Brand Upgrade VIVOTEK among Taiwan’s Best Global Brands

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TAIPEI, Dec. 10, 2023 /PRNewswire/ — VIVOTEK (3454TW), the global leading IP surveillance solution provider, has been selected to the Best Taiwan Global Brands, and consistently earned market recognition. The three development engines of operational excellence, comprehensive brand management, and active promotion of sustainable actions, have elevated the brand above competition to display outstanding brand value.

Best Taiwan Global Brands is organized by the Industrial Development Bureau, MOEA, and valuation is carried out by Interbrand, a global authority on brand valuation; this year, ESG was also included as key standards of valuation. In 2022, VIVOTEK set a record high in revenue with annual consolidated revenue reaching USD $332 million, achieving a growth rate of 82% compared to the same period in 2021. In addition to displaying operational strengths, VIVOTEK also advocated several sustainable actions, while also encouraging its employees to practice environmental protection both at work and in daily life, further earning the approval of the organizer.
“Being selected to Taiwan’s Best Global Brands is a recognition of the company’s strengths,” pointed out Allen Hsieh, VIVOTEK Spokesperson and Director of Global Marketing Division. “Brand power is not just manifested through the technical aspect of products, but also through the CSR aspect. By embedding ESG into our brand’s DNA, we not only adopt sustainable thinking, but also create a differentiated brand image. In the future, VIVOTEK will continue to empower our brand through ESG, while also constantly promoting smart and green innovations of security and protection technology, steering the brand towards greater value of sustainable development.”
Evolution of the brand is the firm starting point of VIVOTEK’s brand management. Through redefining identity and slogan, “We Get The Picture,” VIVOTEK breaks the limitations of the industry to redefine its brand value, establishing its unique status within the security and protection industry. By grasping the opportunity of technical innovation, VIVOTEK combines its hardware advantage and software capability to expand its deployment of security and protection solutions, becoming a leading solution provider, while also actively exploring the market of AI security and protection, such as: successfully launching innovative VORTEX smart cloud surveillance service that focuses on customer needs and accumulating many successful cases around the world. Recently, VIVOTEK was ranked number 12 among a&s Security 50, reaching the highest spot ever, and this is the very manifestation of the brand’s continued improvement of brand competitiveness.
VIVOTEK is a leading surveillance brand that strives for sustainability and began deploying ESG strategy many years ago. Key measures include voluntary publication of sustainability report for six consecutive years, participation in the RE100 global corporate renewable energy initiative, and promotion of renewable energy applications. More recently, VIVOTEK has incorporated the principle of sustainability into its product box design, reutilizing packaging of its products to create eco-friendly smartphone holders. This marks the first time the brand’s innovative sustainability principle has been extended through its products. VIVOTEK also plans to launch a product carbon footprint project in 2024 to facilitate formulation of comprehensive carbon reduction strategy, further strengthening brand development and upgrading sustainable operations.
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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research

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BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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