The Mobile Security market is anticipated to grow with a CAGR of 19.2% over the forecast period of 2019-2028. Mobile security is that the protection of smartphones, tablets, laptops, and other portable computing devices, and therefore the networks they hook up with, from threats and vulnerabilities related to wireless computing. Mobile security is a wireless security. It also refers to the methods by which a mobile device can authenticate users and protect as well as restrict access to data stored on the device through the utilization of passwords, personal identification numbers, pattern screen locks or more advanced sorts of authentication like fingerprint readers, eye scanners and other forms of biometric readers. Mobile security solutions and apps are available from a good array of vendors for all of the favored mobile operating systems, including iOS for iPhones and iPads, Google’s Android platform, and Microsoft’s Windows Phone. The rising number of mobile devices, increasing mobile attacks and breeches and growing costs associated with mobile attacks is expected to drive the market widely in the future.
Top Driver: Increasing Awareness About Mobiles Attacks to Propel the Market
The rising awareness about cyber crimes and mobile attacks is expected to drive the market extensively in the future. The use of smartphones, laptops and tablets is increasing with introduction of growing technological advancements. Hence, smart devices have introduced almost ll the functions online starting from banks managemet to online shopping. Various mobile applications used in the mobile phones are associated with online payments that demand strict security. The increasing demand of security from BOYD at workplaces is expected to fuel the market growth in the forecast period. However, the mobile security services demand high costs and are comples in design which may be some factors that hamper the market growth.
Authentication Segment Occupied a Larger Share in the Market
Based on the enterprise solution the market is segmented into Authentication, Mobile Application Security, Mobile Data Protection, and Others. The authentication segment accounted for a larger market share owing to the rising cyber crimes and mobile attacks across the globe. The mobile data protection segment was found to be the fastest growing segment due to increasing amount of data gathered on the cloud services. On the basis of Enterprise Vertical the market is segmented into Banking, Financial Services, and Insurance, Telecommunications and IT, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense and Others. Based on operating system the market was segmented into iOS, Android, Others.
North America was Found to be Dominating the Market
North America held the largest share in the market owing to the rising technological advancements in the region. Moreover, the rising initiatives taken by the government for cyber security is expectes tu fuel the market widely in the region. Asia Pacific was found to be the fastest growing region due to increasing adoption of mobiles and rising mobile vendors in regions like India and China. The rising governmet budgests for cyber crime in regios like China, Japan and Sigapore is also propelling the market in APAC region.
Players to Focus on Research and Development is Expectd to Drive the Market
The global Mobile Security market is expected to grow with a significant CAGR due to presence of various companies including Apple Inc., BlackBerry Limited, Broadcom Inc, Citrix Systems, Inc., Google LLC, IBM Corporation, Mobileiron, Inc., Microsoft Corporation, Samsung Electronics Co. Ltd, and VMware, Inc., and others which are developing new products to drive the market growth.
Microsoft: In May 2019, Microsoft launched EndPoint Manager which is designed to manage a large number of mobile devices that are that are used by the employees of the companies.
Broadcom: In August 2019, Broadcom which global technology provider of semiconductor and infrastructure software solutions acquired Symantec. Symantec has an enterprise security portfolio which would combine with Broadcom’s Infrastructure software footprint.
Scope of the Report
By Enterprise Vertical
By Enterprise Solution
By Operating System
Key Reasons to Purchase this Report
Table of Content
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