Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.62 Billion | USD 56.82 Billion | 20.9% | 2024 |
The global mobile security market size was worth around USD 8.62 Billion in 2024 and is predicted to grow to around USD 56.82 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 20.9% between 2025 and 2034. The report analyzes the global mobile security market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the mobile security industry.
The rising use of mobile devices like cellphones, laptops, and portable Universal Serial Bus (USB) memory sticks are raising network security concerns. This, along with the growing popularity of the Internet of Things (IoT) and the emerging Bring Your Own Device (BYOD) trend, is one of the primary causes driving up demand for mobile security solutions to limit access to important company data. In addition, mobile security also outperforming existing network security solutions in terms of remotely managing users and their devices and combating the growing threat of cyberattacks and data breaches. Moreover, mobile security is gaining preference with other network security solutions to manage users and their devices remotely and combat the growing threat of cyberattacks and data breaches. Aside from that, the growing popularity of smart electronic gadgets like netbooks and wearables is boosting the market growth.
Furthermore, some firms are employing different biometric authentication methods in mobile devices, which is expected to accelerate market expansion, owing to the increased adoption of cloud computing and growing worries about the surface transmission of the coronavirus illness.
Mobile devices have become an integral part of everyday life. Powerful computing capabilities and increased connectivity are enabled by smart devices like smartphones and tablets to enable productive workforce. As a result of which cybercriminals target potential users with valuable and personal data on mobile devices. Mobile devices have created a great deal of concern for IT personnel who are responsible for information security. Corporate or personal information can be easily transported or lost and the advancement in technology has increased the number of security breaches. The increase in demand for mobile security is now seeing the emergence of security specialists who offer security solutions for PC as well as mobile.
The market is expected to be driven by rising demand for Bring Your Own Device (BYOD).
Demand for Bring Your Own Device (BYOD) is on the rise (BYOD) Enterprises are offering to bring your own device (BYOD) services to promote corporate mobility, which is expected to drive the market. Employees can bring their own mobile devices to work, such as laptops, smartphones, and tablets, under the BYOD policy. In addition, BYOD provides secure network connectivity for mobile devices. The key motivators for BYOD adoption are increased productivity and employee satisfaction. Unauthorized data access, data leakage/loss, and malware assaults, among other difficulties, are important concerns for businesses implementing BYOD. As a result of the increased demand for better and enhanced data privacy and security, as well as network security, mobile device security solutions are projected to gain traction. Moreover, businesses are focusing on the privacy and security of mobile devices as well as network infrastructure, which will fuel the growth of the mobile security market.
Growth is hampered by a lack of awareness regarding cyber security and vulnerability.
Hundreds of millions of smartphone users use their phones or tablets to access a wide range of applications. Many users are ignorant of the source from which they download software, as well as the privacy regulations that apply to them. Many people use computers or mobile phones to access untrustworthy websites and download unsafe apps, making these devices more exposed to cyberattacks. The market's growth is being stifled by a lack of understanding regarding mobile device dangers and security solutions.
Increasing need for mobile security has driven the development and implementation of solutions in protecting digital content. The digital content present in the mobile devices includes music, films, and e-books which are downloaded by the users. Such applications not only require a high level of security in protection against unauthorized access but also require a high level of functionality to deliver quality features expected by the end users. Content security solution providers are working with content copyright holders, technology providers and device manufacturers for better understanding the level of security needed. Advancement in technology solutions to protect DRM, trusted playback, user authentication and trusted link protection is probably to increase the adoption of the solution in the forecast period.
The global mobile security market is segmented based on Offerings, End-Use, Organization, Industry Vertical, and region.
By Offerings, the market is classified into Solutions and Services. Due to the increase in malware, trojans, and phishing assaults on mobile devices, the solutions sector had the largest market share over the predicted period. Individuals are also being influenced to embrace mobile security solutions by an increase in demand for mobile organization size security and device security to limit risks from third-party apps and data breaches. Over the projected period, the services segment is expected to be the fastest-growing. The need for an efficient remediation solution for data breaches, theft, and cyberattacks in personal mobility devices tied to organizational workspaces has prompted SMEs and major corporations to hire consultancy and maintenance services.
By End-Use, the market is classified into Individuals and Enterprises. With the largest market share in the forecast period, the Enterprises sector dominated the market and is expected to continue to do so throughout the projected period. The rise of BYOD and workplace mobility is encouraging businesses of all sizes to implement unified endpoint mobile security solutions to assist them to limit data threat exposure. Furthermore, the need to relieve IT administrators of the effort of administering organizational frameworks for portable data storage and data sharing has prompted enterprises to implement both cloud-based and traditional mobile security solutions.
By Organization, the market is classified into SMEs and Large Enterprises. In the forecast period, the large enterprise sector will have the largest market share. The threat of cyberattacks grows as cloud-based installations and digital services become more common in major companies. With the advent of mobile threats and phishing assaults, large businesses are investing in mobile security solutions to strengthen their defenses against attacks and thefts.
In terms of Industry Vertical, the global mobile security market is categorized into BFSI, Telecom & IT, Retail, Healthcare, Government & Defense, Manufacturing, and Others.
Report Attributes | Report Details |
---|---|
Report Name | Mobile Security Market |
Market Size in 2024 | USD 8.62 Billion |
Market Forecast in 2034 | USD 56.82 Billion |
Growth Rate | CAGR of 20.9% |
Number of Pages | 183 |
Key Companies Covered | Microsoft, IBM, VMware Inc., BlackBerry Limited, Trend Micro, Check Point Software Technologies Ltd., Lookout Inc., Mobileiron, CrowdStrike, McAfee, LLC, Sophos Ltd., Quick Heal Technologies Limited, and others. |
Segments Covered | By Offerings, By End-Use, By Organization, By Industry Vertical, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In the forecast period, North America dominated the global market. The region is predicted to develop considerably throughout the forecast period due to a rise in company expenditure on information security solutions. The regional market is being driven by the growing usage of mobility devices in various sectors such as government and defense, as well as retail. The United States accounted for the greatest revenue share in North America and is predicted to maintain this position throughout the forecast period. The presence of a large number of mobile security solution manufacturers and rising technology usage are two factors driving the global mobile security market in this area.
Asia Pacific is predicted to increase at the quickest rate throughout the projection period. Growing smartphone users, advancements in mobile device technology, and sophisticated network connectivity in the region are all elements that will contribute to an increase in mobile security threats. Furthermore, government digitization ambitions and the rapid growth of digital transaction apps are leading to an increase in malware and phishing attacks on mobile devices. As a result, people and businesses are phasing in their attempts to implement security solutions for their mobile devices.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the mobile security market on a global and regional basis.
The global mobile security market is dominated by players like:
By Offerings
By End-Use
By Organization
By Industry Vertical
FrequentlyAsked Questions
The rising use of mobile devices like cellphones, laptops, and portable Universal Serial Bus (USB) memory sticks are raising network security concerns.
The global mobile security market is expected to grow due to rising cyber threats, increasing smartphone adoption, and growing demand for mobile data protection.
According to a study, the global mobile security market size was worth around USD 8.62 Billion in 2024 and is expected to reach USD 56.82 Billion by 2034.
The global mobile security market is expected to grow at a CAGR of 20.9% during the forecast period.
North America is expected to dominate the mobile security market over the forecast period.
Leading players in the global mobile security market include Microsoft, IBM, VMware Inc., BlackBerry Limited, Trend Micro, Check Point Software Technologies Ltd., Lookout Inc., Mobileiron, CrowdStrike, McAfee, LLC, Sophos Ltd., Quick Heal Technologies Limited, among others.
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