Global mobile security market expected to generate revenue of around USD 46.74 billion by end of 2023, growing at a CAGR of around 33.3% between 2017 and 2023. With the availability of advanced mobile devices, the number of applications and services available on these devices are also increasing.
The report covers forecast and analysis for the mobile security market on a global and regional level. The study provides historic data of 2017 along with a forecast from 2018 to 2023 based revenue (USD Billion). The study includes drivers and restraints for the mobile security market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the mobile security market on a global level.
In order to give the users of this report a comprehensive view on the mobile security market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein solution segment, type segment and end user segment is benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies according to region.
The study provides a decisive view on the mobile security market by segmenting the market based on solution, end user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2023. Based on type of solution the market is segmented into authentication, mobile end user management and mobile data protection. Based on operating system the market is segmented into iOS, android, windows, blackberry, others. Based on end user the market is segmented into individual users, financial institutions, retail, government, telecom and it, education, manufacturing and automotive, aerospace, defense and intelligence and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including the U.S., Rest of North America, U.K., Germany, France, Rest of Europe, China, Japan, India, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, Saudi Arabia, UAE, South Africa and Rest of Middle East and Africa. This segmentation includes demand for mobile security market based on individual solution type, and end users in all the regions and countries.
The report also includes detailed profiles of end players such as innoPath Software, Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Google Inc., Intel Corporation, Symantec Corporation, Kaspersky Lab, Apple Inc., VMware Inc., MobileIron and Others.
This report segments the global mobile security market as follows:
Global Mobile Security Market: Solution Segment Analysis
Global Mobile Security Market: Operating System Segment Analysis
Global Mobile Security Market: End User Segment Analysis
Global Mobile Security Market: Regional Segment Analysis
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.
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.
Based on solution type the market is segmented into authentication, mobile application management, and mobile data protection. Mobile application management trend is likely to increase as more applications are introduced in the market. On the basis of the operating system, the market is segmented into iOS, android, windows, blackberry, others. Android is becoming one of the most popular OS in the mobile device market with thousands of devices activated per day. Based on end user the market is segmented into individual users, financial institutions, retail, government, telecom and it, education, manufacturing and automotive, aerospace, defense and intelligence and others. Financial institutions such as banking sector dominated the market followed by telecom and IT industry.
Currently, the demand for Mobile Security is more evident in all the regions of North America leading the market. North America is followed by Europe and the Asia Pacific. Asia Pacific is expected to see robust growth in the coming years due to the growing IT industry such as Infosys, Accenture, Wipro and Cognizant in the region and consumer electronic manufacturers like Samsung and Sony.
Some of the key players in the mobile security market are innoPath Software, Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Google Inc., Intel Corporation, Symantec Corporation, Kaspersky Lab, Apple Inc., VMware Inc., MobileIron, and Others. Currently, the market’s growth rate is very high, which has encouraged the leading players to focus on consolidation through product licensing and new product development.
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