Mobile Security Market was worth USD 19,284.1 million in 2021 and is expected to reach USD 44,373.1 million by 2028, growing at a CAGR of 14.9 percent.
Mobile Security Market
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.
According to the Market Research report, the Mobile Security Market was worth about 19,284.1 (USD million) in 2021 and is predicted to grow to around 44,373.1 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 14.9 percent.
In the forecast period, North America dominated the global market. Due to an increase in spending on information security solutions by businesses, the area is expected to grow significantly over the projection period. 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.
Some of the main competitors dominating the 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.