Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global worldwide mobile security
market is estimated to grow from USD 10.50 billion in 2017 to USD 48.85 billion by 2023 at a CAGR of
29.55% during the review period.
The Global Mobile Security Market to Value USD 48.85 Bn by 2023
The essential factor booming the global mobile security market 2020 is the increasing concern of
protecting data on enterprise mobile devices. The rise in the usage of mobile phones for banking and e-
commerce has made it crucial for the deployment of security software in mobile devices. The need to
adhere to security parameters and to increase the adoption of two-factor authentication are some other
crucial factors bringing an impact on the growth of the market. The rising adoption of cloud-based
technology is likely to propel the market during the review period. The increasing penetration of
smartphones has motivated may regional, global, and local companies to develop mobile security
software. The growing trend of Bring Your Own Device (BYOD) has propelled the market exponentially.
However, increasing cyber-attacks is the biggest hurdle faced by the developers of security solutions.
Moreover, pirated and free mobile security can be procured easily, which hampers the growth of the
market.
Market Segmentation
The mobile security market is classified on the basis of end-user, operating system, solution,
deployment, and region.
On the basis of end-user, the market is segregated into retail, individual users, and financial institutions.
On the operating system, the market is segregated into windows, iOS, android, blackberry, and others.
On the basis of the solution, the market is segregated into the firewall, multi-factor authentication,
mobile data protection, data encryption, and mobile application management.
On the basis of deployment, the market is segregated into on-premises and cloud.
On the basis of region, the market is segregated into Europe, America, Asia-Pacific, and the Rest of the
World (RoW).
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1192
Regional Analysis
The geographical analysis of Europe, America, Asia-Pacific, and the Rest of the World (ROW) has been
performed. North America is reigning the global worldwide mobile security market. The North American
market acquires the maximum market share. The second position is attained by Europe since the
developed countries like Germany, U.S, France, UK, and Canada are the quick adopters of innovative
technologies. Moreover, the European region consists of significant, established mobile security
software vendors and service providers. The Asia Pacific region is anticipated to be the fastest expanding
region due to the establishment of consumer electronics manufacturers and I.T. hubs. Moreover, the
increasing adoption of mobile security software by SMEs and enterprises in the APAC region is an
additional essential factor in expanding the market. The MEA and Latin American markets are
anticipated to exhibit significant growth during the review period.
Access Report Details @ https://www.marketresearchfuture.com/reports/mobile-security-market-1192
Key Players
The forefront players of the global worldwide mobile security market are Honeywell International Inc.
(U.S.), IBM Corporation (U.S.), ABB Ltd (Switzerland), Schneider Electric (France), Cisco Systems, Dell In,
Rockwell Automation (U.S.), Bayshore Networks (U.S.), Symantec Corporation (U.S.), Kaspersky Labs
(Russia), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google Inc. (U.S.), AVG Technologies
(Netherlands), Kaspersky Lab (Russia), Intel security group (U.S.), Apple Inc. (U.S.), Verizon
Communication Inc. (U.S.), AT&T Inc. (U.S.), and a few more.
Industry News
Apple iPads and iPhones are vulnerable to hacking through the mail app because of a flaw in its email
software. As per the study, two vulnerabilities were found in the mail app, which would have allowed
the hackers to steal data for years. The issue came into notice while a cyber-attack was being
investigated.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
