Global Mobile Security Market Is Expected To Reach USD 29.41 Billion By 2027 At A CAGR Of 19.4 percent.
Maximize Market Research has published a report on the Global Mobile Security Market that provides a detailed analysis for the forecast period of 2021 to 2027.
Global Mobile Security Market Scope:
The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Global Mobile Security market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.
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Global Mobile Security Market Overview:
Global Mobile Security refers to the use of passwords, personal identification numbers (PINs), and pattern screen locks to safeguard sensitive data stored and transferred by mobile devices. Depending on the user’s needs, it provides email security, endpoint protection, a secure web gateway, a virtual private network (VPN), a cloud access security broker (CASB), and an enterprise mobile management (EMM) platform. It helps with backup data, regulatory requirements, application control, security policy enforcement, device update remote control, and automated device registration. As a result, businesses are increasingly depending on Global Mobile Security solutions to reduce risks, limit unwanted network access, and protect devices from malware threats and unintentional loss.
Global Mobile Security Market Dynamics:
The increase in demand for smartphones, tablets, and laptop computers is the key factor driving the growth of the global Global Mobile Security industry. Additionally, the growing use of high-speed internet and the Internet of Things (IoT) is boosting the global Global Mobile Security market ahead. Meanwhile, the rising adoption of bringing your device (BYOD) policies in various organizations and enterprises, as well as the increasing internet connectivity of such devices for communication and data transmit purposes, have made them vulnerable to cyber-attacks and data thefts, significantly increasing demand for Global Mobile Security globally. Besides that, rising mobile applications in the banking, financial services and insurance, healthcare, and telecommunications industries are expected to drive global market growth.
The main factor restricting the growth of the global Global Mobile Security market, however, is the high cost of Global Mobile Security solutions. Multi-factor authentication, such as biometric verification and two-step verification, is a current trend in the global Global Mobile Security market.
Global Mobile Security Market Regional Insights:
In 2019, North America held a 41.4 percent share of the global market. The area is expected to grow significantly during the forecast period due to an increase in business expenditure on information security solutions. In April 2019, for example, the United States Department of Homeland Security (DHS), in collaboration with other federal agencies such as the Cyber Security and Infrastructure Security Agency (CIST) and the Science and Technology Directorate (S&T), is developing new standards and Global Mobile Security R&D programs to address security gaps in mobile network communications. The United States accounted for the greatest revenue share in North America in 2019 and is expected to continue its supremacy throughout the forecast period. The regional market is being driven by the increasing usage of mobility devices in different sectors such as government and defense, as well as retail.
Over the forecast period, Asia Pacific is expected to grow at the fastest Pace. Growing smartphone usage, advancements in mobile device technology, and sophisticated network connection in the area are all important variables that predict an increase in Global Mobile Security concerns. Additionally, government digitization programs and the proliferation of digital transaction applications are resulting in malware and phishing assaults on mobile devices. As a result, people and businesses are pacing their efforts to embrace security solutions for portable devices.
Global Mobile Security Market Segmentation:
By Software:
• Mobile identity management
• Mobile data protection
• MDM
• Mobile VPN
• MAM
By Service:
• Implementation
• Training and support
• Consulting
• Managed service
By End User:
• Individual user
• Enterprise user
• Financial institutions
• Retail
• Government
• Telecommunications & IT
• Education
• Manufacturing & automotive
• Aerospace, defense, intelligence
By Operation System:
• IOS
• Blackberry
• Android
• Windows
Global Mobile Security Market Key Competitors:
• Apple Inc.
• Intel Security (McAfee)
• Symantec Corporation
• VMware, Inc.
• Microsoft Corporation
• F-Secure Corporation
• Citrix Systems, Inc.
• Trend Micro, Inc.
• AVG Technologies
• Sophos Ltd.
• Kaspersky Lab
• innoPath Software
• Googlem
• Nokia
• MobileIron
• Orange
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