Mobile Data Protection Market Expected to Grow Significantly Over 2019 – 2025 | Cisco Systems, Inc., Dell, Inc., Hewlett Packard Enterprises, Intel Corporation, Microsoft Corporation
BFSI, government and public sector, healthcare, and defense will continue to remain some of the key end-use applications of mobile data protection industry. Digitization of the BFSI sector would be one of the major factors creating massive demand for MDP services in the future. When it comes to cybercrime, due to the involvement of monetary assets BFSI is one of the most susceptible sectors. Therefore, increasing need to secure customer data from fraudulent activities and data breaches will impel mobile data protection market share in the forthcoming years.
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The growing indispensable need for compliance with standards and rising security concerns related to data loss are driving mobile data protection market growth. The enterprises are rapidly deploying MDP solutions to safeguard their data from threats, attacks, and losses. MDP solution plays a key role in securing data, which forms the most valuable assets for organizations and in safeguarding the privacy of its employees and content. Additionally, it provides advanced endpoint data & device protection, prevents unauthorized access, and protects hardware devices from malware. It also offers enhanced encryption techniques within the system. The growing demand for web security, intrusion prevention, anti-virus solutions, advanced firewalls, and anti-spam techniques among enterprises is proliferating the mobile data protection market.
The presence of dynamic business environments coupled with the increasing adoption of several technological advancements, such as cloud and social media, has further increased the amount of data generation among organizations. Additionally, with the rising adoption of mobile devices among enterprises, data is being accessed & transferred on these mobile devices, resulting in the vulnerable loss of sensitive data; hence, MDP solutions play a key role in data security among enterprises for securing organizational data.
Growth will predominantly come from Europe Mobile Data Protection Market, on account of the surging instances of cyberattacks in the region, increasing commercialization, along with surging internet connectivity. Moreover, burgeoning online shopping trend has boosted mobile payments, which in turn, has considerably amplified cases of data breaching, thus driving regional mobile data protection market.
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Some of the other major players operating in the mobile data protection market are Check Point Software Technologies Ltd., Cisco Systems, Inc., Dell, Inc., Hewlett Packard Enterprises, Intel Corporation, Microsoft Corporation, Sophos Group plc, Symantec Corporation, and Trend Micro, Inc.
Mobile Data Protection (MDP) Market, By Component, 2014-2025 (USD Million)
o Mobile Data Protection (MDP)
o Data Loss Prevention (DLP)
o Mobile Device Management (MDM)
o Training & Support
o Managed Services
Mobile Data Protection (MDP) Market, By Enterprise Size, 2014-2025 (USD Million)
• Small and Medium Enterprises (SMEs)
• Large Enterprises
MDP Market, By Deployment Model, 2014-2025 (USD Million)
By End-Use, 2014-2025 (USD Million)
• Aerospace & Defense
• Energy & Utilities
• Government & Public Sector
• Travel & Hospitality
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