Mobile Data Protection Market Emerging Trends, Global Scope and Technology Advancements 2021 to 2026

MarketInsightsReports has published a report entitled Global Mobile Data Protection Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Mobile Data Protection market was valued at USD 1.94 billion in 2020 and is expected to reach USD 8.93 billion by 2026, at a CAGR of 29% over the forecast period 2021 - 2026.

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Key Players:

Dell Inc., Microsoft Corporation, Hewlett Packard Enterprise Development LP, Broadcom Inc. (Symantec Corporation), Trend Micro Incorporated, McAfee LLC, Check Point Software Technologies Ltd., Cisco Systems, Inc., Thales Group (Gemalto N.V.), CipherCloud, Inc and others.

Key Market Trends

Increasing Adoption of Mobile Payment Solutions will Drive the Mobile Data Protection Market

- An increase in the number of mobile payments has led to mobile data breaching cases increasing significantly, hence acting as a significant factor for driving the mobile data protection market. The growth of mobile payments is the highest among other payment methods. This growth has also increased mobile data. In 2017, the mobile data traffic reached 11 Exabytes a month, climbing rapidly into the future.
- Moreover, with an increasing number of mobile wallets, like Apple pay, android pay, and Walmart pay, the market for mobile data protection is expected to develop further. It is estimated that nearly 2.1 billion consumers worldwide would use a mobile wallet to make a payment or send money by 2019, up by almost 30%, as compared to 2017. With the growing adoption of smartphones for payments, the demand for mobile data protection is expected to grow over the forecast period.
- Furthermore, the ever-increasing adoption of AR and contactless payments among smartphones is also expected to increase the demand for mobile data protection solutions further. For e.g. According to RBI, the Mobile banking services in India witnessed a growth of 92 percent and 13 percent in volume and value terms respectively, while the number of registered customers rose by 54 percent to 251 million at end of March 2018 from 163 million at end of March 2017-RBI.

North America Anticipated to Dominate the Mobile Data Protection Market

- North America market is expected to dominate the global mobile data protection market, owing to its early adoption of data security by companies in the United States, coupled with the presence of a large number of mobile data protection vendors in the region, which would help consolidate the majority of revenues in the mobile data protection market. Additionally, the adoption of cloud technologies, in this region is also very high.
- North America is also the most significant contributor to the global IT BFSI market, the primary market for mobile data protection. Moreover, stringent government regulations are resulting in companies working to provide security services. The region also has one of the highest adoptions of smartphones among industries, making it a prominent leader in the mobile data protection market.
- Furthermore, Increasing usage of IoT devices, such as BYOD, to access healthcare and banking services is a key trend for the North American market, which shows a great scope for mobile data protection market.
- Asia-Pacific will be the fastest growing market owing to the rapid penetration of smartphones and internet connectivity across geographies in Asia. Further countries like India have been developing policy regulations to encourage electronic transactions to bring down the overall cost of delivering last mile banking services.

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https://www.marketinsightsreports.com/reports/02082592422/mobile-data-protection-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=68

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Mobile Data Protection Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Mobile Data Protection Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Finally, the Mobile Data Protection Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.