Open OS Devices to Stimulate the Global Mobile Security Market at CAGR of 14.35% by 2028

Triton Market Research presents the Global Mobile Security Market segmented by Enterprise Solution Type (Mobile Data Protection, Authentication, Mobile Application Management, Others), Operating System (iOS, Android, Others), Organization Size (SMEs, Large Enterprises), Industrial Vertical (Healthcare, BFSI, Retail & E-commerce, Government & Defense, IT & Telecom, Others), End-user (Individual, Enterprises), and by Geography (Asia-Pacific, Middle East and Africa, Latin America, North America, Europe). It further discusses the Market Summary, Industry Outlook, Key Insights, Porter's Five Forces Analysis, Key Impact Analysis, Types of Attack on Mobile Security, Market Attractiveness Index, Vendor Scorecard, Key Market Strategies, Drivers, Restraints, Opportunities, Competitive Landscape, Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's report suggests that the global mobile security market is likely to observe growth in revenue by 14.35% of CAGR through the years 2021-2028.

Mobile security mainly includes the security of mobile devices from multiple threats, such as data theft, viruses, illegal access, identity theft, and more. The mobile security solutions assist in blocking unsolicited calls and messages and remove applications that can cause a threat to the users' privacy.

Open OS provides a better understanding to the developer, enabling customization in features. Here, open OS devices are considered to be more transparent, having the ability to location bugs and vulnerabilities faster than a closed OS device. Hence, open OS is anticipated to offer multiple growth opportunities to the mobile security market in the near future. However, high costs of mobile security solutions, complexity in designing embedded security solutions, and lack of awareness, are major factors obstructing the global market's progress during the forecast period.

Asia-Pacific is anticipated to become the fastest-growing market for mobile security during the estimated period of 2021-2028. Among the countries, China is observing a surge in the adoption of mobile applications that facilitate e-mail and mobile banking. This has led to a rise in security concerns pertaining to mobile applications, influencing the demand for efficient mobile security solutions. Further, in Japan, the demand for mobile security solutions has gained substantial traction, owing to the increase in the number of businesses exposed to internal attacks. Therefore, as stated above, these factors are significantly driving the growth of the mobile security market across the APAC region.

The established companies thriving in the mobile security market comprise Trend Micro, Google LLC, VMware Inc, International Business Machines Corporation, Samsung Electronics Co Ltd, Broadcom Inc, McAfee, MobileIron Inc, Citrix Systems Inc, Apple Inc, Microsoft Corporation, BlackBerry Limited, Quick Heal Technologies, Kaspersky Lab, and Panda Security.

The switching cost from one software solution to another is not very high, attracting several new players to enter the market. Here, the IoT technology permits market players to attain easy access to the local as well as the global market. Moreover, the financial requirement for offering security solutions is relatively less, which further encourages the entry of new players. Simultaneously, several companies are providing mobile devices and embedded security solutions, thereby enhancing the competition among the existing players. Further, many solution providers offer trials version of data protection and app management services, which further heightens the competition. Hence, the threat of new entrants is expected to be low, while the threat of competitive rivalry is likely to remain high.

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This release was published on openPR.