Mobile Data Protection Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033

"The Business Research Company recently released a comprehensive report on the Global Mobile Data Protection Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The mobile data protection market size has grown exponentially in recent years. It will grow from $5.67 billion in 2023 to $7.12 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to increasing mobile device usage, rising cybersecurity threats, stringent regulatory requirements, enterprise mobility trends, data loss prevention concerns.

The mobile data protection market size is expected to see exponential growth in the next few years. It will grow to $16.73 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to proliferation of mobile applications, IoT (Internet of things) integration, biometric authentication adoption, global remote work trends, comprehensive endpoint security. Major trends in the forecast period include endpoint security solutions, zero trust security models, mobile threat defense (MTD), containerization and mobile app security, cloud-based mobile security.

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Market Drivers and Trends:

The growing cases of cyber attacks are expected to propel the growth of the mobile data protection market going forward. A cyber-attack refers to an attempt to gain unauthorized access to a computer, or networks of computer data with the intent to steal, destroy, or manipulate data to cause damage. Mobile data protection prevents cyber attacks by offering trustworthy services, setting up authentication, and preventing unauthorized access to mobile data. Therefore, growing cases of cyber attacks are driving the growth of the intelligent document processing market. For instance, in 2021, according to the data breach analysis of Identity Theft Resource Center (ITRC), a US-based non-profit organization that provides identity crime victim assistance and education, the data breaches in September 2021 were 1,291, a 17% increase in data breaches in comparison to breaches in 2020, which were 1,108. The growing cases of cyber attacks are driving the mobile data protection market.

Product innovations are the key trends gaining popularity in the mobile data protection market. Major companies operating in the mobile data protection market are focused on developing new solutions to sustain their position in the market. In November 2021, Data Theorem Inc., a US-based software company that provides solutions and services to prevent data breaches, launched the industry's first Active Protection suite. The suite includes observability and runtime defense and delivers security across modern application stacks, including API, mobile, cloud, modern web, and server less (Lambda) functions that start at the client layer (mobile and web), protect the network layer (REST and GraphQL APIs), and extend down through the underlying infrastructure (cloud services).

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Major Key Players of the Market:

Microsoft Corporation, Dell Inc., Intel Corporation, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Cisco Systems Inc., EMC Corporation, Thales Group, VMware Inc., Symantec Corporation, NortonLifeLock Inc., Check Point Software Technologies Ltd., McAfee LLC, Trend Micro Incorporated, Proofpoint Inc., Zscaler Inc., Citrix Systems Inc., Kaspersky Lab, BlackBerry Limited, Lookout Inc., Bitdefender, Netskope Inc., MobileIron Inc., Forcepoint LLC, Absolute Software Corporation, F-Secure Corporation, Digital Guardian, Sophos Ltd., Wandera, CipherCloud, Acronis International GmbH, WinMagic, ESET s.r.o., SecureAge Technology Pte Ltd.

Mobile Data Protection Market 2024 Key Insights:

• The mobile data protection market size is expected to see exponential growth in the next few years. It will grow to $16.73 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%.
• Increasing Cyber Attacks Propel Mobile Data Protection Market
• Mobile Data Protection Market Embraces Product Innovations
• North America was the largest region in the mobile data protection market in 2023

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