Global Mobile Security Market Expected to Achieve 21% CAGR by 2029: Growth Forecast Insights

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What Is the Expected CAGR for the Mobile Security Market Through 2025?
The scale of the mobile security market has seen incredible expansion in the recent past. Its expansion trajectory indicates a growth from $8.1 billion in 2024 to $9.78 billion in 2025, boasting an impressive compound annual growth rate (CAGR) of 20.7%. The substantial growth observed in the past can be traced back to increased mobile device use, an expanding threat landscape, stricter regulations, growing IT complexities, and a surge in tablets and other portable devices.

What's the Projected Size of the Global Mobile Security Market by 2029?
In the foroming years, a substantial expansion is anticipated in the size of the mobile security market, with predictions suggesting it will swell to $20.93 billion by 2029, boasting a compound annual growth rate (CAGR) of 21.0%. This upward trajectory during the forecast period is largely due to a few key factors such as an increase in mobile use, technological advancements, and a rising demand for secure mobile payment technologies and solutions. The forecast period also sees potential trends including a surge in mobile malware, the enlargement of mobile threat defense (MTD) solutions, and a heightened focus on privacy and compliance.

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Top Growth Drivers in the Mobile Security Industry: What's Accelerating the Market?
The advancement in cyber threats are anticipated to boost the expansion of the mobile security market in the near future. A cyber threat constitutes a harmful action intended to damage, steal, or disrupt digital data, encompassing a broad array of attacks such as data breaches, computer viruses, denial of service, and countless other possible threats. Mobile security measures are capable of identifying and eliminating malware, encompassing viruses, spyware, and ransomware, which have the potential to endanger sensitive information and hinder the device's functionality. For example, the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, a federal agency based in Australia, stated that in November 2023, ReportCyber received almost 94,000 cybercrime reports during the 2022-23 fiscal year, representing a 23% rise from the preceding year. This equates to one report approximately every six minutes. Hence, the complexity of cyber threats is fuelling the expansion of the mobile security market.

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What Trends Will Shape the Mobile Security Market Through 2029 and Beyond?
Key players in the mobile security market are focusing on creating innovative solutions, such as mobile security platforms, to establish a strong presence in the industry. Mobile security platforms are comprehensive tools and services intended to guard mobile devices, like smartphones, tablets, and laptops, against cyber threats. A case in point is Zimperium Inc., a mobile security firm from the US that in April 2023 unveiled the Mobile-First Security platform aimed at threat detection, visibility, and response for apps and endpoints. This unified platform integrates features from mobile threat defense (MTD) and mobile app security (MAPS), offering centralized control and accessibility to device and app security through a single interface whether in any cloud or on-site. Its purpose is to safeguard mobile devices and applications from emerging threats and vulnerabilities, a crucial factor in mobile security. It encompasses sophisticated in-app protection to deter reverse engineering, secure cryptographic keys, and develop self-guarding apps.

What Are the Main Segments in the Mobile Security Market?
The mobile securitymarket covered in this report is segmented -

1) By Component: Identity And Access Management, Data Security And Encryption, Cloud Security, Network Security, Endpoint Security, Web Security, Application Security
2) By Service: Professional Services, Managed Services
3) By Operating System: iPhone Operating System (iOS) And Macintosh Operating System (MacOS), Android, Windows, Other Operating Systems
4) By End-Use: Banking, Financial Services And Insurance (BFSI), Retail, Information Technology (IT) And Telecommunication (Telecom), Healare, Manufacturing, Government And Defense, Other End-Uses

Subsegments:
1) By Identity And Access Management (IAM): Authentication Solutions, Single Sign-On (SSO), Multi-Factor Authentication (MFA), Identity Governance And Administration
2) By Data Security And Encryption: Data Loss Prevention (DLP), Mobile Data Encryption, Secure Data Storage, Mobile Backup And Recovery
3) By Cloud Security: Cloud Access Security Brokers (CASB), Cloud Data Protection, Cloud Security Posture Management (CSPM), Cloud Encryption And Key Management
4) By Network Security: Mobile VPN (Virtual Private Network), Secure Wi-Fi Connectivity, Mobile Threat Defense (MTD), Intrusion Detection And Prevention Systems (IDPS)
5) By Endpoint Security: Mobile Device Management (MDM), Mobile Application Management (MAM), Anti-malware And Anti-virus Solutions, Device Tracking And Remote Wipe
6) By Web Security: Secure Web Gateways (SWG), Mobile Web Application Firewalls, URL Filtering And Web Filtering, Mobile Phishing Protection
7) By Application Security: Mobile App Security Testing, Secure Software Development Lifecycle (SDLC), App Hardening And Code Protection, Runtime Application Self-Protection (RASP)

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Which Top Companies are Driving Growth in the Mobile Security Market?
Major companies operating in the mobile security market are Apple Inc., Samsung Electronics Co Ltd., Microsoft Corporation, Intel Corporation, International Business Machines Corporation, MobileIron Inc., Oracle Coorperation, VMware LLC, Gen Digital Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., BlackBerry Limited, Avast Software s.r.o, AirPatrol Corporation, Kaspersky Lab Inc., Sophos Ltd., Coro Cybersecurity, AVG Technologies, Better Mobile Security Inc., ESET s.r.o.

Which Regions Will Dominate the Mobile Security Market Through 2029?
North America was the largest region in the mobile security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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