Press release
Mobile Security Market by Software (Mobile Identity Management, Mobile Data Protection, MDM, Mobile VPN), Service (Implementation, Training and Support, Consulting, and Managed Services), Deployment Type, Vertical, and Region-Global Forecast 2024
Mobile security is defined as the protection of smart phones, laptops, tablets, and networks from vulnerabilities and threats coming with wireless computing. The term mobile security is broad and covers everything from reducing risk and securing devices and its data in case of theft, shielding mobile devices from malware threats, to accidental loss or unauthorized access of the mobile device. Securing mobile devices has become very important in recent years owing to the fact that a number of devices and the uses to which they are put has expanded tremendously. The amount of sensitive information accessible by mobile devices has risen majorly in the past couple of years and there are no signs of it reducing. This data makes devices extremely valuable and a target for attackers. There are three main targets for threats: identity, information, and availability.
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Market Dynamics:
Many small and medium businesses adopt BYOD (Bring Your Own Device) into their business environment; therefore the demand for mobile security is on the rise. Some of the major factors driving the mobile security market include mobile payments, protection of DRM (Digital Right Management), protection of VPN (Virtual Private Network), BYOD and need for superior level of security to perform financial transactions. On the other hand, some of the restraining factors associated with mobile security include high cost associated with the threat of hackers breaching the security channels, integrating solutions, accessing critical data, lack of awareness among consumers in certain regions, and complexity of embedded device security.
Market Classification and Overview:
The Global Mobile Security Market can be broadly segmented on the basis of solution, type, OS, end-user and regions. Further, by solution, market is segmented into mobile identity management, mobile data protection, mobile device management (MDM), mobile virtual private network and mobile application management (MAM). The MAM segment is estimated to capture largest share in the global mobile security market owing to the number of applications developed by developers.
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On the basis of security type the market can be broadly segmented into software and services. The different operating systems in the mobile security market include Android, iOS, Blackberry, Microsoft, and others. Android is the largest OS segment in the mobile device market with thousands of devices activated per day. The major end user/vertical driving mobile security market are individual users, enterprise users, financial institutions, retail, government, telecommunication & IT, healthcare, education, travel and hospitality, manufacturing and automotive, aerospace & defense and others. By region, the market is segmented in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA). Presently, the demand for mobile security is apparent in all the regions with North America leading the market, followed by Europe and Asia-Pacific. The latter is expected to witness robust growth in the coming period due to growing IT and consumer electronics industry.
Market Participants:
The global mobile security market is analyzed to witness high competition among the players as the market is still in its promising stage. The manufacturers are making huge investments in R&D to meet the growing requirement of advanced mobile security solutions. The demand in emerging economies is especially high because they have large numbers of customers demanding mobile security solutions. Companies in the market primarily compete on the compatibility issues in order to retain the market share. Leading companies in the market are AVG, Kaspersky Lab, McAfee and Symantec. Other prominent vendors in the mobile security market include Apple, AegisLab, Avast, BullGuard, Bitdefender, CA Technologies, Fortinet, Cisco, F-Secure, Quick Heal, Juniper Networks, Sophos, and Trend Micro.
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Market Segmentation
Market by Solution
Mobile identity management
Mobile data protection
Mobile device management (MDM)
Mobile virtual private network
Mobile application management (MAM)
Market by Type
Software
Services
Market by OS
Android
iOS
Blackberry
Microsoft
Others
Market by End User
Individual users
Enterprise users
Financial institutions
Retail
Government
Telecommunication & IT
Healthcare
Education
Travel and hospitality
Manufacturing and automotive
Aerospace & defense
Others
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Frank Wilson
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Email: frank@acumenresearchandconsulting.com
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Website: https://www.acumenresearchandconsulting.com
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