Mobile Security Market

Mobile Security Market Size & Growth (2021 - 2026)

The global mobile security market size is expected to reach from USD 3.2 billion in 2019 to USD 7.1 billion by 2025 at a CAGR of 19.2% during the forecast period. The increasing abundant users of mobile phones around the entire world and a growing number of mobile competitors are responsible factors that are driving the demand for mobile security. However, with a free mobile security system, the growth of this market is restricted. 

Mobile security is a critical element for devices such as laptops, mobiles, tablets, and smartphones. Nowadays all people are using a digital payment system for their convenience to reduce effort and access immediate services. So, there is a need to provide proper security to the mobile phone. The innovative growth is using machine learning and AI in the application of mobile security. Mobile phones are necessary for everybody's life, and people want a good connection, privacy, and security. Market growth is increased as compared to 2018 because of people that are moving towards these products and services.

Recent developments:

Today, many companies develop their platform about security with the help of advanced technology, have their security app, at a lower cost to the consumer. The main reason behind this only cyber crooks, now it’s time to think about the powerful security app that will help foe digital communication channels. 

• Combating the growing impact of mobile malware:- There is 13% of businesses have experienced a malware incident on mobile devices. It comes from different sources spyware, adware programs, Viruses on android devices. We have seen Apple phones more significant targeted for hackers and androids more open, although apple is more secure than an android phone. Google and Apple expanded its app that is Google pay with excellent security. 
• A group of US launched a new non-profitable Maritime system for transportation and information sharing. The founder of Track my phones mentioned that will helps keep track location, and due to this app, the revenue increased 300% as compared to the previous one. Tonik has been chosen as a partner to V-key for mobile security. MSSP is benefited to the consumer due to their features like cost reduction, high-level protection information and opportunity to focus in core business.
• Microsoft team joined with Intel labs to make images out of malware sample that will use in detection code.
• In 2019 Broadcom, semiconductor provider along globally and software solution acquired security business of Symantec. 
• Trend micro launched Crowd strike falcon endpoint protection platform with a combination of the EPP. Fortinet acquired enSilo to enhance current security platform.

Market drivers:

The key driver for the global mobile security market is the growing demand for smart devices such as laptop, tablets and smartphone. Recently the demand for security is high, that will use to the higher pricing security software. With an increase in the consumer need, there is development in the potential market such as connectivity, security for privacy and transportation. In the future, security may look into applications in other smartphones devices like as smart watches. The mobile security market has major drivers with the rising trend of antivirus, email spam blocking, malware removal, and so on. Development technologies in mobile security software, as well as devices and continuity in research in this industry, are exploring the growth of this market. The market is driven by concerns for protecting corporate information and database and vulnerable to various threats. An increasing number of subscriptions around the world and using third-party applications are the drivers for growth.

Restraints in the market:

The wireless devices in the mobile security market like smartphone, tablets, PCs are associated with data loss, and solution deny unauthorized access, which may hamper the business development.

MOBILE SECURITY MARKET REPORT COVERAGE:

Mobile Security Market Market segmentation:

Mobile Security Market By Technology:

 the global market is separate into Endpoint protection (EPR), Endpoint detection and response (EDR) and cloud-based security. Both techniques are used to identify known and unknown threats of the mobile security market. Also, a cloud-based mobile security solution is foreseen to grow due to their features such as cost-effectiveness, scalability and active management.

Mobile Security Market By Solution:

The global mobile security market has been segmented on the basis of solution segment into mobile end-user management, authentication, and mobile data protection.

Mobile Security Market By Operating system:

The global mobile security market has been segmented on the basis of the operating system into iOS, Android, Windows, Blackberry and others.

Mobile Security Market End User:

The global mobile security market has been segmented on the basis of End-user segment into financial institutions, retail, government, telecom and it, education, manufacturing and automotive, aerospace and defence. Due to demand and users of the smartphone, the growth of this market is multiplying and is available in every corner for the consumer.  

Regional analysis:

The global mobile security market is analysed by region as; North America, Europe, Asia-Pacific and LAMEA, which are the significant areas for the growth of mobile security business. North America is anticipated to hold the highest share in this market while Asia–Pacific is expected to grow at the highest compound annual growth rate in the outlook period. North America and Europe are the most upper profitable regions in this market. The North American sector generated the largest revenue in 2018. The growth in the mobile security market is due to security vendors and primary services provider with innovative technologies developed in the US, Germany, France and the UK. Asia-Pacific region is determined as the highest growing region due to presence of IT industries such as Cognizant, Wipro, Accenture, Infosys and manufactures such as Sony and Samsung.

Latin America and the Middle East and Africa are also considered to record high growth rates in the forecast period. Thus, all the parameters are assumed growth for global mobile security market.

Leading Company:

Wandera is a leading player in the global mobile security market in 2019, where a majority of Microsoft customer benefits from wanderas multilevel protection for corporate applications and users. 

Key Players:

The key players in global mobile security market are Microsoft (US), Crowdstrike (US), Trend Micro (Japan), IBM (US), Blackberry (Canada), Samsung (South Korea), F-secure (Finland), Check Point (Israel), Symantec (US), Sophos (UK), Mobilelron (US), and VMware (US).