Global Mobile Security Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Operating System(iOS, macOS), By Vertical(BFSI, IT & Telecom) - Industry Forecast 2024-2031

Report ID: SQMIG45E2065 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 96 | Figures: 76

Global Mobile Security Market Dynamics

Mobile Security Market Driver

To support corporate mobility, businesses are offering to bring your device (BYOD) services. BYOD refers to the ability of employees to bring their own mobile devices to work, such as laptops, smartphones, and tablets. Furthermore, BYOD provides mobile device connectivity via a secure network. The primary motivators for BYOD adoption are increased productivity and employee satisfaction. Unauthorized data access, data leakage/loss, and malware attacks, among other issues, are major concerns for organizations when implementing BYOD. As a result, the growing demand for improved data privacy and security, as well as network security, is expected to drive the adoption of mobile device security solutions. Furthermore, businesses are concerned with the privacy and security of mobile devices, as well as network infrastructure.

Mobile Security Market Restraint

Billions of smartphone users use their smartphones or tablets to access a wide range of applications. Many users are unaware of the source from which they download applications, as well as their privacy policies. Many people visit untrusted websites on laptops or mobile devices while downloading insecure apps, making these devices more vulnerable to cyberattacks. The market's growth is being hampered by a lack of awareness about mobile device threats and security solutions.

Global Mobile Security Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Mobile Security Market size was valued at USD 6.16 billion in 2019 and is poised to grow from USD 14.4 billion in 2023 to USD 22.1 billion by 2031, growing at a CAGR of 21.1% in the forecast period (2024-2031).

Leading players operating in the global mobile security market are focusing on developing advanced and cost-effective solutions to capitalize on the growing opportunity in developing regions. Some of the players are collaborating with end-users to increase their revenue and gain a competitive edge. Meanwhile, some of the incumbents are adopting inorganic growth strategies such as partnerships and collaborations with regional players to expand their product portfolio and customer base. 'Trend Micro ', 'Sophos', 'Symantec Corporation', 'McAfee, LLC', 'Kaspersky Lab', 'Lookout Inc.', 'Check Point Software Technologies Ltd.', 'F-Secure Corporation', 'AVG Technologies', 'Avast Software', 'ESET', 'Bitdefender', 'NortonLifeLock Inc.', 'Malwarebytes Corporation', 'Webroot Inc.', 'BlackBerry Limited', 'Zimperium Inc.', 'MobileIron Inc.', 'Wandera Ltd.', 'Appthority, Inc.'

To support corporate mobility, businesses are offering to bring your device (BYOD) services. BYOD refers to the ability of employees to bring their own mobile devices to work, such as laptops, smartphones, and tablets. Furthermore, BYOD provides mobile device connectivity via a secure network. The primary motivators for BYOD adoption are increased productivity and employee satisfaction. Unauthorized data access, data leakage/loss, and malware attacks, among other issues, are major concerns for organizations when implementing BYOD. As a result, the growing demand for improved data privacy and security, as well as network security, is expected to drive the adoption of mobile device security solutions. Furthermore, businesses are concerned with the privacy and security of mobile devices, as well as network infrastructure.

The major factors accelerating the market's growth are an increase in online mobile payment and an increase in security needs as a result of the implementation of BOYD in workplaces. Moreover, the increased demand for video streaming content protection fuels the growth of the mobile security market. The high cost of mobile security solutions and the complexity of designing embedded security solutions could affect the Mobile Security Market growth. Furthermore, the market is expected to benefit from the increased use of machine learning and artificial intelligence in mobile security applications.

According to the study, Asia Pacific is expected to emerge as the largest and fastest-growing region over the forecast period. Growth is primarily attributed to the expansion of manufacturing, healthcare, and IT & telecom sectors in India and China. As per the data of the India Brief Equity Foundation (IBEF), India is considered to have one of the largest manufacturing and IT telecom sectors across the globe. With ongoing developments in these sectors, the number of data breaches is surging. On account of this, the demand for mobile security is expected to increase in the Asia Pacific. Further, the study opines, that North America is projected to be the most remunerative mobile security market. The presence of leading companies and growing adoption of mobile security solutions in healthcare and IT & telecom sectors will boost the market. With an increasing number of data collected in these industries and the need for high-quality real-time data, the demand for mobile security solutions such as managed services, access management, and others will aid the growth in the market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Mobile Security Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Operating System(iOS, macOS), By Vertical(BFSI, IT & Telecom) - Industry Forecast 2024-2031

Global Mobile Security Market Dynamics

Global Mobile Security Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Mobile Security Market?

Who are the key vendors in the Global Mobile Security Market?

What is the key driver of Global Mobile Security Market?

What is the key market trend for Global Mobile Security Market?

Which region accounted for the largest share in Global Mobile Security Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300