PUBLISHER: The Business Research Company | PRODUCT CODE: 1465839
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465839
Mobile security encompasses measures aimed at safeguarding sensitive information stored on and transmitted by mobile devices such as smartphones, tablets, laptops, wearables, and other portable computing devices. These measures help organizations defend against unauthorized access, data theft, and financial losses, ensuring compliance with data protection regulations and maintaining a secure digital experience for employees.
The primary components of mobile security include identity and access management, data security and encryption, cloud security, network security, endpoint security, web security, and application security. Identity and access management (IAM) involve processes and technologies for managing digital identities and controlling access to resources within an organization. These services, including professional and managed services, operate across various platforms such as iPhone operating system (iOS), Macintosh operating system (macOS), Android, Windows, Linux, and Blackberry, catering to industries such as banking, financial services and insurance (BFSI), retail, information technology (IT) and telecommunications (Telecom), healthcare, manufacturing, government and defense, and other end-users.
The mobile security market research report is one of a series of new reports from The Business Research Company that provides mobile security market statistics, including mobile security industry global market size, regional shares, competitors with a mobile security market share, detailed mobile security market segments, market trends and opportunities, and any further data you may need to thrive in the mobile security industry. This mobile security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mobile security market size has grown exponentially in recent years. It will grow from $6.68 billion in 2023 to $8.10 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth observed during the historic period can be attributed to several factors, including the rise in mobile device usage, the growing threat landscape, stringent regulations, increased IT complexities, and the rise in tablets and other portable devices.
The mobile security market size is expected to see exponential growth in the next few years. It will grow to $17.48 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The anticipated growth in the forecast period can be attributed to increasing mobile usage and advancements in technology, which are driving demand for secure mobile payment solutions and technologies. Major trends expected in the forecast period include the rise in mobile malware, the expansion of mobile threat defense (MTD) solutions, and a focus on privacy and compliance.
The advancing complexity of cyber threats is forecasted to drive the expansion of the mobile security market in the coming years. Cyber threats encompass malicious activities aimed at damaging data, stealing information, or disrupting digital operations, including various forms of attacks such as data breaches, computer viruses, denial of service, and numerous other vectors of attack. Mobile security solutions play a crucial role in identifying and eliminating malware, including viruses, spyware, and ransomware, which pose risks to sensitive data and disrupt the functionality of devices. For example, as per the 2022 Data Breach Report by the Identity Theft Resource Center, a US-based non-profit organization, there was a 68% increase in reported data breach incidents in 2022, with 1,862 breaches compared to 1,108 breaches in 2021. Consequently, the rising sophistication of cyber threats is fueling the growth of the mobile security market.
Leading companies in the mobile security market are focusing on developing cutting-edge technologies, such as mobile security platforms, to enhance their competitive position in the market. A mobile security platform comprises a comprehensive array of tools and services designed to safeguard mobile devices, including smartphones, tablets, and laptops, from cyber threats. For instance, Zimperium Inc., a US-based mobile security firm, introduced the Mobile-First Security platform in April 2023, providing threat detection visibility and response for endpoints and applications. This unified platform integrates capabilities across mobile threat defense (MTD) and mobile app security (MAPS), offering centralized management and access to device and app security via a single interface, both on cloud and on-premises environments. It is engineered to shield mobile devices and applications from evolving threats and risks, a critical component of mobile security, featuring advanced in-app protection to prevent reverse engineering, safeguard cryptographic keys, and fortify self-defending applications.
In July 2021, Enea AB, a Sweden-based information technology company, acquired Adaptive Mobile Security Ltd. for $53.02 million. This acquisition aims to bolster Enea's market presence and diversify its offerings to operators, presenting opportunities in areas such as 5G security. Moreover, the acquisition is anticipated to drive market expansion and customer outreach, catering to a broader spectrum of clients and offering a distinctive blend of networking and security expertise. Adaptive Mobile Security, headquartered in Ireland, specializes in providing security solutions and services, particularly in network-based and cyber-telecommunication security solutions.
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.
North America was the largest region in the mobile security market in 2023. 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.
The countries covered in the mobile security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mobile security market includes revenues earned by entities by providing services such as email security, mobile management (EMM) platforms, virtual private networks, multi-factor authentication, remote device management, and security awareness and education. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mobile Security Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile security ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mobile security market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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