Mobile Security Market

Global Mobile Security Market Size (2024 to 2029)

The global mobile security market size is expected to reach from USD 7.70 billion in 2024 to USD 18.53 billion by 2029 at a CAGR of 19.2% during the forecast period.

The increasing number of mobile phone users around the entire world and the growing number of mobile competitors are factors that drive the demand for mobile security. However, with a free mobile security system, the growth of this market is restricted.  Mobile security is critical for devices such as laptops, mobiles, tablets, and smartphones. Nowadays, people are using a digital payment system for convenience, to reduce effort, and to access immediate services. So, there is a need to provide proper security for 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 has increased compared to 2018 because of the people moving towards these products and services.

MARKET DRIVERS

The key driver for the global mobile security market is the growing demand for smart devices such as laptops, tablets, and smartphones. Recently, the demand for security has been high, and it will be used for higher-priced security software. With an increase in consumer needs, 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 smartphone devices like smartwatches. The mobile security market has major drivers, such as the rising trend of antivirus, email spam blocking, malware removal, etc. 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 about protecting corporate information and databases and vulnerable to various threats. An increasing number of subscriptions around the world and using third-party applications are the drivers for growth.

MARKET RESTRAINTS

Wireless devices in the mobile security market, such as smartphones, tablets, and PCs, are associated with data loss, and solutions deny unauthorized access, which may hamper business development.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Mobile Security Market Analysis By Technology

 The global market is divided into Endpoint protection (EPR), Endpoint detection and response (EDR), and cloud-based security. Both techniques identify known and unknown threats in the mobile security market. A cloud-based mobile security solution is foreseen to grow due to its features, such as cost-effectiveness, scalability, and active management.

Global Mobile Security Market Analysis By Solution

The global mobile security market has been segmented by solution into mobile end-user management, authentication, and mobile data protection.

Global Mobile Security Market Analysis By Operating System

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

Global Mobile Security Market Analysis By End User

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

REGIONAL ANALYSIS

The global mobile security market is analyzed by regions such as North America, Europe, Asia-Pacific, and LAMEA, which are significant areas for the growth of the 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 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 service providers with innovative technologies developed in the US, Germany, France, and the UK. Asia-Pacific region is determined as the region with the highest growth due to the presence of IT industries such as Cognizant, Wipro, Accenture, and Infosys, as well as manufacturers such as Sony and Samsung.

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

LEADING COMPANY

Wandera is a leading player in the global mobile security market in 2019, and a majority of Microsoft customers benefit from Wandera's multilevel protection for corporate applications and users. 

KEY PLAYERS IN THE GLOBAL MOBILE SECURITY MARKET

The key players in the 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), MobileIron (US), and VMware (US).

RECENT HAPPENINGS IN THE GLOBAL MOBILE SECURITY MARKET

Today, many companies develop their security platforms with the help of advanced technology and have their security apps at a lower cost to the consumer. The main reason behind this is cybercrooks. Now, it’s time to think about powerful security apps that will help protect digital communication channels. 

• Combating the growing impact of mobile malware:- 13% of businesses have experienced malware on mobile devices. It comes from different sources, including spyware, adware programs, and Viruses on Android devices. We have seen Apple phones more significantly targeted by hackers and Android phones more open, although Apple phones are more secure than Android phones. Google and Apple expanded their apps, which include 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 it would help keep track of location, and due to this app, the revenue increased by 300% compared to the previous one. Tonik has been chosen as a partner to V-key for mobile security. MSSP benefits the consumer due to its features like cost reduction, high-level protection information, and the opportunity to focus on the core business.

• The Microsoft team joined with Intel labs to create images from a malware sample that will be used in detection code.

• Trend Micro launched a Crowd strike Falcon endpoint protection platform with a combination of the EPP. Fortinet acquired enSilo to enhance the current security platform.

DETAILED SEGMENTATION OF THE GLOBAL MOBILE SECURITY MARKET INCLUDED IN THIS REPORT

This research report on the global mobile security market has been segmented and sub-segmented based on the technology, solution, operating system, end-user, and region. 

By Technology                         

• Endpoint Protection (EPR)
• Endpoint Detection And Response (EDR)  
• Cloud-Based Security        

By End-User                             

• Government          
• Education
• Financial Institutions           
• Telecom & IT          
• Manufacture and Automotive        
• Healthcare              

By Solution                               

• Authentication      
• End-Users Management   
• Mobile Data Protection     

By Operating System                            

• Android    
• iOS              
• Windows 
• Blackberry               

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa