Global Mobile Security Market – Industry Trends and Forecast to 2029

Market Analysis and Insights Global Mobile Security Market

Data Bridge Market Research analyses that the mobile security market will exhibit a CAGR of 17.20% for the forecast period of 2022-2029 and is expected to reach the market value of USD 7,805.44 million by 2029.

The main objective of mobile security is to protect the confidentiality of data stored in mobile phones and to improve the device's integrity. Furthermore, there are numerous advantages to using a mobile security application, such as protecting data from malware and cyberattacks and allowing access to data from a remote location.

One of the major factors driving the global growth of the mobile security market is the growing concern and awareness about data protection on enterprise mobile devices. Not only that, the growing adoption of two-factor authentication and the need to meet security standards are also driving the growth of the mobile security market industry. The growing use of mobile devices for e-commerce and banking functions has mandated the installation of security software in mobile devices.

Cloud-based technology could be another factor propelling the market with new heights. Another factor driving the global growth of the mobile security market is the trend of bringing your own device (BYOD), which facilitates device sharing between businesses and their employees. Customers' increasing reliance on technology, as well as their adoption of mobile-based applications such as digital asset management and supply chain analytics is demanding more security solutions to protect their corporate and personal data, creating a growth opportunity for the global mobile security market.

However, it must contend with numerous threats; with the increased use of technology in almost everything, cyber-attacks have multiplied many times. Furthermore, the initial and ongoing costs of establishing a mobile security system are extremely expensive for many small businesses. Dearth of skilled technical staff and infrastructural facilities in the developing economies will also hammer down the market growth rate.

This mobile security  market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on mobile security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Mobile Security Market Scope and Market Size

The mobile security market is segmented on the basis of offering, deployment, operating system and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• The market of mobile security is divided based on offering into solution and services. Solutions segment is sub-segmented into mobile identity management, mobile data protection, master data management (mdm), mobile virtual private network and master applied management. Services segment is sub-segmented into implementation, training and support, consulting and managed service.
• The market of mobile security is segmented based on deployment into cloud-based and on-premises.
• The market of mobile security is categorized based on the operating system into iOS, blackberry, android, windows, and others.
• The mobile security market is divided based on end-user into individual users, financial institutions users, retail users, government users, telecom and IT users, education seekers, manufacturing and automotive, and many others.

Mobile Security Market Country Level Analysis

The mobile security market is analysed and market size, volume information is provided by country, offering, deployment, operating system and end-user as referenced above.

The countries covered in the mobile security  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the mobile security market in and is expected to maintain its position throughout the forecast period. The major factors driving market growth in this region include a large IT industry base as well as a higher number of mobile app developers. However, Asia-Pacific is expected to grow at the fastest rate during the forecast period due to an increase in the adoption of mobile security applications in the region. Asia-Pacific is encouraging players to invest in app development to meet the personal and business needs of customers in Asia-developing Pacific's countries.

The country section of the mobile security market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Mobile Security Market Share Analysis

The mobile security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the mobile security market.

Some of the major players operating in the mobile security market are Apple Inc., Intel Corporation, Broadcom. VMware, Inc., Microsoft, F-Secure, Citrix Systems, Inc., VERACODE, Hewlett Packard Enterprise Development LP, Synopsys, Inc., IBM, WhiteHat Security, Qualys, Inc, Checkmarx Ltd., Acunetix, Rapid7, Trustwave Holdings, Inc., High-Tech Bridge SA and Contrast Security. among others.

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