New York, NY, April 06, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Mobile Security Market by Solution (Authentication, Mobile Application Management, and Mobile Data Protection), by Operating System (iOS, Android, Windows, Blackberry, Others), and by End User (Individual Users, Financial Institutions, Retail, Government, Telecom and IT, Education, Manufacturing and Automotive, Aerospace, Defense and Intelligence and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global mobile security market was valued at approximately USD 24.17 billion in 2017 and is expected to generate revenue of around USD 46.74 billion by end of 2023, growing at a CAGR of around 33.3% between 2017 and 2023.
With the availability of advanced mobile devices, the number of applications and services available on these devices are also increasing. Currently, most of the mobile devices are equipped to support various data-related activities such as e-mail access, video access, and browsing. Owing to the advanced functionalities of these smartphones, services like m-commerce are gaining wide acceptance among consumers. Consumers are using smartphones to make online transactions as they are easy, quick, and convenient. However, these m-commerce transactions are vulnerable to cyber attacks which are augmenting the requirement for mobile security solutions market.
Browse through 69 Tables & 30 Figures spread over 110 Pages and in-depth TOC on "Global Mobile Security Market Size, Share, Trends, Growth Report and Forecast 2017 – 2023”.
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The increasing use of mobile devices to carry out financial and e-commerce transactions has necessitated the security of personal data as well. This has, in turn, prompted the integration of several biometrics technologies such as fingerprint recognition, voice recognition, iris recognition, signature recognition, keystroke recognition, and facial recognition into mobile devices. Such integration has ensured authorized access to personal data transmitted through wireless networks. It has also lead to the elimination of many fraudulent activities in monetary transactions.
The mobile security market is segmented on the basis of solution type into authentication, mobile application management, and mobile data protection. Mobile application management trend is likely to increase as more applications are introduced in the market. Some of the prime reasons for the development of application security solutions are the increasing dependency on applications and the frequency and length of their usage.
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On the basis of the operating system, the market is segmented into iOS, android, windows, blackberry, others. Android is becoming one of the most popular OS in the mobile device market with thousands of devices activated per day. To expand the market share, Apple has introduced an iOS version of the operating system which approves the applications on the Appstore. The company has also made Siri available on the iPad and iPod devices which make the device communicate in multiple languages.
North America and Europe are the most profitable regions in the global mobile security market. These regions are estimated to become the largest revenue-generating regions for mobile software vendors in 2018. This is mainly because of the presence of major mobile security vendors and service providers, along with the early adoption trends for innovative technologies in the developed economies of the U.S. Germany, France, U.K., and Canada.
Browse the full "Mobile Security Market by Solution (Authentication, Mobile Application Management and Mobile Data Protection), by Operating System (iOS, Android, Windows, Blackberry, Others), and by End User (Individual Users, Financial Institutions, Retail, Government, Telecom and IT, Education, Manufacturing and Automotive, Aerospace, Defense and Intelligence and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023" report at https://www.zionmarketresearch.com/report/mobile-security-market
The Asia-Pacific market is projected to have the highest CAGR during the forecast period. This region is expected to be the fastest growing region, owing to the rising adoption of such solutions across the SMEs and large enterprises emerging in this region and also due to the growing, IT industry such as Infosys, Accenture, Wipro and Cognizant in the region and consumer electronics manufacturers such Samsung and Sony.
Latin America and Middle East and Africa are also anticipated to exhibit high growth rates in the forecast period. Thus, all the aforementioned parameters are expected to propel the market growth for market security globally.
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Some of the key players in mobile security market include innoPath Software, Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Google Inc., Intel Corporation, Symantec Corporation, Kaspersky Lab, Apple Inc., VMware Inc., MobileIron, and Others.
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This report segments the global mobile security market as follows:
Global Mobile Security Market: Solution Segment Analysis
- Authentication
- Mobile Application Management
- Mobile Data Protection
Global Mobile Security Market: Operating System Segment Analysis
- iOS
- Android
- Windows
- Blackberry
- Others
Global Mobile Security Market: End-User Segment Analysis
- Individual Users
- Financial Institutions
- Retail
- Government
- Telecom and IT
- Education
- Manufacturing and Automotive
- Aerospace, Defense, and Intelligence
- Others
Global Mobile Security Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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