The global mobile security market share is estimated to reach USD 20.46 billion by 2030, registering a CAGR of 10.20% during the forecast period, 2020–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.
The global mobile security market is expected to witness favorable growth during the forecast period. Factors such as the increasing adoption of two-factor authentication and rising demand for cloud bases solutions are expected to drive the market during the study period. The growing adoption of cloud-based technologies has also created a growth opportunity for the Mobile Security market. However, the increasing adoption of open-source applications are likely to restrain the growth of the global market.
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The global Mobile Security market has been segmented based on solution, deployment, operating system, end-user, and region.
Based on solution, the Mobile Security market has been divided into mobile data protection, firewall, data encryption, multi-factor authentication and mobile application security. The mobile data protection segment accounted for the larger market value in 2019, reaching a value of USD 2,611.6 million; it is expected to register a higher CAGR of 13.4% during the forecast period. The data encryption segment was valued at USD 1,734.8 million; it is projected to register the CAGR of 13.0%. Ensuring the protection of mobile data has become a key concern for several end use industries. In the last few years, the use of mobile devices to access data has become much more frequent. Therefore, data security is a new challenge for the users and information managers. Mobile data security software is designed to protect mobile devices and their data by detecting threats, preserving networks, and creating data backups.
Based on deployment, the Mobile Security market has been segmented into cloud and on-premises. The cloud segment held a larger market share in 2019, with a market value of USD 5,168.8 million; it is expected to register a CAGR of 13.3% during the forecast period. The on-premises segment was the second-largest market in 2019, valued at USD 2,598.5 million; it is projected to register a 11.0% CAGR. Mobile cloud security provides secure access to enterprise applications. Cloud platform endorses containerized software or applications and also supports both iOS and Android mobile platforms. Cloud offers high storage of valuable information resources. An on-site solution is a server-side provider in network infrastructure that gives greater control over the data, better protection, and better integration. On-premises deployment offers more security and control as it protects the security and accessibility of computer networks, including hardware and software.
Based on operating system, the Mobile Security market has been segmented into windows, android, iOS and others. The windows segment held the largest market share in 2019, with a market value of USD 3,065.5 million; it is expected to register a CAGR of 11.4% during the forecast period. The android segment was the second-largest market in 2019, valued at USD 2,507.7 million; it is projected to register an 13.4% CAGR. Windows ensures protection to individual and corporate devices to secure unauthorized access, data leakage, and malware threats. The operating system improved enterprise security and access control features to ensure that only authorized users can access corporate information or data. It prevents corporate information from being accessed with individual data and information. Android has become quite widely popular as well as the corresponding devices have acquired a huge market share due to the openness of Android architecture and the availability of a wide range of application. It has a layered approach to protection. Each layer in the android security framework operates together to establish a strong defense that operates efficiently and reliably
Based on end-user, the Mobile Security market has been segmented into telecom IT, individual users, BFSI, government, healthcare, retail, education, and others. The telecom and IT segment held the largest market share in 2019, with a market value of USD 1,962.7 million; it is expected to register a CAGR of 10.2% during the forecast period. The healthcare segment is expected to witness the highest CAGR during the study period, at 15.4%. In the healthcare sector, mobile devices are used to record patient history with minimal errors. It provides better access to relevant information on drugs and thus helps to make better choices. The Healthcare sector is shifting towards full digitization and innovative technologies utilizing to improve the quality and efficiency of healthcare services.
The key players of the global mobile security market include Apple Inc (US), Samsung Electronics Co. Ltd (South Korea), IBM Corporation (US), Verizon Communications Inc (US), Trend Micro (Japan), Mobilelron (US), McAfee LLC (US), Microsoft (US), VMware Inc (US), ATT Inc. (US), AVG Technologies (Czech Republic), Symantec Corporation (Broadcom Inc.) (US), Citrix Systems Inc (US), Blackberry Limited (Canada), Quick Heal Technologies (India).
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The regional analysis for the global Mobile Security has been done for North America, Europe, Asia-Pacific, the Middle East Africa, and South America. In 2019, North America accounted for the largest market share and it is expected to register notable growth during the study period. The Asia-Pacific market is expected to register the highest CAGR during the forecast period. This growth can be attributed to the increasing demand of cloud-based solutions in the market.
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