Mobile Security Market: Forecast Report on Trends, Size, Market, and Growth Insights by Region

Global Mobile Security Market Forecast to 2030

The global mobile security market size was USD 3.93 billion in 2021 and is expected to register a revenue CAGR of 21.1% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as increasing smartphone users, rising adoption of third-party applications, and the growing productivity of employees and enterprises through BYOD. Mobile security is an important part of mobile phones, iPads, and laptops, as well as the systems with which devices connect, due to wireless computing-related risks and vulnerabilities. The importance of securing these devices has grown substantially as the number of mobile devices and the ways in which they are utilized have rapidly increased.

The analysis examines the factors influencing industry growth in the worldwide Mobile Security Market and provides detailed estimates regarding the growth pattern. Drivers, restraints, opportunities, threats, risks, constraints, and other characteristics of the market are some of the study's primary subjects. The study offers a comprehensive investigation of the company profiles, product portfolio, and corporate expansion strategies in addition to a full analysis of the competitive environment. The Global Mobile Security Market Research Report by Emergen Research was provides comprehensive coverage of the qualitative and quantitative analyses of the Mobile Security Market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.

Numerous businesses now permit employees to use their personal mobile phones for business activities; hence, BYOD allows employees to access company resources remotely or even while teleworking. The purpose of mobile device security and BYOD is to illustrate how businesses can use a standard-based strategy and commercially available technologies to address security and privacy needs while allowing privately owned mobile devices to access company resources. BYOD refers to the practice of conducting work-related tasks on personal devices. Inclusion of BYOD capabilities into an organization can increase the operational freedom of employees and their access to corporate resources.

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Competitive Terrain:

The global Mobile Security industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Apple Inc., Broadcom, BlackBerry Limited, Citrix systems, Inc., Google, IBM, Microsoft, Ivanti, SAMSUNG, and VMware, Inc

Research Report on the Mobile Security Market Addresses the Following Key Questions:

Who are the dominant players of the Mobile Security market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Mobile Security market?
What are the key growth drivers and restraining factors of the Mobile Security market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Mobile Security market and its key segments?

Market Overview:

The report bifurcates the Mobile Security market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Operating System Type Outlook (Revenue, USD Billion; 2019-2030)

iOS
Android
Others

Enterprise Solution Outlook (Revenue, USD Billion; 2019-2030)

Mobile Application Security
Mobile Data Protection
Web Protection
Mobile Device Security
Others Solutions

Enterprise Vertical Outlook (Revenue, USD Billion; 2019-2030)

BFSI
Telecommunication IT
Retail E-commerce
Healthcare Life sciences
Government Defense
Manufacturing
Other Enterprise Vertical

Regional Landscape section of the Mobile Security report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights From the Report

The iOS segment accounted for a significant revenue share in 2021. iOS is considered more dependable of the two operating systems, IOS and Android. Apple does not grant app developers access to its source code and iPhone and iPad owners cannot modify the code on their devices. This makes it more difficult for cybercriminals to exploit iOS-powered devices and developers to submit applications to App Store since the review procedure is more stringent. Consequently, it is less probable that a malicious app will enter Apple's App Store.
The mobile device security segment accounted for a significant revenue share in 2021. Mobile device security is primarily intended to prevent illegal network access. It is an element of all-encompassing enterprise security strategy. Additionally, over 50% of PCs are now mobile, providing novel challenges for network security, which must account for all locations and network usage required by employees. Smartphones are vulnerable to malicious phone applications, phishing schemes, data leaks, malware, and insecure Wi-Fi connections. Moreover, businesses must plan for the possibility that an employee can misplace or steal a mobile device.
The telecommunication IT segment accounted for a significant revenue share in 2021. Network operators have become the open innovation platform that supports business, society, and mission-critical use cases as the world become increasingly digitized. 5G enables communication network operators to provide robust and secure connections for a variety of use cases, thereby connecting enterprises, smart factories, and important public safety infrastructures. High-performance 5G networks provide unlimited access to connected devices and mobile applications, necessitating networks that are resilient, secure, and preserve user privacy.
The North America market accounted for a moderate revenue share in 2021. Rise in cyber-attacks on China's technology industry is expected to drive demand for wireless security services across the country. Furthermore, the mobile software security market is expected to be driven by stringent government data security needs in Asia countries such as Japan, China, and the Philippines. In addition, increasing acceptance of digital security applications in APAC, which is influencing players to engage in application development to meet individual and industry requirements of clients in Asia Pacific countries, thereby drives market growth in this region.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Mobile Security market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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