Global Mobile Security Market Report and Forecast 2024-2032

Global Mobile Security Market Outlook

The global mobile security market size reached a value of around USD 4.39 billion in 2023. The market is further expected to grow at a CAGR of 22.6% between 2024 and 2032, reaching a value of around USD 27.49 billion by 2032.

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Key Trends in the Market

Mobile security provides defence against virus threats, cyberattacks, and wireless computing-related vulnerabilities for mobile devices such as smartphones and tablets and the networks to which they are connected. Consumers and businesses now depend heavily on mobile devices like smartphones, tablets, and laptops. In light of the growing use of mobile devices for operations and communication as well as for information security, securing them has become crucial, increasing the demand for mobile security.

• The key mobile security market trends include the growing use of Internet of Things (IoT) and high-speed internet which are surging the potential of mobile devices. The development of mobile applications in the banking, financial services, insurance, healthcare, and telecommunications industries is also anticipated to fuel the global market.

• The rise of the bring your own device (BYOD) trend in workplaces has complicated employee and employer security issues. Thus, businesses are using more mobile unified endpoint security technology, including firewall tools, malware and virus protection software, and mobile device management applications.

• Companies are adopting mobile-based applications like supply chain analytics and digital asset management, which are increasing their reliance on technology. Thus, companies are demanding more security solutions to protect their corporate and personal data, which is creating a growth opportunity for the global mobile security market.

• The increase in mobile-related cyberattacks is driving the overall market growth for mobile security and offering a lucrative mobile security market opportunity. With the development of technologies and operational expertise, threat identification and prevention in the mobile ecosystem have improved, increasing the scope of the market for mobile security.

Global Mobile Security Market Analysis

Based on operating system, the market is divided into android and iOS, among others. On the basis of end user, the market is bifurcated into enterprises and individuals. The regional markets for mobile security are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mobile security market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Apple Inc.

• BlackBerry Limited.

• Microsoft Corporation

• Google LLC

• Samsung Electronics Co., Ltd.

• IBM Corporation

• Lookout, Inc.

• Citrix Systems, Inc.

• VMware, Inc.

• McAfee, LLC

• Gen Digital Inc.

• Others

Mobile Security Market Share by End User

Enterprise end users have accounted for a sizable share of the market in the historical period and are anticipated to maintain their growth throughout the forecast period. Enterprise mobility is becoming an expanding trend among companies to provide support for remote working, which also permits the use of personal mobile and laptop devices for business purposes and effectively utilises cloud technology for data access. Corporate users are seeking security solutions that guarantee the protection of each document and data file while allowing users to continue collaborating and being productive in a highly secure manner.

Enterprise mobile security assists IT administrators in addressing the problems of data protection and risk management in a modern workplace where mobility and bring-your-own-device (BYOD) scenarios are becoming more common. Moreover, the introduction of 5G is anticipated to alter the landscape of enterprise mobility, leading to further growth of the market.

Mobile Security Market Share by Region

North America is a significant regional market due to the increase in company spending on information security solutions, which is predicted to continue throughout the forecast period. Companies in the region are putting in place security measures that lower data security risks and safeguard employee personal information. The regional market growth is also being driven by the rising usage of mobile devices across numerous industries, including government, defence, and retail.

Meanwhile, Asia Pacific is expected to witness significant growth in the market for mobile security over the forecast period. The growing adoption of smartphones, advancements in mobile device technology, and improved network connectivity are leading to increasing concerns regarding mobile security. Malware and phishing attacks on mobile devices are also rising owing to the increasing in digital transaction applications and initiatives by governments in the region to move to digital systems. As a result, the usage of security solutions for portable devices is increasing among both consumers and organisations, thus supporting the mobile application security market growth.

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Competitive Landscape

BlackBerry Limited., founded in 1984 as Research In Motion (RIM), is a leader in cybersecurity and assists organisations of all sizes that are responsible for maintaining public safety and the security of Internet of Things (IoT). Headquartered in Ontario, Canada, the company’s services range from embedded software and virtual private network (VPN) authentication to cybersecurity services, cloud-based services, enterprise mobility management (EMM) solutions, and radiofrequency (RF) antenna tuning and development tools.

VMware, Inc., founded in 1998 and headquartered in California in the United States, is a market leader in multi-cloud services for all applications, enabling digital innovation while supporting organisational governance. The company creates virtualisation technology applications and offers software maintenance in addition to expert services including design, installation, and training. VMware offers SaaS solutions for numerous IT issues, including operational inefficiencies, desktop management, software lifecycle management, and business continuity.

McAfee, LLC, which is based in California in the United States is a cyber security company established in 1987. The company provides anti-virus and anti-malware protection software for network, cloud, database, and endpoint detection, catering to consumers, small and large businesses, corporations, and government sectors. Their products include all-in-one protection, device protection, and PC optimisation, with a variety of free tools and downloads, which aid in web protection and identity safeguarding.

Other market players include Apple Inc., Microsoft Corporation, Google LLC, Samsung Electronics Co., Ltd., IBM Corporation, Lookout, Inc., Citrix Systems, Inc., and Gen Digital Inc., among others.

Key Highlights of the Report

Mobile Security Market Report Snapshots

Mobile Security Market Size

Mobile Security Market Analysis

Mobile Security Market Share

Mobile Security Companies