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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Mobile Security Market Report Snapshots
Mobile Security Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for mobile security attained a value of approximately USD 4.39 billion.
The market is projected to grow at a CAGR of 22.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 27.49 billion by 2032.
The major drivers of the market include the increase in the adoption of smartphones, laptops, and other portable devices, increasing mobile applications in banking, financial services and insurance, healthcare, and telecommunication sectors, and increasing cases of cyber-attacks.
The increasing penetration of high-speed internet and the Internet of Things (IoT), rising prevalence of bring your own device (BYOD), and advancement in mobile device technologies, are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary end users of mobile security in the market are enterprises and individuals.
The primary advantage of mobile security is the reduced risk of theft or leakage of sensitive data, and protection against ransomware attacks that target mobile devices.
Some common examples of basic mobile security features include passwords, fingerprint sensors, and facial recognition software which prevent unauthorised users from accessing data.
The major players in the mobile security market are Apple Inc., BlackBerry Limited., Microsoft Corporation, Google LLC, Samsung Electronics Co., Ltd., IBM Corporation, Lookout, Inc., Citrix Systems, Inc., VMware, Inc., McAfee, LLC, and Gen Digital Inc., among others.
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