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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mobile Security Market Size
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.
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.
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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