Mobile Security Market – Global Industry Analysis And Forecast (2023-2029)

Mobile Security Market was valued at US$ 10.65 Bn. in 2022. The Global Mobile Security Market size is estimated to grow at a CAGR of 19.4% over the forecast period.

Mobile Security Market Overview:

The report explores the Mobile Security market's segments (Offerings, Operation System, End-user and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Mobile Security market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Mobile Security market's contemporary competitive scenario. Mobile Security MarketTo know about the Research Methodology:-Request Free Sample Report

Mobile Security Market Dynamics:

One of the main factors affecting the total industry is the rise in the usage of smartphones, tablets, laptops, & other portable devices for both personal and business use. Additionally, the rise of the BYOD (bring your own device) movement in businesses has increased security risks for both the company & its workers. As a result, businesses are increasingly adopting mobile unified endpoint security technologies, which comprise firewall tools, malware & antivirus protection solutions, organization-size security solutions, and mobile device management tools. The market is expected to grow even more as work-from-home policies become more popular. Businesses of all sizes are utilizing their business strategy to enable remote work for their staff. Organizations now have to carefully review their business continuity plans & evaluate their readiness for remote working as a result of the Covid19 epidemic. As employees are more likely to connect to networks via public Wi-Fi when working in remote regions, the security ecosystem becomes more vulnerable. Additionally, the Covid19 outbreak would force people to stay at home for an extended period of time, forcing businesses to implement security solutions for mobile endpoints.82 % of employees prefer working from home, making remote work the new standard. According to the report, 82% of respondents say they prefer working from home versus working in an office. The study also found that 64% of workers indicated they are more productive and feel less stressed when they work from home. It was mentioned that the move from face-to-face interaction to remote employee engagement has become the new norm for HR. According to the report, more than 80% of HR managers acknowledged that it is growing harder to find workers who can commit to full-time office attendance. With the increase in cyber-attacks using mobile devices, the market as a whole is expanding. With the development of technologies & operational expertise, hackers in the mobile ecosystem have improved. Hackers are currently using sophisticated malware to target mobile users & steal personal info from them. For instance, several instances of Mage cart attacks—digital credit card skimmer incidents—were reported globally in the year 2019. In order to skim their money transactions, the Magecart assaults targeted mobile users of e-commerce platforms & websites for booking hotels. Magecart's growing vulnerabilities & public awareness prompted people & companies to adopt security-enhancing measures. With the changing mobile device environment & secure mobile operating system (OS) patches, the industry keeps expanding. Currently, mobile OS embeds security fixes & tools more frequently to decrease downloads of unreliable 3rd party apps. Another aspect driving market expansion is an increase in mobile malware threats from third-party advertisements.

Mobile Security Market Segment Analysis:

Based on the products & services offered by IT security providers, the market for mobile security is divided into solutions & services. In the year 2022, the solutions segment held the major market share of 59% due to rise in malware, trojans, & phishing attacks in mobile devices. Furthermore, a increase in demand for mobile organization size security & device security to decrease vulnerabilities from 3rd party apps & data breaches is influencing the individuals to adopt mobile security solutions. SMEs’ planned increase in cyber-security spending is good news for security providers: In the coming 12 months, the majority of SMEs questioned either plan to retain or increase their existing levels of spending on cyber-security solutions. The likelihood that a company will increase its security budget increases with size. When it comes to investing in cyber-security, micro firms will need more education and help than bigger SMEs, but they still present a sizable market for security vendors. SMEs implemented a range of procedures to secure the data of the many workers who were compelled to work from home due to the epidemic. This includes implementing more security measures (36%), expanding VPN capacity/seats (31%), & requiring more security training (31 percent ). Despite the efforts already made to strengthen their data security, half of the SMEs polled anticipate to boost their security spending even more in the upcoming year. Budgets, however, may be a constraint for certain SMEs; this is particularly true for microbusinesses. Global spending by SMEs on cyber security is expected to surge by 14% year between 2022 and 2029. The amount spent globally by SMEs on cyber security is anticipated to rise from USD46.3 billion in the year 2021 to USD 72 Bn in 2026. Vertical Industry Overview: Based on vertical segment mobile security market is segmented by BFSI, telecom and IT, retail, healthcare, government and defence, manufacturing, and other sectors. In the year 2022, the telecom and IT sector maintained the greatest market share (21.7%). Large amounts of consumer and business data are kept on file by telecom and IT companies. The risk of malware & data theft has increased for enterprises with the introduction of digital automation technologies. Over the past few years, BFSI (Banking, Financial Service, and Insurance) firms have continued to be a top target for hackers. The BFSI sector must prioritise cybersecurity above all else because of the volume of sensitive data they handle, making them an obvious gold mine for hackers. In fact, the Sixth Annual Bank Survey found that more than 70% of fintech companies named information security as their top issue. The ongoing COVID-19 pandemic increased to the BFSI companies' concerns as hacks like the Morgan Stanley and Robinhood breaches & others shook the sector. BFSI organisations must therefore implement a thorough security plan to address the growing cybersecurity issues. Knowing the most recent cybersecurity developments is undoubtedly very beneficial. The BFSI industry will be greatly impacted by some of the biggest cybersecurity issues in the year 2022. Below is one of the trends that our analyst have highlighted in our BFSI cybersecurity trends. AI implementation for fraud detection In the beginning of 2022, leaders in the fintech industry developing & using ever-more-advanced AI (Artificial Intelligence) and ML (Machine Learning) technology to anticipate & prevent financial fraud. By evaluating massive amounts of data more quickly & spotting illicit use, AI can assist increase security as more and more breakthrough technologies enter & disrupt the financial industry.

Regional Insights:

With a share of 41.4 percent of the global market in 2022, North America dominated the sector. Because businesses are spending more on information security solutions, the region is expected to increase significantly over the projected period. For instance, the U.S. Department of Homeland Security (DHS), in collaboration with a few federal agencies, including the Science and Technology Directorate (S&T) and the Cybersecurity and Infrastructure Security Agency (CIST), is developing new standards and mobile security R&D programmes in April 2019 to address security flaws in communications over mobile networks. The United States accounted for the greatest revenue share in North America in 2019 and is anticipated to keep the lead throughout the forecast period. The objective of the report is to present a comprehensive analysis of the global Mobile Security Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Mobile Security Market dynamic, and structure by analyzing the market segments and projecting the Mobile Security Market size. Clear representation of competitive analysis of key players by Design, price, financial position, Offerings portfolio, growth strategies, and regional presence in the Mobile Security Market make the report investor’s guide.

Mobile Security Market Scope: Inquire before buying

Mobile Security Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US$ 10.65 Bn.
Forecast Period 2023 to 2029 CAGR: 19.4% Market Size in 2029: US$ 36.84 Bn.
Segments Covered: by Offerings Solutions Services
by Operation System IOS Android Windows
by End-user Personal Users Business User
by Industry Vertical BFSI Telecom & IT Retail Healthcare Government & Defense Manufacturing Others

Mobile Security Market by Region:

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)

Key Players:

1. Apple Inc. 2. Intel Security (McAfee) 3. Symantec Corporation 4. VMware, Inc. 5. Microsoft Corporation 6. F-Secure Corporation 7. Citrix Systems, Inc. 8. Trend Micro, Inc. 9. AVG Technologies 10. Sophos Ltd. 11. Kaspersky Lab 12. innoPath Software 13. Googlem 14. Nokia 15. MobileIron 16. Orange.

Frequently Asked Questions:

1. Which region has the largest share in Global Mobile Security Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Mobile Security Market? Ans: The Global Mobile Security Market is growing at a CAGR of 19.4% during forecasting period 2023-2029. 3. What is scope of the Global Mobile Security Market report? Ans: Global Mobile Security Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Mobile Security Market? Ans: The important key players in the Global Mobile Security Market are – Apple Inc., Intel Security (McAfee), Symantec Corporation, VMware, Inc., Microsoft Corporation, F-Secure Corporation, Citrix Systems, Inc., Trend Micro, Inc., AVG Technologies, and Sophos Ltd. 5. What is the study period of this Market? Ans: The Global Mobile Security Market is studied from 2022 to 2029.
1. Mobile Security Size: Research Methodology 2. Mobile Security Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Mobile Security Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Mobile Security Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Mobile Security Size Segmentation 4.1. Mobile Security Size, by Offerings (2022-2029) • Solutions • Services 4.2. Mobile Security Size, by Operation System (2022-2029) • IOS • Android • Windows 4.3. Mobile Security Size, by End-User (2022-2029) • Personal Users • Business Users 4.4. Mobile Security Size, by Industry Vertical (2022-2029) • BFSI • Telecom & IT • Retail • Healthcare • Government & Defense • Manufacturing • Others 5. North America Mobile Security (2022-2029) 5.1. North America Mobile Security Size, by Offerings (2022-2029) • Solutions • Services 5.2. North America Mobile Security Size, by Operation System (2022-2029) • IOS • Android • Windows 5.3. North America Mobile Security Size, by End-User (2022-2029) • Personal Users • Business Users 5.4. North America Mobile Security Size, by Industry Vertical (2022-2029) • BFSI • Telecom & IT • Retail • Healthcare • Government & Defense • Manufacturing • Others 5.5. North America Mobile Security, by Country (2022-2029) • United States • Canada • Mexico 6. European Mobile Security (2022-2029) 6.1. European Mobile Security, by Offerings (2022-2029) 6.2. European Mobile Security, by Operation System (2022-2029) 6.3. European Mobile Security, by End-user (2022-2029) 6.4. European Mobile Security, by Industry Vertical (2022-2029) 6.5. European Mobile Security, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Mobile Security (2022-2029) 7.1. Asia Pacific Mobile Security, by Offerings (2022-2029) 7.2. Asia Pacific Mobile Security, by Operation System (2022-2029) 7.3. Asia Pacific Mobile Security, by End-user (2022-2029) 7.4. Asia Pacific Mobile Security, by Industry Vertical (2022-2029) 7.5. Asia Pacific Mobile Security, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Mobile Security (2022-2029) 8.1. The Middle East and Africa Mobile Security, by Offerings (2022-2029) 8.2. The Middle East and Africa Mobile Security, by Operation System (2022-2029) 8.3. The Middle East and Africa Mobile Security, by End-user (2022-2029) 8.4. The Middle East and Africa Mobile Security, by Industry Vertical (2022-2029) 8.5. The Middle East and Africa Mobile Security, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Mobile Security (2022-2029) 9.1. Latin America Mobile Security, by Offerings (2022-2029) 9.2. Latin America Mobile Security, by Operation System (2022-2029) 9.3. Latin America Mobile Security, by End-user (2022-2029) 9.4. Latin America Mobile Security, by Industry Vertical (2022-2029) 9.5. Latin America Mobile Security, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Apple Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Intel Security (McAfee) 10.3. Symantec Corporation 10.4. VMware, Inc. 10.5. Microsoft Corporation 10.6. F-Secure Corporation 10.7. Citrix Systems, Inc. 10.8. Trend Micro, Inc. 10.9. AVG Technologies 10.10. Sophos Ltd. 10.11. Kaspersky Lab 10.12. innoPath Software 10.13. Googlem 10.14. Nokia 10.15. MobileIron 10.16. Orange.

About This Report

Report ID 15333
Category Information Technology & Telecommunication
Published Date June 2023
Updated Date