Mobile Security Market Growth, Future Prospects And Competitive Analysis (2020-2026) | Fortune Business Insights™

The global mobile security market size is likely to gain momentum by exhibiting a promising 14.6% CAGR between 2020 and 2027. This is ascribable to factors such as increasing adoption of advanced mobility solutions and increasing cyberattack incidents across the globe. Mobile technology has been favored by the world incredibly over the last decade. Almost two-thirds of the worldwide population is using mobile phones, especially smartphones. In 2017, according to the report published by Soti, Inc., nearly half of the global internet traffic was consumed by mobile devices. Furthermore, the report cited that, over 175 billion applications have been downloaded in 2017 by smartphone users globally. Moreover, the increasing consumption of the internet has attracted cybercriminals as well. Mobile safety solution helps to protect the portable and mobile devices from cyberattacks.

Industry Development:

November 2019– Google LLC and Zimperium partnered for ensuring the safety of applications present on the google play store. Zimperium patented machine learning-based Z9 technology will be used to detect and stop harmful applications on google play store. The partnership is expected to protect google play store users from application malware attacks.

September 2019– F-Secure, a Finnish cybersecurity firm, announced its launch of consultancy services across 11 different locations spread across four continents of the world. According to the company, the primary aim of their consultancy services is to defend cyber-attacks for the organization by adopting emerging technologies.

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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Mobile Security Market Market trends. The report is available for sale on the company website.

Growing internet dependency and digitalization of industries expecting secure data storage and data sharing infrastructure. Although, the direction of many of the businesses towards the remote workforce, expected to drive the market in the future. Growing cloud-based data storage also anticipated enhancing the adoption of security solutions for mobiles. In addition, pricing competition and product offering with more features, vendors continue to expand their performance/price ratio and hence offer market-driven opportunities for the future.

Growing malware and cyberattacks have led companies in the U.S. to adopt advanced security platforms. The U.S is expected to dominate this market share in North America by adopting enterprise mobility and mobile security solutions. The growing attacks on the healthcare sector anticipated deployment of security solutions across North America. Similarly, in Europe, the financial sector has been heavily targeted by attackers in Europe which is expected to continue the adoption of mobile solutions across the region. Further, developed countries like the U.K., France, and Germany are showcasing the highest adoption of mobile solutions. Strengthened data security regulations by the European Union, is accelerating wireless security across Europe.

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Asia Pacific (APAC) is expected to show a high CAGR in the upcoming years owing to the development of the IT sector. The explosion of attacks in the Chinese technological sector is estimated to escalate the demand for wireless security solutions across China. Moreover, stringent government regulations of data security in Asian countries such as Japan, the Philippines, and China are anticipated to drive the market.

List of the Companies Operating in the Market:

  • Microsoft Corporation (New Mexico, United States)
  • Google LLC (California, United States)
  • IBM Corporation (New York, United States)
  • Lookout, Inc. (California, United States)
  • Apple, Inc. (California, United States)
  • Kaspersky Lab (Moscow, Russia)
  • Intel Corporation (California, United States)
  • VMware, Inc. (California, United States)

Regional Analysis for Mobile Security Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Contents for Mobile Security Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Mobile Security Market Insights
  5. Global Market Analysis, Insights and Forecast, 2015-2027
  6. North America Market Analysis, Insights and Forecast, 2015-2027
  7. Europe Market Analysis, Insights and Forecast, 2015-2027
  8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
  9. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
  10. Latin America Market Analysis, Insights and Forecast, 2015-2027
  11. Competitive Landscape
  12. Global Mobile Security Market Revenue Share Analysis, By Key Players, 2020
  13. Company Profiles
  14. Conclusion

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