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Global Mobile Security Market to Reach US$ 12 Billion by 2027, Catalyzed by Surging Concerns Regarding Network Security

Published on May 20, 2022

IMARC Group’s latest report, titled “Mobile Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global mobile security market size reached US$ 4.15 Billion in 2021. Mobile security involves the implementation of various solutions and measures to protect mobile devices and networks against threats and vulnerabilities related to wireless computing. Some commonly used mobile security solutions include email security, secure web gateway, virtual private network (VPN), endpoint protection, cloud access security broker (CASB), and enterprise mobility management (EMM). They assist in ensuring regulatory compliance, monitoring malicious activity, preventing accidental data loss, and blocking phishing or ransomware attacks. They also aid in data backup, application control, security policy enforcement, and automated device registration. In recent years, mobile security solutions have gained immense traction among enterprises as they help restrict unauthorized network access, secure devices against malware threats, and minimize cybersecurity risks.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Mobile Security Market Trends:

The surging concerns regarding network security and the increasing instances of mobile attacks and data breaches represent the primary factors driving the market growth. This can be attributed to the widespread usage of mobile devices, such as smartphones, laptops, and portable Universal Serial Bus (USB) memory sticks, for personal and professional use. Additionally, the growing adoption of the bring-your-own-device (BYOD) policy across organizations has strengthened the need to protect sensitive company data and restrict network access. In line with this, the implementation of remote working policies amid the sudden outbreak of coronavirus disease (COVID-19) has augmented the demand for mobile security solutions. Furthermore, several key players are offering customized security solutions that meet the requirements of enterprises while providing training and support services to implement solutions within their existing infrastructure efficiently. Besides this, the rising utilization of smart electronic devices, such as netbooks and wearables, and the emerging trend of connected devices have accelerated the adoption of mobile security solutions. Other factors, including the surging popularity of the Internet of Things (IoT), shifting preferences toward online payments, favorable government initiatives, rapid digitization, increasing usage of third-party applications, and technological advancements, are also creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 12 Billion by 2027, expanding at a CAGR of 19.27% during 2022-2027.

Market Summary:

  • Based on the offering, the market has been bifurcated into solutions and services.
  • On the basis of the deployment mode, the market has been classified as cloud-based and on-premises.
  • The market has been segregated based on the operating system into iOS, Android, Windows, and others. 
  • Based on the end user, the market has been categorized into individual and enterprises.
  • On the basis of the vertical, the market has been divided into BFSI, telecom and IT, retail, healthcare, government & defense, manufacturing, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the market has also been examined, with some of the key players being Apple Inc., AT&T Inc., Broadcom Inc., Citrix Systems Inc., Google Inc., International Business Machines Corporation, Microsoft Corporation, Quick Heal Technologies Ltd., Trend Micro Incorporated, and Verizon Communication Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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