Global Mobile Security Market to Reach US$ 22.4 Billion by 2032, Stimulated by Increasing Concerns Regarding Network Security

July 11, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Mobile Security Market Report by Offering (Solutions, Services), Deployment Mode (Cloud-based, On-premises), Operating System (IOS, Android, Windows, and Others), End User (Individual, Enterprises), Vertical (BFSI, Telecom and IT, Retail, Healthcare, Government & Defense, Manufacturing, and Others), and Region 2024-2032,” the global mobile security market size reached US$ 6.0 Billion in 2023. Mobile security refers to the protection of mobile devices, such as tablets and smartphones, from numerous threats and vulnerabilities. It encompasses a wide range of measures designed to safeguard the integrity, confidentiality, and availability of information stored on or transmitted through mobile devices. It involves providing protection against threats, including malware, data breaches, unauthorized access, and device theft or loss. Additionally, it aids in educating users about best practices, such as avoiding suspicious links or downloads and using secure networks. It involves the usage of various practices and technologies, such as strong device authentication, encryption of data in transit and at rest, secure app development and distribution, regular software updates, and robust access controls. With the widespread adoption of mobile devices and the increasing dependency on them for personal and professional activities, mobile security has become a crucial concern for individuals and organizations.

Global Mobile Security Market Trends:

The increasing concerns regarding network security are driving the global market. Moreover, the emergence of sophisticated malware, ransomware, and phishing attacks targeting mobile platforms is catalyzing the demand for mobile security solutions that can effectively combat these threats. Apart from this, the growing trend of bringing your own device (BYOD), where employees use their personal devices for work purposes, is supporting the growth of the market. Additionally, the rising trend of remote work and the need for mobile access to corporate resources have expanded the attack surface for cyber threats. This is augmenting the market as mobile security solutions enable secure remote access, data encryption, and secure communication channels, ensuring the protection of sensitive business information. The market is further driven by the rising implications of the governments and regulatory bodies worldwide to safeguard sensitive data and ensure regulatory compliance. Moreover, ongoing advancements in technologies, such as artificial intelligence (AI), machine learning (ML), and behavioral analytics are creating a positive market outlook as these technologies enable real-time threat detection, anomaly detection, and predictive analysis, empowering organizations to proactively mitigate risks. Looking forward, the market value is projected to reach US$ 22.4 Billion by 2032, expanding at a CAGR of 15.3% during 2024-2032.

Market Summary:

  • Based on the offering, the market has been segmented into solutions and services.
  • On the basis of the deployment mode, the market has been divided into cloud-based and on-premises.
  • Based on the operating system, the market has been bifurcated into IOS, android, windows, and others.
  • On the basis of the end user, the market has been divided into individuals and enterprises.
  • Based on the vertical, the market has been segmented 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 the 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 and Verizon Communication Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Offering, Deployment Mode, Operating System, End User, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Apple Inc., AT&T Inc., Broadcom Inc., Citrix Systems Inc., Google Inc., International Business Machines Corporation, Microsoft Corporation, Quick Heal Technologies Ltd., Trend Micro and Verizon Communication Inc.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Mobile Security Market to Reach US$ 22.4 Billion by 2032, Stimulated by Increasing Concerns Regarding Network Security
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