The mobile security global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mobile Security Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The mobile security market size has grown exponentially in recent years. It will grow from $6.68 billion in 2023 to $8.10 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to rise in mobile device usage, growing threat landscape, stringent regulations, increased it complexities, rise in tablets and other portable devices.
The mobile security market size is expected to see exponential growth in the next few years. It will grow to $17.48 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to increasing mobile usage, advancements in technology, driving demand for secure mobile payment solutions and technologies. Major trends in the forecast period include rise in mobile malware, expansion of mobile threat defense (MTD) solutions, focus on privacy and compliance.
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Scope Of Mobile Security Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mobile Security Market Overview
Market Drivers –
The increasing sophistication of cyber threats is expected to propel the growth of the mobile security market going forward. A cyber threat is a malicious act that seeks to damage data, steal data, or disrupt digital life in general, including a wide range of attacks such as data breaches, computer viruses, denial of service, and numerous other attack vectors. Mobile security solutions can detect and remove malware, including viruses, spyware, and ransomware, which can compromise sensitive data and disrupt device functionality. For instance, according to the 2022 Data Breach Report published by the Identity Theft Resource Center, a US-based non-profit organization, the number of data breach incidents reported increased by 68% in 2022, with 1,862 breaches reported compared to 1,108 breaches in 2021. Therefore, the increasing sophistication of cyber threats is driving the growth of the mobile security market.
Market Trends –
Major companies operating in the mobile security market are developing innovative technologies, such as mobile security platforms, to gain a competitive edge in the market. A mobile security platform is a comprehensive set of tools and services designed to protect mobile devices, such as smartphones, tablets, and laptops, from cyber threats. For instance, in April 2023, Zimperium Inc., a US-based mobile security company, launched the Mobile-First Security platform for threat detection visibility and response for endpoints and apps. It is a unified platform that combines capabilities across mobile threat defense (MTD) and mobile app security (MAPS), providing centralized management and access to device and app security through a single interface on any cloud and on-premises. The platform is designed to protect mobile devices and applications from evolving threats and risks, a critical aspect of mobile security. It includes advanced in-app protection to prevent reverse engineering, protect cryptographic keys, and create self-defending apps.
The mobile security market covered in this report is segmented –
1) By Component: Identity And Access Management, Data Security And Encryption, Cloud Security, Network Security, Endpoint Security, Web Security, Application Security
2) By Service: Professional Services, Managed Services
3) By Operating System: iPhone Operating System (iOS) And Macintosh Operating System (MacOS), Android, Windows, Other Operating Systems
4) By End-Use: Banking, Financial Services and Insurance (BFSI), Retail, Information Technology (IT) And Telecommunication (Telecom), Healthcare, Manufacturing, Government And Defense, Other End-Uses
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Regional Insights –
North America was the largest region in the mobile security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mobile security market are Apple Inc., Samsung Electronics Co Ltd., Microsoft Corporation, Intel Corporation, International Business Machines Corporation, MobileIron Inc., Oracle Coorperation, VMware LLC, Gen Digital Inc., Check Point Software Technologies Ltd., Trend Micro Inc., CrowdStrike Holdings Inc., BlackBerry Limited, Avast Software s.r.o, AirPatrol Corporation, Kaspersky Lab Inc., Sophos Ltd., Coro Cybersecurity, AVG Technologies, Better Mobile Security Inc., ESET s.r.o.
Table of Contents
1. Executive Summary
2. Mobile Security Market Report Structure
3. Mobile Security Market Trends And Strategies
4. Mobile Security Market – Macro Economic Scenario
5. Global Mobile Security Market Size and Growth
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32. Global Mobile Security Market Competitive Benchmarking
33. Global Mobile Security Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile Security Market
35. Mobile Security Market Future Outlook and Potential Analysis
36. Appendix
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