Mobile Security (mSecurity), sometimes referred as wireless security is basically a service that offers end to end protection from threats and vulnerabilities associated with wireless computing to all moveable devices including smartphones, laptops, tablets, portable computing devices along with the networks they get connected to. Mobile devices today, have become inseparable part of our lives making the communication more convenient and making online content downloading and sharing easier. Owing to the consumerization culture, mobile computing has evolved beyond imagination.
As the connectivity, functionality and flexibility increases the security risk becomes unavailable. Market proliferation of mobile devices coupled with the rising incidents of Mobile Malware, SMS Spam, Cyber ??Applications, illegal taping of voice call, phishing and SMS phishing/smishing etc. are dictating the demand for mSecurity more than ever. Owing to all these factors, the market of Mobile Security is booming & gaining prominence on the global platform.
Accrediting the exponential growth the market is capturing and determining the galore accruals the market will experience in the future, Market Research Future (MRFR), has recently published a brilliant study report giving out the potential growth prospects of the Market. MRFR, in its analysis foretells that the global Mobile Security Market will perceive an outstanding growth by 2022, registering a fabulous CAGR during the anticipated period (2017 – 2022).
In addition, other prominent factors and trends propelling the market growth include, growing usages of smartphones and various apps, and rising data security threats such as cyber-attacks among others. Moreover, Mobile phones today, are performing all the functions that a PC/ Laptop can, including data sharing, money translation, etc. at the same speed with the convenience of mobility.
Emerging innovations in the mobile industry are prompting the advancements in mobile networks that generate more than 86 Exabyte of traffic annually. The enormous data transfer coupled with the increasingly integrated virus operating system (OS) platforms such as Android Mobile is presenting various security hazards. Cyber threats are on the rise intimidating consumers, mobile network operators and entrepreneurs, worldwide.
While the factors mentioned above add on to the market growth, factors such as technology limitation, lack of awareness about technical threats via internet are inhibiting the market expansion. Growing mobile security concerns have paved the way to the emerging market like mobile securities, which led to significant investment in integrated security equipment and activity offering security gateways to mobile network operators.
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For the convenience of the report and enhanced understanding; the market can be segmented in to four dynamics.
By Methods : Comprises Containerized Deployment, Multi-Factor Authentication, Software and Data Encryption and other.
By Application : Healthcare, Consumer Electronics, Telecommunication, Aerospace & Defence, Education & Government, Banking & Finance and others.
By Threat Type : Eavesdropping, Mobile Malware, Unauthorized Access, Unlicensed Application and Theft & Loss, etc.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Mobile Security Market – Geographical Analysis
North-America dominates the Global Mobile Security Market with the largest market share accounting for a greater revenue pocket. The region is further expected to grow over its previous growth records by 2022.
Owing to the rising IT technology and growing population which is increasing the demand for secured smartphones and tablets; Asia-Pacific market for the Mobile Security is expected to grow at a substantial CAGR during 2017 to 2022.
While, the European market for Mobile Security is expected to grow at a considerable CAGR during the review period (2017-2022).
The Market appears to be highly competitive & fragmented owing to the various dynamic and diversified, international & domestic organizations along with the new entrants forming a competitive landscape. These players are investing on internal R&D and, most of all in technology and research and development activities bringing novelties to their already existing products. These players strive to possess state of art R&D labs and strong sales and distribution network which can help them to gain leadership position in the market. Marketers from Mobile Security Equipment industry are focusing on inbound lead generation more than ever than branding-oriented efforts.
Industry/ Innovation/ Related News
March 19, 2018 – BlackBerry Ltd. (Canada) & Microsoft Corporation (US) announced partnering together launched BlackBerry Enterprise Bridge solution that seamlessly secures native Microsoft mobile apps. With Bridge, Microsoft products within Office 365 will be available for users
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Global Mobile Security Market Research Report, Solution (Multi-Factor Authentication, Data Encryption), Deployment (Cloud, On-premises), Operating System (iOS, Blackberry, Android), End-User (Individual Users, Financial Institutions) — Forecast till 2023
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