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Global Mobile Security Market Size to Grow at a CAGR of 19.4% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

February 11, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Feb 11, 2020--

The “Mobile Security Market by End User (Individual and Enterprise (Solution (Authentication, Application Security, & Device Security), Service, Deployment Mode, Organization Size, Vertical), Operating System (iOS & Android), & Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The global mobile security market size is expected to grow from USD 3.0 billion in 2019 to USD 7.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period.

The increasing number of mobile phone subscriptions around the world and the increasing number of mobile threats and breaches are some of the factors that are driving the demand for mobile security, while the use of free mobile security solutions is restricting the growth of the global mobile security market.

Enterprise services segment to grow at a higher CAGR during the forecast period.

By component, the mobile security services industry is segmented into enterprise solutions and enterprise services. The enterprise services segment is expected to grow at a higher CAGR during the forecast period. Many mobile security solution providers also offer solutions to enterprises to implement and maintain their security systems up-to-date.

Even when mobile security solutions are deployed in the organizations, maintenance and testing of those solutions are very essential to ensure the security of the mobile devices. Enterprises opt for various services, such as smartphone reviews, mobile application security tests, and MDM solution tests, to ensure the security of their mobile devices. Based on services, the global mobile security market is segmented into managed services and professional services. Professional services are further segmented into training and consulting, integration and implementation, and support and maintenance.

Cloud deployment to grow at a higher CAGR during the forecast period.

Though a large number of organizations are using on-premises solutions, many enterprises are adopting cloud-based mobile security solutions due to various benefits offered by the cloud-based deployment. The reduced cost, reduced complexity, and enhanced user experience are some of the key benefits of deploying cloud-based security solutions.

Cloud-based security solutions enable enterprises to quickly and easily provision new mobile devices and to centralize policy management. It also requires less initial investment as compared to traditional on-premises software. Though there are significant benefits of using cloud-based software, enterprises need to take into consideration various issues related to the cloud-based deployment, such as traffic communicated with the cloud needs to pass through secure tunnel and latency introduced by the cloud service.

Asia Pacific to grow at the highest CAGR during the forecast period.

APAC is home to various developing economies, and a mobile subscription landscape in APAC is changing rapidly. According to the report The Mobile Economy Asia Pacific 2019, published by GSMA, mobile technologies and services generated 5.3% of GDP across APAC, in 2018. The report also stated that at the end of 2018, 1.9 billion people across APAC were connected to the mobile internet with the addition of 200 million new subscribers as compared to its earlier year.

Security spending in the APAC region is increasing significantly due to the ever-growing threat landscape. APAC comprises emerging economies, such as India, China, Australia, Hong Kong, and Japan. Countries across this region are flooded with a large number of SMEs, which account for the employment of more than 70% of the population.

Key Benefits of Buying the Report

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Competitive Leadership Mapping Methodology

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Mobile Security Market

4.2 Market By End User, 2019 vs 2024

4.3 Market By Enterprise Solution, 2019 vs 2024

4.4 Market By Enterprise Service, 2019 vs 2024

4.5 Market By Professional Service, 2019 Vs. 2024

4.6 Market By Operating System, 2019

4.7 Market By Enterprise Deployment Mode, 2019

4.8 Market By Organization Size, 2019 Vs. 2024

4.9 Market By Enterprise Vertical, 2017-2024

4.10 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Mobile Attack Vectors

5.4 Use Cases

5.5 Regulations

6 Mobile Security Market, By End User

6.1 Introduction

6.2 Individual User

6.3 Enterprise

7 Mobile Security Market, By Operating System

7.1 Introduction

7.2 iOS

7.3 Android

7.4 Others

8 Mobile Security Market, By Enterprise Solution

8.1 Introduction

8.2 Authentication

8.3 Mobile Application Security

8.4 Mobile Data Protection

8.5 Web Protection

8.6 Mobile Device Security

8.7 Other Solutions

9 Mobile Security Market, By Enterprise Service

9.1 Introduction

9.2 Professional Services

9.3 Managed Services

10 Mobile Security Market, By Enterprise Deployment Mode

10.1 Introduction

10.2 Cloud

10.3 On-Premises

11 Mobile Security Market, By Organization Size

11.1 Introduction

11.2 Small and Medium-Sized Enterprises

11.3 Large Enterprises

12 Mobile Security Market, By Enterprise Vertical

12.1 Introduction

12.2 Banking, Financial Services, and Insurance

12.3 Telecommunications and IT

12.4 Retail and Ecommerce

12.5 Healthcare and Life Sciences

12.6 Government and Defense

12.7 Manufacturing

12.8 Other Enterprise Verticals

13 Mobile Security Market, By Region

13.1 Introduction

13.2 North America

13.3 Europe

13.4 Asia Pacific

13.5 Middle East and Africa

13.6 Latin America

14 Competitive Landscape

14.1 Introduction

14.2 Competitive Leadership Mapping

14.3 Strength of Product Portfolio (25 Players)

14.4 Business Strategy Excellence (25 Players)

14.5 Ranking of Key Players in the Mobile Security Market, 2019

15 Company Profiles

15.1 Introduction

15.2 Microsoft

15.3 IBM

15.4 Symantec

15.5 Trend Micro

15.6 Sophos

15.7 McAfee

15.8 Kaspersky Lab

15.9 ESET

15.10 VMware

15.11 Samsung

15.12 CrowdStrike

15.13 BlackBerry

15.14 Citrix Systems

15.15 Mobileiron

15.16 Quick Heal Technologies

15.17 Panda Security

15.18 F-Secure

15.19 Fortinet

15.20 Check Point

15.21 Amtel

15.22 Bitdefender

15.23 Codeproof

15.24 Webroot

15.25 Keeper Security

15.26 OneSpan

15.27 Right-To-Win

For more information about this report visit https://www.researchandmarkets.com/r/u63nvj

View source version on businesswire.com:https://www.businesswire.com/news/home/20200211005833/en/

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KEYWORD:

INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY SECURITY

SOURCE: Research and Markets

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PUB: 02/11/2020 12:11 PM/DISC: 02/11/2020 12:11 PM

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