Mobile Security Market to Surpass 22.1 Billion by 2030 Drives Due to Rapid Mobile Device Proliferation

SkyQuest projects that the mobile security market will attain a USD 22.1 billion value by 2030, with a CAGR of 21.1% over the forecast period (2023-2030). The exponential growth of smartphones and tablets intensifies the need for robust mobile security solutions, safeguarding sensitive data from an expanding array of cyber threats, including malware, data breaches, and phishing attacks.

Westford,USA, Oct. 18, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, "Bring Your Own Device" trend in workplaces amplifies the demand for mobile security, as employees access company resources from personal devices. Effective security measures are required to ensure data integrity and prevent unauthorized access.

Browse in-depth TOC on the "Mobile Security Market"

  • Pages - 270
  • Tables - 96
  • Figures – 76

The surge in mobile payment services necessitates heightened security protocols to protect financial transactions and personal information, fostering the development of secure payment gateways and encryption technologies in the mobile security market.

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Prominent Players in the Mobile Security Market

  • Trend Micro
  • Sophos
  • Symantec Corporation
  • McAfee, LLC
  • Kaspersky Lab
  • Lookout Inc.
  • Check Point Software Technologies Ltd.
  • F-Secure Corporation
  • AVG Technologies
  • Avast Software
  • ESET
  • Bitdefender
  • NortonLifeLock Inc.
  • Malwarebytes Corporation
  • Webroot Inc.
  • BlackBerry Limited
  • Zimperium Inc.
  • MobileIron Inc.
  • Wandera Ltd.
  • Appthority, Inc.

Solutions Segment is Expected to Grow the Market Due toInnovations

Solutions in the mobile security sector are rapidly evolving to counteract the ever-changing landscape of threats. Innovations include advanced authentication methods, encryption tools, secure app development frameworks, and secure communication platforms. As businesses and individuals seek comprehensive protection, the solutions segment experiences swift growth, driven by escalating demand for robust safeguards.

The Asia Pacific region leads the mobile security market due to its expansive smartphone user base and growing digital economy. Robust demand for data protection, coupled with increasing mobile malware incidents, drives the adoption of advanced security solutions, fostering market growth in this region.

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Services Segment is Expected to Dominate the Market Due to Security Services

In the mobile security market, services play a dominant role, encompassing offerings like threat detection, risk assessment, consultancy, and managed security services. These services cater to diverse industries, addressing evolving security challenges and ensuring continuous monitoring and response to emerging threats, thereby enhancing overall cybersecurity posture.

Regional markets in North America demonstrates rapid mobile security market growth owing to its technologically advanced landscape. The region's focus on data privacy compliance, coupled with significant mobile app usage, fuels the demand for innovative security solutions. Stringent regulations and high awareness further contribute to the market's swift expansion.

A comprehensive analysis of the major players in the mobile security market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.

Key Developments in the Mobile Security Market

  • In June 2023, Google launched Android Privacy Dashboard, a tool that provides users with insights into how their data is being accessed by apps, contributing to improved transparency and control over mobile privacy.
  • In August 2023, Fortinet partnered with Samsung to integrate Fortinet's mobile security solutions into Samsung Knox, delivering advanced protection against mobile threats for Samsung device users.

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Key Questions Answered in Mobile Security Market Report

  • What specific growth drivers are projected to impact the market during the forecast period?
  • List the top companies in the market and explain how they have achieved their positions of influence.
  • In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?

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