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Mobile Security Market 2020: Global Trends & Regional Analysis Research Report

Author: John Williams
by John Williams
Posted: Jul 04, 2020
united states

The global mobile security market size was USD 34.94 billion in 2019 and is projected to reach USD 103.45 billion by 2027.

Enterprise mobility solutions ensure that organizations enable employees to adopt secure mobile devices. In addition to this, it involves securing corporate data present in the mobile devices of the employees to prevent data theft and economic loss. Furthermore, the emergence of technologies such as the internet of things (IoT) and machine learning is enabling enterprises to promote enterprise mobility among its employees.

Among the regions, the market in North America was worth USD 10.38 billion and is expected to gain major global mobile security market revenue during the forecast period. This is ascribable to factors such as the increasing adoption of advanced mobile security solutions owing to the rise in cyber attack and malware incidents in the region. Asia-Pacific, on the other hand, is likely to witness significant growth during the forecast period. This is attributable to factors such as massive development in the IT industry. Furthermore, special impetus by the governments in countries such as India and China on fortifying cyber world by establishing stringent data security regulations will contribute to the market growth between 2020 and 2027.

Growing malware and cyberattacks have led companies in the U.S. to adopt advanced security platforms. The U.S is expected to dominate this market share in North America by adopting enterprise mobility and mobile security solutions. The growing attacks on the healthcare sector anticipated deployment of security solutions across North America.

Industry Development:

November 2019- Google LLC and Zimperium partnered for ensuring the safety of applications present on the google play store. Zimperium patented machine learning-based Z9 technology will be used to detect and stop harmful applications on google play store. The partnership is expected to protect google play store users from application malware attacks.

September 2019- F-Secure, a Finnish cybersecurity firm, announced its launch of consultancy services across 11 different locations spread across four continents of the world. According to the company, the primary aim of their consultancy services is to defend cyber-attacks for the organization by adopting emerging technologies.

List of the Companies Operating in the Market:

  • Microsoft Corporation (New Mexico, United States)
  • Google LLC (California, United States)
  • IBM Corporation (New York, United States)
  • Lookout, Inc. (California, United States)
  • Apple, Inc. (California, United States)
  • Kaspersky Lab (Moscow, Russia)
  • Intel Corporation (California, United States)
  • VMware, Inc. (California, United States)
  • AVG Technologies (Prague, Czech Republic)
  • Symantec Corporation (Arizona, United States)
  • F – Secure Corporation (Helsinki, Finland)

About Us:

Fortune Business Insights™ goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Author: John Williams

John Williams

Member since: Jun 28, 2020
Published articles: 6

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