USD 6.16 billion
Mobile Security Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Operating System(iOS, macOS, roid, Windows), By Vertical(BFSI, IT & Telecom, Healthcare, Manufacturing), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2065 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|Tables:
96
|Figures:
76
Mobile Security Market Insights
Mobile Security Market size was valued at USD 6.16 billion in 2019 and is poised to grow from USD 14.4 billion in 2023 to USD 22.1 billion by 2031, growing at a CAGR of 21.1% in the forecast period (2024-2031).
The increasing adoption of smartphones across the globe is improving the demand for mobile security in the market. According to SkyQuest analysis, nearly 63% of the world’s population uses the internet. The trend is likely to continue over the coming years, resulting in a growing number of data breaches and cyberattacks. mobile security solutions are extensively used to protect the data in these devices through cyberattacks. Hence, end-users are increasing the adoption of mobile security solutions and services worldwide. Further, implementation of mobile security solutions such as mobile threat management, enterprise, data security and encryption, and others are gaining immense traction. On account of this, end-users such as the BFSI sector, manufacturing companies, and IT giants are increasing the adoption of mobile security solutions. Subsequently, the advent of e-commerce platforms and growing online mobile transactions are pushing sales in the mobile security market. The unprecedented outbreak of COVID-19 further pushed the demand for these solutions as the preference for digital payments surged. Hence, to protect the data and to improve the efficiency of these solutions as well as mobile payment-based applications, the adoption of these mobile security solutions and services increased.
The proliferation of work from home and remote operations in retail and other industries facilitated the adoption and the trend is likely to continue over the upcoming decade. To capitalize on this surging trend, key players are focusing on introducing advanced solutions compatible with android as well as iOS users. For instance, in July 2021, Adaptive Mobile Security, unveiled its new trio of interconnected 5G security platforms to protect against the external and internal security threats to the 5G infrastructure. A slew of such developments is expected to boost the Mobile Security Market through 2022 & beyond.
US Mobile Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solutions
Fastest Growth
Services
Growth Rate
21.1% CAGR
Global Mobile Security Market , 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Mobile Security Market Segmental Analysis
The Global Mobile security market is segmented based on component, operating system, industry vertical, and region. Based on component, the Mobile Security Market is further bifurcated into solutions and services. Based on the operating system, the Mobile Security Market is segmented into iOS and macOS, android, windows, and others. Based on verticals, the mobile security market is segmented into BFSI, IT & telecom, healthcare, manufacturing, retail, education, government, and others. Based on the region Mobile Security Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Mobile Security Market Analysis by Components
Based on components, the solution segment is expected to hold the largest Mobile Security Market share in the global mobile security market. With the increasing number of cyberattacks and data breaches, especially in IT & telecommunication and BFSI industries, end-users are adopting mobile security solutions such as network security solutions and others. Further, favorable government initiatives and regulations to reduce the cyberattacks on mobile devices are pushing the adoption of network security solutions and data security & encryption.
Mobile Security Market Analysis by Operating System
Based on Operating System, the iOS and macOS segments, collectively, are expected to dominate the mobile security market. However, the high cost associated with these operating systems might hamper the growth in the segment. As per the study, with an increasing number of android users, the demand for mobile security solutions is expected to surge for android operating systems. As Windows OS and Android operating systems are easily available and cost-effective, the android segment is projected to witness the fastest growth over the forecast year.
Global Mobile Security Market By Components , 2021(%)
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Mobile Security Market Regional Insights
According to the study, Asia Pacific is expected to emerge as the largest and fastest-growing region over the forecast period. Growth is primarily attributed to the expansion of manufacturing, healthcare, and IT & telecom sectors in India and China. As per the data of the India Brief Equity Foundation (IBEF), India is considered to have one of the largest manufacturing and IT telecom sectors across the globe. With ongoing developments in these sectors, the number of data breaches is surging. On account of this, the demand for mobile security is expected to increase in the Asia Pacific. Further, the study opines, that North America is projected to be the most remunerative mobile security market. The presence of leading companies and growing adoption of mobile security solutions in healthcare and IT & telecom sectors will boost the market. With an increasing number of data collected in these industries and the need for high-quality real-time data, the demand for mobile security solutions such as managed services, access management, and others will aid the growth in the market.
Global Mobile Security Market By Geography, 2021 - 2028
- Largest
- Fastest
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Mobile Security Market Dynamics
Mobile Security Market Driver
- To support corporate mobility, businesses are offering to bring your device (BYOD) services. BYOD refers to the ability of employees to bring their own mobile devices to work, such as laptops, smartphones, and tablets. Furthermore, BYOD provides mobile device connectivity via a secure network. The primary motivators for BYOD adoption are increased productivity and employee satisfaction. Unauthorized data access, data leakage/loss, and malware attacks, among other issues, are major concerns for organizations when implementing BYOD. As a result, the growing demand for improved data privacy and security, as well as network security, is expected to drive the adoption of mobile device security solutions. Furthermore, businesses are concerned with the privacy and security of mobile devices, as well as network infrastructure.
Mobile Security Market Restraint
- Billions of smartphone users use their smartphones or tablets to access a wide range of applications. Many users are unaware of the source from which they download applications, as well as their privacy policies. Many people visit untrusted websites on laptops or mobile devices while downloading insecure apps, making these devices more vulnerable to cyberattacks. The market's growth is being hampered by a lack of awareness about mobile device threats and security solutions.
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Mobile Security Market Competitive Landscape
Leading players operating in the global mobile security market are focusing on developing advanced and cost-effective solutions to capitalize on the growing opportunity in developing regions. Some of the players are collaborating with end-users to increase their revenue and gain a competitive edge. Meanwhile, some of the incumbents are adopting inorganic growth strategies such as partnerships and collaborations with regional players to expand their product portfolio and customer base.
Mobile Security Market Top Player's Company Profiles
- 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.
Mobile Security Market Recent Developments
- In May 2022, Google announced new additions to its products at I/O 2022. Along with all these, the company also announced new security features provides more safer for internet browsing and online shopping.
- In May 2022, PIXM announced the launch of PIXM Mobile, a new anti-phishing tool that protects consumers and businesses from targeted and unknown phishing assaults on mobile devices.
- In January 2022, Allot Ltd., a leading provider of innovative network intelligence and security solutions announced the launch of Allot Network Secure cybersecurity solution to protect the company’s mobile users against a wide range of cyber-attacks and to provide parental controls.
Mobile Security Key Market Trends
- The major factors accelerating the market's growth are an increase in online mobile payment and an increase in security needs as a result of the implementation of BOYD in workplaces. Moreover, the increased demand for video streaming content protection fuels the growth of the mobile security market. The high cost of mobile security solutions and the complexity of designing embedded security solutions could affect the Mobile Security Market growth. Furthermore, the market is expected to benefit from the increased use of machine learning and artificial intelligence in mobile security applications.
- The Covid-19 pandemic has compelled organizations to review their business continuity plans and assess their remote working readiness. Working in remote areas creates an additional weak point in the security ecosystem because employees tend to connect networks via public Wi-Fi. Furthermore, the Covid19 outbreak would force people to stay at home for an extended period, influencing organizations to adopt security solutions for mobile endpoints.
Mobile Security Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
As per our analysis, the rising use of mobile devices such as cell phones, laptops, and portable Universal Serial Bus (USB) memory sticks is raising network security problems. This, together with the rising Bring Your Own Device (BYOD) trend and the growing popularity of the Internet of Things (IoT), is one of the primary causes driving up demand for mobile security solutions to restrict access to important corporate data.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 6.16 billion |
| Market size value in 2031 | USD 22.1 billion |
| Growth Rate | 21.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mobile Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mobile Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mobile Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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