Mobile Security Market

Global Mobile Security Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing consumption of mobile devices, such as smartphones, laptops and rise in online mobile payment and the upsurge in security requirements arising from the adoption of bring your own devices (BYOD) are some of the major factors driving the growth of Global Mobile Security Market.

Global Mobile Security Market is valued at USD 3559.4 Million in 2020 and expected to reach USD 12170.7 Million by 2027 with the CAGR of 19.2% over the forecast period.

Scope of Global Mobile Security Market Report

Mobile security, or more exclusively the security of mobile devices, is the safety of tablets, smartphones, and laptops from dangers related to wireless computing. It has become progressively more crucial in mobile computing. Progressively more users and companies use smartphones and mobile phones to connect, but also to plan and manage their work of users and personal life. Within firms and companies, these technologies are triggering profound shifts in the association of data systems and consequently, they have developed the source of different hazards, risks. All smartphones are ideal targets of attacks. This is since these tools have pictures of pets, family photos, passwords, and more. These items are a digital passport to retrieve the whole thing they would require understanding regarding a person for attackers.

Mobile security mentions to processes commenced for safeguarding sensitive information stored and transferred by mobile devices via personal identification numbers (PINs), passwords, and pattern screen locks. It presents endpoint protection, email security, a virtual private network (VPN), cloud access security broker (CASB), secure web gateway, and enterprise mobile management (EMM) platform varying on the obligations of the user. This brief history began in June 2004, when a group of licensed virus writers known as 29A produced the first virus for smartphones.

The novel coronavirus, COVID-19, has produced an extraordinary effect on all the businesses. While some industries are suffering substantial loss due to the lockdown declared by the federal governments worldwide, mobile security is considered in digital sectors which avoids the risks regarding getting affected by Covid-19. Thus, coronavirus has shown a positive impact on the mobile security market throughout the world.

Global Mobile Security Market Segmentation:

The global mobile security market is segmented on the basis on offering, deployment mode, operating system, end user, vertical, and region & country level. Based on offering, the mobile security market is classified as solutions and services. Based on deployment mode, the market is categorized as cloud-based and on-premises. Based on operating system, the mobile security market is categorized as IOS, android, windows, and others. Based on end user, the mobile security market is divided as individual and enterprises. Based on vertical, the market is categorized as BFSI, telecom and IT, retail, healthcare, government & defense, manufacturing, and others.

By Offering:

• Solution
• Services

By Deployment Mode:

• Cloud
• On-premises

By Operating System:

• IOS
• Android
• Windows
• Others

By End User:

• Individual
• Enterprises

 By Vertical:

• BFSI
• Telecom and IT
• Retail
• Healthcare
• Government & Defense
• Manufacturing
• Others

The regions covered in mobile security market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of mobile security market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Mobile Security Market Report.

Global Mobile Security Companies are

• Nortech Systems Inc.
• Tecomet Inc.
• Celestica Inc.
• Heraeus Holding
• Flextronics International Ltd.
• Integer Holdings Corporation
• Plexus Corp.
• West Pharmaceutical Services Inc.
• Sanmina Corporation
• and others.

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Increasing Consumption of Mobile Devices, such as Smartphones, Laptops and Rise in Online Mobile Payment and the Upsurge in Security Requirements Arising from the Adoption of Bring Your Own Devices (BYOD) are Some of the Major Factors Driving the Market Growth

The increasing consumption of mobile devices, such as smartphones, and laptops are a rising concern for network security which is likely to supplement the demand for mobile security solutions. The penetration of smartphones is growing all over the world. For instance; the percentage of smartphone users in the United States is around 81.6%, in the United Kingdom it's about 78.9%, the percentage of smartphone users in Germany is approximately 77.9% in 2020.

Likewise, around 277 million laptops are predicted to be shipped, with almost 160 million tablet units shipped in 2021. By 2025, laptop shipments are estimated to fall marginally to 272 million. Several people are using shopping apps, online payment, and many other apps on their smartphones, which highly need to be secure first. As the number of smartphone penetration is increasing consumption of mobile devices, such as smartphones, and laptops are propelling the growth of the mobile security market worldwide in the future.

In addition, the rising adoption of online mobile payment and the upsurge in security requirements arising from the adoption of bring your own device (BYOD) in workplaces area also fostering the growth of the global mobile security market. For instance; according to an analysis organized on digital payments in India in 2020, about 79 percent of the households utilized certain kinds of third-party digital payment apps, like google pay, Paytm, and PhonePe. On the other hand, over 52 percent of the families were utilizing the central bank-supported Unified Payments Interface (UPI) platform in 2020. While using online mobile payment, the confidentiality of the data stored in mobile phones should be protected and mobile security improves the protection of such data. Mobile security also enhances the reliability of mobile devices.

However, the elevated cost of mobile security solutions and difficulty in designing implanted security solutions may restrict the growth of the mobile security market. In spite of that, growth in the management of machine knowledge and artificial intelligence in mobile security applications may offer productive opportunities for the further growth of the global mobile security market.

North America is Expected to Dominated the growth of the Global Mobile Security Market

On a geographic basis, North America is expected to dominate the global mobile security market owing to the increase in expenditure on information security solutions amongst enterprises. For instance; the U.S. Department of Homeland Security (DHS), along with some federal agencies such as the Cybersecurity and Infrastructure Security Agency (CIST) and Science and Technology Directorate (S&T), developed novel standards and mobile security R&D plans to remediate safety gaps in mobile networks communications in April 2019.

Similarly, soaring global e-commerce transactions are additional factors propelling the mobile security market demand. According to US Commerce Department, consumers expended about USD 517.36 billion online along with U.S. merchants in 2018, up to 15% from USD 449.88 billion spent in the previous year. This trend is likely to persist and give an increase to mobile payment security software solutions.

The Asia Pacific is projected to become the fastest-growing market for mobile security owing to growing online mobile gaming, increasing adoption of IoT services and rising number of internet users in this region. China is facing significant growth in the implementation of mobile applications that facilitate customers to contact emails, along with enabling mobile banking.

For instance; there are around 1.5 million online video games in the Asia Pacific. India has 130 online games sites whereas Indonesia has 28, and Japan has 8 online mobile game sites. Within the Asia Pacific region, Japan, China, and South Korea are leading the gaming markets in online gaming sites. Mobile security is playing a vital role in online gaming platforms. With growing mobile gaming pursuits, antiviruses safeguarding these applications will be further established.

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 3559.4 Million
Base year considered	2020
Forecast Period CAGR %:	19.2%
Market Size Expected in 2027:	USD 12170.7 Million
Tables, Charts & Figures:	175
Pages	190
Key Players/Companies	Nortech Systems, Inc., Tecomet, Inc., Celestica Inc., Heraeus Holding, Flextronics International Ltd., Integer Holdings Corporation, Plexus Corp., West Pharmaceutical Services, Inc., Sanmina Corporation, and others.
Segments Covered	By Offering, By Deployment Mode, By Operating System, By End User, By Vertical
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Mobile Security Market Report.

• Global Mobile Security Report covers in depth historical and forecast analysis.
• Global Mobile Security Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Mobile Security Market report helps to identify opportunities in marketplace.
• Global Mobile Security Market report covers extensive analysis of emerging trends and competitive landscape.