Mobile Security Software Industry, COVID – 19 Analysis, Business Trends, Global Research Report, Demographic Segmentation, Segments by Forecast 2027
Market Scenario:
The global Mobile
Security Software Industry is likely to touch USD 29,427 million at a 14.1% CAGR in the forecast
period 2020- 2027, according to the latest Market Research Future (MRFR)
analysis. Mobile security software includes the protection of smart devices
against accidental loss, online identity theft, hacker attacks, spyware,
viruses, unauthorized access, data theft, and malware. The software also helps
in blocking unwanted messages and calls and detects and deletes malicious apps
which may act as a threat to user privacy.
Various
factors are fuelling the global phone security software market share. As per
the recent MRFR market estimates, such factors include the increasing
sophistication of cyber-attacks in mobile devices, growing trend of BYOD in
different companies, rising adoption of enterprise mobility solutions, rise in
mobile phone subscriptions, rise in online mobile payment, increase in the need
to offer protection to video streaming content, growth in the use of artificial
intelligence and machine learning in mobile security application, growing
adoption of mobile banking and m-commerce, growing instances of theft of
confidential financial data, and emergence of mobile security as a
service.
On the
contrary, complexity in designing embedded security solution and high cost of
mobile security solution may impede the global mobile security software market
growth in the forecast period.
In a nutshell, COVID-19 impact on
managed services has been fruitful, with the market growth enhanced than
before. Given the prevalent lockdown situation, managed services vendors are
now investing heavily in remote-centric worker solutions, which can make the
market highly resilient in the coming years, even as the world is currently
rushing to achieve a COVID-19 breakthrough.
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Competitive
Outlook:
The prominent players
profiled in the global mobile security software market report include Sophos
Group PLC (UK), AVG Technologies (Czech Republic), Citrix Systems, Inc. (US),
F-Secure Corporation (Finland), Microsoft Corporation (US), VMware, Inc. (US),
Symantec Corporation (US), Kaspersky Lab (Russia), Intel Security (US),
and Apple Inc. (US), among others.
Segmentation:
The
MRFR report throws light on an inclusive segmental analysis of the global
mobile security software market based on type.
By
type, the global mobile security software market is segmented into mobile
virtual private networks, email spam blocking, mobile device security mobile
security as a service, mobile identity management, and mobile data security. Of
these, the mobile device security segment will lead the market over the
forecast period. It is likely to grow at a 10.2% CAGR by 2027. These security
devices help in protecting every mobile device including tablets, notebooks,
and smartphones from cyberattacks. It helps to block malware and other forms of
advanced threats like unauthorized network accessibility on different mobile devices.
It is done through cloud-based software which has the capability to effectively
perform inspection and malware analysis on such devices.
Regional
Analysis:
By
region, the global mobile security software market covers the recent trends and
growth opportunity across Europe, China, India, Japan, South America, North
America, and the Middle East and Africa (MEA). Of these, North America will
command the market over the forecast period. Increasing number of mobile
employees, growing trend of BYOD in businesses, and growing incidence of
cyber-attacks are adding to the global mobile security software market growth
in the region.
In
Europe, the global mobile security software market is predicted to hold the
second-largest share over the forecast period. Proliferation of mobile
workforce, workforce transformation in France, the Netherlands, Germany, and
Italy, and the adoption of flexible workplace policy are adding to the global
mobile security software market growth in the region.
In
India, the global mobile security software market is predicted to grow at the
highest CAGR over the forecast period. Increasing adoption of mobile security
applications, increasing mobile workforce, growing dependence on personal
devices for work, and adoption of flexible workplace policy are adding to the
global mobile security software market growth in the region.
Industry News
March 2021- With an aim
to protect mobile devices against war fighters, the Defence Innovation Unit of
Pentagon is readying to ramp up mobile security. It is coming up with a mobile
threat application which will analyze for issues on Defense Department-issued
devices and shares findings in the cloud. DOD should safeguard mobile devices
against attacks like malicious risky apps, phishing, network attacks, and
operating system exploitation.
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Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
Continued….
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