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Mobile Security Market 

Mobile Security Market Size to Grow at a CAGR of 22.9% in the Forecast Period of 2032

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According to the report by Expert Market Research (EMR), the global mobile security market share reached a value of USD 4.39 billion in 2023. Aided by factors such as the rapid proliferation of mobile devices and increasing incidences of cyber threats, the market is projected to further grow at a CAGR of 22.6% between 2024 and 2032 to reach a value of USD 27.49 billion by 2032.

Mobile security involves protecting both personal and business information stored on and transmitted from smartphones, tablets, laptops, and other mobile devices. As the digital ecosystem becomes increasingly mobile-centric, the importance of mobile security solutions such as antivirus software, encryption, secure messaging, and data protection has become paramount.

The global smartphone adoption growth has increased the risk of cyber threats, making mobile security more crucial. There has been a significant rise in mobile threats, including malware, phishing attacks, and system vulnerabilities, urging consumers and enterprises to adopt mobile security solutions. Stricter regulations regarding data protection worldwide are compelling businesses to invest in robust security measures to protect sensitive information, consequently driving up the mobile security market share.

Throughout the historical period, enterprise end users have held a significant portion of the market, and this trend is expected to continue during the forecast period. The adoption of enterprise mobility is on the rise as companies recognise its benefits in supporting remote work and allowing the use of personal mobile and laptop devices for business purposes. This approach also leverages cloud technology for efficient data access. In order to ensure the security of documents and data files, corporate users are actively seeking solutions that provide protection while enabling seamless collaboration and productivity, leading to mobile security market development. Enterprise mobile security plays a crucial role in addressing data protection and risk management challenges in today’s modern workplace, where mobility and bring-your-own-device (BYOD) scenarios are increasingly prevalent. Furthermore, the introduction of 5G technology is expected to reshape the field of enterprise mobility, further fuelling mobile security market growth.

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North America currently leads the global market, supported by advanced IT infrastructure and a strong presence of key industry players. Europe follows, with stringent data protection regulations driving the adoption of security solutions. However, the Asia-Pacific region is expected to exhibit the highest growth rate due to the expanding mobile user base, increasing cyber threats, and growing awareness about mobile security. The surge in digital transaction applications and government initiatives to transition to digital systems has led to a rise in malware and phishing attacks targeting mobile devices. Consequently, there is a growing adoption of security solutions for portable devices by consumers and organisations alike, leading to mobile security market expansion.

Market Segmentation                            

The market can be divided based on the operating system, end user, and region.

Market Breakup by Operating System

  • Android
  • iOS
  • Others

Market Breakup by End User

  • Enterprises
  • Individuals

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global mobile security market. Some of the major players explored in the report by Expert Market Research are as follows:

  • Apple Inc.
  • BlackBerry Limited.
  • Microsoft Corporation
  • Google LLC
  • Samsung Electronics Co., Ltd.
  • IBM Corporation
  • Lookout, Inc.
  • Citrix Systems, Inc.
  • VMware, Inc.
  • McAfee, LLC
  • Gen Digital Inc.
  • Others

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FAQs

  1. What is mobile security and why is it important? Mobile security involves protecting personal and business information stored on and transmitted from mobile devices like smartphones, tablets, and laptops. It is crucial due to the increased risk of cyber threats that accompany the widespread adoption of mobile devices.
  2. What was the global mobile security market size in 2023? In 2023, the global mobile security market size was valued at USD 4.39 billion.
  3. What is the projected growth rate of the mobile security market between 2024 and 2032? The mobile security market is expected to grow at a compound annual growth rate (CAGR) of 22.6% from 2024 to 2032.
  4. What are the key drivers for the growth of the mobile security market? Key drivers include the rapid proliferation of mobile devices, increasing cyber threats, stricter data protection regulations, and the growing importance of mobile security solutions like antivirus software, encryption, and secure messaging.
  5. Which region currently leads the global mobile security market? North America currently leads the global mobile security market, supported by advanced IT infrastructure and a strong presence of key industry players.
  6. Which region is expected to exhibit the highest growth rate in the mobile security market? The Asia-Pacific region is expected to exhibit the highest growth rate due to its expanding mobile user base, increasing cyber threats, and growing awareness about mobile security.
  7. Who are the major players in the global mobile security market? Some major players include Apple Inc., BlackBerry Limited, Microsoft Corporation, Google LLC, Samsung Electronics Co., Ltd., IBM Corporation, Lookout, Inc., Citrix Systems, Inc., VMware, Inc., McAfee, LLC, and Gen Digital Inc.
  8. How are enterprises contributing to the growth of the mobile security market? Enterprises have significantly contributed to market growth by adopting enterprise mobility to support remote work and BYOD scenarios, increasing their investment in mobile security solutions to protect sensitive information and manage data protection and risk.
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