Market Highlights
The proliferation of the concept of e-commerce and its subsequent adoption is estimated to create increased prospects for the mobile security market 2020.The information and communications technology industry reports are put forth by Market Research Future, which concentrates on market options for progress. A revenue potential of USD 48.85 billion is seen in the market due to the 29.55 % CAGR in the forecast period.
The escalated use of cloud technology in deploying e-commerce tools is estimated to increase the mobile security market size. Also, the growing implementation of two-factor authentication is projected to motivate the mobile device security market as well. The rise in diligence for ensuring data protection is likely to advance the mobile security market in the impending period.
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Segmentation:
The segment-based review of the mobile security market is carried out on the basis of deployment, operating system, solution, end-user, and region. On the basis of the solution, the mobile security market comprises of mobile application management, data encryption, mobile data protection, multi-factor authentication, and firewall. On the basis of the operating system, the mobile security market is segmented into blackberry, iOS, android, windows and others. The end-user segment of the mobile security market consists of financial institutions, telecom and IT, education, individual users, retail, government, manufacturing and automotive and others. Based on the deployment, the mobile security market is divided into the cloud and on-premises. On the basis of region, the mobile security market is segmented into North America, Europe, Asia-Pacific and the other regions of the world.
Detailed Regional Analysis
The region-based scrutiny of the mobile security market includes regions such as North America, Europe, Asia Pacific and the other regions of the world. The North American region is followed by the European region in terms of the growth seen in the regions. The domination of the North American region is secured due to the presence of countries such as the US, Canada, the UK, France, and Germany are among the initial adopters of advanced technologies. Furthermore, the region also comprises of key mobile security software sellers and service suppliers. The Asia-Pacific region in the mobile security market is projected to be the fastest increasing region in the forecast period due to the increasing acceptance of mobile security software by enterprises and SMEs in this region. Similarly, the high focus of consumer electronics manufacturers and IT hubs in this region is estimated to drive the development of the mobile security market. Additionally, the regions of Latin America and the MEA are anticipated to display noteworthy growth throughout the forecast period.
Competitive Analysis
The market is likely to draw in the current developments in the market. The competitors in the market are also backing the development of the international market but investing in the enhancement of products. The administration policies are likely to create an atmosphere of productive progress in the forecast period. The foresight of market shareholders is anticipated to improve upon the growth indicators for the market. The augmentation in production prospective is estimated to produce an improved product range in the global market. The access to the distinguished target markets is projected to permit the market contestants to advance the impulse essential for victory in the estimated period. The appropriate understanding of user requirements is likely to permit the market competitors to harness market demands effectively. The formation of better raw material sources is predicted to improve sales and general consumer approval in the market.
The players recognized in the mobile security market are Microsoft Corporation (US), Apple Inc. (US), Google Inc. (US), AVG Technologies (Netherlands), IBM Corporation (US), Symantec Corporation (US), Intel security group (US), Kaspersky Lab (Russia), AT&T Inc. (US), and Verizon Communication Inc. (US) among others.
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Global Mobile Security Market Research Report, Solution (Multi-Factor Authentication, Data Encryption), Deployment (Cloud, On-premises), Operating System (iOS, Blackberry, Android), End-User (Individual Users, Financial Institutions) - Forecast till 2023
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