Mobile Security Market Trends, Price, Share, Size, Growth, Analysis, Report, Forecast 2023-2028

The ‘Global Mobile Security Market Price, Trends, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global mobile security market, assessing the market on the basis of its segments like operating system, end user, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Mobile Security Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): USD 3.57 billion
• Forecast CAGR (2023-2028): 22.90%
• Forecast Market Size (2028): USD 12.05 billion

Widespread adoption of mobile devices and increasing cyberthreats are the key factors driving the mobile security market growth. As more people worldwide use mobile devices and advancements in technology lead to robust mobile devices with vast capabilities, there is a growing threat of cyberattacks. The increasing prevalence of cyberthreats such as data breaches, malware, and phishing are heightening the importance of adequate mobile security to protect sensitive information. The growing usage of mobile devices for mobile payments and financial transactions is surging the demand for mobile security to prevent fraud and identity theft. Rising awareness regarding the protection of mobile devices is further bolstering the mobile security market expansion.

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Enterprises are a significant end user of mobile security, fuelled by the increasing importance of protecting data in the workplace. As more enterprises and companies adopt Bring Your Own Device (BYOD) policies to facilitate increased convenience and remote working, the importance of mobile security is rising. Utilising personal mobile devices for work tasks outside of the network area of the organisation poses potential risks to corporate data, leading to more companies investing in mobile security. With the reliance of companies and enterprises on technology continuing to rise, the demand for the mobile security market is expected to surge in coming years.

Mobile Security Industry Definition and Major Segments

Mobile security is a type of specialised cybersecurity that provides protection to mobile devices such as smartphones, laptops, and tablets. It secures the data present on the devices and networks that the devices connect to, safeguarding against various cyberthreats. Depending upon the mobile device and desired level of protection, mobile security options can vary.

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Based on operating system, the market is divided into:

• Android
• iOS
• Others

On the basis of end user, the market is bifurcated into:

• Enterprises
• Individuals

By region, the market is categorised into:

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

Mobile Security Market Trends

Increasing integration of advanced technologies such as artificial intelligence and machine learning in mobile security applications is among the key trends influencing the mobile security market. These technologies offer enhanced protection capabilities and the ability to improve and revise security protocols as per changing needs. More smartphone manufacturers are integrating mobile security into their devices, to provide ready-to-use security features to individuals.

According to operating system, android devices account for a sizable share of the market for mobile security, due to their extensive usage across devices. The adaptive nature of android operating systems, ease of operation, and its preferred usage by a sizable population of users, is further increasing the demand for mobile security in android devices.

The rising popularity of Internet of Things (IoT) is another crucial trend in the mobile security market. IoT networks are being implemented in various environments, including homes, industrial, and commercial. With a centralised management system and numerous interconnected devices and sensors, adequate security is essential, leading to a growing demand for mobile security.

Regionally, North America occupies a substantial share of the global market for mobile security, fuelled by increasing spending towards mobile security by companies in the region. Amidst increasing cyberthreats and widespread usage of technology in sensitive industries, mobile security is being extensively implemented in sectors such as finance, healthcare, defence, and government.

Key Market Players

The major players in the global mobile security market report are:

  • 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

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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