What Fueled The Previous Growth In The Mobile Security Market?
The mobile security market has seen considerable growth due to a variety of factors.
• The scale of the mobile security market has seen substantial growth in the past few years. The expected growth is from $8.1 billion in 2024 to $9.85 billion in 2025, implying a Compound Annual Growth Rate (CAGR) of 21.6%.
The notable expansion during the previous period was due to higher mobile device utilization, an expanding danger landscape, stricter rules, heightened IT difficulties, and an increase in tablets and other mobile devices.
How Does the Forecast Look for the Mobile Security Market?
The mobile security market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of mobile security is projected to witness massive expansion in the coming years, reaching $21.22 billion in 2029 with a compound annual growth rate (CAGR) of 21.2%.
The surge in growth during the forecast period can be linked to the escalating use of mobile devices, technological progression, and the growing need for secure mobile payment solutions and technologies. Key trends to watch in the forecast period include an increase in mobile malware, the proliferation of mobile threat defense (MTD) solutions, and an emphasis on privacy and compliance.
What Are The Leading Drivers Of Growth In The Mobile Security Market?
The rise in sophistication of cyber threats is anticipated to stimulate the expansion of the mobile security market. Cyber threats, which are malicious activities intending to harm or steal data, or generally disrupt digital activities, are becoming more nuanced. These threats come in various forms such as data breaches, computer viruses, denial of service, and myriad other attack vectors. Mobile security solutions can identify and eliminate malware, inclusive of viruses, spyware, and ransomware that can threaten sensitive data and interfere with device operations. For example, the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, a federal agency in Australia, reported in November 2023 that nearly 94,000 cybercrimes were reported to ReportCyber during the 2022-23 financial year, a 23% rise on the previous year. This implies a report being filed every six minutes on average. The augmentation in the sophistication of cyber threats is thus a driving force for the expansion of the mobile security market.
How Are The Segments Defined Within The Global Mobile Security Market?
The mobile security market covered in this report is segmented –
1) By Component: Identity And Access Management, Data Security And Encryption, Cloud Security, Network Security, Endpoint Security, Web Security, Application Security
2) By Service: Professional Services, Managed Services
3) By Operating System: iPhone Operating System (iOS) And Macintosh Operating System (MacOS), Android, Windows, Other Operating Systems
4) By End-Use: Banking, Financial Services And Insurance (BFSI), Retail, Information Technology (IT) And Telecommunication (Telecom), Healthcare, Manufacturing, Government And Defense, Other End-Uses
Subsegments:
1) By Identity And Access Management (IAM): Authentication Solutions, Single Sign-On (SSO), Multi-Factor Authentication (MFA), Identity Governance And Administration
2) By Data Security And Encryption: Data Loss Prevention (DLP), Mobile Data Encryption, Secure Data Storage, Mobile Backup And Recovery
3) By Cloud Security: Cloud Access Security Brokers (CASB), Cloud Data Protection, Cloud Security Posture Management (CSPM), Cloud Encryption And Key Management
4) By Network Security: Mobile VPN (Virtual Private Network), Secure Wi-Fi Connectivity, Mobile Threat Defense (MTD), Intrusion Detection And Prevention Systems (IDPS)
5) By Endpoint Security: Mobile Device Management (MDM), Mobile Application Management (MAM), Anti-malware And Anti-virus Solutions, Device Tracking And Remote Wipe
6) By Web Security: Secure Web Gateways (SWG), Mobile Web Application Firewalls, URL Filtering And Web Filtering, Mobile Phishing Protection
7) By Application Security: Mobile App Security Testing, Secure Software Development Lifecycle (SDLC), App Hardening And Code Protection, Runtime Application Self-Protection (RASP)
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How Are Emerging Trends Reshaping The Dynamics Of The Mobile Security Market?
Leading firms in the mobile security market are innovating with technologies like mobile security platforms to carve out a competitive advantage. Mobile security platforms provide a comprehensive suite of tools and services to fortify mobile devices like smartphones, tablets, and laptops against cyber-attacks. For example, in April 2023, US-based organization Zimperium Inc., renowned for its work in mobile security, introduced its Mobile-First Security platform. This platform focuses on threat detection visibility and response for apps and endpoints and merges functionalities of mobile threat defense (MTD) and mobile app security (MAPS). It offers a centralized control and access to device and app security through a single, accessible interface usable on any cloud or on-premises. The platform aims to shield mobile devices and applications from the escalating threats and risks, a vital aspect of mobile security, by incorporating superior in-app protection to thwart reverse engineering, safeguard cryptographic keys, and enable the development of self-defending apps.
Who Are the Key Players In The Mobile Security Market?
Major companies operating in the mobile security market are:
• Apple Inc.
• Samsung Electronics Co Ltd.
• Microsoft Corporation
• Intel Corporation
• International Business Machines Corporation
• MobileIron Inc.
• Oracle Coorperation
• VMware LLC
• Gen Digital Inc.
• Check Point Software Technologies Ltd.
• Trend Micro Inc.
• CrowdStrike Holdings Inc.
• BlackBerry Limited
• Avast Software s.r.o
• AirPatrol Corporation
• Kaspersky Lab Inc.
• Sophos Ltd.
• Coro Cybersecurity
• AVG Technologies
• Better Mobile Security Inc.
• ESET s.r.o.
What Is The Most Dominant Region In The Mobile Security Market?
North America was the largest region in the mobile security market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
