Global Mobile Security Market Size to Exceed USD 56.05 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Mobile Security Market Size Expected to Grow from USD 8.37 Billion in 2023 to USD 56.05 Billion by 2033, at a CAGR of 20.94% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Mobile Security Market Size, Share, and COVID-19 Impact Analysis, By Solution (Mobile Data Protection, Firewall, Data Encryption, Multi-Factor Authentication), By Operating System (iOS and MacOS, Android, Windows, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The industry focused on advanced cybersecurity solutions that use big data analytics, machine learning, and artificial intelligence to detect, analyze, and respond to security threats refers to the mobile security market. Such solutions protect organizations from cyberattacks, attacks on vulnerabilities, and enforcement of compliance with regulatory requirements. Mobile Security involves threat intelligence, behavior analytics, log management, and anomaly detection to enhance network security, endpoint protection, and cloud security. Moreover, mobile security is being influenced and driven by higher frequencies of complexities in cyberattacks, by rising adoption in the cloud, the Internet of Things, big data, increasing advanced threat detection with real-time security monitoring demands and requirements to adapt regulatory compliances and a growing need for proactivity to get security and a greater implementation of AI and ML to perform analysis. However, restraints in the mobile security market include high implementation costs, complexity in integrating analytics solutions, a shortage of skilled cybersecurity professionals, and challenges in managing vast amounts of security data and real-time analysis.
The mobile data protection segment accounted for the largest share of the global mobile security market in 2023 and is anticipated to grow at a significant CAGR during the projected period.
On the basis of the solution, the global mobile security market is divided into mobile data protection, firewall, data encryption, and multi-factor authentication. Among these, the mobile data protection segment accounted for the largest share of the global mobile security market in 2023 and is anticipated to grow at a significant CAGR during the projected period. With more reliance on mobile devices for sensitive transactions, personal data storage, and business activities, the demand for strong data protection solutions against breaches, theft, and unauthorized access has increased.
The Android segment accounted for a significant share of the global mobile security in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of operating systems, the global mobile security market is divided into iOS and MacOS, android, windows, and others. Among these, the Android segment accounted for a significant share of the global mobile security market in 2023 and is anticipated to grow at a rapid pace during the projected period. With its wide adoption globally, especially in emerging markets, Android devices are more vulnerable to cyberattacks, which drives demand for security solutions such as malware protection, encryption, and mobile threat defence.
North America is projected to hold the largest share of the global mobile security market over the forecast period.
North America is projected to hold the largest share of the global mobile security market over the projected period. High smartphone penetration, an advanced technological infrastructure, and a growing threat of mobile cyber threats raise demand for mobile security solutions in this region. Growing data privacy regulations, coupled with the increased adoption of mobile devices for business and financial transactions, further boost market growth in this region.
Asia Pacific is expected to grow at the fastest CAGR growth of the global mobile security market during the forecast period. The increasing smartphone adoption in the region, rapid digital transformation, and expanding e-commerce and mobile banking sectors create a need for enhanced mobile security solutions. Increasing cyber threats and government initiatives to bolster cybersecurity further fuel the growth of this market in the region.
Company Profiling
Major vendors in the global mobile security market are BETTER Mobile Security, Inc., BlackBerry Limited, Check Point Software Technologies Ltd, Coro Cybersecurity, CrowdStrike Holdings, Inc., ESET, s.r.o., F-Secure Corporation, International Business Machines Corporation, Kaspersky Lab, Inc., McAfee Corp., Microsoft Corporation, MobileIron, Inc., Samsung Electronics Co Ltd., Sophos, Trend Micro Inc. and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2023, Consumer electronics provider Samsung Electronics Co., Ltd. teamed with software technology provider Microsoft Corporation in order to bring enterprise mobile device security optimization to the modern workplace. With that, it produced the first solution for on-device attestation via mobile hardware backing that targets both company-owned and privately owned devices.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global mobile security market based on the below-mentioned segments:
Global Mobile Security Market, By Solutions
- Mobile Data Protection
- Firewall
- Data Encryption
- Multi-Factor Authentication
Global Mobile Security Market, By Operating System
- iOS and MacOS
- Android
- Windows
- Others
Global Mobile Security Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa