Mobile Security Market Size, Trends, Share and Growth Forecast till 2027
                     Market Synopsis  
As per the analysis by Market Research Future Reports (MRFR), the global worldwide mobile 
security market is estimated to grow from USD 10.50 billion in 2017 to USD 48.85 billion by 
2023 at a CAGR of 29.55% during the review period.  
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The essential factor booming the Mobile Security Market 2020 is the increasing concern of 
protecting data on enterprise mobile devices. The rise in the usage of mobile phones for 
banking and e-commerce has made it crucial for the deployment of security software in mobile 
devices. The need to adhere to security parameters and to increase the adoption of two-factor 
authentication are some other crucial factors bringing an impact on the growth of the market. 
The rising adoption of cloud-based technology is likely to propel the market during the review 
period. The increasing penetration of smartphones has motivated may regional, global, and 
local companies to develop mobile security software. The growing trend of Bring Your Own 
Device (BYOD) has propelled the market exponentially. However, increasing cyber-attacks is the 
biggest hurdle faced by the developers of security solutions. Moreover, pirated and free mobile 
security can be procured easily, which hampers the growth of the market.  
Regional Analysis  
The geographical analysis of Europe, America, Asia-Pacific, and the Rest of the World (ROW) has 
been performed. North America is reigning the worldwide Mobile Security Market Size. The 
North American market acquires the maximum market share. The second position is attained 
by Europe since the developed countries like Germany, U.S, France, UK, and Canada are the 
quick adopters of innovative technologies. Moreover, the European region consists of 
significant, established mobile security software vendors and service providers. The Asia Pacific 
region is anticipated to be the fastest expanding region due to the establishment of consumer 
electronics manufacturers and I.T. hubs. Moreover, the increasing adoption of mobile security 
software by SMEs and enterprises in the APAC region is an additional essential factor in 
expanding the market. The MEA and Latin American markets are anticipated to exhibit 
significant growth during the review period. 
Market Segmentation  
The Mobile Security Industry is classified on the basis of end-user, operating system, solution, 
deployment, and region. 
On the basis of end-user, the market is segregated into retail, individual users, and financial 
institutions.  
On the operating system, the market is segregated into windows, iOS, android, blackberry, and 
others. 
On the basis of the solution, the market is segregated into the firewall, multi-factor 
authentication, mobile data protection, data encryption, and mobile application management. 
On the basis of deployment, the market is segregated into on-premises and cloud. 
On the basis of region, the market is segregated into Europe, America, Asia-Pacific, and the Rest 
of the World (RoW). 
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Industry News 
Apple iPads and iPhones are vulnerable to hacking through the mail app because of a flaw in its 
email software. As per the study, two vulnerabilities were found in the mail app, which would 
have allowed the hackers to steal data for years. The issue came into notice while a cyber-
attack was being investigated. 
Key Players 
 The forefront players of the global worldwide mobile security market are Honeywell 
International Inc. (U.S.), IBM Corporation (U.S.), ABB Ltd (Switzerland), Schneider Electric 
(France), Cisco Systems, Dell In, Rockwell Automation (U.S.), Bayshore Networks (U.S.), 
Symantec Corporation (U.S.), Kaspersky Labs (Russia), Microsoft Corporation (U.S.), IBM 
Corporation (U.S.), Google Inc. (U.S.), AVG Technologies (Netherlands), Kaspersky Lab (Russia), 
Intel security group (U.S.), Apple Inc. (U.S.), Verizon Communication Inc. (U.S.), AT&T Inc. (U.S.), 
and a few more. 
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