Mobile Security Market on Track for $19.5 Billion Milestone by 2029
Meticulous Research®—a leading global market
research company, published a research report titled, ‘Mobile Security Market by Component (Solution, Services),
Operating System (Android, iOS), Deployment Mode (On-premise, Cloud-based), End
User (BFSI, Telecom, Retail) and Geography- Global Forecasts
to 2029.’
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Meticulous Research® has published a new report projecting
significant growth in the global mobile security market. The market is expected
to grow at a Compound Annual Growth Rate (CAGR) of 21.7% from 2022 to 2029,
reaching a valuation of $19.5 billion by the end of the forecast period. This
rapid expansion is fueled by the increasing number of smartphone users and
mobile phone subscriptions, as well as the rising use of third-party
applications. Additionally, the growing demand for cloud-based solutions is
anticipated to create substantial growth opportunities. However, the widespread
availability of open-source and free security solutions may pose a challenge to
market growth.
The global mobile security market is segmented by component,
operating system, deployment mode, and end user, with detailed analyses of
industry competitors and market dynamics at both regional and country levels.
By component, the market is divided into solutions and services.
The solutions segment is expected to dominate the market in 2022, driven by
increasing concerns about data security and privacy on mobile devices, and it
is projected to exhibit the highest CAGR throughout the forecast period.
For the operating system, the market includes Android, iOS, and
others. The Android segment is projected to hold the largest share in 2022, due
to the widespread use of Android-enabled mobile devices for critical functions
such as e-commerce and banking, and it is anticipated to register the highest
CAGR going forward.
The deployment mode segment includes on-premise and cloud-based
deployment. In 2022, the cloud-based deployment mode is expected to command a
larger market share and witness the strongest growth, attributed to the rising
demand for Bring Your Own Device (BYOD) services and increased adoption of
cloud computing across enterprises.
In terms of end users, the market is divided into enterprises and
individuals. Enterprises are expected to lead the market in 2022 due to the
growing demand for BYOD in work environments. Meanwhile, the individual segment
is projected to witness the highest CAGR during the forecast period.
Geographically, Asia-Pacific is set to lead the global mobile
security market in 2022, driven by the increased adoption of mobile security
software by SMEs and enterprises and a growing demand for wireless security
solutions. The region is also forecasted to experience the fastest growth.
Key players in the market, such as Trend Micro Incorporated, Armis,
Inc., and AT&T, Inc., are highlighted for their innovative offerings and
strategic initiatives that are shaping the mobile security landscape.
About Meticulous
Research®:
Meticulous Research® was founded
in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a
private limited company under the Companies Act, 1956. Since its incorporation,
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North America, Europe, Asia-Pacific, Latin America, and the Middle East &
Africa.
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