Mobile Device Security Global Market to Double Value in 5 Years

November 21, 2017

WELLESLEY, Mass., Nov 21, 2017 – As mobile devices have become ubiquitous, so have the threats to them, such as data loss, unauthorized access, data leaks and fraudulent transactions. Emerging software and hardware solutions are combatting these challenges, including antivirus and mobile malware detection, mobile device management, mobile security gateways and encrypted mobile data.

In a new report, Mobile Device Security: Global Markets to 2022, BCC Research estimates the mobile device security market will grow from $18.6 billion in 2017 to $37.0 billion in 2022 at a 14.7% CAGR. Two key market drivers are hindering possible solutions to enhancing mobile device security: the sheer number of mobile devices and their increasing technological complexity. By 2020, almost six billion mobile subscribers—or 72% of the world population—are predicted to use one or more devices. Also, the devices are becoming more sophisticated, equaling the production of an internet browser on a desktop or laptop system. 

Research Highlights

• Mobile device security is a race between the hackers on one hand, and the vendors and end-users on the other hand.
• Primarily, mobile device security is a software market. Once devices are released into the market, there is little that manufacturers can do to increase the security capabilities of the hardware.
• Software technology as a segment should double from $12.6 billion in 2017 to $25.6 billion by 2022, although hardware is expected to have a slightly higher growth rate of 16.2%.

“Security needs to be introduced in the design phase through both hardware and software solutions,” said Michael Sullivan, BCC Research senior editor. “Moreover, the security should be designed using IT and network models that are typical of endpoint clients, which will enable the IT department to apply consistent security strategies across the facility and remote device footprint. Market investments will come from all parts of the ecosystem, including payers, providers and device manufacturers. The goal is to implement layers of security solutions that enforce a coherent policy from the device central processing unit to the application software.”

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Mobile Device Security: Global Markets to 2022. (IFT146A)

Publish Date: Nov 2017    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: editorial@bccresearch.com as the source and publisher. Thank you.

Mobile Device Security: Global Markets to 2022( IFT146A )
Publish Date: Nov 2017    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.