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Mobile Security Market worth 5.75 Billion by 2019


The report "Mobile Security Market by Software (Mobile Identity Management, Mobile Data Protection, MDM, Mobile VPN, and MAM), Service (Implementation, Training and Support, Consulting, and Managed Services), Deployment Type, Vertical, and Region - Global Forecast to 2019", The mobile security market size is expected to grow from USD 1.50 Billion in 2014 to USD 5.75 Billion by 2019, at a Compound Annual Growth Rate (CAGR) of 30.7%.

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Browse 67 market data tables and 50 figures spread through 150 pages and in-depth TOC on "Mobile Security Market by Software (Mobile Identity Management, Mobile Data Protection, MDM, Mobile VPN, and MAM), Service (Implementation, Training and Support, Consulting, and Managed Services), Deployment Type, Vertical, and Region - Global Forecast to 2019"
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The mobile security software and services help offer protection in the mobile environment from advanced threats and risks, such as malwares, viruses, network spoofing, phishing, unsecure connection of devices to public networks, and ineffective corporate data security policies. Moreover, the increasing demand from Small and Medium-Sized Enterprises (SMEs) operating across diverse industry verticals and regions is expected to drive the market growth during the forecast period.

The mobile Virtual Private Network (VPN) segment to play a key role in the mobile security market

The mobile VPN segment is projected to grow at the highest CAGR during the forecast period. The proliferation of mobile devices, Bring Your Own Device (BYOD) and Internet of Things (IoT) trends, and the advanced mobile threats across enterprises has increased the need for advanced mobile security software. The rise in vulnerability on mobile applications in the Banking, Financial Services, and Insurance (BFSI), healthcare, government, and telecom sectors are expected to trigger the growth of the mobile security market.

The mobile data protection segment is expected to have the largest market share and dominate the mobile security market from 2014 to 2019, as mobile data protection software offers advanced protection of data, along with timely generation alerts and compliance reports.

The BFSI industry vertical is expected to contribute the largest market share in the mobile security market

The BFSI industry vertical is expected to contribute the largest market share from 2014 to 2019 in the mobile security market, due to the increase in instances of cyber-attacks in the mobile environments within BFSI organizations. The healthcare industry vertical is expected to grow at the highest CAGR from 2014 to 2019 in the mobile security market, due to the technological proliferation of healthcare applications and increased instances of data thefts in the mobile environment in healthcare. Adoption of mobile security software brings advanced protection from threats, without affecting the operational efficiency, thus driving the demand.

North America is expected to contribute the largest market share, whereas Asia Pacific (APAC) is expected to grow at the highest CAGR

North America is expected to have the largest market share and dominate the mobile security market from 2014 to 2019, due to the presence of a large number of mobile security software vendors and early innovative technology adopters across the US and Canada. APAC offers potential growth opportunities in the mobile security market, as there is a wide presence of Bring Your Own Device (BYOD) trend in APAC and because Small and Medium-Sized Enterprises (SMEs) are turning toward mobile security software to efficiently safeguard their mobile environment, particularly in developing countries, such as India, China, and Singapore.

The major vendors in the mobile security market include Apple Inc. (US), Intel Security (McAfee) (U.S.), Symantec Corporation (US), VMware, Inc. (US), Microsoft Corporation (US), F-Secure Corporation (Finland), Citrix Systems, Inc. (US), Trend Micro, Inc. (Japan), AVG Technologies (Netherlands), and Sophos Ltd (UK).

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