San Francisco, 14 May 2024: The Report Mobile Security Market Size, Share & Trends Analysis Report By Component, By Solutions, By Services, By Operating System, By Deployment, By Enterprise Size By End-use, By Region, And Segment Forecasts, 2024 - 2030
The global mobile security market size is anticipated to reach USD 30.80 billion by 2030 and it is projected to grow at a CAGR of 20.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in the adoption of smartphones, tablets, laptops, and other portable devices both for personal and professional to use is a key factor driving the market. Further, the rise in the bring-your-own-device (BYOD) trend among enterprises has increased security challenges both for the organization and employees. As a result, the adoption of mobile unified endpoint security products that include firewall tools, antivirus & malware protection solutions, organization size security solutions, and mobile device management solutions increased among businesses.
The market continues to grow with the evolving mobile device landscape and secured mobile operating system (OS) patches. Currently, mobile OS are increasingly embedding security patches and tools to reduce the download of third-party vulnerable apps. Furthermore, the increase in mobile malware attacks from third-party ads is the other factor that is responsible for the mobile security market growth.
Increasing access to third-party mobile apps and websites expose security challenges to businesses. The rise in trend for bring-your-own-device (BYOD) practices in corporations and government organizations allow employees to use their mobile devices to download third-party apps to improve productivity. These third-party apps is more vulnerable and offer a weak link in an enterprise security ecosystem. Which, in turn, allows threat actors to break into the company network space easily and impacts business productivity. Furthermore, organizations often outsource their secondary activities such as mobile marketing and mobile transaction processing to third parties, which impose a high risk of data breaches. As a result, organizations adopt mobile security solutions to secure their development projects and third-party breaches. Thus, driving mobile security market growth.
An increase in mobile security breaches, data thefts, malware attacks, and phishing attacks continues to rise with the growing number of portable or mobile devices. Further, growing stringency in regulations, and increasing IT complexities in business environments also drive the demand for mobile security solutions and services.
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Moreover, sophisticated cyberattacks from organized and skilled groups are growing. The threat actors are increasingly targeting consumers and businesses of all sizes by taking advantage of their vulnerabilities in mobile device infrastructures, solutions, and online services.
Mobile Security Market Report Highlights
- Based on the component, the services segment is anticipated to register a fastest CAGR during the forecast period in smart infrastructure market. This mobile security service segment ensures the mobile security software functions properly throughout the entire process
- Based on the solution, the data security and encryption segment is expected to grow at a significant CAGR in the forecast period. The data and mobile device security is more crucial due to the rise in remote work. Therefore, it's critical to confirm the encryption status of the device and provide proof of compliance
- Based on the services, the managed services segment is anticipated to register a fastest CAGR from during the forecast period. The managed services for mobile devices provide users the flexibility they need to be more productive without compromising mobile security
- Based on the operating system, the iOS segment is anticipated to register a fastest CAGR during the forecast period. The iOS is in demand in developed countries and is starting to pick up steam in developing countries. Due to the high brand value of phones like iPhones, consumers in emerging markets are becoming more willing to spend more money on them due to better security features. Thus, driving the market growth of the segment
- Based on the deployment, the cloud segment is anticipated to register the fastest CAGR from during the forecast period. The cloud mobile security is a set of guidelines, protocols, and controls that helps businesses protect apps and data in shared cloud environments. Thus, cloud-based mobile security solutions are being used by modern businesses
- Based on the enterprise size, the small & medium enterprises segment is anticipated to register a fastest CAGR from over the forecast period. Cyberattacks in the small and medium-sized enterprises are becoming more frequent. As a result of the quick adoption of new technologies and the increase in hybrid work, end users in the small and medium-sized business sectors are observed to be investing in application security applications
- Based on the end-use, the BFSI segment is anticipated to register a fastest CAGR from over the forecast period. Mobile security solutions find security threats in applications to protect them from threats and vulnerabilities. Mobile security solutions adhere to laws like the Federal Information Security Management Act (FISMA), Sarbanes-Oxley (SOX), and PCI Security Standards Council (PCI SSC). Thus, driving the market growth of the segment
- The Asia Pacific region is expected to grow at a fastest CAGR in the forecast period. The market for mobile security is led by the Asia Pacific region because of the region's large smartphone user base and developing digital economy. The adoption of advanced security solutions is fueled by a strong demand for data protection and an increase in mobile malware incidents, which in turn is driving market growth in this region
- In August 2023, Protectt.ai, mobile security application provider, launched a new version of AppProtectt, a mobile app security platform (XDR). The new feature is anticipated to enable more comprehensive threat detection and response, potentially providing RunTime mobile app security. It is anticipated that the updated AppProtectt XDR Platform version will offer complete fraud control, regulatory compliance, mobile app security, and a live threat dashboard to safeguard users
Unified Endpoint Management (UEM) and Mobile Device Management (MDM) systems are seamlessly integrated by with mobile security solutions in a decentralized, zero-touch process that saves time. The integration of mobile security solutions ensures the device is protected. For instance, in June 2023, Check Point Software Technologies Ltd., a mobile security hardware and software products provider, partnered with a Everyphone, an all-in-one mobile device service provider, to provide advanced threat prevention for corporate smartphones. Check Point Harmony Mobile, a Mobile Threat Defense (MTD) solution that offers comprehensive defense against a range of cyber threats, would be integrated into Ever phone’s DaaS offering through the partnership. Hence, market players are collaborating to introduce new products and services, thus, driving the market growth of the segment.
Businesses are streamlining administration and security with a solitary, user-friendly interface. For a variety of industries, including government employees, healthcare providers, transportation and logistics firms, and retailers, this has reduced total cost of ownership (TCO) and increased return on investment (ROI). For instance, in December 2023, Honeywell International Inc., a mobile security solution provider, partnered with SOTI Inc., mobile security provider, to support companies in protecting sensitive data and improving operational efficiency.
Furthermore, due to the collaboration between SOTI's mobility management solutions and Honeywell's mobile computers, allowing for remote monitoring, diagnosis, and repair, businesses may be able to outlive traditional hardware lifecycles. The SOTI ONE Platform protects corporate data on mobile devices while streamlining software installations, enhancing data security, and providing seamless integration with enterprise IT systems. Introduction of these products and services is expected to drive market demand.
List of Key Players in the Mobile Security Market
- 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
Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
Mar 12, 2020: The global Filters market size is expected to reach USD 110.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Radiant Insights, Inc.
Rapid technological advancements coupled with growing demand for filtration for industrial, commercial, and household purposes is anticipated to drive the market.Presence of stringent regulatory framework, which stipulates lowering of the exhaust emissions, is anticipated to boost the product demand in the automotive industry.
In addition, increasing investments towards the installation of high-quality filters in the cars for cabin air filtration by the automobile manufacturers is anticipated to benefit market growth over the forecast period.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/filters-market/request-sampleGrowing population, depletion of water resources, and contamination of ground and surface water has resulted in an increased adoption of water treatment processes to improve the water quality.
In addition, rapid industrialization in developing economies such as Asia Pacific is anticipated to further result in shortage of potable water, which is likely to promote the demand for water filtration systems.Major market players such as Affinia Group Intermediate focus on integrated third party production/distribution and supply directly to end-use companies.
Further key findings from the report suggest:The ICE filters segment accounted for USD 32.9 billion in 2019 and is projected to witness strong growth over the forecast period on account of growing production of automobiles and rising spending power among people across the globeThe motor vehicle application segment is anticipated to reach USD 55.9 billion in 2027 owing to growing demand for vehicles coupled with rising environmental awareness across the globeThe filters market in Europe is projected to witness a CAGR of 3.7% from 2020 to 2027 and reach USD 25.2 billion in 2027 due to the implementation of stringent regulations by government authorities to control the emission level from automobiles and industrial exhaust emissions in the regionThe market in Asia Pacific accounted for USD 32.1 billion in 2019 and is estimated to grow at a CAGR of 6.4% over the forecast period.
Filters Market - Porter’s Analysis3.10.1 Supplier Power3.10.2 Buyer Power3.10.3 Substitution Threat3.10.4 Threat from New Entrant3.10.5 Competitive Rivalry3.11 Filters Market - PESTEL Analysis3.11.1 Political Landscape3.11.2 Environmental Landscape3.11.3 Social Landscape3.11.4 Technology Landscape3.11.5 Economic LandscapeContinued………….
Granted, there were other fitness trackers even before that, but this one has created a religion out of the sport and health care, adding gamification elements to stimulate the formation of the habit.
According to the report by Grand View Research, Inc., the global mHealth market is growing at CAGR of 44.2% and is expected to reach 111.8 billion US dollars by 2025.
The demand, as we see, is growing from year to year, thus a fitness app could be a good idea for a startup.
If you have never outsourced fitness app development or any other kind of software development before, here are a few aspects we’ll talk about in this article:
Features that should be included in a fitness app
How to hire fitness app developers
