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Pune, India, February 08, 2021 (GLOBE NEWSWIRE) – The size of the global mobile security market is set to gain momentum between 2020 and 2027 with a promising CAGR of 14.6%. This is due to factors such as the increasing adoption of advanced mobility solutions and increasing cyber attacks around the world. Fortune Business Insights publishes this information in its latest report, entitled Mobile security market Size, release and industry analysis, by component (solutions and services), by operating system (iOS and MacOS, Android, Windows and others), by vertical (BFSI, IT & Telecommunications, Healthcare, Manufacturing, Retail, Education, Government, Others ) and regional forecast, 2020-2027. ” The report also mentions that the market was valued at $ 34.94 billion in 2019 and is expected to reach $ 103.45 billion by 2027.

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The mobile security market primarily refers to the term that encompasses the security of user data of a mobile device. It also authenticates and protects private data stored on the connected devices such as smartphones, tablets and personal mobile devices. It also includes basic to advanced forms of security such as personal identification number (PIN), pattern locks, and fingerprint and eye readers. With the proliferation of smartphones around the world, the need for efficient security solutions for mobile devices to prevent incidents of malware and cyber attacks is growing.

What does the report contain?

The Mobile Security Market report presents a comprehensive study of various factors such as drivers, restraints, challenges, and opportunities that will influence the growth of the market in the coming years. The report delves into regional demographics that include qualitative and quantitative information about the regions further divided into countries that will contribute to the growth of the market between 2019-2026. In addition, the competitive landscape was discussed in depth, which includes information from several players active in the market. In addition, information has been included in the planned horizon about the companies’ adoption of strategies such as mergers and acquisitions, collaborations, partnerships and joint ventures that will drive the growth of the market.

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Driver and Restrictions:

Increasing acceptance of mobility solutions for companies to promote growth

Business mobility solutions ensure that organizations enable employees to use secure mobile devices. It is also about securing company data on employees’ mobile devices in order to prevent data theft and economic loss. In addition, the advent of technologies like the Internet of Things (ioT) and machine learning enables companies to promote corporate mobility among their employees. According to a report by Soti, Inc., approximately three-quarters of the US workforce is expected to be introduced to the mobility work environment in the coming years. Additionally, the increasing risk of cyberattacks and malware is expected to drive demand for the global mobile security market in the planned horizon.

Regional analysis:

North America remains at the forefront; Increasing acceptance of mobile security solutions for Augur growth

Among the regions, the North America market was valued at $ 10.38 billion and is expected to generate large revenues in the global mobile security market during the forecast period. This is due to factors such as the increased adoption of advanced mobile security solutions due to increasing cyber and malware incidents in the region. In the Asia-Pacific region, however, the forecast period should show significant growth. This is due to factors such as the massive development in the IT industry. In addition, special impulses from governments in countries such as India and China to strengthen the cyber world through the introduction of strict data protection regulations will contribute to market growth between 2020 and 2027.

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Competitive landscape:

V-Key collaboration with TONIK Digital Bank to support growth

Fortune Business Insights, with its quantitative and qualitative detailed analysis, states that the market is composed of several players trying to consolidate their position in the global mobile security market during the forecast period. The company’s adoption of strategies such as collaboration, merger and acquisition, and product launches will be a good sign of market growth. In May 2020, V-Key announced its collaboration with TONIK Digital Bank. According to the collaboration, V-key will protect the mobile banking platform of TONIK’s new customers in the Philippines. Greg Krasnov, CEO of TONIK, said on the sidelines: “We choose V-Key because of its history with large banks in the region whose security solutions have been tested and validated. In addition, their technology is protected by a global patent that has been proven to provide security and trust for customers. “

Industry development:

  • September 2019- F-Secure, a Finnish cybersecurity company, announced the launch of advisory services in eleven different locations on four continents around the world. According to the company, the main goal of the advisory services is to defend against cyberattacks for the company through the use of new technologies.

List of in the Mobile security market:

  • Microsoft Corporation (New Mexico, United States)
  • Google LLC (California, USA)
  • IBM Corporation (New York, USA)
  • Lookout, Inc. (California, USA)
  • Apple, Inc. (California, USA)
  • Kaspersky Lab (Moscow, Russia)
  • Intel Corporation (California, USA)
  • VMware, Inc. (California, USA)
  • AVG Technologies (Prague, Czech Republic)
  • Symantec Corporation (Arizona, USA)
  • F – Secure Corporation (Helsinki, Finland)
  • Oracle Corporation (California, USA)
  • NortonLifeLock, Inc. (Arizona, USA)
  • Zimperium (Texas, USA)
  • Giesecke + Devrient GmbH (Munich, Germany)

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Main table of contents

  • introduction
    • Definition according to segments
    • Research approach
    • sources
  • Summary
  • Market dynamics
    • Drivers, Limitations, and Opportunities
    • New trends
  • Important insights
    • Macro and microeconomic indicators
    • Effects of COVID-19
      • Short term effects
      • Long-term effect
    • Key Industry Developments – Responding to the Effects of COVID-19
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
  • Global Mobile Security Market Analysis, Insights, and Forecasts, 2016-2027
    • Main results / summary
    • Market size estimates and forecasts
      • By component (value)
        • solutions
          • Identity and access management
          • Data security and encryption
          • Cloud security
          • Network security
          • Endpoint security
          • Web security
          • Application security
        • Services
          • Professional services
          • Managed Services
      • By operating system (value)
        • iOS and macOS
        • Android
        • Windows
        • Others (Linux, Blackberry, etc.)
      • To vertical (value)
        • BFSI
        • IT & telecommunications
        • Health care
        • Manufacturing
        • retail trade
        • education
        • government
        • Others (transport, logistics, etc.)
      • By geography (value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

Table of contents continued…!

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Read press release https://www.fortunebusinessinsights.com/press-release/mobile-security-market-10033