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.’
Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5403?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=05-07-2024
In its latest report, Meticulous Research® reveals projections that the global mobile security market is set for a remarkable growth trajectory, with a CAGR of 21.7% from 2022 to 2029, reaching a valuation of $19.5 billion by the end of the forecast period. This surge is primarily driven by the growing population of smartphone users and mobile phone subscriptions, along with the increasing use of third-party applications. Additionally, the rising demand for cloud-based solutions is expected to unlock significant growth opportunities. However, the proliferation of open-source and free security solutions may somewhat impede market expansion.
The global mobile security market is segmented by component, operating system, deployment mode, and end user, with a comprehensive analysis extending to industry competitors and market dynamics at both country and regional levels
By component, the market is divided into solutions and services. In 2022, the solutions segment is predicted to dominate the market due to increasing concerns regarding data security and privacy in mobile devices, and it is expected to exhibit the highest CAGR throughout the forecast period.
For the operating system, the market includes Android, iOS, and other systems. The Android segment is projected to hold the largest share in 2022, driven by the widespread use of Android-enabled mobile devices for critical functions like e-commerce and banking, and it is anticipated to register the highest CAGR moving forward.
The deployment mode segment comprises on-premise and cloud-based deployment. In 2022, the cloud-based deployment mode is expected to command a larger market share and witness the most robust growth, attributed to the rising demand for Bring Your Own Device (BYOD) services and increased cloud computing adoption across enterprises.
In terms of end users, the market includes enterprises and individuals. Enterprises are expected to lead in 2022 due to the growing demand for BYOD in work environments, while 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 such as Trend Micro Incorporated, Armis, Inc., and AT&T, Inc., among others, are highlighted as prominent entities shaping the mobile security market with their innovative offerings and strategic initiatives.
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, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments on “Mobile Security Market Projected to Achieve $19.5 Billion by 2029”