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Global Mobile Security Market 2012-2016

Global mobile security market: 47% CAGR between 2012-2016


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2014-02-14 21:47:02 - Global Mobile Security Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Mobile Security market is to grow at a CAGR of 47.21 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing popularity of smartphones and tablets. The Global Mobile Security market has also been witnessing an increased adoption of bring your own device policy. However, the increasing complexity of mobile devices could pose a challenge to the growth of this market.

As a result of the growing adoption of enterprise mobility services, organizations are changing their device procurement process. Earlier, companies had very strict procurement policies for mobile devices to ensure data security and to make sure these devices could be integrated with the existing IT infrastructure. However, enterprises are currently

 

 

following the BYOD policy, which allows employees to use their own mobile devices for personal and professional purposes. As the BYOD policy will help in reducing enterprise spending on communication devices and their overall cost, the adoption of the BYOD policy is increasing. As critical data has to be accessed and used in personal devices, high security is required. Hence, it will support the growth of the Global Mobile Security market.

One of the major drivers in this market is the growing popularity of smartphones and tablets. The shipment of smartphones and tablets has increased significantly over the years. Along with the growing network infrastructure and mobile connectivity, the use of mobile devices for personal and professional use is expected to increase. As a result, the demand for mobile security services will also increase.

One such challenge is the increasing complexity of mobile devices. As technology is advancing, OEMs are developing sophisticated mobile devices which have the capabilities of a computer. This has increased the chances of threats as the hackers are developing viruses, malware, and trojans to extract data from such devices. This is leading to outdated advanced security solutions, and hence is making the end-users hesitant to install security solutions.

The key vendors dominating this market space include AVG Technologies N.V., Cisco Systems Inc., McAfee, and Symantec Corp. The other vendors mentioned in the report are Apple Inc., AT&T Inc., Avasta Software B.V, Echoworx Corp., F-Secure OYJ, Fiberlink Communications Corp., Fixmo Inc., Google Inc., Kaspersky Lab Inc., Microsoft Inc., Mobile Active Defense L.L.C., Motorola Solutions Inc., NetQin Mobile Inc., Nokia Corp., Odyssey Software Inc., Orange Telecom, Research In Motion Ltd., Sprint Nextel Crop., Trend Micro Inc., T-Mobile USA Inc., Telefonica Group, Verizon Communication Inc., and Vodafone Group plc.

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