Sarasota, FL -- (SBWire) -- 07/23/2018 --Zion Market Research has published a new report titled "Mobile Security Market by Solution (Authentication, Mobile Application Management, and Mobile Data Protection), by Operating System (iOS, Android, Windows, Blackberry, Others), and by End User (Individual Users, Financial Institutions, Retail, Government, Telecom and IT, Education, Manufacturing and Automotive, Aerospace, Defense and Intelligence and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023". According to the report, global mobile security market was valued at approximately USD 24.17 billion in 2017 and is expected to generate revenue of around USD 46.74 billion by end of 2023, growing at a CAGR of around 33.3% between 2017 and 2023.
The report covers forecast and analysis for the mobile security market on a global and regional level. The study provides historic data of 2017 along with a forecast from 2018 to 2023 based revenue (USD Billion). The study includes drivers and restraints for the mobile security market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the mobile security market on a global level.
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In order to give the users of this report a comprehensive view on the mobile security market we have included competitive landscape and analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein solution segment, type segment and end user segment is benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies according to region.
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Based on end user the market is segmented into individual users, financial institutions, retail, government, telecom and it, education, manufacturing and automotive, aerospace, defense and intelligence and others. Different enterprises such as financial institutions, retail, education, manufacturing, automotive, healthcare, and others use mobile security solutions to protect their data. Financial institutions such as banking sector dominated the market followed by telecom and IT industry. Small and Medium Businesses adopt the BYOD policy which demands varied security software to protect corporate data.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global mobile security market. North America accounted for the largest share of the market. Asia-Pacific region has shown a prominent growth and is expected to grow further over the forecast period. In the years to come, Asia-Pacific would be a prominent market, owing to the rapidly growing population, increasing IT hubs. This would indirectly boost the market for mobile security market in this region.
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Some of the key players in mobile security market include innoPath Software, Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Google Inc., Intel Corporation, Symantec Corporation, Kaspersky Lab, Apple Inc., VMware Inc., MobileIron, and Others.
Mobile Security Market Trends Exhibits Big Growth by 2016-2024
Global Mobile Security Market to Reach Value Around USD 24.17 Billion by 2023