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Redding, California - December 2, 2022

Mobile Security Market Worth $19.5 Billion by 2029

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


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.’

According to this latest publication from Meticulous Research®, the global mobile security market is projected to grow at a CAGR of 21.7% from 2022–2029 to reach $19.5 billion by 2029. The increase in smartphone users & mobile phone subscriptions and the increasing use of third-party applications are the major factors driving the growth of this market. Additionally, the increasing demand for cloud-based solutions is expected to offer significant opportunities for market growth. However, the growing adoption of open-source and free security solutions can restrain the growth of this market to a certain extent.

The global mobile security market is segmented by component, operating system, deployment mode, and end user. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on component, the global mobile security market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the overall mobile security market. The increasing concerns regarding data security and privacy in mobile devices is expected to drive the growth of this segment. Also, this segment is projected to grow at the highest CAGR during the forecast period.

Based on operating system, the global mobile security market is segmented into android, iOS, and other operating systems. In 2022, the android segment is expected to account for the largest share of the overall mobile security market. The growth of this segment is attributed to the increasing use of android-enabled mobile devices for e-commerce and banking functions. Also, this segment is projected to grow at the highest CAGR during the forecast period.

Based on deployment mode, the global mobile security market is segmented into on-premise deployment and cloud-based deployment. In 2022, the cloud-based deployment segment is expected to account for the larger share of the mobile security market and is projected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing demand for BYOD services and the increasing adoption of cloud computing in enterprises.

Based on end user, the global mobile security market is segmented into enterprises and individuals. In 2022, the enterprises segment is expected to account for the largest share of the mobile security market. The growth of this segment is attributed to the growing demand for BYOD, such as laptops, smartphones, and tablets in working places. However, the individuals segment is projected to grow at the highest CAGR during the forecast period.

Geographic Review:

Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global mobile security market. The growth of the mobile security market in Asia-Pacific is attributed to the increase in the adoption rate of mobile security software by various SMEs and other enterprises and the increasing demand for wireless security solutions in the region. Also, the region is projected to grow at the highest CAGR during the forecast period.

Key Players:

The key players operating in the mobile security market are Trend Micro Incorporated (Japan), Armis, Inc. (U.S.), AT&T, Inc. (U.S.), Check Point Software Technologies Ltd. (Israel), IBM Corporation (U.S.), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), VMware, Inc. (U.S.), Thales Group (France), Microsoft Corporation (U.S.), CrowdStrike Holdings, Inc. (U.S.), Broadcom Inc. (U.S.), AO Kaspersky Lab, (Russia), Fortinet, Inc. (U.S.), and Juniper Networks, Inc. (U.S.).

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Key questions answered in the report:

  • Which are the high-growth market segments in terms of component, operating system, deployment mode, end user, and countries?
  • What is the historical market for mobile security across the globe?
  • What are the market forecasts and estimates for 2022–2029?
  • What are the major drivers, restraints, and opportunities in the global mobile security market?
  • Who are the major players in the global mobile security market, and what shares do they hold?
  • Who are the major players in various countries, and what shares do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global mobile security market?
  • What are the different strategies adopted by the major players in the market?
  • What are the geographic trends and high-growth countries?
  • Who are the local emerging players in the global mobile security market, and how do they compete with the other players?

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Mobile Security Market - Global Opportunity Analysis and Industry Forecast (2022-2029)
Report ID: MRICT - 104719 Pages: 250 Formats*:PDF Category: Information and Communications Technology
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