News Column

Mobile Security Market Worth $10.7 Billion

Oct. 15, 2012
Latina with computer and credit card

The global mobile security market is poised for explosive growth over the next five years, as revenues reach $10.7 billion in 2017. While application and hardware security form the foundation of mobile security, the market will be driven in large part by mobile-centric security services, according to ABI Research. Managed services, cloud-based security, endpoint management, security readiness assessments, penetration testing, and other professional services will increasingly cater to the maturing mobile platform.

Mobile security services will chiefly target the enterprise sector, as employers continue to assimilate mobile devices into their organizations. According to the senior analyst, Michela Menting, "Securely managing a growing number of devices within the enterprise is becoming a real issue as more and more workers use smartphones and tablets to perform core company tasks. The different phone brands, operating systems and versions place a growing burden on IT staff, often requiring separate security solutions to be tailored to each device type."

While certain organizations will increase spending in-house to address this issue, many will opt to take advantage of the growing market in mobile security services from specialized third party service providers. The European market especially will show strong demand for comprehensive services, including remote security management and technical support.

This market data details revenue forecasts for 2012 to 2017 for three submarkets: mobile application security, mobile device hardware security, and mobile security services. Each submarket is further divided into segments. A regional breakdown of each submarket is also calculated for the forecasted period. In addition, it also contains figures on the current growth of mobile malware, including threats by type (Trojans, Backdoors), by affected platform (Android, Java ME), and bytop targeted countries. Finally, figures also detail the number of downloads of stand-alone mobile security apps by vendor.

These findings are part of ABI Research's Mobile Security Research Service, which includes additional competitive analyses, vendor matrixes and market data.

ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research's worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.



Source: Copyright Business Wire 2012


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