Mobile Security Market Is Expected to Reach $34.8 Billion, Global, by 2020 - Allied Market Research

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Mobile Security Market Is Expected to Reach $34.8 Billion, Global, by 2020 - Allied Market Research

PORTLAND, Oregon, February 26, 2015 /PRNewswire/ --

    According to a new report by Allied Market Research titled, "Global Mobile Security
Market - Solution, Types, OS, Trends, Opportunities, Growth and Forecast, 2013 - 2020",
the global Mobile Security Market would reach $34.8 billion by 2020, registering a CAGR of
40.8% during 2014 - 2020. Bring Your Own Device is the latest trend adopted by most of the
SMB (small and medium business) companies along with large organizations and is a major
reason for the adoption of mobile security software. Smartphones are majorly adopted in
Asia Pacific region and contributes largest revenue for the global market which is
followed by European countries and Middle East and African countries. Analysis of the
market shows that global mobile security market accounts for $3.4 billion in 2013.

    (Logo:
http://photos.prnewswire.com/prnh/20140911/647229 )

    Enterprises allowing BYOD expect the primary benefits to be improved-employee
satisfaction, increase in productivity and better overall enterprise security. Enterprises
are adopting BYOD as an opportunity to invest in the increasing productivity of their
employees.

    To view the report, visit the website at
http://www.alliedmarketresearch.com/mobile-security-market

    Mobile device platforms have become increasingly notable to hackers and cybercriminals
as consumers do most of their transactions through their mobile devices. Individual users
contribute to generate a notable revenue where mobile phones and tablets continues to play
a critical role in consumer bank-switching decisions. As the customers experience from
mobile banking improved and adoption improved, banks and financial institutions realize
the need of offering secured financial transactions through mobile devices.

    The Email security market suffers from both intense competition and bloated set of
vendors. Enterprises have been throwing solutions at the problems raised by viruses, spam,
internet security and policy. This results in the broad set of solutions located in many
edges of their networks. Thus, antivirus scanning might be on an exchange server adopted
by most of the enterprises.

    The recent trend reflects the broader adoption of two-factor authentication and its
implementation across a wide range of use cases. The challenge for the enterprises is
often to maintain the balance between demand and necessities of the security, costs and
making sure that the users are not overburdened with inconvenient security measures.
According to Hewlett-Packard, IT security companies spend seven out of eight dollars on
perimeter defenses.

    Key findings of the study:

       
        - Currently antivirus software hold the largest percentage share as compared
          to the Email security.
        - Banking and Financial institutions would produce large revenue of mobile
          security market by 2020
        - Asia-Pacific region would generate highest revenue for Mobile Security market
          by 2020 amongst other regions growing with the highest CAGR

    The emergence of Information and Telecommunication (IT) companies in the developing
countries like India, and never ending demand for latest gadgets having advanced
technology are the major reasons for the adoption of mobile security software. The Taiwan
government noted an exponential growth in the region for the export of smartphones
reaching $480 million in 2014.

    View all reports related to information and communication technology at
http://www.alliedmarketresearch.com/information-&-communication-technology-&-media-market-report

    Organization for Economic Co-operation and development (OECD) noted a high growth in
Information and Communication Technology (ICT) in Asian Countries followed by Germany, UK
and France. The exponential rise in the smartphone and tablet market is leading to the
ultimate growth of security software. Media reports in China indicate that government in
the region is taking advanced measures over national security concerns.

    Mobile manufacturing companies like Apple is improving the mobile application
management security to ensure that the users of its mobile operating system feel safe and
manage their applications as per the need ranging from browsing the web to updating their
banking accounts. The company has enforced the stringent protocols that determines the
access of software on the device in order to keep the customer safe from malicious
software.

    Tablet device adoption by business users has been astonishingly quick creating
challenges for the tablet security and support. To some extent, Tablets can be treated
with same security solutions for smartphones, but they tend to be used differently thus
ask for some unique challenges of their own. For enterprises, the proliferation is
beneficial as the tablet supports the variety of gestures and knowledge the worker needs.

    About Us:

    Allied Market Research (AMR) is a full-service market research and business-consulting
wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides
global enterprises as well as medium and small businesses with unmatched quality of
"Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view
to provide business insights and consulting to assist its clients to make strategic
business decisions and achieve sustainable growth in their respective market domain.

    We are in professional corporate relations with various companies and this helps us in
digging out market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the reports
published by us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology includes deep
online and offline research and discussion with knowledgeable professionals and analysts
in the industry.

       
        Contact:
        David Correa
        5933 NE Win Sivers Drive
        #205, Portland, OR 97220
        United States
        Direct: +1(503)505-6949
        Toll Free: +1(855)711-1555 (U.S. & Canada)
        Fax: +1(855)550-5975
        E-mail: sales@alliedmarketresearch.com

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Allied Market Research

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