November 21, 2017
WELLESLEY, Mass., Nov 21, 2017 – As mobile devices have become ubiquitous, so have the threats to them, such as data loss, unauthorized access, data leaks and fraudulent transactions. Emerging software and hardware solutions are combatting these challenges, including antivirus and mobile malware detection, mobile device management, mobile security gateways and encrypted mobile data.
In a new report, Mobile Device Security: Global Markets to 2022, BCC Research estimates the mobile device security market will grow from $18.6 billion in 2017 to $37.0 billion in 2022 at a 14.7% CAGR. Two key market drivers are hindering possible solutions to enhancing mobile device security: the sheer number of mobile devices and their increasing technological complexity. By 2020, almost six billion mobile subscribers—or 72% of the world population—are predicted to use one or more devices. Also, the devices are becoming more sophisticated, equaling the production of an internet browser on a desktop or laptop system.
“Security needs to be introduced in the design phase through both hardware and software solutions,” said Michael Sullivan, BCC Research senior editor. “Moreover, the security should be designed using IT and network models that are typical of endpoint clients, which will enable the IT department to apply consistent security strategies across the facility and remote device footprint. Market investments will come from all parts of the ecosystem, including payers, providers and device manufacturers. The goal is to implement layers of security solutions that enforce a coherent policy from the device central processing unit to the application software.”
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Mobile Device Security: Global Markets to 2022. (IFT146A)
Publish Date: Nov 2017
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Mobile Device Security: Global Markets to 2022( IFT146A )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email firstname.lastname@example.org or visit www.bccresearch.com/media to request access to our library of market research.