Mobile Security Market Will Generate Record Revenue by 2029

The global mobile security market is expected to grow at a CAGR of 14.6% during the forecast period (2023-2030). However, the growing adoption of third-party applications poses a significant security risk to mobile devices, as those applications are often developed by smaller and less well-known companies compared to the mobile device manufacturers. As a result, third-party applications may be less secure and more likely to contain vulnerabilities that can be exploited by cybercriminals. Additionally, third-party applications often require access to a wide range of permissions, such as access to the device's location, contacts, and camera. This provides cybercriminals with the opportunity to steal sensitive data from mobile devices or to take control of the devices and use them for malicious purposes. Finally, third-party applications can be used to distribute malware to mobile devices. Malware is malicious software that can damage or disable mobile devices, steal data, or spy on users. Cybercriminals often disguise malware as legitimate third-party applications to trick users into downloading and installing it. Organizations should carefully consider the security risks posed by third-party applications before deploying them on mobile devices. To mitigate these risks, organizations should implement strong mobile security solutions and educate employees about the dangers of third-party applications.

In 2021, a malicious app named "Fast Cleaner" was discovered on the Google Play Store. Adware HiddenAds and Joker, two other malicious apps, were discovered in 2019 and 2020, respectively. These apps were disguised as system cleaners, optimizers, and other legitimate apps, but they were spyware that could collect personal data from users and track their online activity. They could also subscribe users to premium SMS services without their knowledge or consent.

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Market Coverage

                 The market number available for – 2022-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

                 By Solution

                 By Deployment

                 By Operating System (OS)

                 By End-User

Regions Covered-

                 North America

                 Europe

                 Asia-Pacific

                 Rest of the World

Competitive Landscape includes Bitdefender Home Solutions, Broadcom Inc., F-Secure, McAfee, LLC., Trend Micro Inc., and others.

Mobile Security Market Report Segment

By Solution

                 Authentication

                 Application Security

                 Device Security

                 Managed Services

By Deployment

                 On-Premise

                 Cloud-Based

By Operating System (OS)

                 Android

                 IOS

                 Others (Windows, Blackberry OS)

By End-User

                 Individual

                 Enterprise

A full Report of Mobile Security Market is Available @  https://www.omrglobal.com/industry-reports/mobile-security-market

Mobile Security Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

       Latin America

       Middle East and Africa 

Company Profiles

                 AO Kaspersky Lab

                 Apple Inc.

                 Avast Group

                 Check Point Software Technologies Ltd.

                 Cloud Software Group, Inc.

                 Codeproof Technologies Inc.

                 ESET, spol. s r. o.

                 Fortinet, Inc.

                 Google

                 Ivanti

                 Keeper Security, Inc.

                 Lookout, Inc.

                 Microsoft

                 OneSpan

                 Open Text Corp.

                 Panda Security, S.L.U.

                 Quick Heal Technologies Ltd.

                 Samsung Electronics

                 Sophos Ltd.

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

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