Mobile Phone Security Market to Reach nearly $5bn by 2011, Driven by Rising Security Threat to Smarter Phones

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According to a new report by Juniper Research, there has been a steadying rise in security attacks on vulnerable mobile phones. The security risks of identity theft, the growing threat of mobile viruses and malware combined with corporate governance, state legislation and the increasing dependence of users on delivery and storage of critical data to their mobile phones will ensure that mobile security products will be installed on 247mn mobile phones (nearly 8% of total) by 2011.

According to a new report by Juniper Research, there has been a steadying rise in security attacks on vulnerable mobile phones. The security risks of identity theft, the growing threat of mobile viruses and malware combined with corporate governance, state legislation and the increasing dependence of users on delivery and storage of critical data to their mobile phones will ensure that mobile security products will be installed on 247mn mobile phones (nearly 8% of total) by 2011.

According to the former cyber security advisor to President Bush, Richard Clarke, hackers and criminals will turn their attention towards unprotected mobile phones as they are far more likely to be stolen or lost. With mobile phones beginning to out-ship PC's by five to one in 2006 the problem can only grow.

Juniper Research illustrates the current and near-future status of the mobile security market in their latest study.

Highlights from the report include:

  • Despite initiatives by mobile operators and police forces mobile phone theft will continue to rise with a forecast of nearly 4% of mobile phones annually stolen by 2011
  • Revenues from Mobile Security products, including anti-virus, VPN, data and file encryption and mobile identity management applications, will generate almost $5billion worth of revenue by 2011
  • The biggest mobile security market sector will be in the secure mobile content sector (anti-virus, anti-spam, anti-spyware and content filtering) with 40% of the total market
  • Revenues from mobile data & file encryption products is expected to outstrip the PC market by 2011
  • Mobile Biometric solutions will contribute some $268m worth of revenue of the total mobile identity and access management market ($1.36bn) by 2011

Report author Alan Goode said: "Initially driven by the data hungry mobile business user who has seen the benefits of data services such as email, predominantly on their Blackberry devices, we will see mobile security products go mainstream by late 2008/early 2009 resulting in a doubling of revenues from 2008 to 2010."

White papers and further details of the study 'Mobile Data Security: Access, Content, Identity & Threat Management, 2006-2011' can be downloaded from http://www.juniperresearch.com. Alternatively please contact Michele Ince, Telephone +44(0)1256 830002.

Juniper Research provides research and analytical services to the global hi-tech communications sector.

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