Global Mobile Security Market to Reach $14.4 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on mobile security market. The global market for Mobile Security is projected to reach $14.4 billion by 2017, primarily driven by rapid proliferation of feature phones and intelligent mobile computing devices. Increasing use of mobile devices for accessing data services and corporate networks and the emergence of open network concept, which opens up potential risk avenues from security and privacy perspective will boost market prospects over the next few years. Robust demand from Asia-Pacific market also augurs well for the future of this market.

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Mobile Security: A Global Strategic Business Report

San Jose, CA (PRWEB) August 24, 2011

The rapid proliferation of mobile phones, over the last couple of decades, has brought to the surface hidden dangers in the form of security breaches and related issues. Security issues have taken on extreme importance in recent years, which is not surprising given the mobile phone’s transition from a humble voice communication device to a multi-faceted, multitasking, multimedia device capable of functioning as a tool for personal expression, enterprise computing and entertainment, among others. Today, a mobile phone is used for video conferencing, storing data/documents/files, sending and receiving electronic mail, delivering presentations, accessing the Internet, remotely retrieving data, among others. Although the productivity benefits offered to consumers and organizations, as is in the case of enterprise mobility, is undeniable, the cutting edge developments also open up new apertures for risks. This changing character of a mobile phone in the 21st century pushes into the spotlight numerous mobile phone security issues such as, data breaches, unauthorized access to and loss of personal information stored within the mobile phone, cell phone viruses, malware, and malicious downloadable software that corrupts the phone’s operating software, all of which present the need for mobile security.

The evolution of smart mobile computing devices such as notebook PCs, personal digital assistants, smartphones, and tablet PCs into common tools for business and personal activity also presents tremendous opportunity for global mobile security market. Smartphones especially, which has the ability to support workforce mobility, is a much demanded business tool. Also, given the extensive use of mobile Internet on these devices, smartphones, just like computers, are exposed to dangers of devious software/applications that are easily transported over the World Wide Web. With smartphone users increasingly accessing/downloading third-party applications, the threat of malicious virus making its way into the handset and accessing key information stored within these devices becomes more prominent, which presents a perfect business case for mobile security.

Mobile networks are currently at their tipping point with exploding data traffic, a direct fallout of the exponential rise in the number of Internet connected mobile devices. The scenario is thus leading to the collapse of mobile network operators (MNOs) traditional walled garden approach, where customers are accorded access only to default services selected by service providers. Mobile networks are now migrating towards the concept of “open garden” wherein customers are given unhindered access to all available services and content. In other words, seamless integration of content and wide coverage is a crucial requirement for success for network operators. And as cellular network giants throw open their networks to enable interoperability between proprietary network domains, the open networks concept opens up potential risk avenues from a security and privacy perspective. As proprietary network perimeters dissolve, security issues will rise to be of paramount importance to mobile network operators. Attacks on mobile networks and mobile devices distributed across the network will primarily be driven by open networks and open devices. Mobile network providers will therefore come under increased pressure to invest in mobile security appliances and software to protect both their networks as well as network users.

As stated by the new market research report on Mobile Security, Asia-Pacific represents the largest regional market. Growth in Asia-Pacific is primarily driven by robust demand for mobile computing devices in emerging countries such as China and India. By product, Mobile Network Security Appliances & Software represents the largest segment. Mobile Security Client Software is the fastest growing market, waxing at a CAGR of more than 53% over the analysis period.

Major players in the marketplace include Airscanner USA, Arbor Networks, AVG Technologies, Barracuda Networks Inc., Blue Coat Systems Inc., BullGuard Ltd., Check Point Software Technologies Ltd, Cisco Systems Inc., Doctor Web Ltd, Enterasys Networks Inc, F-Secure Corporation, Huawei Technologies Co. Ltd, iPolicy Networks Inc, Juniper Networks Inc., Kaspersky Lab, McAfee Inc., SafeNet Inc., SonicWALL Inc, Symantec Corporation, Sophos, Trend Micro Incorporated, Top Layer Networks Inc., among others.

The research report titled “Mobile Security: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, company profiles, and key strategic industry activities. The report analyzes the global Mobile Security market for all major geographic markets, including US, Canada, Japan, Europe (France, Germany, Italy, United Kingdom, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. Product segments analyzed include Mobile Security Client Software, and Mobile Network Security Appliances & Software (Integrated Security Appliances, Content Security Gateways and IDS/IPS Products).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Mobile_Security_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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