According to the recent research report titled ‘GLOBAL Mobile Security Market 2021-2028’, available with Market Study Report, global mobile security market is expected to expand at a CAGR of 14.35% over 2021-2028.
 

Increasing demand to provide security to video streaming content, and rising number of mobile payment transactions are the key factors driving global mobile security market growth. Emphasis on improving security due to growing acceptance of BYOD (bring your own device) culture in workplaces is enhancing the overall market outlook.
 

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Moreover, growing use of machine learning (ML) and artificial intelligence (AI) in mobile security applications is creating opportunities for market expansion.
 

Considering restraints for worldwide mobile security industry expansion, lack of awareness, in tandem with complexity in designing embedded security solutions are acting as major challenges. Besides, high cost of mobile security solutions is negatively impacting the industry remuneration.
 

Based on operating system, the market is divided into IOS, android, and others. As per end user scope, the industry segmentation comprises individual, and enterprises. Considering organization size, global mobile security market is divided into SMEs, and large enterprises.
 

Moving on to enterprise solution type, the industry is categorized into mobile data protection, mobile application management, authentication, and others. Elaborating on industry vertical, the market is classified into government & defense, healthcare, retail & e-commerce, IT & telecom, BFSI, and others.
 

Geographically, Middle East & Africa, North America, Asia Pacific, Latin America, and Europe are the key contributors to the industry development. Of these, Asia Pacific mobile security industry is projected to accrue high returns over the coming years, with China and Japan at the forefront.
 

China is witnessing a considerable increase in use of mobile applications that enable e-mail and mobile banking. Thus, security concerns about the use of these apps have increased, necessitating the deployment of appropriate mobile security solutions.
 

Likewise, as the number of business enterprises subject to internal threats have surged in recent years, the demand for mobile security solutions has increased in Japan, contributing to the overall regional market outlook.
 

Top players operating in global mobile security market sphere are Microsoft Corporation, Apple Inc., Trend Micro Inc., Quick Heal Technologies Ltd., McAfee Corp., MobileIron Inc., Kaspersky Lab, Samsung Electronics Co. Ltd., Broadcom Inc., Panda Security, Google LLC, International Business Machines Corporation, BlackBerry Limited, VMware Inc., and Citrix Systems Inc.