The growing risk of data breaches and thefts are creating the demand for robust security solutions globally. However, hackers around the globe are coming up with more advanced and tricky threats that pose an enormous risk against conventional security solutions.

The constant developments in mobile devices such as tablets, laptops, and smartphones are creating opportunities for the advanced security solutions as several security solution providers are collaborating with mobile device suppliers to provide in-built security solutions for new mobile devices. Furthermore, with the growing adoption of smart and connected devices, the risk of security is significantly rising. Hence, such factors are driving the demand for mobile security solutions globally.

Operating Systems Segment

Based on the segment of the operating system, the market is divided into android, iOS, others, and others. In 2019, the iOS operating system segment gathered the highest market growth and it is expected to do so throughout the forecast period. However, the android segment is expected to gather the highest market revenue throughout the forecast period. The dominance of this segment is primarily attributed to the growing demand for the android operating system based smartphones globally.

Solutions Segment

Based on the solutions, the market is segmented into data protection, application security, device security, authentication, web protection, and others. The application security segment dominated the market in 2019 and it is projected to maintain its dominance throughout the forecast period. The growth of this segment is mainly accredited to the increasing need to secure applications as the majority of applications contain essential information and data such as personal videos, pictures, and critical information.

Authentication Method Segment

Based on the authentication method, the market is bifurcated into single-factor authentication and multi-factor authentication. In 2019, the single-factor authentication segment dominated the global mobile security market and it is expected to maintain its position throughout the forecast period. However, the multi-factor authentication segment is anticipated to gather the highest CAGR during the forecast period. The growth of this segment is mainly attributed to the increasing need to add an extra layer of security to mobile devices on the grounds of increasing the level of sophisticated mobile threats.

End Users Segment

Based on end-users, the market is bifurcated into personal and commercial segments. In 2019, the commercial segment gathered the highest market revenue and it is anticipated to dominate the mobile security market throughout the forecast period. On the contrary, the personal segment is expected to gather the highest growth rate over the forecast period.

The North America region is anticipated to gather the highest market share during the forecast period. The dominance of this region is mainly accredited to the increasing need to protect sensitive data and increasing government intervention. However, the Asia-Pacific region is expected to hold the highest growth rate throughout the forecast period 2020-2025. The growth of the mobile security market in this region mainly attributed to the upsurge in the adoption of smartphones in the past few years in this region.

The major players of the global mobile security market are Kaspersky, Check Point Software Technologies, IBM, McAfee, Microsoft, Quick Heal, Sophos, Symantec, Trend Micro, and VMware. Moreover, the other potential players in the mobile security market are CrowdStrike, Panda Security, Webroot, Citrix Systems, and Bitdefender. The recognized companies are coming up with innovative and new mobile security solutions. For instance, in January 2019, Coretta, a mobile devices internet security provider announced a partnership with IBM. With this partnership both the companies will provide Unified Endpoint Management (UEM), control, and security for enterprise mobile devices.