The increasing adoption of Bring Your Own Device (BYOD) and rising concerns for data security over mobility devices are fueling the growth of mobile anti-malware industry globally. According to the latest report of Research and Markets, the global mobile anti-malware market is expected to grow at a CAGR of 17.36 percent during the period 2016-2020.
The “Global Mobile Anti-Malware Market 2016-2020” report covers the present scenario and the growth prospects of the global mobile anti-malware market for the period 2016-2020. According to the report, organizations and end-users are considering adopting mobile anti-malware to ensure the security of mobile devices.
The adoption of mobile security market solutions among organizations has been significant in past few years to enhance business efficiency along with data security. People are highly dependent on mobile devices because of the growing need for connectivity. Hackers can gain access to the critical information that is stored on mobile devices, so the need for securing these devices is increasing. The increase in internet use has led to the greater demand for security of mobile devices, which drives the global mobile anti-malware market, the report stated.
Further, with the growing trend of BYOD, the data protection propensity through mobile devices has increased, thereby encouraging the adoption of mobile security for secure data transfer and access on mobile devices. The BYOD policy and VPN protection are acting as major driving forces for the market growth. Over the time various security software and hardware solutions have been developed by the companies such as authentication security, mobile application management, containerization software etc.
MarketsandMarkets forecasts the global mobile security market to grow from $1,507.7 million in 2014 to $5,754.8 million by 2019. The presence of a dynamic business environment, escalating cyber-attacks, growing concern about data loss among the organizations, and indispensable need for compliance with standards are some of the factors that will drive the industry growth.