The Mobile Data Protection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mobile Data Protection Global Market Report 2024, The mobile data protection market size has grown exponentially in recent years. It will grow from $5.67 billion in 2023 to $7.12 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to increasing mobile device usage, rising cybersecurity threats, stringent regulatory requirements, enterprise mobility trends, data loss prevention concerns.
The mobile data protection market size is expected to see exponential growth in the next few years. It will grow to $16.73 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to proliferation of mobile applications, IoT (Internet of things) integration, biometric authentication adoption, global remote work trends, comprehensive endpoint security. Major trends in the forecast period include endpoint security solutions, zero trust security models, mobile threat defense (MTD), containerization and mobile app security, cloud-based mobile security.
The growing cases of cyber attacks are expected to propel the growth of the mobile data protection market going forward. A cyber-attack refers to an attempt to gain unauthorized access to a computer, or networks of computer data with the intent to steal, destroy, or manipulate data to cause damage. Mobile data protection prevents cyber attacks by offering trustworthy services, setting up authentication, and preventing unauthorized access to mobile data. Therefore, growing cases of cyber attacks are driving the growth of the intelligent document processing market. For instance, in 2021, according to the data breach analysis of Identity Theft Resource Center (ITRC), a US-based non-profit organization that provides identity crime victim assistance and education, the data breaches in September 2021 were 1,291, a 17% increase in data breaches in comparison to breaches in 2020, which were 1,108. The growing cases of cyber attacks are driving the mobile data protection market.
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The mobile data protection market covered in this report is segmented –
1) By Type: Software, Services
2) By Platform: Windows, Android, iOS, Mac OS, Blackberry, Linux
3) By Deployment: Cloud, On-premise, Hybrid
4) By End-User: Education, Healthcare, Retail, BFSI (Banking, Financial, Services, and Insurance), Government, IT and Telecom, Manufacturing, Media and Entertainment, Other End-Users
Major companies operating in the mobile data protection market are focusing on developing innovative solutions, such as end-to-end encryption, to safeguard user data in the cloud. End-to-end encryption (E2EE) is a secure communication method that ensures only the sender and intended recipient can read and access the transmitted data. For instance, in December 2022, Apple Inc., a US-based multinational technology company, launched Advanced Data Protection for iCloud with end-to-end encryption and iMessage Contact Key Verification, showcasing a commitment to enhancing user security. Apple’s advancements set a new standard in the mobile data protection market, offering users control over data encryption keys and addressing the growing demand for end-to-end encryption amid rising concerns over data breaches and threats to user data.
The mobile data protection market report table of contents includes:
1. Executive Summary
2. Mobile Data Protection Market Characteristics
3. Mobile Data Protection Market Trends And Strategies
4. Mobile Data Protection Market – Macro Economic Scenario
5. Global Mobile Data Protection Market Size and Growth
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26. South America Mobile Data Protection Market
27. Brazil Mobile Data Protection Market
28. Middle East Mobile Data Protection Market
29. Africa Mobile Data Protection Market
30. Mobile Data Protection Market Competitive Landscape And Company Profiles
Top Major Players:
- Microsoft Corporation
- Dell Inc
- Intel Corporation
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
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