Cloud Network Infrastructure Market Share, Business Overview, Challenges, Opportunities Share Global Analysis and Forecast to 2027

Market Scenario:
As per the analysis by
Market Research Future Reports (MRFR), the global Phone Security Software
Market is estimated to grow from USD 10.50
billion in 2017 to USD 48.85 billion by 2023 at a CAGR of 29.55% during the
review period.
The essential factor
booming the global mobile security market 2020 is the increasing concern of
protecting data on enterprise mobile devices. The rise in the usage of mobile
phones for banking and e-commerce has made it crucial for the deployment of
security software in mobile devices. The need to adhere to security parameters
and to increase the adoption of two-factor authentication are some other
crucial factors bringing an impact on the growth of the market. The rising
adoption of cloud-based technology is likely to propel the market during the
review period. The increasing penetration of smartphones has motivated may
regional, global, and local companies to develop mobile security software. The
growing trend of Bring Your Own Device (BYOD) has propelled the market
exponentially. However, increasing cyber-attacks is the biggest hurdle faced by
the developers of security solutions. Moreover, pirated, and free mobile
security can be procured easily, which hampers the growth of the market.
COVID-19 Analysis:
The business impact of
SARS-CoV-2 has been felt across diverse sections of the information technology
industry, albeit at different levels. Companies in the technology sector that
supply services for verticals like travel, retail, hospitality, and
entertainment have noted a dramatic decrease in sales, while the firms that
provide services related to remote worker solutions have observed the opposite.
Mobile security market ’s fate post pandemic has been relatively less grim
compared to Education Services (ES) and Professional Services (PS) that are
mostly dependent on components that are generally on-site. Novel coronavirus
has Mobile security market to open new avenues for those firms that are
on the lookout for solutions that are reliable, efficiently managed, scalable,
and are subscription-based, to remain more focused on the core business. The Mobile
security market is bearing lesser impact of the COVID-19 outbreak compared to
most other segments of the tech world.
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Competitive
Outlook:
The forefront players of the global worldwide
mobile security market are Honeywell International Inc. (U.S.), IBM Corporation
(U.S.), ABB Ltd (Switzerland), Schneider Electric (France), Cisco Systems, Dell
In, Rockwell Automation (U.S.), Bayshore Networks (U.S.), Symantec Corporation
(U.S.), Kaspersky Labs (Russia), Microsoft Corporation (U.S.), IBM Corporation
(U.S.), Google Inc. (U.S.), AVG Technologies (Netherlands), Kaspersky Lab
(Russia), Intel security group (U.S.), Apple Inc. (U.S.), Verizon Communication
Inc. (U.S.), AT&T Inc. (U.S.), and a few more.
Segmentation:
The mobile security
market is classified on the basis of end-user, operating system, solution,
deployment, and region.
Based on end-user, the
market is segregated into retail, individual users, and financial
institutions.
On the operating system,
the market is segregated into windows, iOS, android, blackberry, and others.
Based on the solution, the
market is segregated into the firewall, multi-factor authentication, mobile data
protection, data encryption, and mobile application management.
Based on deployment, the market is segregated into
on-premises and cloud.
Based on region, the market is segregated into
Europe, America, Asia-Pacific, and the Rest of the World (RoW).
Regional
Analysis:
The geographical analysis of Europe, America,
Asia-Pacific, and the Rest of the World (ROW) has been performed. North America
is reigning the global worldwide mobile security market. The North American
market acquires the maximum market share. The second position is attained by
Europe since the developed countries like Germany, U.S, France, UK, and Canada
are the quick adopters of innovative technologies. Moreover, the European
region consists of significant, established mobile security software vendors
and service providers. The Asia Pacific region is anticipated to be the fastest
expanding region due to the establishment of consumer electronics manufacturers
and I.T. hubs. Moreover, the increasing adoption of mobile security software by
SMEs and enterprises in the APAC region is an additional essential factor in
expanding the market. The MEA and Latin American markets are anticipated to
exhibit significant growth during the review period.
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Table of Contents:
1 Executive
Summary
2 Scope
of the Report
2.1 Market
Definition
2.2 Scope of the
Study
2.2.1 Research
objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
Continued….
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