Global Smartphone Security Market size was valued at US$ 5.87 Bn. in 2020 and the total revenue is expected to grow at 39.8 % through 2021 to 2027, reaching nearly US$ 61.26 Bn.
Smartphone Security Market Overview:
The Global Smartphone Security Market The global Smartphone Security market was valued at US$ 5.87 billion in 2020, and is predicted to rise to US$ 61.26 billion by 2027, with a CAGR of 39.8% from 2021 to 2027. Mobile phones are very vulnerable to cyber-attacks, data breaches, malware, ransomware, and unsafe Wi-Fi networks. Mobile security aims to develop a cyber-defense strategy. Smartphones, tablets, and smartwatches are all obvious targets for thieves looking to steal valuable, sensitive, and confidential data. Smartphone security has become a popular way for individuals and organisations to safeguard their devices from a number of security risks.
Historical & Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Smartphone Security Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Smartphone Security Market segments which include products, applications, and competitor analysis.
As a result of the growing use of the Internet for things, smartphone usage has skyrocketed. The vulnerability of smartphones is growing as a result of their widespread use, forcing the smartphone security market ahead. Despite the fact that smartphones come with a range of security measures, some users are unhappy with them and prefer to purchase smartphone security services to protect their devices from viruses and malware.
As a result of the growing use of the Internet for things, smartphone usage has skyrocketed. The vulnerability of smartphones is growing as a result of their widespread use, forcing the smartphone security market ahead. Despite the fact that smartphones come with a range of security measures, some users are unhappy with them and prefer to purchase smartphone security services to protect their devices from viruses and malware.
As a result of the growing number of smartphone users, the smartphone security market is expanding. Furthermore, because of the extensive use of social media platforms such as Instagram, Facebook, Twitter, and others, smartphones are becoming increasingly vulnerable to attacks and hacking, necessitating the development of smartphone security solutions. As a result, the increased use of social platforms is propelling the market ahead.
Hackers and threat actors are currently targeting smartphone users with sophisticated viruses in order to steal vital information. Multiple instances of digital credit card skimming attacks, also known as Magecart assaults, were recorded all around the world in 2019, for example. The Magecart attack syphoned financial transactions from e-commerce and online hotel booking platforms' smartphone users. As the number of flaws and awareness of Magecart expanded, individuals and companies were pushed to adopt solutions to improve their security.
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Segmentation:
Anti-Theft and Data Encryption are two sub-segments of the worldwide Smartphone Security industry. In 2020, the Data Encryption sector had the highest market share of percent. Encryption is a secure way to lock a device with passwords or other similar ways. Because phone theft and loss are so widespread, encrypting confidential and private data on the device is crucial. Only around a fifth of smartphone owners, on the other hand, used encryption to protect their devices. As a result, during the projected period, this significant factor will fuel the growth of the smartphone security market.
Android, Windows, and Blackberry make up the global Smartphone Security industry. In 2020, the Android sector had the highest market share of percent. As a result, a slew of corporate behemoths, including Samsung, HTC, Panasonic, and others, are pouring money into the industry. Furthermore, because Android powers so many smartphones these days, it is more likely to be targeted by hackers. The Android operating system is a more appealing target for hackers because to its global popularity. As a result, the malware and viruses that these crooks spread are more vulnerable to Android phones.
Key Players:
• Ahnlab Inc
• Avast Software A.S
• Bitdefender Llc
• Certicom Corporation
• Eset
• Spol.S.R.O.
• Juniper Networks Inc
• Mcafee Inc
• Lookout Inc
• Trend Micro Inc
• F-Secure Corporation
• Netqin Mobile Inc
• Quick Heal Technologies(P) Ltd
• Panda Security S.L
• Columbitech AB
• Symantec
• Sybase Inc
• Hauri Inc
• Sophos Ltd
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Smartphone Security Market presented in the MMR report. Local development plans are often affected by the performance of Smartphone Security market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Smartphone Security market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Smartphone Security Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Smartphone Security Market report
- What was the market size of Smartphone Security Market in 2020 and forecast up to 2027?
- Which is the largest regional Smartphone Security Market?
- What are the major trends followed in Smartphone Security Market across different regions?
- Who is the key Smartphone Security Market companies leading the market?
- What are the key strategies adopted by the leading Smartphone Security Market companies in market?
- Unique data points of this report
- Statistics on Smartphone Security Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Smartphone Security Market for various end-use.
- Notable developments going on in Smartphone Security Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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