Mobile Data Protection Market size is predicted to grow significantly in the coming years, North America to be major revenue contributor
Sellbyville, United States – July 29, 2019 /MarketersMedia/ —
A key factor analyzed by GMI for mobile data protection market growth primarily comprises the growing prevalence of malicious attacks, cyberattacks, network threats, privacy breaches, and fraudulent activities. As per Symantec’s 2018 Internet Security Threat Report, the proportion of new mobile malware variants launched surged by 54% in one year. Moreover, IBM and Ponemon Institute’s study suggests that the average cost of data breach for organizations throughout the world is $3.6 million.
In light of such incidents, the increasing efforts to prevent organizational and personal data form serious threats and cyberattacks will mainly drive the demand for mobile data protection in the ensuing years.
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The growing indispensable need for compliance with standards and rising security concerns related to data loss are driving mobile data protection market growth. The enterprises are rapidly deploying MDP solutions to safeguard their data from threats, attacks, and losses. MDP solution plays a key role in securing data, which forms the most valuable assets for organizations and in safeguarding the privacy of its employees and content.
Additionally, it provides advanced endpoint data & device protection, prevents unauthorized access, and protects hardware devices from malware. It also offers enhanced encryption techniques within the system. The growing demand for web security, intrusion prevention, anti-virus solutions, advanced firewalls, and anti-spam techniques among enterprises is proliferating the market.
Growth will predominantly come from Europe mobile data protection market, on account of the surging instances of cyberattacks in the region, increasing commercialization, along with surging internet connectivity. Moreover, burgeoning online shopping trend has boosted mobile payments, which in turn, has considerably amplified cases of data breaching, thus driving regional market.
BFSI, government and public sector, healthcare, and defense will continue to remain some of the key end-use applications of mobile data protection industry. Digitization of the BFSI sector would be one of the major factors creating massive demand for MDP services in the future. When it comes to cybercrime, due to the involvement of monetary assets BFSI is one of the most susceptible sectors. Therefore, increasing need to secure customer data from fraudulent activities and data breaches will impel mobile data protection market share in the forthcoming years.
The presence of dynamic business environments coupled with the increasing adoption of several technological advancements, such as cloud and social media, has further increased the amount of data generation among organizations. Additionally, with the rising adoption of mobile devices among enterprises, data is being accessed & transferred on these mobile devices, resulting in the vulnerable loss of sensitive data; hence, MDP solutions play a key role in data security among enterprises for securing organizational data.
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Some of the other major players operating in the mobile data protection market are Check Point Software Technologies Ltd., Cisco Systems, Inc., Dell, Inc., Hewlett Packard Enterprises, Intel Corporation, Microsoft Corporation, Sophos Group plc, Symantec Corporation, and Trend Micro, Inc.
This report provides a detailed and comprehensive analysis on “Mobile Data Protection (MDP) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Mexico, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025”, including:
• Mobile data protection market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major mobile data protection industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
Companies mentioned in the report include:
• Cisco Systems, Inc.
• Intel Corporation
• Symantec Corporation
• Dell Inc.
• Hewlett Packard Enterprises
• Check Point Software Technologies Ltd.
• Trend Micro, Inc.
• Microsoft Corporation
• Sophos Group plc
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