Global Smartphone Security Market – Industry Analysis and Forecast (2019-2026)

Global Smartphone Security Market was valued at US$ 4.2 Bn in 2019 and is expected to reach US$ 61 Bn by 2026, at a CAGR of 39.72% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Mobile security is becoming an important part of the security software market. The smartphone security market is witnessing significant growth in the corporate sector. Growing smartphone perception for corporate communications has resulted in overall market growth.

Smartphone security software is projected to become a significant revenue generator for vendors due to sensitive perceived data security threats among smartphone users. Mobile malware risks with frequent threats like Trojans and AdWare remain major driving factors for the adoption of efficient smartphone technologies and manufacturers.

An increase in the number of application downloads, social networking sites, e-ticketing, and online shopping are major factors contributing to increased security measures in the smartphone industry. Additionally, reducing smartphone prices with rising personal disposable income is expected to drive the growth of the smartphone security market. Cloud computing includes a huge group of remote servers which are networked to allow the sharing of resources and data. The lack of awareness about smartphone security among security software distributors and end-users are limiting the growth of the market.

Due to technological advancements and the increase in the number of mobile internet subscribers, the use of social networking applications like Twitter and Facebook is another factor that is influencing this growth. With an increasing number of Smartphone users, concerns regarding the security and safety provided by smartphones are also increasing. Various Smartphone users are dissatisfied with the security and safety provided by these models as they are frequently getting attacks by malware and viruses. This is accelerating the growth of the Smartphone security market for the last few years.

The increase in the number of internet users is the key factor that is helping to drive the global smartphone security market, more than 3 billion people were using the internet that means 40% of the total world population. It has been analyzed that more than 3% of internet users are increasing every year. Additionally, an increase in demand for the internet is also contributing knowingly towards the growth of the smartphone security market. Because of technological progressions and the increasing number of mobile internet users, the smartphone security market is developed significantly.

Due to the growing number of mobile internet subscribers, Europe is expected to hold the largest market share. Smartphones are being used by around 80% of internet users to waves the internet in Europe. Also, most of the enterprises in Europe have access to the internet through a mobile or fixed broadband connection, and over two-thirds of all enterprises using a mobile connection and providing employees with smartphones for business purposes. The Asia Pacific is expected to be the fastest-growing region during the forecast period. The fastest growth is recognized due to growth in personal disposable income and the number of internet subscribers.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding smartphone security market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the smartphone security market.

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Global Smartphone Security Market by Features:

• Anti-Theft
• Data Encryption
Global Smartphone Security Market by Operating System:

• Android
• Windows
• Blackberry
Global Smartphone Security Market by Ownership:

• Consumer
• Enterprise
Global Smartphone Security Market by End-User:

• Personal Users
• Business Users
Global Smartphone Security Market by Geography:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa
Key Players Operated in Global Smartphone Security Market

• 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
• Kaspersky Lab
This Report Is Submitted By : Maximize Market Research Company
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