As indicated by Acumen Research and Consulting, the global mobile data protection solutions and services market size is evaluated to reach around USD 18 billion by 2026 and CAGR to develop around 26% over the estimate time frame. Growth in data loss or theft incidences, growing technological advancements in mobile data protection solutions, increasing need for high data security, rising adoption in BFSI and IT & telecom industries and initiatives taken by governments have boosted the growth of the global mobile data protection solutions and services market. The North America market is likely to expand at noteworthy CAGR due to growth in the adoption of mobile data protection solutions and services and ongoing technological advancements in the region. Product modernization and upgrade of research and development in the region are also expected to increase the growth of the regional market.
Large Enterprises Segment is Expected to Contribute Largest Market Share in the Market
On the basis of enterprise size, the mobile data protection solutions and services market is segmented into large enterprises and small and medium enterprises (SMEs). Large enterprises segment is forecasted to dominate the global mobile data protection solutions and services market during the forecast period owing to the growing usage of data protection solutions in large organizations. Large enterprises usually work with a huge amount of confidential information and documents about business. Hence they prefer using on-premise solutions for dealing with third party solutions as third-party solutions may make their networks prone to data leakage. On the other side, small and medium enterprises (SMEs) are rapidly adopting Bring Your Own Device (BYOD) policy which demands enhanced network connectivity in order to protect corporate data. Small and medium enterprises (SMEs) are increasingly implementing cloud based mobile data protection solutions and services. To safeguard the vast amount of confidential data within the organizations, the enterprises and SMBs have been broadly considering the usage of mobile data protection solutions as this data continually travels over the various networks with the chances of being misused, tampered, attacked, and lost. Mobile data protection solutions can be modified in order to match the needs of the business of SMBs, and can be easily deployed on the on-premises and cloud. Currently, hosted mobile data protection solutions are widely being accepted by the consumers in order to delicately protect their confidential data from dangers of loss and other threats.
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North America to Continue to Grow at Maximum Growth Rate during the Forecast Period
Geographically, the global mobile data protection solutions and services market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is expected to be the topmost revenue generating region in the global mobile data protection solutions and services market. North America is anticipated to grow at substantial growth rate during the forecast period owing to the growth in the adoption of mobile data protection solutions and services and ongoing technological advancements in the region. Rapid growth in the IT & telecom industry is the primary factor influencing the growth of the regional mobile data protection solutions and services market. Product modernization and upgrade of research and development in the region are also expected to increase the growth of the regional market. Rising initiatives taken by governments and growth in the modernization of the IT infrastructure are supplementing the overall market growth. Large numbers of small and large scale organizations from the region are rapidly investing in mobile data protection solutions and services in order to decrease the occurrences of data loss. Asia Pacific is also expected to witness a considerable growth during the forecast period owing to the growing adoption of data protection solutions in the IT & telecom as well as BFSI industries due to fraudulent activities, malicious attacks and cyber-attacks.
Microsoft Corporation, McAfee LLC and Intel Corporation are Likely to Continue to Lead the Global Mobile data protection solutions and services Market
The mobile data protection solutions and services market is consolidated with limited number of manufacturers. The company profiling of key players in the market includes company overview, major business strategies and revenues. The key players of the market are Microsoft Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise, Symantec Corporation, Intel Corporation, McAfee LLC and Check Point Software Technologies Ltd.
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