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According to a new report Asia Pacific Mobile Security Market, published by KBV Research, the Mobile Security market, in Asia-Pacific, is expected to attain a market size of $18.2 billion by 2022, growing at a CAGR of 49.1% during the forecast period. The incorporation of BYOD into enterprises business environment has allowed the employees stay connected even while working. New hi-tech devices, smart phones, high-speed internet, various applications & open sources, such as android systems, have transformed the concept of mobile connectivity. Smartphones and tablets are the top trending segments within consumer electronic. The ready availability and affordable nature of these devices has enabled users to stay connected to the internet and perform financial and banking transactions via mobile phones.
Growing dependency on technology for better lifestyle, and growing tech savvy crowd are some inherent reasons for the need for higher level of security for personal and corporate data. Based on Solution type, the Mobile Security market, in Asia Pacific, is bifurcated into Authentication, Mobile Application Management and Mobile Data Protection. In 2015, Authentication segment dominated the Asia-Pacific Mobile Security market by Solution type. The segment would generate revenue of USD 6.5 billion 2022. However, Mobile Data Protection would witness highest CAGR of 58.0% during the forecast period. Based on type, the Asia-Pacific Mobile Security market is bifurcated into Email and Anti-Virus. In 2015, Anti-virus Solution dominated the Asia-Pacific Mobile Security market by type. Based on OS type, the Asia-Pacific Mobile Security market is bifurcated Android, iOS and others. Android segment dominated the Asia-Pacific Mobile Security market by OS type. The segment would generate revenue of USD 10.5 billion by 2022.
However, iOS would witness highest CAGR of 50.1% during the forecast period. The end-users highlighted in this report include Individual and Enterprise. The Enterprise segment is further bifurcated into Financial Institution, Retail, Government, Telecom & IT, Education, Manufacturing & Automotive, Aerospace, Defense & Intelligence and Others. In 2015, BFSI segment dominated the Asia-Pacific Mobile Security market by Enterprise End User. However, Retail sector would witness highest CAGR of 53.8% during the forecast period. China dominated the Asia-Pacific Mobile Security Solution Market. The region has registered revenue of USD 377.9 million in 2015.
However, Malaysia is expected to witness highest CAGR of 52.3% during the forecast period (2016-2022). The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in Asia-Pacific region. The key influencing factors of the Asia-Pacific Mobile Security market have been discussed in the report along with the elaborated company profiles namely Symantec Corporation, Check Point Software Technologies, IBM Corporation, Cisco Systems, Inc., Intel Corporation, HP Enterprise Company, FireEye, Inc., Infineon Technologies AG, AT&T Inc., and Dell Inc. (SonicWall Inc.).