LONDON--(BUSINESS WIRE)--The high adoption of advanced mobile devices has resulted in the unprecedented growth of the Global Mobile Security Market, which is expected to post a CAGR of 38.30 percent from 2014-2018, says research firm TechNavio.
The availability of affordable mobile devices like smartphones and tablets, and increased coverage of mobile networks have boosted the growth of the Global Mobile Security Market.
The latest report by TechNavio also emphasizes the increased adoption of BYOD policy as a major market growth driver.
Organizations are changing their device procurement processes as a result of growing enterprise mobility. Several enterprises are currently adopting BYOD policies, which allow employees to use their own devices to access company data.
“The adoption of BYOD policy helps enterprises reduce expenditure on communication devices, thus reducing overall costs,” says Faisal Ghaus, Vice President of TechNavio.
“On the flip side, for BYOD policy to really take hold, these devices must be secure to ensure the safety of enterprise data. Therefore, the demand for mobile security has increased in tandem with the growing adoption of mobile devices in businesses,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Mobile Security Market in Japan 2015-2019
- Global Mobile Enterprise Security Software Market 2014-2018
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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