Worldwide Mobile Data Protection Industry to 2026 - Increasing Bring Your Own Devices Trend among Organisations is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Mobile Data Protection Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Mobile Data Protection market was valued at USD 1.94 billion in 2020 and is expected to reach USD 8.93 billion by 2026, at a CAGR of 29% over the forecast period 2021 - 2026.

Companies Mentioned

• Dell Inc.
• Microsoft Corporation
• Hewlett Packard Enterprise Development LP
• Broadcom Inc. (Symantec Corporation)
• Trend Micro Incorporated
• McAfee LLC
• Check Point Software Technologies Ltd.
• Cisco Systems, Inc.
• Thales Group (Gemalto N.V.)
• CipherCloud, Inc

Key Market Trends

Increasing Adoption of Mobile Payment Solutions will Drive the Mobile Data Protection Market

• An increase in the number of mobile payments has led to mobile data breaching cases increasing significantly, hence acting as a significant factor for driving the mobile data protection market. The growth of mobile payments is the highest among other payment methods. This growth has also increased mobile data. In 2017, the mobile data traffic reached 11 Exabyte's a month, climbing rapidly into the future.
• Moreover, with an increasing number of mobile wallets, like Apple pay, android pay, and Walmart pay, the market for mobile data protection is expected to develop further. It is estimated that nearly 2.1 billion consumers worldwide would use a mobile wallet to make a payment or send money by 2019, up by almost 30%, as compared to 2017. With the growing adoption of smartphones for payments, the demand for mobile data protection is expected to grow over the forecast period.
• Furthermore, the ever-increasing adoption of AR and contactless payments among smartphones is also expected to increase the demand for mobile data protection solutions further. For e.g. According to RBI, the Mobile banking services in India witnessed a growth of 92 percent and 13 percent in volume and value terms respectively, while the number of registered customers rose by 54 percent to 251 million at end of March 2018 from 163 million at end of March 2017-RBI.

North America Anticipated to Dominate the Mobile Data Protection Market

• North America market is expected to dominate the global mobile data protection market, owing to its early adoption of data security by companies in the United States, coupled with the presence of a large number of mobile data protection vendors in the region, which would help consolidate the majority of revenues in the mobile data protection market. Additionally, the adoption of cloud technologies, in this region is also very high.
• North America is also the most significant contributor to the global IT BFSI market, the primary market for mobile data protection. Moreover, stringent government regulations are resulting in companies working to provide security services. The region also has one of the highest adoptions of smartphones among industries, making it a prominent leader in the mobile data protection market.
• Furthermore, Increasing usage of IoT devices, such as BYOD, to access healthcare and banking services is a key trend for the North American market, which shows a great scope for mobile data protection market.
• Asia-Pacific will be the fastest growing market owing to the rapid penetration of smartphones and internet connectivity across geographies in Asia. Further countries like India have been developing policy regulations to encourage electronic transactions to bring down the overall cost of delivering last mile banking services.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Dynamics

4.3 Market Drivers

4.3.1 Increasing Adoption of Mobile Payment Solutions will Drive the Mobile Data Protection Market

4.3.2 Increasing Bring Your Own Devices (BYOD) Trend among Organisations

4.4 Market Restraints

4.4.1 Issues of Functional Interoperability due to the Presence of Multiple Platform Devices will Restrain the Market Growth

4.5 Industry Value Chain Analysis

4.6 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Software

5.1.2 Services

5.2 By Deployment

5.2.1 On-Premises

5.2.2 Cloud

5.3 By Enterprise

5.3.1 Large Enterprise

5.3.2 Small & Medium Enterprise

5.4 By End-user Industry

5.4.1 BFSI

5.4.2 Healthcare

5.4.3 Retail

5.4.4 Hospitality

5.4.5 Transport

5.5 Geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia Pacific

5.5.4 South America

5.5.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Dell Inc.

6.1.2 Microsoft Corporation

6.1.3 Hewlett Packard Enterprise Development LP

6.1.4 Broadcom Inc. (Symantec Corporation)

6.1.5 Trend Micro Incorporated

6.1.6 McAfee LLC

6.1.7 Check Point Software Technologies Ltd.

6.1.8 Cisco Systems, Inc.

6.1.9 Thales Group (Gemalto N.V.)

6.1.10 CipherCloud, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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