The market research made on the mobile security software shows a potential growth at the valuation of USD 42.13 Billion during the forecast timeline which with 2030 with a CAGR of 14.58%.
The market for mobile security software is growing and further is likely to offer some of the best opportunities in the BFSI, defense, healthcare, government, IT, and telecom sector. There are some prominent drivers for such market growth which are also growing the risk of cyber-attacks on mobile devices. There has also been a rise in the trend of bringing their own device to many companies. The market is now looking for a better scope with the mobile security emergence as one of the efficient services since it is estimated to offer an easy, faster, and quick solution for the companies so they can meet their IT needs without any risk to create their own infrastructure or make an investment to maintain, develop, and even create the resources.
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Key Players: –
• F-Secure Corporation (Finland)
• Citrix Systems (US)
• Kaspersky Lab (Russia)
• AVG Technologies (Czech Republic)
• Sophos Group PLC (UK)
• Apple Inc. (US)
• Intel Security (US)
• Symantec Corporation (US).
There has been an increase in the conditions of confidential data theft which is a majority of the customer’s crucial aspect after they have started choosing mobile payment security software for mobile phones. Such an option could protect the fraudster against the debit and credit card information as the whole payment transaction requires authorization to be done between the acquirer of the merchant and the bank that has issued it. The increased m-commerce addition along with mobile banking is likely to boost mobile payment security software adoption. There is also a good growth required for protecting the personal financial data amongst the consumers which are also promoting industrial growth.
The pandemic crises that occurred due to Covid-19 have resulted in too many companies being shut down and examining their business continuity plans closely and thus focusing on…