Skip to main content

Mobile Device Security Revenue to Reach $1B by 2017

With hackers becoming more effective in targeting and exploiting emerging technologies -- such as smartphones, media tablets and associated cloud services -- enterprises are investing in mobile endpoint security software to protect and manage mobile devices.

Hackers are able to gain access or control of mobile devices via malicious software (malware), while mobile applications (apps) on the device can perform unwanted, high-risk actions. This threat jeopardizes the safety of sensitive data stored on the mobile device, as it can be lost or stolen.

With the ubiquity of mobile devices and trends such as bring your own device (BYOD) to work, industry and government regulations requiring businesses to control network access for all device types and applications adds to market growth.

According to the latest market study by Frost & Sullivan, the mobile endpoint protection market earned revenue of $433.5 million in 2012, and estimates this to reach $1.0 billion in 2017. They note that endpoint security specialists -- McAfee and Symantec -- lead the market. However, several innovative competitors, including entrepreneurial start-ups, are making progress in this market.

"Smartphones may fail to meet organizational security and compliance policy requirements as they are extremely susceptible to mobile malware breaches and unwanted or high-risk mobile applications," said Chris Rodriguez, senior industry analyst at Frost & Sullivan.

However, the mobile endpoint solutions market faces competition from other mobile security products. For instance, mobile device management (MDM) capabilities are considered an essential first step in addressing mobile security needs and a suitable replacement for mobile endpoint security solutions.

Unfortunately, MDM does not address mobile malware and unwanted or high-risk mobile applications. Businesses worldwide severely underestimate the risk presented by truly smart smartphones and media tablets, and therefore delay the adoption of comprehensive solutions.

Mobile endpoint protection vendors could acquire MDM companies to enable a robust enterprise endpoint security and device management portfolio. Plus, new technologies such as cloud-based malware analysis, application wrapping, and containerization will further widen the global customer base.

While end users from the business segment are opting for established security vendors that offer enterprise central management and reporting capabilities, emerging start-ups are gaining traction in the strategically important consumer market with inventive, free or low-priced solutions.

Popular posts from this blog

AI Semiconductor Revenue will Reach $119.4B

The Chief Information Officer (CIO) and/or the Chief Technology Officer (CTO) will guide Generative AI initiatives within the large enterprise C-Suite. They may already have the technical expertise and experience to understand the capabilities and limitations of Gen AI. They also have the authority and budget to make the necessary investments in infrastructure and talent to support Gen AI initiatives. Enterprise AI infrastructure is proven to be expensive to build, operate and maintain. That's why public cloud service provider solutions are often used for new AI use cases. AI Semiconductor Market Development Semiconductors designed to execute Artificial Intelligence (AI) workloads will represent a $53.4 billion revenue opportunity for the global semiconductor industry in 2023, an increase of 20.9 percent from 2022, according to the latest worldwide market study by Gartner. "The developments in generative AI and the increasing use of a wide range AI-based applications in data c

Industrial Cloud Computing Apps Gain Momentum

In the manufacturing industry, cloud computing can help leaders improve their production efficiency by providing them with real-time data about their operations. This has gained the attention of the C-suite. Total forecast Industrial Cloud platform revenue in manufacturing will surpass $300 billion by 2033 with a CAGR of 22.57 percent, driven by solution providers enhancing platform interoperability while expanding partner ecosystems for application development. ABI Research found the cloud computing manufacturing market will grow over the next decade due to the adoption of new architectural frameworks that enhance data extraction and interoperability for manufacturers looking to maximize utility from their data. Industrial Cloud Computing Market Development "Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers. The large initial upfront cost of purchasing, setting up, and maintaining these servers is

Demand for Quantum Computing as a Service

The enterprise demand for quantum computing is still in its early stages, growing slowly. As the technology becomes more usable, we may see demand evolve beyond scientific applications. The global quantum computing market is forecast to grow from $1.1 billion in 2022 to $7.6 billion in 2027, according to the latest worldwide market study by International Data Corporation (IDC). That's a five-year compound annual growth rate (CAGR) of 48.1 percent. The forecast includes base Quantum Computing as a Service, as well as enabling and adjacent Quantum Computing as a Service. However, this updated forecast is considerably lower than IDC's previous quantum computing forecast, which was published in 2021, due to lower demand globally. Quantum Computing Market Development In the interim, customer spend for quantum computing has been negatively impacted by several factors, including: slower than expected advances in quantum hardware development, which have delayed potential return on inve