The global mobile data protection market leads to an estimated CAGR of 28% in the global market, during the forecast period and registers a revenue valued at US$ 4.26 Bn in 2022, and is expected to cross US$ 50.27 Bn by 2032.
| Attributes | Details |
|---|---|
| Mobile Data Protection Market Size (2022) | US$ 4.26 Billion |
| Mobile Data Protection Market Size (2032) | US$ 50.27 Billion |
| Mobile Data Protection Market CAGR | 28% |
Key firms bring technology to other businesses, customers, and society in a way that allows for extraordinary experiences while not compromising privacy. They believe in privacy-protecting innovation and performance, as well as technologies created with those rights in mind. This 'Privacy Notice' explains how they can utilize personal information while respecting privacy rights. They offer something known as a 'Privacy Notice, in particular, which details how their goods, services, and technology use a customer's personal information. These factors are estimated to surge the adoption of mobile data protection.
Unless a second or additional privacy notice is provided, it applies to their use of personal information throughout their websites, goods, online services, software, applications, tools, and other services and capabilities they provide, both online and offline. Key firms fundamentally gather information as part of their company activities, such as providing services, responding to requests and providing customer assistance, fulfilling legal and contractual duties, and developing innovative goods, which contribute to the mobile data protection market growth.
Some of this information is provided directly by consumers, such as when they purchase a product, contact customer service, or register for an event or publication. These firms also gather information from end users through their interactions with their services and websites, such as through the use of embedded product technology and cookies. Moreover, they also get information from third sources. Virtualization technology can help consumers safeguard endpoint programs and data while maintaining a positive user experience.
Hardware-based security features provide the performance needed to help safeguard apps and data while minimizing user impact. Payment Card Industry (PCI) security requirements are increasingly being met by retailers and other businesses that accept or process credit cards. These standards compel enterprises to improve their networks, safeguard stored customer data, and encrypt data in transmission over public networks, which is likely to assist in the expansion of mobile data protection growth.
Key companies help consumers reduce their risk of data breaches and examine their security posture and setups. It finds shared storage and database resources automatically. Furthermore, by detecting shadow IT on the cloud, their data is kept in SaaS apps. Furthermore, the adoption of mobile data protection may increase amongst stores that accept credit cards and maintain tight access controls, test and monitor access on a regular basis, and have an information security policy in place for workers and contractors.
Consumers may also receive notifications about unwanted and unlawful conduct, as well as capabilities to regulate it all through the Firewall. To keep businesses safe, the Firewall employs cutting-edge next-generation protection technologies such as deep learning and intrusion prevention. The demand for mobile data protection is expected to boost since certain market players are offering a secure Unified Endpoint Management (UEM) solution that allows enterprises to spend less time and effort managing and securing traditional and mobile endpoints.
The General Data Protection Regulation (GDPR) allows people in Europe more control over their personal data while also ensuring improved data security. However, enterprises throughout Europe are walking a tightrope when it comes to data storage and privacy, and they are hurrying to adopt data security protections across their infrastructure. By keeping their data and devices safe, key players may aid end-user efforts to comply with the GDPR and reduce the risk of fines. All these factors are anticipated to expand the global mobile data protection market size.
Protection of data from theft, loss, or misuse has become crucial practice in every enterprise, as breach of data can hamper brand image and result into severe losses. In the recent past, introduction of mobility has altered the operations within an organization globally. However, in spite of the fact that use of mobile or portable devices have brought in remarkable flexibility, it is also associated with potential data security risks.
Mobile data protection is the technology that protects enterprise as well as personal data from cyber-attacks, and other such activities. It inhibits unlicensed access, as well as offers advanced device protection from malware and provides firewalls, anti-virus solutions to the organizations. Mobile data protection facilitates enhanced encryption and decryption techniques within the system enabling the operators to safely store, access, and transfer data.
It primarily secures data stored on portable systems such smartphones, removable media, or even laptops. Moreover, increasing in adoption of portable devices for data storage among organizations in various sectors has resulted in a significant increase in deployment of mobile data protection as a step towards enhancing enterprise data security.
Increasing trends of portable devices among organisations, has resulted into severe threat of data loss, thus driving the adoption of mobile data protection solutions. In addition, the evolving work culture in organisations in various industries are widely adopting the trends of bring your own device, cloud and also social media, as well as stringent regulations in regards to data protection solutions as anticipated to further encourage the growth mobile data protection market.
On the other hand, some additional spending on implementation, training, and IT infrastructure maintenance, may result into restricting small and medium enterprise with limited budgets from adoption the solution, this acts as a restraint for the mobile data protection market.
Mobile data protection market is dominated by the North America, Asia Pacific Excl. Japan, and Western Europe region. Western Europe is expected to grow at a significantly as compared to the other region in the mobile data protection market and will see a good growth rate in the future. The European have recently laid down new data protection regulation means for organisations based in Europe - The General Data Protection Regulation (GDPR).
The regulation is anticipated to substantially increase the need for data protection solutions to comply with the stringent regulation, and thereby increase the demand for mobile data protection solution in the region. Eastern Europe is expected to see a moderate growth rate in the mobile data protection market, with a few enterprises looking to invest in this region.
Among the key players involved in mobile data protection market, Intel Corporation is one of the prominent players. Intel Corporation provided its mobile data protection software - McAfee Complete Data Protection-Advanced Suite, and McAfee ePolicy Orchestrator (McAfee ePO) software to UMIVALE which is a non-profit organization based in Spain, to increase protection against attacks, improve data monitoring and utilization and faster data protection. Other players in the mobile data protection market such as Sophos Ltd. Is focusing on organic as well as inorganic strategies to strengthen their position in the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Mobile data protection can be segmented on the basis of device type, operating system, user type verticals, and regions. On the basis of device type the market can be segmented into mobile phones, laptops, removable media and others. The operating systems can be segments as Mac OS, Windows, android, Linux, and others. Whereas the user type may include small & medium enterprises (SME) and large enterprises.
Mobile data protection market can be segmented on the basis of verticals such as retail, manufacturing, BFSI, healthcare, consumer goods, IT and telecommunication, media and entertainment, aerospace & defence, and others. Regionally mobile data protection market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
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Mobile Data Protection Market
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