Mobile Data Protection Solution And Services Market By Solution (Mobile Data Protection, Data Loss Prevention, Mobile Device Management), By Service (Implementation, Training & Support, Managed Service), By Deployment (On-Premise, Cloud), By Application (Government & Public Support, Manufacturing, Telecom & It, Retail, Healthcare, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Increasing Adoption of BYOD is Driving the Growth of Mobile Data Protection Solution and Services Market
Globally, the mobile data protection solution and services market is expected to grow with a CAGR of 21.5% during the forecast period from 2019 to 2027. The growth of the market is driven by the increasing adoption of bringing your device (BYOD) policies and enterprise mobility solutions among organizations. As the adoption of smartphones and tablets are increasing rapidly across the globe, enterprises are shifting towards BYOD policies to provide flexibility in using their own devices for work purpose and reduce the capital cost of IT infrastructure. However, as the employees started using their own devices at the workplace, the risk of data theft and unauthorized access to enterprise data also rises.
To address these challenges, enterprises are adopting mobile data protection solutions and services to protect their data. In addition, the increasing incidence of cyber-attacks and data breaches across the globe is also acting as the major force propelling the market growth. However, the growing demand among organizations for competent data management is inhibiting the market's growth. Besides, low awareness about the mobile data protection solution, along with the high initial cost is also restricting the growth of the market. Additionally, the growing adoption of heterogeneous device platforms is a burning issue among the market players.
Market Synopsis
Cloud Deployment Model to Grow Significantly During the Forecast Period
The mobile data protection solution and services market is segmented on deployment into on-premise and cloud models. The on-premise deployment model accounted for more than 60% share of the market revenue in 2018. The growth of the market is attributed to the robust security offered by the model. However, the cloud deployment model is estimated to gain a lot of traction throughout the forecast period. The growth of the market is driven by the cost-effective nature of the model. Furthermore, the scalability and flexibility offered by the model also act as a major driver for the market.
North America is Leading the Mobile Data Protection Solution and Services Market
North America dominated the mobile data protection solution and services market with a 34% share in revenue in 2018. The early adoption of the BYOD policy and enterprise mobility among the organizations in the region is the primary factor supporting the market growth. Furthermore, the increasing adoption of smartphone and tablet users in the region also fosters the growth of the market. Additionally, the increasing cyber-attacks in the region are encouraging the adoption of mobile data protection solutions and services.
The key players in the mobile data protection solution and services market are Cisco Systems Inc, CheckPoint Software Technologies Pvt. Ltd., Dell Inc, EMC Corporation, Gemalto NV, Hewlett-Packard, Intel Corporation, McAfee LLC, Microsoft Corporation, Sophos, Symantec Corporation, and Trend Micro Inc.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The mobile data protection solution and services market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global mobile data protection solution and services market based on solution, service, deployment, application, and geography.
Frequently Asked Questions:
The market for Mobile Data Protection Solution And Services is expected to reach US$ XX Bn by 2027.
The Mobile Data Protection Solution And Services market is expected to see significant CAGR growth over the coming years, at 21.5%.
The report is forecasted from 2019-2027.
The base year of this report is 2021.
Cisco Corporation, Checkpoint Software, Dell Inc., EMC Corporation, Gemalto NV, Hewlett-Packard, Intel Corporation are some of the major players in the global market.
