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 bring your own device (BYOD) policies and enterprises mobility solution among the organizations. As the adoption of the smartphones and tablets are increasing rapidly across the globe, the enterprises are shifting towards BYOD policies to provide flexibility of using own devices for work purpose and reduce the capital cost of IT infrastructure. However, as the employees started using their own devices at workplace, the risk of data theft and unauthorized access to enterprise data also rises.
To address these challenges, the enterprises are adopting the mobile data protection solutions and services to protect their data. The increasing incidence of the cyber attacks and data breaches across the globe is also acting as the major force propelling the market growth. However, the growing demand among the organization for competent management of data is inhibiting the growth of the market. Besides, low awareness about the mobile data protection solution along with the high initial cost is also restricting the growth of the market. Additionally, growing adoption of the heterogeneous platforms of devices is acting as a burning issue among the market players.
Market Synopsis
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Cloud Deployment Model to Grow Significantly During the Forecast Period
The mobile data protection solution and services market is segmented based on the deployment into on-premise and cloud model. The on-premise deployment model accounted for more than 60% share in the market revenue in 2018. The growth of the market is attributed to the robust security offered by the model. However, cloud deployment model is estimated gain 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 acts as a major driver for the market.
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North America is Leading the Mobile Data Protection Solution and Services Market
North America dominated the mobile data protection solution and services market with 34% share in the 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 the smartphone and tablet users in the region also fosters the growth of the market. Additionally, the increasing cyber attacks in the region is also encouraging the adoption of the mobile data protection solution and services.
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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. Compounded Annual Growth Rate (CAGR) for each respective segment 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 global mobile data protection solution and services market based on solution, service, deployment, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Solution Segment (2017–2027; US$ Bn)
• Mobile Data Protection (MDP)
• Data Loss Prevention (DLP)
• Mobile Device Management (MDM)
|
|
Service Segment (2017–2027; US$ Bn)
• Implementation
• Training and Support
• Consulting
• Managed Services
|
|
Enterprises Segment (2017–2027; US$ Bn)
• Cloud
• On-Premise
|
|
Application Segment (2017–2027; US$ Bn)
• BFSI
• Government & Public Sector
• Healthcare
• Manufacturing
• Media & Entertainment
• Retail
• Telecom & IT
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of mobile data protection solution and services in 2018 and forecast up to 2027?
- Which is the largest regional market for mobile data protection solution and services?
- What are the major trends followed in mobile data protection solution and services market across different regions?
- Who are the key companies in the mobile data protection solution and services market?
- What are the key strategies adopted by the leading mobile data protection solution and services companies in market?
Unique data points of this report
- Statistics on mobile data protection solution and services and spending worldwide
- Recent trends across different regions in terms of adoption of mobile data protection solution and services across applications
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
