Mobile Security Products to be Incorporated in Almost 250 Million Handsets by 2011
The market for mobile security products, including anti-virus, VPN, data and file encryption and mobile identity management applications, will reach almost USD 5 billion by 2011 and be installed on 247m mobile phones by that time, as per a report by Juniper Research.
The factors driving this new market segment include:
* The security risk of identity theft * The unauthorised access to corporate networks by mobile devices * The growing threat of mobile viruses and malware * Corporate governance and state legislation * The increased dependence by mobile users on the delivery and storage of critical data on their mobile phones
Juniper Research interviewed representatives of various mobile security vendors to gather information about the current and near-future status of the mobile security market. Highlights from the study include:
* The biggest mobile security opportunity will be in the secure mobile content sector (anti-virus, anti-spam, anti-spyware and content filtering) with 40% of the total market * Mobile biometric solutions will contribute some USD 268million worth of revenue of the total mobile identity and access management market (USD 1.36billion) by 2011 * An increase of nearly USD 4billion from the 2006 figure of USD 827million to create a combined mobile security market worth USD 4.8billion by 2011 * By 2011, 247million mobile users worldwide (just under 8% of total) will be using their mobile security products on their mobile phones
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