Global Smartphone Security Market size was valued at US$ 5.87 Bn. in 2020 and the total revenue is expected to grow at 39.8 % through 2021 to 2027, reaching nearly US$ 61.26 Bn.
Global Smartphone Security Market Overview:
The market for smartphone security was valued at US$ 5.87 billion in 2020; by 2027, it is anticipated to have grown to US$ 61.26 billion, with a CAGR of 39.8% throughout that time. Mobile phones are now particularly vulnerable to cyberattacks, data leaks, malware, ransomware, and risky Wi-Fi networks. The creation of a cyber-defense strategy is the aim of mobile security. Smartwatches, tablets, and smartphones are all simple targets for thieves who want to steal pricey, confidential information. To shield their devices from a range of security risks, both private users and companies have turned to smartphone security.
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Global Smartphone Security Market Segmentation:
Based on the Features, the global Smartphone Security market is sub-segmented into Anti-Theft and Data Encryption. The Data Encryption segment held the largest market share in 2020. Encryption is a safe method of locking a device using passwords and other similar methods. Because mobile phone theft and loss are so common, it's critical to encrypt confidential and private data on the device. However, just around a fifth of smartphone owners used encryption to secure their devices. So, this major factor will drive the growth of smartphone security market during the forecast period.
Based on the Operating System, the global Smartphone Security market is sub-segmented into Android, Windows and Blackberry. The Android segment held the largest market share in 2020. As a result, a big number of corporate giants, such as Samsung, HTC, Panasonic, and others, are investing in this market. Additionally, Because Android operates so many smartphones these days; hackers are more likely to target it. Because of its global popularity, the Android operating system is a more tempting target for hackers. As a result, malware and viruses disseminated by these cybercriminals are more vulnerable to Android cellphones.
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Global Smartphone Security Market Key Players:
• Ahnlab Inc • Avast Software A.S • Bitdefender Llc • Certicom Corporation • Eset • Spol.S.R.O. • Juniper Networks Inc • Mcafee Inc • Lookout Inc • Trend Micro Inc • F-Secure Corporation • Netqin Mobile Inc • Quick Heal Technologies(P) Ltd • Panda Security S.L • Columbitech AB • Symantec • Sybase Inc • Hauri Inc • Sophos Ltd • Kaspersky Lab
The report includes aspects like company size, market share, market growth, revenue, production volume, and profitability for the Global Smartphone Security market's major players. The report reveals what growth methods important businesses are employing, such as strategic partnerships, new product innovation, and so on. Also, it informs you whether you're competing with firms or with alternative solutions. The study aids in knowing rival pricing in the Global Smartphone Security market in order to assess and design a pricing strategy that is appropriate.
Global Smartphone Security Market Regional Analysis:
During this crisis, the report provides a comprehensive examination of options, challenging conditions, and difficult situations in the Global Smartphone Security market. The reports assist you in developing market strategies that are relevant and suited for certain nations and regions. In addition, the study includes a collection of principles that should help in establishing and creating a corporate strategy.
Global Smartphone Security Market Regional Analysis Includes:
1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
3. North America (the United States, Mexico, and Canada.)
4. South America (Brazil etc.)
5. The Middle East and Africa (GCC Countries and Egypt.)
COVID-19 Impact Analysis on Global Smartphone Security Market:
The report details the influence of COVID-19 on the Global Smartphone Security market in North America, Asia Pacific, the Middle East, Europe, and South America. The paper presents a comprehensive review of the Global Smartphone Security market's choices, challenging conditions, and difficult possibilities during this crisis. The paper summarises the benefits and challenges in terms of financing and market growth obtained during the COVID-19. Additionally, the report provides a collection of principles that are designed to assist readers in determining and creating a strategy for their firm.
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