Research forecasts have revealed that the mobile security market is set to reach 2017 with an estimated value of $10.7 billion.
The projections for this five-year period are based on the performance of three market segments: mobile application security, mobile hardware security and mobile security services. While the first two categories provide the basics on which mobile security is built, services are said to play the biggest part in the predicted growth of the global mobile security market. Professional offerings such as managed services, security readiness assessments and penetration testing etc. will increasingly contribute to maturity.
The enterprise sector is said to be the primary target for mobile security services providers, mainly due to the accelerating trend for incorporating mobile devices into the workplace. The numbers of smartphones and tablets used for work continues to rise at a very fast rate.
A number of companies will invest more in-house to tackle security challenges but it is thought that the majority will instead turn to the ever-expanding choice of mobile security solutions provided by specialised third-party developers. The forecast also revealed that comprehensive service suites will be particularly sought-after on the European market.