Anna Forrester
Research and Markets predicts that the global mobile data protection market will continue to experience fast-paced growth to reach a market value of $3.54 billion in five years at a compound annual growth rate of 22.4 percent from 2014 to 2019.
The firm said Friday that the risk of data loss and theft due to the growing adoption of bring-your-own-device practices at businesses as well as the increased volume and intensity of cyber attacks drive the demand for mobile data protection technology.
However, operational costs and the need for IT resources hinder adoption for companies with limited budgets, the market analyst noted in the report.
The study also discussed the roles of the following companies in the mobile data protection market:
- Cisco
- Check Point Software Technologies
- Dell
- EMC
- Hewlett-Packard
- Intel
- Microsoft
- Sophos
- Symantec
- Trend Micro
