Research and Markets‘ latest report on the global mobile security market projects a 30.7 percent compound annual growth rate through 2019 to reach a market value of $5.75 billion.
The company said Wednesday the demand for smartphones and other smart devices, upgrades on mobility software and integration of mobile security with cloud service requirements will drive market growth.
The Asia-Pacific region will see the biggest growth over the forecast period, particularly in the mobile data protection and mobile application management segments, according to the report.
Companies included in the market analysis are:
- AirPatrol Corp.
- Alcatel-Lucent
- Apple
- Check Point
- F5 Networks
- IBM
- Intel
- SAP
- Symantec
- VMware