LONDON--(BUSINESS WIRE)--The global smartphone security software market is set to reach nearly $3 billion by 2017, according to a new report available on companiesandmarkets.com. The smartphone security software security market will be driven by increasing smartphone adoption, especially in the corporate sector. Furthermore, the Asia-Pacific market will also drive demand in the smartphone security software market.
Smartphone Security Software: A Global Strategic Business Report
Fears over data loss through smartphones is driving the smartphone security market. Demand for smartphone security software within the corporate sector will be driven by the increasing use of smartphones for corporate communications. This in turn requires compliancy, information and network security, cost management and patch management.
Smartphone security software has become a significant revenue generator for vendors due to heightened perceived data security threat among smartphone users. With only about 23% of smartphone users having enabled security software, the smartphone security software market has immense potential.
Europe is the largest regional market. Asia-Pacific is the fastest growing regional market, with revenues from the region growing at a CAGR of about 49.5% over the analysis period. Growth in the Asia-Pacific smartphone security software market is primarily driven by robust demand for smartphones in emerging countries such as China and India.
Major players in the marketplace include Airscanner USA, AVG Technologies, Birdstep Technology ASA, BullGuard Ltd., Columbitech AB, ESET, F-Secure Corporation, Good Technology Inc., SMobile Systems Inc., Kaspersky Lab, Lookout Inc, McAfee Inc., Certicom Corp., Symantec Corporation, Trend Micro Incorporated, Wavelink Corporation, among others.
The research report titled Smartphone Security Software: A Global Strategic Business Report provides a comprehensive review of market trends, growth drivers, issues, company profiles, and key strategic industry activities. Market estimates and projections are presented for major geographic markets including US, Canada, Japan Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific and Rest of World.