• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Valuates Forecasts $188 Billion Mobile Security Market

January 7, 2021

Valuates Reports believes that the international mobile security market will skyrocket in the next few years. The firm specifically predicts that the market will hit $188.89 billion by 2027, based on a 2019 valuation of $19.83 billion and a CAGR of 25.8 percent for the forecast period.

Valuates Forecasts $188 Billion Mobile Security Market

According to Valuates, that growth reflects the rising interest in online payments, and the increasing popularity of Bring Your Own Device policies in the workplace. Technology providers need to be able to ensure that mobile devices are secure in order to build trust with customers and make the public feel more comfortable using those channels.

The anticipated growth of the mobile security market suggests that technology providers will spend the next few years working to meet that demand. Valuates also noted the mobile landscape has shifted in response to COVID-19. The pandemic forced many organizations to transition to a remote work environment, which in turn created a sudden need for more robust mobile infrastructure and security solutions that could protect a decentralized network.

By the same token, Valuates expects to see more mobile OS security patches as providers try to guard against a rising number of mobile-oriented malware attacks. The expanding mobile ecosystem will draw the attention of cybercriminals, and new security apps will be needed to respond to that emerging threat, especially as more people start to use their mobile devices for banking and other financial applications.

North America is currently the largest market for mobile security solutions, and is expected to remain so thanks to large investments from the enterprise sector. However, the Asia-Pacific region will display the most growth, due to increased smartphone usage and expanding network connectivity.  

Valuates has previously predicted that the gesture recognition market will hit $34.3 billion by 2025. MarketsandMarkets, meanwhile, expects the overall security market to reach $373 billion as early as 2022.

Filed Under: Industry News Tagged With: Bring Your Own Device, BYOD, industry forecasts, industry trends, market forecasts, market reports, market trends, mobile security, mobile security market, Valuates Reports

Related News & Articles

Amex App Gets Face Unlock on Pixel 4

Jumio Wins Another Golden Bridge Award

Experian Brings More Biometrics to its CrossCore Platform

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion
  • ‘All Partners Remain Committed’ to Digital Travel ID Project: Transport Canada
  • North Carolina DMV Seeks Political Support for MDL

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld