Mobile Data Protection Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Mobile Data Protection Market Analysis
The Mobile Data Protection market is expected to register a CAGR of 29 % during the forecast period. Mobile data protection (MDP) products and services are software security techniques that protect access to encrypted data stored on end-user workstation mass storage systems to enforce confidentiality standards.
Data has become more accessible than ever due to the rise of mobile devices worldwide and the advancement of data accessibility strategies. Businesses have benefited by making quick business judgments thanks to the permission to utilize smart devices for accessing corporate data anywhere.
Also, these significant improvements in mobile data accessibility have increased company profitability and boosted their corporate efficiency. However, this large amount of data that resides within the organizations and regularly goes over the network runs the continual danger of being altered and exploited. Enterprises have been seriously exploring using mobile data protection solutions to safeguard this data uniformly.
To improve mobile data security, the mobile data protection industry is gaining pace across various end-user sectors. The market is observing a strong trend that includes growing BYOD acceptance among enterprises and increasing the volume of mobile data being used, among other factors.
Furthermore, data transfer has increased the risk of data loss and unauthorized data processing theft, along with discovering strategies to protect data, as mobile production might hamper the market growth.
Due to COVID-19, commercial and social activities moved to online data privacy, and protection was increased, positively impacting the market's growth.
Mobile Data Protection Industry Segmentation
Mobile Data Protection is a technology that applies data privacy guidelines by using data encryption on the principal storage system of a workstation in various data storage platforms, such as solid-state disks, removable media, and hard drives used in integration with smartphones & workstations. It consists of an offline/stand-alone agent for removable media, an active endpoint agent for the target device, and a central console. Mobile Data Protection secures data on mobile storage systems, including removable media, smartphones, and laptops. It also provides unified protection policies across multiple platforms.
The Mobile Data Protection Market is segmented by type (Software, Services), Deployment (On-premises, Cloud), enterprise (Large Enterprise, Small & Medium Enterprise), end-user industry (BFSI, Healthcare, Retail, Hospitality, Transport), and geography ((North America, Europe, Asia Pacific, South America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments ).
|Small & Medium Enterprise|
|By End-user Industry|
|Middle East and Africa|
Mobile Data Protection Market Trends
Increasing Adoption of Mobile Payment Solutions will Drive the Mobile Data Protection Market
Mobile data breaches have dramatically increased due to the rise in mobile payments, which has significantly impacted the mobile data protection market. Among all payment options, mobile payments are growing the fastest. Mobile data has increased as a result of this growth.
Additionally, the market for mobile data protection is anticipated to grow further due to the proliferation of mobile wallets like Apple pay, Android pay, and Walmart pay. Over the projection period, there will likely be a rise in demand for mobile data protection due to the increasing use of smartphones for making payments.
Retail has evolved into a mobile function with the rise in mobile e-wallets. Security problems in digital wallets must drive the mobile protection market because the arrival of 5G will accelerate retail technology innovation, benefiting customers.
Similar to how trends like "bring your device," "cloud computing," and "online media," as well as strict legislation for mobile data protection, are expected to support the growth of the mobile data protection industry across enterprises of all sizes.
Also, the proliferation of smartphones worldwide and the growth of the e-commerce sector in the developing mobile payments data protection market are the main factors driving the industry's rise.
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North America Anticipated to Dominate the Mobile Data Protection Market
Due to the early adoption of data security by American businesses and the presence of numerous mobile data protection vendors in the region, which would help to consolidate the majority of revenues in the mobile data protection market, North America is predicted to dominate the global market for mobile data protection. Also, this region has a relatively high acceptance rate for cloud technology.
North America is the most significant contributor to the global IT BFSI market, which is the primary market for mobile data protection. Furthermore, businesses that offer security services are working due to strict government rules. Also, the area leads the market for mobile data protection because it has one of the highest smartphone usage rates among all industries.
Also, a significant trend for the North American industry is the growing use of IoT devices, such as BYOD, to access banking and healthcare services, which indicates a significant market opportunity for mobile data protection.
Moreover, these significant developments in mobile data protection have increased their profitability and corporate productivity across the region. The demand for mobile data protection solutions is growing as enterprises utilize mobile data protection solutions to protect data in a unified manner.
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Mobile Data Protection Industry Overview
The Mobile Data Protection Solutions Market is a highly fragmented, niche market with a limited number of vendors. The key industry players primarily engage in partnerships and acquisitions to develop innovative products. The market is highly fragmented and intensely competitive, marked by a constantly-evolving technological landscape and standards. There has been a rise in manufacturers offering data and information management solutions using their resources and capabilities. They are further extending their product portfolios by undertaking mergers & acquisitions.
In February 2023, Hewlett Packard Enterprise Development LP announced the expansion of its connected edge-to-cloud offering with the acquisition of Athonet. This private cellular network technology provider delivers mobile core networks to enterprises and communication service providers. They are combined with the HPE telco and Aruba networking portfolios. With enterprises facing complex connectivity challenges across large and remote sites, private 5G offers high coverage, reliability, and mobility across campus and industrial environments.
In November 2022, Trend Micro Incorporated has announced a new protection deployment model that delivers excellent value to security and development teams. The new offering directly responds to security teams sharing how they often battle to keep pace with the speed of application change in public cloud environments. Developers rapidly deploy new and updated application resources, and security controls must be effectively deployed for all resources.
Mobile Data Protection Market Leaders
Hewlett Packard Enterprise Development LP
Broadcom Inc. (Symantec Corporation)
Trend Micro Incorporated
*Disclaimer: Major Players sorted in no particular order
Mobile Data Protection Market News
- February 2023: Hewlett Packard Enterprise Development LP and Nokia have announced expanding their existing partnership to offer an open and competitive Cloud RAN solution to Communication Service Providers (CSPs) and enterprises worldwide. At the same time, the expanded partnership will allow HPE telco servers to be available to Nokia Mobile Networks customers globally when Cloud RAN is being deployed in the CSP network.
- February 2023: Trend Micro Incorporated has announced the signing of a definitive agreement to acquire Anlyz, one of the leading providers of security operations center (SOC) technology. The acquisition will extend Trend’s orchestration, automation, and integration capabilities and enable enterprises and Managed Security Service Providers (MSSPs) to improve operational efficiencies, cost-effectiveness, and security outcomes.
Mobile Data Protection Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of Mobile Payment Solutions will Drive the Mobile Data Protection Market
5.1.2 Increasing Bring Your Own Devices (BYOD) Trend among Organisations
5.2 Market Restraints
5.2.1 Issues of Functional Interoperability due to the Presence of Multiple Platform Devices will Restrain the Market Growth
6. MARKET SEGMENTATION
6.1 By Type
6.2 By Deployment
6.3 By Enterprise
6.3.1 Large Enterprise
6.3.2 Small & Medium Enterprise
6.4 By End-user Industry
6.5 By Geography
6.5.1 North America
6.5.3 Asia Pacific
6.5.4 South America
6.5.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Dell Inc.
7.1.2 Microsoft Corporation
7.1.3 Hewlett Packard Enterprise Development LP
7.1.4 Broadcom Inc. (Symantec Corporation)
7.1.5 Trend Micro Incorporated
7.1.6 McAfee LLC
7.1.7 Check Point Software Technologies Ltd.
7.1.8 Cisco Systems, Inc.
7.1.9 Thales Group (Gemalto N.V.)
7.1.10 CipherCloud, Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mobile Data Protection Market Research FAQs
What is the study period of this market?
The Mobile Data Protection Market is studied from 2018 - 2028.
What is the growth rate of Mobile Data Protection Market?
The Mobile Data Protection Market is growing at a CAGR of 29% over the next 5 years.
Which region has highest growth rate in Mobile Data Protection Market?
Asia Pacific is growing at the highest CAGR over 2021 - 2026.
Which region has largest share in Mobile Data Protection Market?
North America holds highest share in 2022.
Who are the key players in Mobile Data Protection Market?
Dell Inc., Microsoft Corporation, Hewlett Packard Enterprise Development LP, Broadcom Inc. (Symantec Corporation), Trend Micro Incorporated are the major companies operating in Mobile Data Protection Market.
Mobile Data Protection Industry Report
Statistics for the 2023 Mobile Data Protection market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mobile Data Protection analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.