The report forecasts the global mobile security software market to grow at a CAGR of 7.99% during the period 2016-2020.
Rising adoption of multi-factor authentication will be a key trend for market growth. Multi-factor authentication is a verification technique that uses two or more different authentication methods. This acts as an additional security layer and prevents unauthorized access to financial details of customers. Multi-factor authentication solutions incorporate the use of various authentication techniques such as smart cards, phone-based authentication, and biometrics technologies to authenticate payment transactions on mobile devices such as smartphones, tablets, and laptops. For instance, fingerprint biometrics can be used with phone-based authentication and smart card-based authentication to authenticate an individual for mobile payments. In addition, multi-factor authentication does not require the installation of any hardware.
According to the report, one of the key drivers for market growth will be increased access to high-speed internet with 3G and 4G networks. Technological advances in mobile networks are one of the major factors contributing to the growing adoption of the mobile security software. In developed countries, mobile operators are investing heavily to expand 3G and 4G networks. In 2014, the global 3G/4G connections were less than 50%, which will grow 30% of new connection by 2020.
Further, the report states that one of the challenges for the market will be misuse of advanced technologies by hackers.
- Kaspersky Lab
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Cyber attacks
PART 07: Emerging mobile security technology
PART 08: Market size and forecast
PART 09: Geographical segmentation
PART 10: Buying criteria
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces analysis
PART 17: Vendor landscape
PART 18: Key vendor profiles
PART 19: Assumptions
PART 20: Appendix
For related information on this topic, check out the Computing and Technology section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/h82wcr/global_mobile
Research and Markets
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SOURCE Research and Markets