DUBLIN, March 7, 2016 /PRNewswire/ --
The global mobile anti-malware market is expected to reach a value of USD 5.70 billion by 2020, according to an industry report available from Research and Markets. The report notes that a rise in malware attacks on smartphones is the main driver of this market. The market could see further growth if Apple Inc is forced to create a backdoor for the iPhone currently at the center of a legal battle between Apple and the US government. Apple's software chief today said that performing such a task will potentially threaten the safety of millions.
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The iPhone in question belonged to a terrorist involved in a 2015 California shooting. Craig Federighi, chief designer of Apple's mobile operating software, said that creating a backdoor for just one iPhone would endanger the lives of millions. Federighi believes that once created, the backdoor software would be used by law enforcement anytime they wanted to access an iPhone involved in criminal activity. This, he argued, would result in a device weakness that could be exploited by hackers and criminals, putting the privacy and personal safety of millions of iPhone users at risk.
The global machine to machine network security market is forecast to grow at a CAGR of 24.5% by 2019, as revealed in a recent report. This forecast could be far higher if Federighi is correct in his predictions, as network providers will be forced to increase the security capabilities of their networks to combat advanced cyber attacks.
The global cyber security market will be worth USD 170.21 billion by 2020, as stated in an industry report. If the US government can successfully force Apple to provide a backdoor then this value will most likely see a notable increase, spurred on by concerned mobile developers, manufacturers and consumers.
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SOURCE Research and Markets