Global Smartphone Security Market- Technologies, Market share and Industry Forecast to 2024

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Oct 18, 2018, 19:00 ET

LONDON, Oct. 18, 2018 /PRNewswire/ -- Global smartphone security market is anticipated to grow at the CAGR of 46.1% during 2017-2024. The major opportunities for the market are advancement in technology and development of the cloud security software. The major driving factor of the market are increasing cyber-attacks, rise in smartphone internet users, upsurge in number of online applications and increase in the number of smartphone users. Moreover, challenge of the market is stiff competition with freeware.

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Increasing number of internet users is the key factor which helps to drive the global smartphone security market. In 2015, more than 3.18 billion peoples were using internet that means 43.4% of total world population. It has been analysed that more than 2.7% internet users are growing every year. In addition to this, increasing demand for internet is also donating significantly towards the growth of smartphone security market. Owing to technological progressions and increasing number of mobile internet users, the smartphone security market has observed remarkable developments.

Based on the segmentation, the global smartphone security market is segmented into operating systems, user-type, and features. The operating system segment is further segmented into android, iPhone iOS, blackberry, and Others. Android segment is the dominating segment as it has gained the support of numerus smartphone manufacturers such as HTC, Samsung, and Sony. The user-type segment is divided into enterprise and consumers. In addition to this feature segment is further segmented into anti-virus, anti-theft, data encryption and others.

Geographically, global smartphone security market report has been segmented in North America (U.S. & Canada), Asia Pacific (China, India, Japan, RoAPAC), Europe (UK, France, Germany, RoE) and Rest of World. Europe is the dominating region in the year 2016. Due to the growing number of mobile internet subscribers. Mobile phones or smart phones were used by around 79% of internet users to surf the internet in Europe. Moreover, nine out of ten enterprises in the Europe had access internet through a mobile or fixed broadband connection and over two thirds of all enterprises used a mobile connection and providing staff with smartphones for business usage. Asia pacific is anticipated to be the fastest growing region during the forecast period. The fastest growth is attributed due to growing personal disposable income and growing number of internet subscribers. Some of the major players of the global smartphone security market are Ahnlab Inc, Avast Software A.S, Bitdefender Llc, Certicom Corporation, Eset, Spol. S.R.O., Juniper Networks Inc, Mcafee Inc and Others.

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