Mobile Data Protection Market 2019 Share Analysis and The Contribution Of The Prominent Contenders
Category: #headlines  By Partha Ray  Date: 2019-12-17
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Mobile Data Protection Market 2019 Share Analysis and The Contribution Of The Prominent Contenders

The Asia Pacific mobile data protection (MDP) market is expected to grow significantly due to the increasing number of cyberattacks across various sectors in the region. For instance, the average economic cost of cyberattacks is estimated to be over USD 10 million for enterprises across India. Enterprises in the region are rapidly embracing MDP solutions to secure their IT infrastructure. 

North America held a significant mobile data protection market share in 2018 and is estimated to dominate the industry share over the forecast timeline. The market growth is attributed to the rapid adoption of MDP solutions among almost all enterprises present in the region. Additionally, the presence of prominent market players, such as Microsoft, Cisco, and Symantec, in the region is fueling the market growth.

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Some of the other major players operating in the mobile data protection market are Check Point Software Technologies Ltd., Cisco Systems, Inc., Dell, Inc., Hewlett Packard Enterprises, Intel Corporation, Microsoft Corporation, Sophos Group plc, Symantec Corporation, and Trend Micro, Inc.

The growing indispensable need for compliance with standards and rising security concerns related to data loss are driving mobile data protection market growth. The enterprises are rapidly deploying MDP solutions to safeguard their data from threats, attacks, and losses. MDP solution plays a key role in securing data, which forms the most valuable assets for organizations and in safeguarding the privacy of its employees and content.

Mobile Data Protection (MDP) solution providers are focusing on strategic alliances with other market players to improve their offerings and expand their geographical presence. For instance, in November 2018, Symantec Corporation acquired Appthority, which offers a comprehensive mobile application security analysis. This technology will provide Symantec customers the critical ability to analyze mobile apps for both malicious capabilities and unsafe & unwanted behaviors such as risk of sensitive data loss, vulnerabilities, and privacy-invasive actions. The acquisition is anticipated to improve MDP solutions for Symantec.

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Additionally, it provides advanced endpoint data & device protection, prevents unauthorized access, and protects hardware devices from malware. It also offers enhanced encryption techniques within the system. The growing demand for web security, intrusion prevention, anti-virus solutions, advanced firewalls, and anti-spam techniques among enterprises is proliferating the mobile data protection market.

Mobile Data Protection (MDP) Market, By Component, 2014-2025 (USD Million)

  • Solutions
    • Mobile Data Protection (MDP)
    • Data Loss Prevention (DLP)
    • Mobile Device Management (MDM)
  • Services
    • Implementation
    • Training & Support
    • Consulting
    • Managed Services

 Mobile Data Protection Market, By Enterprise Size, 2014-2025 (USD Million)

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises  

MDP Market, By Deployment Model, 2014-2025 (USD Million)

  • On-premise
  • Cloud

By End-Use, 2014-2025 (USD Million)

  • Aerospace & Defense
  • BFSI
  • Education
  • Energy & Utilities
  • Government & Public Sector
  • Healthcare
  • Manufacturing
  • Retail
  • Telecom
  • Travel & Hospitality
  • Others

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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