SOURCE: MarketResearch.com

MarketResearch.com

September 27, 2011 10:08 ET

Smartphone Security Market to Grow 44% Annually Through 2016

ROCKVILLE, MD--(Marketwire - Sep 27, 2011) - MarketResearch.com has announced the addition of the new report "Global Smartphone Security Market by Operating Systems, Ownership & Features (2011 - 2016)," to their collection of Cell Phones market reports. For more information, visit http://www.marketresearch.com/MarketsandMarkets-v3719/Global-Smartphone-Security-Operating-Systems-6567068/

The advancements in technology have made available a variety of features that were earlier accessible through personal computers to be easily accessed through mobile phones; for instance, web browsing, emailing, and others. Popularity of applications such as Facebook, Twitter, and others has increased the usage of mobile phones in order to update the status messages instantly on the move.

As the usage of smartphone is increasing, their vulnerability to viruses, spams and malwares floating on the web is also on the rise. Smartphones are also required to be made safe and secure as we do for personal computers. This has necessitated and boosted the growth of smartphone security market. Though PC viruses have been in existence for over 25 years, mobile viruses' have very recently started to enter in the market from about 2004 onwards.

MarketsandMarkets expects the global smartphone security market to grow from 387.15 million in 2010 to $2964.89 million by 2016 at a CAGR of 43.97% from 2011 to 2016. Key issue in the industry today is battery overdrain and mobile handset and security software incompatibility.

The overall smartphone security market is segmented on the basis of mobile operating systems, ownership, and features. Mobile operating systems consist of following operating systems: Symbian, Android, Windows Mobile, Blackberry, iOS, and Other OS. The market by ownership is segmented into individual and business segment. The market by features is segmented into anti-virus, anti-theft, anti-phishing, encryption, anti-spam, and others. Others include anti-malware, privacy audit, and parental control.

The global smartphone security market is segmented into four geographies: North America, Europe, Asia Pacific and Japan, and ROW (Rest of the world). Europe forms the largest segment with about 32% of the overall market, followed by North America whereas; APJ is the fastest growing region with a CAGR of 48.58%.

For more information, visit http://www.marketresearch.com/MarketsandMarkets-v3719/Global-Smartphone-Security-Operating-Systems-6567068/

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