Mobile device security software market to grow to $3.4 bn in 2018: Infonetics

The mobile device security software market grew 40 percent to cross the billion-dollar mark in 2013 and we expect it to grow to $3.4 billion in 2018, said Infonetics Research.

Worldwide revenue for mobile device security client software is up 10 percent sequentially in 4Q13, to $385 million.

Asia Pacific accounted for 34 percent of security client revenue in 2013, followed closely by North America (32 percent) and EMEA (31 percent); Latin America came in a very distant fourth.

Though North America lags behind EMEA and Asia Pacific in total smartphone shipments, it has strong security client adoption relative to the other regions.

Mobile Devices

In 2013, enterprise mobile clients comprised 51 percent of the total security client market, while consumer mobile security clients made up 49 percent.

“The triple threat of bring-your-own-device (BYOD) as a dominant enterprise trend, an increasingly hostile threat environment, and the deluge of frightening revelations about privacy courtesy of the NSA is forcing enterprises and consumers to invest real money in mobile device security,” said Jeff Wilson, principal analyst for security at Infonetics Research.

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