A new MarketsandMarkets report indicates that the mobile data protection market will be worth $3.54 billion by 2019 due to the demand for measures that protect enterprise data as companies adopt bring-your-own-device and other mobility practices.
The firm said Friday that the market value will climb at a compound annual growth rate of 22.4 percent over the next five years, driven by increasing incidents of cyber attacks, concern over data loss, standards compliance and a dynamic business environment.
North America is forecasted to be the biggest market for mobile data protection solutions, the report said.
The prominent vendors in the market are:
- Check Point Software Technologies
- Cisco Systems
- Intel Corp.
- Microsoft Corp.
- Symantec Corp.
Mobile data protection includes endpoint data and device security, system encryption, Web security, intrusion prevention, firewalls, anti-virus and anti-spam functions.
These measures help prevent data loss, tampering, privacy breaches, fraud, unauthorized access and other threats as information travels between networks and devices, MarketsandMarkets said.