MarketsandMarkets: Mobile Data Protection Market to Grow at 22.4% CAGR Through 2019

mobilityA 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.

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