Mobile Data Protection (MDP) Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3956
Mobile Data Protection Market size is estimated to grow at a significant CAGR from 2019 to 2025 due to growing need to protect personal and organizational data from cyberattacks, malicious attacks, network threats, fraudulent activities, and privacy breaches. Several enterprises across various sectors are rapidly adopting cloud integration and BYOD policy, resulting in the rising demand for MDP solutions. The increasing use of mobile devices among enterprises is contributing to MDP market growth.
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. 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.
The presence of dynamic business environments coupled with the increasing adoption of several technological advancements, such as cloud and social media, has further increased the amount of data generation among organizations. Additionally, with the rising adoption of mobile devices among enterprises, data is being accessed & transferred on these mobile devices, resulting in the vulnerable loss of sensitive data; hence, MDP solutions play a key role in data security among enterprises for securing organizational data.
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. 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.
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.
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.
Mobile Data Protection (MDP) Market, By Component, 2014-2025 (USD Million)
- Mobile Data Protection (MDP)
- Data Loss Prevention (DLP)
- Mobile Device Management (MDM)
- Training & Support
- 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)
By End-Use, 2014-2025 (USD Million)
- Aerospace & Defense
- Energy & Utilities
- Government & Public Sector
- Travel & Hospitality
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Check Point Software Technologies Ltd.
- Cisco Systems, Inc.
- Dell Inc.
- Hewlett Packard Enterprises
- Intel Corporation
- Microsoft Corporation
- Sophos Group plc
- Symantec Corporation
- Trend Micro, Inc.
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