Industry Background:
The smartphone security system is expected to accelerate in the coming years due to the coming 5G technology and other technological advancement in network connectivity. As the smartphone user worldwide is growing along with the concern of cybersecurity theft and vulnerabilities, the global smartphone security software will continue increasing. The smartphones, other portable computing devices and the wireless network connectivity they use need security solutions to protect them from threats and vulnerabilities. The smartphone security has become increasingly important in recent years as the number of devices operation has increased.
This growth is primarily driven by The Availability of Smartphone Money Services Such as Mobile-payment Systems, Rising Number of Cyber Crimes and Vulnerabilities Worldwide and Growing Consumption of Smartphones Around the World.
Globally, a noticeable market trend is evident Rising Use of Smartphone Security Software for the Prevailing Lost Smartphones Cases
. Major Players, such as Kaspersky Lab (Russia), McAfee, LLC (United States), Avast (Czech Republic), Cisco Systems, Inc (United States), Symantec Corporation (United States), BullGuard (United Kingdom), Fortinet, Inc. (United States), Quick Heal Technologies Limited (India) and DescriptionSophos Group plc (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th January 2020, Accenture disclosed its plans to acquire Symantec's Cyber Security Services. The Cyber Security Services of Symantec will boost the Accenture's Security as they are the leading providers of managed security services. This acquisition will be the latest in the series of acquisitions including those of Deja vu Security, iDefense, Maglan, Redcore, FusionX and Arismore.
On 24th Feb 2019, McAfee announced the extension of its partnership with Samsung to providing security to consumers from cybersecurity threats on Samsung Galaxy S10 smartphones which come pre-installed with anti-malware protection powered by McAfee Virus Scan. This will support Samsung Secure Wi-fi service that McAfee provided backend infrastructure to prevent consumers against the risks associated with Wi-fi service. In addition to mobile, the partnership expands to better protect Samsung smart TVs, as well as PCs and laptops.
Market Drivers
- The Availability of Smartphone Money Services Such as Mobile-payment Systems
- Rising Number of Cyber Crimes and Vulnerabilities Worldwide
- Growing Consumption of Smartphones Around the World
Market Trend
- Rising Use of Smartphone Security Software for the Prevailing Lost Smartphones Cases
- Adoption of Smartphone Security Software in Corporate Workin Operations Via Smartphones
Restraints
- The Fear of Risk of Data Theft and Hacking Despite Smartphone Security Software can be the Problems
- Less Awareness about Malware Attacks on Smartphone
Opportunities
Surging Cybersecurity Spending of People Worldwide will Boom Smartphone Security Software Market and The Advancement in Network Connectivity like coming 5G Technology will Boost the Smartphone Security Software Market
Challenges
Frequent Upgrades in Smartphone Security Software Might Hinder the Growth and Stiff Competition between Smartphone Security Software Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smartphone Security Software Study Sheds Light on
The Smartphone Security Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smartphone Security Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smartphone Security Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.