Thursday, September 8, 2011

Global Smartphone Security Market to be Worth $2964.89 Million in 2016

DALLAS, September 8, 2011 /PRNewswire/ --



The report "Global Smartphone Security Market by Operating Systems, Ownership & Features (2011 - 2016)" defines and segments the global smartphone security market with analysis and forecasting of the global revenue for operating systems. It also identifies driving and restraining factors for the global smartphone security market with analysis of trends, opportunities, and challenges. The market is segmented and revenue is forecasted on the basis of major geographies such as North America,Europe, Asia-Pacific and Japan, and Rest of the World (ROW).
The global smartphone market is expected to grow in the coming five years. This growth is largely fueled by the need of security on smartphones due to increase in constant connectivity and demand for high bandwidth applications. This growth is particularly higher in geographies such as Europe and APJ due to the most widely used mobile payments application, especially for making payments for mobile digital & physical goods.
MarketsandMarkets expects the global smartphone security market to grow from $387.15 million in 2010 to $2964.89 million by 2016. Global smartphone security market for Android OS is the fastest growing one with a CAGR of 65.05% from 2011 to 2016 due to increasing number of applications.
The overall smartphone security market is expected to increase with a CAGR of 43.9%, major driving force being, high penetration of smartphones and rise in number of smartphone applications while lack of awareness among the masses remains the restraining factor. Key issue in the industry today is battery overdrain and mobile handset and security software incompatibility.
Key findings
  • To define and measure the global smartphone security market
  • To forecast the revenue of the global smartphone security market with respect to four main geographies; i.e. North America, Europe, Asia-Pacific & Japan, and ROW (Rest of the World)
  • To identify the major market trends and factors driving or inhibiting the growth of the global smartphone security market
  • To strategically analyze the market in each geography with respect to individual growth trends and contribution to the global smartphone security market
  • To analyze the opportunities in the market for the stakeholders by identifying high growth segments of the global smartphone security market
  • To strategically profile the key players of the global smartphone security market, and comprehensively analyze their market shares and core competencies in each segment
  • To track and analyze the competitive developments such as alliances, joint ventures, mergers and acquisitions in the global smartphone security market.

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MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
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