Mobile Anti-malware Market Will Reach USD 5,700.0 Million by 2020

Date: 2015-10-15

The mobile anti-malware market is concerned with the prevention, detection, and mitigation of sophisticated threats such as zero-day vulnerabililties and other advanced threats. These advanced threats can easily evade traditional network security, leaving enterprise networks at huge risks to the theft of valuable intellectual properties. Hence, enterprises are rapidly adopting multi-layered advanced threat protection towards protecting their business information.

The main drivers of the mobile anti-malware market include a rise in the number of sophasticated malware attacks on the smartphones and increased BYOD adoption among the organizations. The mobile anti-malware market comprises key players such as Symantec, Sophos, Malwarebytes, McAfee, AVG Technologies, Avast Software, Bitdefender, and others. These players adopted key business strategies such as new product developments, global expansions, mergers, partnerships, and acquisitions to retain their market share and cater to the needs of the end users such as SMBs and larege enterprises.

It expects the mobile anti-malware market size to grow from USD 2,495.2 million in 2015 to USD 5,700.0 million by 2020, at a CAGR of 18.0% from 2015 to 2020. The BFSI sector is expected to account for the largest market share during the forecast period. However, there are a few revenue pockets, namely govrenment and telecom and IT, which are also expected to witness significant growth in this period.

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