According to a new market research report published by Credence Research “Global Mobile Data Protection Solution and Services Market (Solution (Mobile Data Protection (MDP), Data Loss Prevention (DLP), Mobile Device Management (MDM)); Service (Implementation, Training and Support, Consulting, Managed Services); Deployment (Cloud, On-Premise) Application (BFSI, Government & Public Sector, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & IT, Others)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the mobile data protection solution and services market is set to grow with a CAGR of 21.5% during the forecast period.
The global mobile data protection solution and services market is driven by the increasing adoption of the cloud computing and advance technologies across the organization. As the organizations are shifting towards digital technologies, the amount of data generated is also mounting. As a result, the need to protect the data from the malicious activities leakage also rises. This is augmenting the demand for the mobile data protection solutions among the enterprises.
The stringent government regulation across the globe for the safety and protection of the data is also serving as a primary driver for the market growth. The governments across the globe as lunched several regulations and guideline for the protection of the data across industries. For instance, General Data Protection Regulation in Europe, Health Insurance Portability and Accountability Act in U.S. for healthcare data protection. These regulations are mandating the use of data protection solution among the enterprises, which in turn is driving the market growth.
The mobile data protection solution and services market is segmented based on the application into the BFSI, government & public sector, healthcare, manufacturing, media & entertainment, retail, telecom & IT sector. IT & Telecom is estimated to account for majority share in the market. The increasing digitalization across the industry is acting as the primary factor supporting the market growth. However, healthcare is estimated to grow significantly during the forecast period.
The Asia Pacific is anticipated to grow at annual growth rate of over 23.2% during the forecast period. The market is driven by the increasing adoption of the smartphones and tablets across the region. More than 50% of the smartphone users across the globe resides the region. Furthermore, the increasing adoption of the enterprises mobility solution across the region is driving the market growth.
The major vendors in the mobile data protection solution and services market are Cisco Systems Inc, CheckPoint Software Technologies Pvt. Ltd., Dell Inc, EMC Corporation, Gemalto NV, Hewlett-Packard, Intel Corporation, McAfee LLC, Microsoft Corporation, Sophos, Symantec Corporation, and Trend Micro Inc.
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