Mobility, BYOD spurs $4.5B mobile security market

Fueled by enterprise mobility and the increasing BYOD trend, the mobile security market is forecast by Visiongain to be $4.5 billion this year.

Mobile security is upper most in the minds of enterprises these days. As we reported earlier this week, mobile security was identified as the top mobility priority of 400 mid-market and enterprise IT decision makers surveyed by Illuminas on behalf of Cisco.

Visiongain expects this enterprise concern to translate into revenue for mobile security vendors.

"Mobile devices cause ongoing concern for IT teams responsible for information security. Sensitive corporate information can be easily transported and lost, while the Bring Your Own Device movement has dramatically increased the number of expensive security incidents," explains Visiongain.

The Visiongain report examines 20 mobile security companies: Kaspersky Lab, innoPath Software, AVG Technologies, BullGuard, DataViz, DeviceLock, Echoworx, Fiberlink, Fixmo, F-Secure, Apple, Google, Lookout, McAfee, Symantec, Mformation, Microsoft, Mobile Active Defense, MobileIron, Motorola, Nokia, Orange, BlackBerry and Telefonica.

However, enterprise concern about mobile security is not necessarily shared by employees. For example, a recent survey by Vision Critical on behalf of Absolute Software finds that one-quarter of workers do not think data security is their responsibility. A similar percentage did not think they should face punishment if they lose sensitive corporate data on their mobile phones.

Such lax approach to security by some employees will increase enterprise concerns about mobile security and further fuel the market for mobile security products and services.

For more:
- check out the Visiongain release

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