Mobile Security Market in Latin America 2015-2019
About Mobile Security
The protection of smartphones, tablets, laptops, and the networks they connect to from threats and vulnerabilities associated with wireless computing is known as mobile security. The consequences of a malicious third-party gaining access to personal financial information could be disastrous and irreparable. The three main targets for threats are information, identity, and availability.Mobile security broadly encompasses the protection of mobile devices (smart devices) from malware threats, data theft, unauthorized access, and accidental loss. Mobile security solutions protect mobile devices against viruses, spyware, hacker attacks, and online identity theft. It also helps block spam calls and messages and eliminate malicious apps that may risk privacy. Mobile security is seen as the key to win the war against new generation of cyber attackers. Mobile security comes in many forms such as inbuilt in devices. For instance, iPhone comes with a default auto lock feature that requires the user to enter a password after a few minutes of inactivity. Other mobile security protections are built into the network such as strong encryption standards for data travelling across cellular networks.
Technavio's analysts forecast the mobile security market in Latin America to grow at a CAGR of 32.28% over the period 2014-2019.
Covered in this Report
In this report, Technavio analyst covers the present scenario and growth prospects of the mobile security market in Latin America for the period 2015-2019. To calculate the market size, the analyst considers the revenue generated from the sales of mobile security solutions in Latin America. The report also includes market insights, market description, and market landscape of the mobile security market in Latin America.The market is highly fragmented with the presence of several small and large vendors. The report does not include the market share of all vendors; it only presents the list of key vendors and a corresponding detailed analysis of the same.
Technavio's report, the Mobile Security Market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Mobile Security Market in Latin America 2015-2019
Technavio recognizes the following companies as the key players in the mobile security market in Latin America: Checkpoint Software Technologies, Cisco Systems, Kaspersky, McAfee and Symantec
Other Prominent Vendors in the market are: Citrix Systems, FireEye, Fortinet, F-secure, IBM, Juniper Networks, Palo Alto Networks, Panda Security, Sophos and Wontok
Commenting on the report, an analyst from Technavio’s team said: “Advances in technology are compelling vendors to offer SaaS-based mobile security solutions to their customers. Hence, they opt for SaaS-based security solutions that are cost-effective, offer a prompt response to security threats, and provide round-the-clock system monitoring. Increasing demand for SaaS-based security solutions has also outpaced the demand for traditional mobile security solutions and is expected to contribute to the growth of the market during the forecast period.”
According to the report, with the adoption of BYOD policies in workplaces across Latin America, employees are using their personal mobile devices for work. This has increased the demand for uninterrupted connectivity between a corporate network and its employees' mobile devices. Employees need to access and store confidential information on their mobile devices, which has increased the need to protect data. In addition, the rise in employee mobility is leading to increased use of mobile devices. However, these devices are not secure, and it is easy for hackers to gain unauthorized access to firewalls, VPN, and corporate networks. This can lead to fraudulent activities with the misuse of business-critical data.
Further, the report states that increased use of portable devices, such as laptops, cellphones, and other handheld devices, is aiding the growth of mobile security solutions in Latin America.
Checkpoint Software Technologies, Cisco Systems, Kaspersky, McAfee, Symantec, Citrix Systems, FireEye, Fortinet, F-secure, IBM, Juniper Networks, Palo Alto Networks, Panda Security, Sophos, Wontok