Worldwide revenue for mobile device security client software is up 10% sequentially in 4Q13, to $385 million, and is projected to continue to grow rapidly in coming years, according to a new report from Infonetics Research.
“The triple threat of bring-your-own-device (BYOD) as a dominant enterprise trend, an increasingly hostile threat environment, and the deluge of frightening revelations about privacy courtesy of the NSA is forcing enterprises and consumers to invest real money in mobile device security. The mobile device security software market grew 40% to cross the billion-dollar mark in 2013 and we expect it to grow to $3.4 billion in 2018,” says Jeff Wilson, principal analyst for security at Infonetics Research.
Some additional highlights of the report:
- Asia Pacific accounted for 34% of security client revenue in 2013, followed closely by North America (32%) and EMEA (31%); Latin America came in a very distant fourth
- Though North America greatly lags behind EMEA and Asia Pacific in total smartphone shipments, it has strong security client adoption relative to the other regions
- In 2013, enterprise mobile clients comprised 51% of the total security client market, while consumer mobile security clients made up 49%.