The global mobile data protection market is expected to grow to $3.54 billion by 2019, according to a forecast by market research firm ASDReports. This reflects a compound annual growth rate of 22.4 percent from $1.29 billion in 2014.
The report attributes the growth to the presence of a “dynamic business environment, escalating cyber-attacks, growing concern about data loss among the organizations, and indispensable need for compliance with standards.”
North America is expected to be the largest market, while Europe and Asia will see the largest growth. The biggest vendors are expected to be Microsoft, Cisco, Symantec, Intel Corporation, and Check Point.
“The commencement and provision of these prevalent MDP solutions and services has enabled the MDP vendors, managed service providers, communication service providers, and cloud vendors to offer exclusively customized MDP solutions precisely suiting the needs of the users.”
