London, 05 January 2015 – The high adoption of advanced mobile devices has resulted in the unprecedented growth of the Global Mobile Security Market, which is expected to post a CAGR of 38.30 percent from 2014-2018, says research firm TechNavio.
The availability of affordable mobile devices like smartphones and tablets, and increased coverage of mobile networks have boosted the growth of the Global Mobile Security Market.
The latest report by TechNavio also emphasizes the increased adoption of BYOD policy as a major market growth driver.
Organizations are changing their device procurement processes as a result of growing enterprise mobility. Several enterprises are currently adopting the BYOD policies, which allow employees to use their own devices to access company data.
“The adoption of BYOD policy helps enterprises reduce expenditure on communication devices, thus reducing overall costs,” says Faisal Ghaus, Vice President of TechNavio.
“On the flip side, for BYOD policy to really take hold, these devices must be secure to ensure the safety of enterprise data. Therefore, the demand for mobile security has increased in tandem with the growing adoption of mobile devices in businesses,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Mobile Security Market in Japan 2015-2019
- Global Mobile Enterprise Security Software Market 2014-2018
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
