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Security Operation Center (SOC) Market to Grow at 10 31%
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Mobile Security Market to Witness Huge Growth by 2026
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The global mobile security market size was valued at USD 19.83 Billion in 2019, and is projected to reach USD 122.89 Billion by 2027, growing at a CAGR of 25.8% from 2020 to 2027.
Major factors driving the growth of Mobile Security market size are an increase in online mobile payment, rise in security need arising from the adoption of BOYD, the surge in need to provide protection to video streaming content, growth in usage of machine learning, and artificial intelligence in mobile security.
The study provides an in-depth analysis of the global mobile security market forecast along with the current & future trends to elucidate the imminent investment pockets.
Mobile devices have been at the crux of some of the year s most notable and high-profile attacks. Amazon CEO Jeff Bezos alleged iPhone compromise incident became a key example of how mobile devices can be penetrated without sophisticated brute-force hacking or techniques.
Simple phishing is the most common way mobile devices are compromised, and this threat is on the rise thanks to the increase in mobile device adoption and the surge in remote work during the COVID-19 pandemic. Not surprisingly, there was a 37% increase worldwide in enterprise mobile phishing between fourth quarter of 2019 and the first quarter of 2020, according to Lookout. Malicious Wi-Fi hotspots and malicious applications are other common entry points to mobile device compromise.
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