Mobile Security Software Market Expected to Hit $1 Billion by 2006, According to IDC
FRAMINGHAM, MA – JULY 9, 2002 – The mobile security software market reached $75.3 million in 2001, and, according to recent IDC estimates, this market is expected to grow to $1 billion by 2006. This represents an outstanding 69% compound annual growth rate (CAGR) over the forecast period.
"The mobile security software market, while currently in its infancy, is poised for tremendous growth over the forecast period," said Sally Hudson, research manager for IDC’s eBusiness Infrastructure Software service. "This market presents diversified opportunity for vendors as it will grow through technical innovation and partnerships, as well as through the demand for solutions targeted to vertical and horizontal industry needs."
Several factors will contribute to this growth, including solidification of wireless standards and increasing consumer dependence on the flexibility offered by mobile computing. The demand for more mobile security software solutions from enterprise customers in the next 12-24 months will also be responsible for this dramatic growth curve.
IDC’s recently released Mobile Security Software Forecast, 2002-2006 (IDC #27354) is the first forecast produced by IDC that focuses solely on the mobile security software market. It provides a statement of the market size in 2001 as well as a five-year forecast. It also includes a sample listing of mobile and wireless security software products and vendors as well as market trends and future outlook.
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