Mobile security software: Sales grew 118% in 2008 and are forecast to top $1.6 billion in 2013

[Marketwire] - July 8, 2009) - Communications market research firm Infonetics Research released the 2009 edition of its Security Appliances and Software for Mobile Networks and Devices report. Highlights follow.

ANALYST NOTE

"There is money to be made in the mobile security market for sure. This is a very young market, and our growth projections are explosive, riding the compound wave of smartphone growth, growth in the use of rich Internet applications on smartphones, and hacker interest in developing exploits for phones. For now, hackers continue to focus their energy on the hundreds of millions of desktop computers around the globe, but we forecast over 1.5 billion new smartphones will ship worldwide between 2008 and 2013, providing ample opportunity for financially motivated hacking of smartphones -- and that opportunity grows significantly every year. Consumers and enterprises will have to make significant investments in security client software, and mobile providers are already making huge investments in security infrastructure upgrades," said Jeff Wilson, Infonetics Research's Principal Analyst, Network Security.

MOBILE SECURITY MARKET RESEARCH HIGHLIGHTS

-- Internet friendly smartphones (iPhones, Windows Mobile phones, Android-based phones, others) make enticing targets for hackers
-- Revenue for mobile security client software was up 118% in 2008 from 2007, and is forecast to top $1.6 billion in 2013
-- North America currently lags EMEA (Europe, Middle East, Africa) and Asia Pacific in total smartphone shipments, but leads in adoption for mobile security clients
-- Revenue for security appliances and software for mobile networks grew 25% in 2008
-- Growth in this segment is led by IDS/IPS and content security solutions, worldwide revenue for which is increasing at a fast pace (16% and 15% CAGRs from 2008 to 2013, respectively)

REPORT SYNOPSIS

Infonetics' mobile security report provides market size, forecasts, and analysis for security appliances and software sold to mobile service providers for protecting their infrastructure, and mobile security client software sold to consumers and enterprises. Products tracked: mobile security clients (data protection and anti-x clients) and security products for mobile networks, including intrusion detection and prevention (IDS/IPS), content security gateways, and integrated security appliances and software above and below $30,000.

Infonetics Research: Mobile security client software market to hit $1.6 billion in 2013