Mobile Device Security Management to Earn Global Revenues of $3.95 Billion by 2016
August 16, 2011
By Anshu Shrivastava
, TMCnet Contributor
Mobile devices such as smartphones have become an integral part of customer’s daily lives; however threats that target mobile devices are also on the rise. These threats that include malware, viruses and more have made mobile device management (MDM) systems a necessity to ensure that enterprise and personal data are not lost or stolen. In addition to monitoring, managing, and supporting, mobile device management also secures mobile devices.
Visiongain (News - Alert) has just released a new mobile device management report, entitled “Mobile Device Security 2011-2016.” This report examines rapidly growing threats targeting mobile devices such as data and ID theft, SMS fraud, rogue apps and covert espionage and expects predict that the mobile security market will reach $3.95 billion in global revenues by 2016.
The number of mobile malware has more than doubled in 2011 from just last year, according to the findings of Visiongain’s research. Also, the research notes that mobile operating systems can now be infected by PC-related viruses, such as the ZeuS phishing Trojan that steals banking information, as well as malicious software targeting mobile devices that can steal data, corrupt functions and usurp control.
With mobile device management systems, users can fully secure their mobile devices against malware and viruses and also secure enterprise data on personal devices.
The report observes that cybercriminals are actively exploiting the popularity of smartphones and tablets. In addition, they are also exploiting the low user awareness of these risks. The report reveals that lax security enforcement within organizations is enabling easy opportunities for illegitimate monetization.
The recent high-profile exposure of Android (News - Alert) malware has prompted the rise of a lucrative market for mobile device management security software and services for mobile devices, according to the report.
Recently, Visiongain also released “Mobile Payment: Operator Strategies, Opportunities and Challenges Report 2011” that examines and analyses the developments in the emerging mobile payments sector.
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Edited by Jamie Epstein