ABI Research: Mobile application security market set for rapid growth

ABI Research: Mobile application security market set for rapid growth

The increasing number of apps and games comes with a risk. Loss, theft, spam, Trojans, spyware, data breach and aggressive advertising are some of the few threats facing vulnerable devices. According to ABI Research, between Q1 2011 and Q2 2012, unique malware variants grew by 2180% reaching 17,439.

All this presents a fertile ground for the rise of mobile security solutions. In fact, ABI says that this market will be worth $398 million by the end of this year, with the figure including revenues for paid apps, partnerships with manufacturers and operators, white label deals, and dataset sales. To date, there have been over 130 billion downloads of mobile security apps.

A number of companies are standing out among the hoards of mobile security vendors, including AVG Technologies, Lookout and Avast Software. Then there are Dr.Web, and TrustGo, as well as McAfee, Kaspersky Lab and Ikarus, which have excelled in deploying viable long-term strategies…

  • Craig Kensek

    Sophos has also introduced a free product for mobile security.

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