Mobile Security Spending, Source: SNS ResearchSNS Research, a market intelligence and research firm released the 'Mobile Security (M-Security) Bible :2014-2020 's' Report, estimating the global spending on mobile device and network security infrastructure, software and services to reach $11 Billion by the end of 2014 with a CAGR of more than 20% from now till 2020.
According to SNS Research, mobile networks around the globe generate more than 86 Exabytes of traffic annually. The immense volume of traffic together with the growing adoption of open source Operating System (OS) platforms such as Android has opened up new security threats such as mobile malware, SMS spam, cyber attacks and unlawful eavesdropping. In response to these threats, telecom operators are investing significantly in integrated security appliances and content security gateways, besides opening doors for emerging submarkets such as mobile Security as a Service (SEaaS).
On the devices front, installation of anti-Malware/anti-Virus client software is fast becoming a de-facto requirement for most smartphones and tablets, on top on the integration of advanced biometrics such as fingerprint sensing.
