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Secure Transactions News

Smart phone security market to approach US$ 3 billion by 2016

Thursday 13 October 2011

Market sand Markets (M&M), a US-based market research and consulting company, in a newly published report "Global Smartphone Security Market by Operating Systems, Ownership & Features (2011 - 2016)," says that the advancements in technology have made available a variety of features that were earlier accessible through personal computers to be easily accessed through mobile phones, for instance, web browsing, emailing, and others. Popularity of applications such as Facebook, Twitter, and others has increased the usage of mobile phones in order to update the status messages instantly on the move.

As the usage of smart phone is increasing, their vulnerability to viruses, spams and malwares floating on the web is also on the rise. This has necessitated and boosted the growth of smart phone security market.

According to the report, Europe forms the largest segment with about 32% of the overall market, followed by North America, whereas Asia Pacific and Japan is the fastest growing region with a CAGR of 48.58%.