The global mobile endpoint protection market is all set to more than double to $1bn by 2017, up from $433.5m in 2017, a new research revealed.
According to Frost and Sullivan, the mass adoption of smartphones is offering cybercriminals with extra ability for targeted attacks, which would intensify the need for mobile endpoint protection solutions across the globe.
Malicious software are being used by hackers to gain access or control mobile devices, while mobile apps installed on the device can execute unnecessary, high-risk actions,
Frost & Sullivan network security senior industry analyst Chris Rodriguez said that smartphones may fail to meet organisational security and compliance policy requirements as they are extremely susceptible to mobile malware breaches and unwanted or high risk mobile applications.
"The need to counter these new attack vectors presents a tremendous opportunity for developers of endpoint security software," Rodriguez said.
As the hackers have been more effective in targeting and taking advantage of emerging technologies including smartphones, cloud computing, and virtualisation, there have been rise in investments by enterprises in mobile endpoint security software to defend and handle mobile devices, according to security firm.