The global MSM market is expected to reach a total of $560m by the end of 2013.
Global mobile security management (MSM) market is expected to reach $1bn by 2015, according to a report
According to ABI Research, the global MSM market will be driven by the need for greater security around corporate assets, and is expected to reach $560m by the end of 2013.
The market is now emerging as a stronger as a submarket of Enterprise Mobility Management (EMM), the report added.
The report revealed that the MDM is expected to increase in the regions like application and content management, driven by the rise in demand for better security for corporate assets.
Concerns for data leak prevention, access control, compliance reporting, and monitoring are convincing EMM providers to offer better security-based mobility features with their current applications, the report said.
ABI Research cyber security senior analyst Michela Menting said, "While MDM will continue to provide the largest share of revenues, growth rates from other sectors, and, in particular, security and content management, will increasingly account for a much larger portion of the market."
Increase in the demand for security is expected to allow the vendors to differentiate their offerings and stand out from the competition, while the security would become a basic requirement for all EMM applications and successful differentiation is expected to demand a long-term sustainable strategy.