Research firm: Smartphone security market booming

The smartphone security market is booming.

The global market for such products is expected to grow by 44 percent a year before reaching some $3 billion in 2016, according to a report by research firm MarketsandMarkets

With a boom in the use of smart devices, such as BlackBerries, Androids and iPads — especially by business and government entities — it’s perhaps only natural the market for security is nearly just as hot.

The report found the Asia-Pacific region has the fastest projected growth rate, at 49 percent. It also predicted the security market for the Android OS will grow fastest with a 65 percent annual growth rate.

Will the upcoming presidential transition impact your decision to retire? Take our online survey.

This story is part of Federal News Radio’s daily Cybersecurity Update. For more cybersecurity news, click here.

Advertisement

Media Galleries