August 26, 2013 -
Through its Cyber Security and Enterprise Mobile Devices research services, technology market research firm ABI Research has estimated that the current Mobile Security Management market will reach $550 million by the end of 2013.
Driven by the demand for greater security around corporate assets, ABI notes that the emergent market addresses concerns for leak prevention, access control systems, compliance reporting and monitoring. Biometrics is a big player in this space.
“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,” Michela Menting, ABI Research’s senior analyst in cyber security said in a report on ABI’s website.
More information on this report is available from ABI.
Reported previously in BiometricUpdate.com, ABI Research recently published research anticipating 8.6 billion smart cards to be shipped around the world this year.
Separate research from Visiongain has estimated that the global mobile security market – which has given rise to the mobile security management market — will reach $3.49 billion in 2013.
It’s widely acknowledged that biometrics will play a large role in securing future mobile devices, and as the Biometrics Research Group argues, it’s likely the next round of smartphones will incorporate biometrics to some degree. Integration is likely to be driven by major manufacturers.