A new report by market research company Juniper Research has said that the market for security software for mobile devices is expected to grow six-fold, to reach $3.7bn by 2016.
In the next five years, enterprise and business sales will account for almost 69% of the market, said the report.
Juniper’s new Mobile Security research found that businesses are now beginning to spend more on mobile device security applications as they become a critical part of enterprise policy.
Report author Nitin Bhas said enterprise users are in the front line against potential security breaches, adding "through insufficient mobile security and companies need to incorporate mobile network connected devices into the corporate network since this is the easiest way to enforce policies and to audit such devices."
In the next five years, the proportion of tablets featuring security products will also increase and overtake the percentage of smartphones protected, said the report.
The report also revealed that at present, less than 1 in 20 smartphones and tablets have third party security software installed in them, despite a steady increase in threats
