Mobile phone hardware security market to be worth $1.9bn in 2017

28/06/2012

Mobile Phone Hardware Security Market To Be Worth $1.9bn In 2017

Mobile phone data security is high on the priority list of many consumers all around the world as they try and prevent prying apps from making them spending money unwittingly.

Research In Motion also gained the attention of Wall Street bankers because of the financial industry's need for high levels of data protection.

The importance of this market is increasing markedly, so much so that analysts at ABI Research have forecast that it will be valued at almost $1.9 billion (£1.2 billion) by 2017.

One of the main reasons for this increased security is the growing number of people that are making payments using their mobile phones.

Senior analyst for devices, applications and content at ABI Research Joshua Flood it will also be boosted by semiconductor companies increasing their security features.

"The primary drivers for embedded chip security are increasing demand of mobile payment transactions, digital rights management, enterprise protection and control access to the device," he continued.

Posted by Peter Robinson

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