Mobile Security: The Next Big Business?

October 9, 2006 – 2:37 pm

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It is not the next business- it is already a big business. There are over 2 billion mobile phone users in the world. Well, in poor countries, most users do not bother that much about the safety of the content of their mobile that much. Still, mobile phone operators have to be on alert. On the other hand, in the rich countries, this is becoming a major cause of concern both for the mobile phone operators and the consumers. AccountingWEB has published an interesting report about it. The report talks about the security issue of any mobile device- not just of mobile phones. According to this report, “By 2011, Mobile Biometric solutions will account for another $268 million of revenue of the total mobile identity and access management market of $1.36 billion. This is an increase over 2006 of nearly $4 billion.” So, you can see mobile security is a going to be a huge business within just a few years. It is going to be a world wide business.

I am quoting from the report:

The market for mobile phone data and file encryption is evident. Credant, a major vendor, has over 2 million users of its mobile phone encryption services and the market will show continued growth for all vendors.

North America is expected to see the largest growth, from 0.5 percent in 2006, to 2.5 percent in 2011, when 45 million worldwide mobile phone users subscribing to mobile data and file encryption products. The Asia-Pacific region is projected as having the most subscribers by 2007, dominated by Japan and South Korea, however, the emerging markets of India and China are expected to exceed established markets after 2008.

With the growing use of devices like PDA’s and SmartPhones with voice capabilities becoming mobile offices in the business world and estimates of 60 percent of workers having mobile access to corporate applications, the need for security can only continue to gain importance.

These days, the mobile phone users use their phones to pay bills and do some shopping. The bad guys are always trying to find a good way to take steal your credit card and other information. I think that United Nations, governments of different countries, media and mobile phone manufacturers and service providers should form some sort of an alliance to ensure mobile security.

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