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Smartphone hacking fuels mobile security market

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CIOL Bureau
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CALIFORNIA, USA: Infonetics Research forecasts the global market for desktop and mobile security clients to hit $8.2 billion by 2015.

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Consumer-focused desktop and laptop client security solutions make up the largest segment of market, albeit the slowest-growing, adds the analyst firm in its latest 'Security Client Software' vendor market share and forecast report.

"Hackers continue to focus their energy on the installed base of hundreds of millions of desktop computers around the globe, however, with nearly 3 billion new smartphones and tablets expected to ship worldwide between 2010 and 2015, the opportunity for financially motivated hacking of smartphones grows significantly every year. As more enterprises and consumers set out to protect their mobile devices, we expect the mobile security client market to take off, growing at a phenomenal 41 per cent, five-year compound annual growth rate," notes Jeff Wilson, principal analyst, security at Infonetics Research.

Symantec continues to lead the desktop security client market, although the McAfee/Intel DeepSAFE launch could soon shake up the market share landscape.

Tempering growth expectations for mobile security clients is the fact that many companies will look to cloud-based solutions and SaaS for mobile security, it adds.

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