A study from Juniper Research, a provider of research and analytics, shows that the heightened security risk for mobile phones is projected to increase security software sales to almost $3.7 billion by 2016.
Mobile security products are expected to enter the mainstream by late 2013, and 277 million mobile devices are predicted to have some type of installed protection by 2016.
The increase in sales is likely to come from businesses, which are already spending more on mobile device security applications.
"Enterprise users are in the front line against potential security breaches 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" says report author Nitin Bhas.
The report also projected that over the next five years there will be a bigger demand for security software on tablets, especially after they are integrated more into the business world.
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