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Infonetics Research recently published its Mobile Device Security Client Software market size and forecasts report, which found that worldwide revenue for mobile security clients rose by 58.7 percent in 2012 to $964 million.
The report also states that the compound annual growth rate for consumer clients from 2012 to 2017 (28 percent) is expected to outpace that of enterprise clients (20 percent).
While there are several players in the mobile security client market, including Symantec, Kaspersky, Trend Micro, McAfee, Juniper and Citrix, Infonetics reports that there's currently no breakaway leader.
"Real threats to mobile devices are active in the wild, pushing mobile security top of mind for enterprises and consumers looking to manage and protect the data and applications on their mobile devices," Infonetics Research principal analyst Jeff Wilson said in a statement.
"Over the next five years, we anticipate that over 7 billion new smartphones and tablets will ship worldwide, ratcheting up hackers' interest in mobile devices," Wilson said. "And as a result, we expect sales of mobile device security client software to soar, reaching $2.9 billion by 2017."