Market For Securing Mobile Devices Nascent
The market for software to protect mobile devices such as smartphones has yet to take off despite brisk sales of devices such as Research in Motion Ltd’s BlackBerry and Apple Inc’s iPhone.
Symantec Corp Chief Operating Officer Enrique Salem estimates that it is currently worth a few hundred million dollars a year.
“It is growing. But given the number of handsets, the number of smartphones, you would think it would be growing at a much higher rate,” Salem told the summit.
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