I4U: 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. “I can’t give you an exact number but it is not as fast as you might think.”
Like Symantec, McAfee Inc sells security products for mobile devices and has more in the works.
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