Rising Concerns Over Cyberattacks to Provide Opportunities for Mobile Threat Defense Market Growth During 2022–2030
According to our latest market study on Mobile Threat Defense Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Operating System, Enterprise Size, and End-User ," the market is expected to grow from US$ 2.5 billion in 2022 to US$ 14.4 billion by 2030; it is estimated to record a CAGR of 24.2% from 2022 to 2030. The mobile threat defense market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. The report includes growth prospects owing to the current mobile threat defense market trends and their foreseeable impact during the forecast period.
Mobile Threat Defense (MTD) software is widely used to protect organizations and individual users from security threats on mobile platforms. This solution protects against attacks made specifically for mobile devices and operating systems (OS) such as Apple iOS and Google Android. Hackers may also use phishing, malware, or network attacks to access a user's mobile device, which could then be used to steal the organization’s data or to cause a negative business impact. The fundamental goal of a mobile threat defense solution is to protect users from such instances.
Mobile Threat Defense Market — by Geography, 2022 to 2030
Mobile Threat Defense Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Operating System (Android and iOS), Enterprise Size (Large Enterprises and SMEs), and End-User (IT and Telecomm, BFSI, Manufacturing, Retail and E-commerce, Government, and Others)
Mobile Threat Defense Market Trends Analysis, Size by 2030
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Source: The Insight Partners Analysis
Rising concern over data security and cyberattacks owing to the ascending popularity of remote working is one of the major driving factors of the market. The rise in data breach cases and cyberattacks post the pandemic has resulted in the need for security solutions. Thus, the growing adoption of cybersecurity solutions to protect enterprise data in mobile devices from data breaches and malware attacks is propelling the adoption of mobile threat defense solutions. In cases such as the devices being stolen, hacked, or lost, the threat of data breaches of sensitive corporate data leads to the adoption of security solutions, further fueling the mobile threat defense market size.
Cisco Systems, Inc.; Ivanti; SAP SE; Broadcom; AO Kaspersky Lab; Zimperium; SentinelOne; Micro Focus; Pradeo; and Check Point Software Technologies Ltd are among the key mobile threat defense market players profiled during the report. Several other major mobile threat defense market players were also studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The mobile threat defense market report provides detailed market insights, which help the key players strategize their growth.
The mobile threat defense market analysis has been carried out by considering the following segment: operating system, enterprise size, industry vertical, and geography. Based on the operating system, the market is bifurcated into Android and iOS. Based on enterprise size, the market is segmented into large enterprises and SMEs. Based on end-user, the mobile threat defense market is segmented into IT and Telecomm, BFSI, manufacturing, retail and e-commerce, government, and others.
The scope of the mobile threat defense market report covers North America (the US, Canada, and Mexico), Europe (Russia, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
North America is one of the fastest-growing regions in terms of both technological innovations and the adoption of advanced technologies. The region also has a well-established IT infrastructure. North America has witnessed huge adoption of emerging technologies such as artificial intelligence, machine learning, and blockchain in the past three years across all the major industry verticals. With the increasing penetration of digitization in various industries, mobile threat defense has become a vital component of business transaction ecosystems, especially in financial institutions and the IT industry.
The North America mobile threat defense market is segmented into the US, Canada, and Mexico. The US is expected to have the highest mobile threat defense market share and record the highest CAGR during the forecast period 2023-2030. The high rate of digitization in various industries in the US fueled mobile threat defense market growth. Factors such as a rise in the adoption of digital tools and a rise in cyber-attacks are also expected to fuel the market in the US during the forecast period. Moreover, the US has a large number of mobile threat defense market players who have been increasingly focusing on developing innovative solutions. Cisco Systems, Inc.; Ivanti; Broadcom; Zimperium; and SentinelOne are among the key players in the market. Thus, all the factors mentioned above contribute to the North America mobile threat defense market share.
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