DUBLIN, Dec. 18, 2023 /PRNewswire/ — The “Mobile Threat Defense Market by Offering, Operating System (iOS, Android, Other OS), Deployment Mode, Organization Size, Application (Phishing, Ransomware, Malware), Vertical, Region – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The global mobile threat defense market is estimated to be worth USD 2.6 billion in 2023 and is projected to reach USD 7.2 billion by 2028, at a CAGR of 22.9% during the forecast period.
The proliferation of mobile devices, driven by an increasingly mobile-dependent workforce and the omnipresence of smartphones and tablets in daily life, is a fundamental driver of the mobile threat defense market. The ubiquitous use of mobile devices not only presents new opportunities for productivity but also invites greater risk from cyber threats. This evolving threat landscape, marked by mobile-specific vulnerabilities and the steady growth of mobile device usage, compels organizations to seek comprehensive MTD solutions to protect sensitive data, ensure regulatory compliance, and maintain the trust of their employees and customers.
By offering, the services segment to register the highest growth rate during the forecast period
In the mobile threat defense market, the services segment is anticipated to record the most significant growth rate during the forecast period. This growth is attributed to several key factors. Organizations are increasingly recognizing the need for professional services to effectively implement, optimize, and manage MTD solutions. The complexity of mobile security threats and the evolving threat landscape have created a demand for expert guidance and support in deploying and maintaining these solutions. As organizations expand their use of mobile devices and the volume of sensitive data processed on these devices grows, there is a growing need for managed services in the MTD market. Managed service providers can proactively monitor, detect, and respond to mobile threats on behalf of organizations, alleviating the burden of in-house management. The services segment is also crucial for organizations seeking to tailor their MTD strategies to their specific needs. Professional services can assist in customizing MTD solutions to address unique security requirements and industry-specific regulations, thereby enhancing their overall effectiveness. The growth of the services segment in the MTD market underscores the importance of not only having robust technology solutions but also expert guidance and support to navigate the intricate landscape of mobile security effectively.
By deployment mode, the cloud segment to register the highest growth rate during the forecast period
The cloud segment’s rapid growth within the mobile threat defense market can be attributed to several key factors. First and foremost, the shift towards cloud-based solutions has become a prevailing trend across various industries. Organizations are drawn to the flexibility and scalability that cloud-based deployment offers, enabling them to easily adjust their MTD solutions as their mobile device fleets expand or contract. The global adoption of remote and hybrid work models has accelerated the migration to cloud-based MTD solutions. With employees accessing corporate data from various locations and devices, cloud-based MTD allows for seamless protection and monitoring of mobile devices, regardless of their physical location. The cloud’s ability to provide real-time updates and threat intelligence is another critical driver for its high growth rate. This ensures that organizations can stay ahead of the evolving threat landscape, an essential feature in the ever-changing world of cybersecurity. The cost-effectiveness of cloud-based solutions, with reduced on-premises hardware and maintenance expenses, is a compelling factor for businesses, particularly in challenging economic environments. As a result, the cloud segment is expected to maintain a remarkable growth rate as it aligns with the dynamic security needs and modernization strategies of organizations across the globe.
Market Dynamics
Drivers
- Growing Sophistication of Mobile Threats
- Increasing Adoption of Mobile Devices
- Increasing Productivity of Employees and Enterprises Through BYOD
Restraints
- Complexity of Integrating Mobile Threat Defense Solutions Across Wide Spectrum of Mobile Device Types
Opportunities
- Increasing Adoption of BYOD Devices
Challenges
- Increasing Complexity of Advanced Threats
- Lack of Awareness Regarding Mobile Security and Related Cyber Threats
Case Study Analysis
- Case Study 1: Laclede Gas Company Protected Corporate Data in BYOD and CYOD Environments with Symantec
- Case Study 2: European Financial Institution Deployed Promon Shield to Offer Cybersecurity on Mobile and Desktop Devices
- Case Study 3: Quest Diagnostics Installed Symantec Mobility Suite to Capture Test Data and Send IT Securely to Lab to Ensure Compliance
Key Topics Covered:
Executive Summary
- Mobile Threat Defense Market to Witness Fast Growth During Forecast Period
- Mobile Threat Defense Market: Fastest-Growing Segments, 2023-2028
- North America to Account for Largest Market Share in 2023
Premium Insights
- Brief Overview of the Mobile Threat Defense Market – Increasing Instances of Malware and File-based Attacks and Stringent Regulatory Norms to Drive Market
- Mobile Threat Defense Market, by Offering, 2023 – Solutions Segment to Hold Larger Market Share During Forecast Period
- Mobile Threat Defense Market, by OS, 2023 vs. 2028 – Android Segment to Hold Largest Market During Forecast Period
- Mobile Threat Defense Market, by Deployment Mode, 2023 vs. 2028 – Cloud Segment to Hold Larger Market During Forecast Period
- Mobile Threat Defense Market, by Organization Size, 2023 vs. 2028 – Large Enterprises Segment to Hold Larger Market During Forecast Period
- Mobile Threat Defense Market, by Vertical, 2023 vs. 2028 – IT & Telecom Segment to Hold Largest Market During Forecast Period
- Market Investment Scenario – Asia-Pacific to Emerge as Best Market for Investment
Company Profiles
- Appguard
- Barracuda Networks
- Blackberry
- Broadcom
- Celltrust
- Cisco
- Citrix Systems
- Cybereason
- Esper
- Guardsquare
- Ivanti
- Jamf
- Kaspersky Labs
- Lookout
- Matrix42
- Micro Focus
- Nexthink
- Pradeo
- SAP
- SentinelOne
- Snyk
- Solarwinds
- Sophos
- Upstream Security
- Vmware
- Zimbra
- Zimperium
- Zoho
For more information about this report visit https://www.researchandmarkets.com/r/84s49
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