The Europe Mobile Threat Defense Market would witness market growth of 21.5% CAGR during the forecast period (2023-2029).
Policymakers and government bodies are undertaking significant initiatives to digitalize online banking, payment systems, and digital currency. These initiatives encourage the adoption of digital platforms, smartphones, and the internet, accelerating the growth of online purchasing, gaming, and browsing, thereby placing mobile devices at the center of all essential activities. Consequently, the demand for comprehensive security solutions like mobile device threat defense is growing. As the hybrid work culture becomes the norm, companies and employees rely heavily on mobile devices to share diverse organizational information and data.
In addition, the exponential increase in the use of insecure networks to connect to enterprise resources is a growing threat because it provides cybercriminals with a simple entry point for hacking applications and devices. With mobile threat defense technology, end users can easily resolve a variety of potential cyber threats and mobile malware attacks, as it provides greater visibility, zero-trust security, simple integration and deployment in users' devices, and is constructed under stringent regulatory compliances. Consequently, the following factors are anticipated to provide a lucrative growth opportunity for the market in the coming years.
The UK's Defense AI strategy, which details how the nation will concentrate on R&D and experimentation to improve the capabilities of the UK's armed forces, was issued by the Ministry of Defense (MoD). A strategy for the "Safe, ambitious, and responsible" use of artificial intelligence has also been produced by the MoD. This strategy contains a set of moral principles established in conjunction with the MoD to prioritize ethical considerations in the military's use of AI. As the army increasingly uses artificial intelligence and there are more cyberattacks on defense networks and government, there will be a greater need for more efficient security measures. This will aid the market in Europe to grow.
The Germany market dominated the Europe Mobile Threat Defense Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $544.3 million by 2029. The UK market is estimated to grow at a CAGR of 20.4% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 22.4% during (2023 - 2029).
Based on Component, the market is segmented into Software and Services. Based on Operating System, the market is segmented into Android, iOS, Windows and Others. Based on Deployment Model, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises(SMEs). Based on Vertical, the market is segmented into IT & Telecom, Manufacturing, BFSI, Government, Transportation & Logistics, Healthcare & Life Sciences, Education, Retail & Ecommerce and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Mobile Threat Defense Market is Projected to reach USD 8.6 Billion by 2029, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., SAP SE, Broadcom, Inc., VMware, Inc., Citrix Systems, Inc. (Cloud Software Group, Inc.), Micro Focus International PLC (Open Text Corporation), Zoho Corporation Pvt. Ltd., SolarWinds Corporation, Sophos Group PLC (Thoma Bravo) and BlackBerry Limited.
By Component
By Operating System
By Deployment Model
By Organization Size
By Vertical
By Country
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