The North America Mobile Threat Defense Market would witness market growth of 20.6% CAGR during the forecast period (2023-2029).
Mobile threat defense solutions aid in detecting and obstructing mobile cybersecurity threats, thereby preventing the organization from engaging in unlawful activities from the outside. As the workforce increasingly utilizes mobile devices, there is an increasing demand for these solutions, which creates a need for businesses to secure their confidential enterprise data from various cyber threats.
Mobile threat defense, often known as MTD, is a strategic approach that protects mobile applications from cyber-attacks and malware intrusions. It does this by merging various solutions and methods. The increasing prevalence of hacking, data theft, and ransomware attacks, coupled with the increasing reliance on mobile browsing compared to desktops and laptops, are expected to be the main factors driving market demand during the forecast period.
Mobile threat defense protects mobile software and other components of a mobile device, like applications, network traffic, stored data, and additional personally identifiable information associated with mobile devices. It helps users by offering mobile malware protection, endpoint security, risk assessment, mobile threat intelligence, and data protection on the device itself. MTD protects mobile devices against malware assaults and security breaches, distributing alert notifications to monitor the impact and securing applications that cybercriminals could compromise. The following factors are expected to stimulate market expansion during the forecast period.
Artificial Intelligence (AI) will still account for most Canadian technical investments in 2022. Following the publication of the government budget in April 2021, it became known that Canada would devote 185 million Canadian dollars (about 143.68 million US dollars) to the commercialization of AI research. With this promise, the “Pan-Canadian Artificial Intelligence Plan” will get C$443.8 million (about US$344.88 million) more in financing over ten years. In addition, growth in the frequency of cyberattacks and the deployment of AI technology will increase the efficiency of security solutions which will aid in securing the sensitive data of consumers and enterprises, which will aid the market growth in the region.
The US market dominated the North America Mobile Threat Defense Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,077 million by 2029. The Canada market is poised to grow at a CAGR of 23.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 22.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
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By Vertical
By Country
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