Mobile Threat Defense Market to grow by USD 21.94 Billion by 2032, Globally at 25.4% CAGR | Polaris Market Research

The global mobile threat defense market size is expected to reach USD 21.94 billion by 2032, according to a new study by Polaris Market Research. The report “Mobile Threat Defense Market Share, Size, Trends, Industry Analysis Report, By Solution (Software, Services); By Operating System; By Deployment; By Enterprise Size; By Vertical; By Region, And Segment Forecasts, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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Rapid adoption of mobile devices, increasing internet penetration, and the growing trend of bring-your-own-device are some of the key factors driving the growth of the mobile threat defense market. With the shift towards hybrid work and remote working, data sharing is becoming more common and is being done over both secured and unsecured platforms, leading to an increased risk of cyber threats and attacks. As a result, the demand for mobile threat defense solutions is expected to increase in order to provide robust security features and protect against such threats.

Changing industry scenarios, such as remote work, increased critical data sharing from personal devices, and the bring-your-own-device trend, have created attractive targets for cybercriminals, hackers, and data theft. Mobile devices have become a prime target for cyberattacks due to their widespread use and the sensitive data they store and transmit. Mobile threat defense (MTD) solutions play a crucial role in addressing these growing cybercrimes and protecting mobile devices. They provide advanced security features that help mitigate the risks associated with these industry trends.

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Rising internet penetration and government initiatives towards digitization have significantly increased the use of mobile phones for various online activities. This increased reliance on mobile devices for everyday activities has made them a prime target for cybercriminals. Cybercriminals aggressively target these platforms in order to gain unauthorized access to users’ personal information. They employ various techniques such as phishing attacks, malware distribution, and data breaches to exploit vulnerabilities in mobile devices and applications.

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Key organizations in the mobile threat defense (MTD) market are actively launching robust MTD solutions to cater to the increasing demand for advanced mobile security. Partnerships play a vital role in expanding the reach of these solutions and making them accessible to a broader customer base. The partnership between Zimperium, a provider of mobile security solutions, and Carahsoft Partner, a developer of IT solutions for the government, is a prime example. Through this partnership, Zimperium aims to extend its presence in the public sector and enable state and local government organizations to easily implement application security and mobile endpoint solutions. By leveraging Zimperium’s expertise, these government organizations can strengthen their defense against the growing mobile threats they face.

Mobile Threat Defense Market Report Highlights

  • Services segment recorded the highest growth rate. This is primarily due to rising use of mobile phones, with subsequent rise in cyber-threats
  • Cloud segment registered substantial growth rate over the study period. It offers scalable & cost-effective solutions
  • Retail segment registered significant growth rate. With the increasing use of mobile devices in retail operations, such as mobile point-of-sale (mPOS) systems, mobile inventory management, and mobile employee communication
  • The global key market players include VMware, Sophos, Blackberry, Citrix Systems, Cisco Systems, SAP, Broadcom, ZOHO, SolarWinds, Zimperium, Matrix42, Kaspersky Labs, Ivanti, Micro Focus, and Esper.

Key Features and Drivers:

Comprehensive Threat Detection:
MTD solutions employ advanced threat detection technologies, such as machine learning, behavioral analysis, and real-time monitoring, to identify and mitigate a wide range of mobile security threats, including malware, ransomware, phishing attacks, and network vulnerabilities. These solutions provide real-time threat intelligence and proactive defense mechanisms to protect mobile devices against emerging and evolving threats.

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Mobile Device Management Integration:
MTD solutions are often integrated with Mobile Device Management (MDM) and Enterprise Mobility Management (EMM) platforms to provide centralized visibility and control over mobile devices, applications, and data. Integration with MDM/EMM solutions enables organizations to enforce security policies, manage device configurations, and remotely monitor and remediate security threats across their mobile device fleets.

Regulatory Compliance Requirements:
Compliance with regulatory frameworks, such as GDPR (General Data Protection Regulation), HIPAA (Health Insurance Portability and Accountability Act), and PCI DSS (Payment Card Industry Data Security Standard), requires organizations to implement adequate security measures to protect sensitive data, including data stored and accessed on mobile devices. MTD solutions help organizations achieve compliance by addressing mobile security risks and implementing best practices for data protection and privacy.

Applications:

Threat Detection and Prevention:
MTD solutions detect and prevent a wide range of mobile security threats, including malware infections, malicious apps, phishing attacks, network exploits, and device vulnerabilities. These solutions employ various techniques, such as app scanning, device integrity checks, URL filtering, and network traffic analysis, to identify and mitigate security risks in real time.

Data Protection and Privacy:
MTD solutions help organizations protect sensitive data stored and accessed on mobile devices, including corporate emails, documents, and communications. These solutions offer encryption, containerization, and secure access controls to prevent unauthorized access to data and ensure compliance with data protection regulations.

Incident Response and Remediation:
In the event of a security incident or breach, MTD solutions provide incident response and remediation capabilities to mitigate the impact and restore the security posture of affected mobile devices. These capabilities include remote device wipe, malware removal, quarantine of compromised apps, and forensic analysis to identify the root cause of security incidents.

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Polaris Market Research has segmented the mobile threat defense market report based on component, operating system, deployment, enterprise size, vertical, and region:

Mobile Threat Defense, Component Outlook (Revenue – USD Billion, 2019 – 2032)

  • Software
  • Service

Mobile Threat Defense, Operating System Outlook (Revenue – USD Billion, 2019 – 2032)

  • Android
  • IOS
  • Windows
  • Others

Mobile Threat Defense, Deployment Outlook (Revenue – USD Billion, 2019 – 2032)

  • Cloud
  • On-premise

Mobile Threat Defense, Enterprise Size Outlook (Revenue – USD Billion, 2019 – 2032)

  • Small and medium-sized enterprises
  • Large enterprises

Mobile Threat Defense, Vertical Outlook (Revenue – USD Billion, 2019 – 2032)

  • BFSI
  • IT and Telecom
  • Retail
  • Healthcare
  • Education
  • Transportation and Logistics
  • Manufacturing
  • Government
  • Others

Mobile Threat Defense, Regional Outlook (Revenue – USD Million, 2019-2032)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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