The Asia Pacific Mobile Threat Defense Market would witness market growth of 24.3% CAGR during the forecast period (2023-2029).
In the new era of hybrid work culture, employees' increasing use of mobile devices is causing significant problems such as ransomware attacks, privacy breaches, and device hacking. To address these challenges, industry-leading MTD solutions are provided by key players, which provides growth opportunities for the market. Mobile devices have historically been a target for cybercriminals. A single smartphone can store everything from personal photos and information to financial and medical data. And the more individuals depend on these devices, the more they resemble this technology.
Millions of mobile malware attacks occur annually. In addition, cybercriminals have shifted their attention from individuals to enterprises and organizations. The only constant in cybercrime is that threat actors always target potential victims via the path of least resistance. And as more people work from home and organizations relax their mobile security policies, this path involves more smartphones and tablets. Unfortunately, many smartphone features that make them so advantageous from a productivity standpoint also make mobile devices tempting targets for attackers, as they have less contextual data than desktops due to their simplified interface and smaller screens. A user environment that encourages attentional fragmentation and discourages the thorough examination of permission requests and notifications.
In India, digital payments have increased by almost 50 percent per year on average over the past five years. India's unique, mobile-enabled, real-time Unified Payments Interface (UPI) system is one of the fastest-growing systems in the world. As a result, the amount of participating institutions has increased significantly, increasing the volume of transactions. In March, the RBI also developed a UPI for feature phones, which are old-fashioned phones with buttons rather than touchscreens, and it has the potential to connect a significant portion of the rural population. The region's increasing adoption of digital payments and ongoing digitalization of the financial sector are anticipated to increase demand for mobile threat protection to safeguard transactions, as the BFSI sector is amongst the most targeted sector due to the presence of critical data, thereby driving the regional market growth.
The China market dominated the Asia Pacific Mobile Threat Defense Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $794.6 million by 2029. The Japan market is anticipated to grow at a CAGR of 23.4% during (2023 - 2029). Additionally, The India market would display a CAGR of 25% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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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