According to a new report, published by KBV research, The Global Mobile Threat Defense Market size is expected to reach $8.6 billion by 2029, rising at a market growth of 22.3% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 24.4% during (2023 - 2029). This is due to the fact that MTD services provide a comprehensive approach to mobile device security that addresses software, applications, device performance, web browsing, and data security. By assuring strong security features, these services are intended to enable mobile devices to be safe and secure from malware assaults and cyber criminals while giving users the ease and flexibility to use their mobile devices.
The Android segment acquired maximum revenue share in the Global Mobile Threat Defense Market by Operating System in 2022 thereby, achieving a market value of $4.1 billion by 2029. This is due to the considerable increase in demand as a result of the user-friendly and economical features offered by Android mobile devices. Furthermore, to meet the growing demand for MTD, android mobile manufacturers are cooperating with important MTD solution providers. The mentioned factors, combined with the increasing usage of mobile phones, especially in developing nations, are expected to boost the segment's expansion in the projected period.
The On-premise segment has shown the growth rate of 20.4% during (2023 - 2029). This is due to the advanced mobile threat prevention; on-premise solutions give customers total control. They offer customized solutions for users and organizational staff based on their unique needs. The need for on-premise MTD solutions is rising due to the expanding hybrid work culture and data exchange through insecure platforms.
The Large Enterprises segment is leading the Global Mobile Threat Defense Market by Organization Size in 2022 thereby, achieving a market value of $5.1 billion by 2029. This is due to the increasing demand for mobile threat defense in large enterprises due to the increase in cyber threats, malware attacks, and data theft crimes. This is necessary to protect employees' mobile devices, which may contain sensitive information that could be used against the company and its members.
The BFSI segment is poised to grow at a CAGR of 22.8% during (2023 - 2029). This is due to the significant increase in the demand for mobile security in the BFSI sector in the upcoming years. Cybercriminals and hackers who use technology to obtain sensitive data, such as debit and credit card numbers and other financial information, have targeted the BFSI sector as a prime target. This situation has prompted the industry to deploy cutting-edge security solutions for Internet and mobile banking, opening up opportunities for mobile threat defense usage.
The North America market dominated the Global Mobile Threat Defense Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,878.7 million by 2029. The Europe market is exhibiting a CAGR of 21.5% during (2023 - 2029). Additionally, The Asia Pacific market would register a CAGR of 24.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/mobile-threat-defense-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
