At 21.3% CAGR, Middle East & Africa Mobile Threat Defense Market is Projected to be Worth US$ 823.20 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa mobile threat defense market was valued at US$ 175.21 million in 2022 and is expected to reach US$ 823.20 million by 2030, registering a CAGR of 21.3% from 2022 to 2030. Strategic initiatives by market players and growing cloud technology are among the critical factors attributed to drive the Middle East & Africa mobile threat defense market growth.

Various departments of industries, such as IT and telecom, BFSI, manufacturing, retail, and others, have promoted remote work culture. As the remote working model mandates the use of smartphones and tablets, it becomes crucial for industries to safeguard their official and critical organization information. This scenario has aggravated the demand for security software solutions. In addition, with the rise in cyberattacks, the demand for security solutions is gaining traction. Thus, market players are engaged in several organic and inorganic growth strategies, which, in turn, fuel the mobile threat defense market growth.

A few strategic initiatives by the market players are mentioned below:

• In January 2023, Ivanti and Lookout, Inc. announced the extension of their strategic partnership to include Lookout Mobile Endpoint Security as part of the Ivanti Neurons automation platform. The combined solution, including Ivanti Go and Ivanti Neurons for Modern Device Management, is a best-in-class security and management solution that enables Ivanti customers to deploy a mobile strategy to secure the hybrid workforce while reducing overall risk to the organization. The combination of unified endpoint management and mobile threat defense enables organizations to proactively manage and secure mobile devices against the broadest array of attacks and defend against web-based and sophisticated attacks.
• In June 2023, Pradeo launched unmatched benefits for MSSPs with its latest mobile threat defense release. Pradeo's newest version of its mobile threat defense solution offers turnkey features designed to blend smoothly with MSSP's existing offering and drastically cut down administration time.

On the contrary, drawbacks of mobile threat defense hamper the growth of Middle East & Africa mobile threat defense market. 

Based on operating system, the Middle East & Africa mobile threat defense market is bifurcated into android and iOS. The android segment held 67.6% market share in 2022, amassing US$ 118.53 million. It is projected to garner US$ 534.37 million by 2030 to register 20.7% CAGR during 2022-2030.

In terms of enterprise size, the Middle East & Africa mobile threat defense market is divided into large enterprise and SMEs. The large enterprise segment held 57.8% share of Middle East & Africa mobile threat defense market in 2022, amassing US$ 101.26 million. It is projected to garner US$ 416.30 million by 2030 to expand at 19.3% CAGR from 2022 to 2030.

By end user, the Middle East & Africa mobile threat defense market is categorized into IT and telecom, BFSI, manufacturing, retail and E-commerce, government and others. The IT and telecom segment held 25.8% share of Middle East & Africa mobile threat defense market in 2022, amassing US$ 45.14 million. It is predicted to garner US$ 209.47 million by 2030 to expand at 21.2% CAGR between 2022 and 2030.

Based on country, the Middle East & Africa mobile threat defense market is categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 42.1% share of Middle East & Africa mobile threat defense market in 2022. It was assessed at US$ 73.79 million in 2022 and is likely to hit US$ 380.48 million by 2030, registering a CAGR of 22.8% during 2022-2030.

Key players operating in the Middle East & Africa mobile threat defense market are Sophos Ltd, Lookout Inc, SentinelOne Inc, Microminder Cybersecurity, AO Kaspersky Lab, Ivanti, SAP SE, Cisco Systems Inc, Zimperium Inc, and Broadcom Inc, among others.

• In December 2023, Cisco unveiled the Cisco AI Assistant for Security. This marks a major step in making artificial intelligence (AI) pervasive in the Security Cloud, Cisco's unified, AI-driven, cross-domain security platform. The AI Assistant will help customers make informed decisions, augment their tool capabilities, and automate complex tasks.
• In January 2023, Lockheed Martin Corporation announced an expansion of their strategic relationship to transform the mission-critical business systems that power Lockheed Martin's OneLM Transformation Program (1LMX). 1LMX is the industry-leading business and digital transformation effort that is enhancing the speed, agility, insights, and competitiveness of Lockheed Martin. By leveraging data as a strategic asset, enabling a model-based enterprise that spans the full product value chain, and streamlining systems and processes to both grow and run the business, Lockheed Martin is taking the lead in forging a more resilient, secure, and modernized supply chain for the nation's defense industrial base.

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