At 23.5% CAGR, North America Mobile Threat Defense Market is Projected to be Worth US$ 4,882.91 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America mobile threat defense market was valued at US$ 902.09 million in 2022 and is expected to reach US$ 4,882.91 million by 2030, registering a CAGR of 23.5% from 2022 to 2030. Integration of AI and other advanced technologies and rising small and medium enterprises are among the critical factors attributed to drive the North America mobile threat defense market growth.

Rapidly evolving security threats are estimated to raise the need for disruptive technologies such as artificial intelligence (AI) that are capable of analyzing a large amount of data. The ability of AI to provide quick mathematical calculations in order to augment the vital abilities of human intelligence is anticipated to generate growth opportunities for the mobile threat defense market in the near future.

Several mobile threat defense service providers have already integrated their existing solutions with AI techniques to improve their analytical and incident response abilities. For example, VMware provides a mobile threat defense solution to protect mobile devices from phishing and application, device, and rogue network-originated threats. The collaboration of existing mobile threat defense solutions with advanced analytical technologies to meet the end user expectations is further anticipated to drive noteworthy growth across the value chain of the mobile threat defense market.

On the contrary, drawbacks of mobile threat defense hamper the growth of North America mobile threat defense market.

Based on operating system, the North America mobile threat defense market is bifurcated into android and iOS. The iOS segment held 57.8% market share in 2022, amassing US$ 521.73 million. It is projected to garner US$ 2,968.06 million by 2030 to register 24.3% CAGR during 2022-2030.

In terms of enterprise size, the North America mobile threat defense market is divided into large enterprise and SMEs. The large enterprise segment held 61.4% share of North America mobile threat defense market in 2022, amassing US$ 554.23 million. It is projected to garner US$ 2,699.03 million by 2030 to expand at 21.9% CAGR from 2022 to 2030.

By end user, the North America 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 29.0% share of North America mobile threat defense market in 2022, amassing US$ 261.42 million. It is predicted to garner US$ 1,399.03 million by 2030 to expand at 23.3% CAGR between 2022 and 2030.

Based on country, the North America mobile threat defense market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.3% share of North America mobile threat defense market in 2022. It was assessed at US$ 769.39 million in 2022 and is likely to hit US$ 4,259.45 million by 2030, registering a CAGR of 23.9% during 2022-2030.

Key players operating in the North America mobile threat defense market are Sophos Ltd, Lookout Inc, SentinelOne Inc, AO Kaspersky Lab, Ivanti, SAP SE, Cisco Systems Inc, Zimperium Inc and Broadcom Inc, among others.

• In November 2023, Sophos introduced several new solutions that advance critical defenses against active adversaries. Sophos exposes how these active adversaries are now carrying out ransomware "fast" attacks in mere hours in "The 2023 Active Adversary Report for Security Practitioners," also published today.
• In September 2023, Lookout, Inc., the data-centric cloud security company, announced the availability of Lookout Mobile Endpoint Security to CrowdStrike channel partners and customers via the CrowdStrike Marketplace. As part of CrowdStrike's world-class ecosystem of compatible solutions from trusted partners, Lookout will be the first mobile threat defense solution in the CrowdStrike Marketplace.

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